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"We're held to a higher disclosure standard than others because they outsource their funds," Ms. Rapier said.
We find that higher disclosure levels are, on average, associated with lower cost of equity capital even after controlling for overall disclosure quality.
This observation is confirmed when calculating the Spearman correlation coefficient ((sigma=0.028), (95%mbox{Cindicating0.052])), indicathat thighergher disclosure tendencies lead to higher accuracy in the estimation of non-user biographies.
Finally, Grüning (2011) provides mixed evidence, finding higher disclosure levels to be associated with increased share turnover, smaller bid ask spreads and increased market capitalization, but no direct association with cost of equity capital for 556 German Prime Standard firms in 2006.
Additionally, the findings underline the results from prior research (e.g. Dhaliwal et al. 2014) by demonstrating that the reporting framework has a substantial impact on the level of CSR disclosure: Companies that issue standalone CSR reports and apply the GRI guidelines achieve a significantly higher disclosure level.
Higher disclosure rates have traditionally been interpreted as being more accurate than lower rates.
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Relatively high disclosure rates were found: 79.1% of the subjects filled in their email address, and 43.5% provided bank account information.
To investigate this subject, we designed a 3 × 3 factorial between-subjects experiment involving three conditions of behavioral realism: high realism, low realism, and audio-only (displaying no behavior at all) and three conditions of reciprocal self-disclosure: high disclosure, low disclosure, and no disclosure.
When there was a high disclosure rate on feelings, particularly deeply personal feelings, there was a feeling of less intimacy with that person, the researchers found.
Further clouding the picture: The highest disclosure range for reporting assets is "above $50,000,000" (and just $1,000,000 when it comes to a spouse's assets).
Several other papers also report high disclosure rates within the marital union and lower rates of disclosure among previous or current casual partners.
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CEO of Professional Science Editing for Scientists @ prosciediting.com