More transparent disclosure reduces the effort required to process reported information.
As such, our analysis points to an important trade-off in regulating the OTC market and protecting investors: While lowering regulatory requirements (e.g., for disclosure) reduces the compliance burden for smaller firms, it also significantly reduces market liquidity and increases crash risk for investors.
First, revolving around the seminal analysis of Barry and Brown (1985), literature drawing on portfolio choice and equilibrium asset pricing theory suggests that increased disclosure reduces estimation risk arising from investor estimates of key parameters of an asset's payoff distribution ('estimation-risk approach').
When enacted stigma entered the regression model of depression, the regression coefficient of disclosure reduced from γ =.23 to γʹ =.16.
In the regression analysis of anxiety, the regression coefficient of disclosure reduced from γ =.21 to γʹ =.16 (Sobel Z = 3.80, p <.001); and in the regression analysis of ART adherence, the regression coefficient of disclosure (absolute value) reduced from γ =.21 to γʹ =.18 (Sobel Z = 2.56, p <.01) after our introducing enacted stigma into the regression models.
The CIA's Detention and Interrogation Program was inherently unsustainable and had effectively ended by 2006 due to unauthorized press disclosures, reduced cooperation from other nations, and legal and oversight concerns.
Informal surveillance can counter false positive and false negative formal disclosures, reducing the relative sanctions for disclosing an outbreak.
19) The CIA's Detention and Interrogation Program was inherently unsustainable and had effectively ended by 2006 due to unauthorised press disclosures, reduced cooperation from other nations, and legal and oversight concerns.
Expand public disclosure to reduce the cost of assessing true corporate value.
But it has moved to increase disclosure and reduce the unappealing routings that have previously offended customers.
