Guiding the guiders: foundations of a market-driven theory of disclosure
Ostaszewski, A.
, Gietzmann, M. & Schroeder, M.
(2020).
Guiding the guiders: foundations of a market-driven theory of disclosure.
Banach Center Publications,
122, 107-132.
https://doi.org/10.4064/bc122-7
, Gietzmann, M. & Schroeder, M.
(2020).
Guiding the guiders: foundations of a market-driven theory of disclosure.
Banach Center Publications,
122, 107-132.
https://doi.org/10.4064/bc122-7
A foundational approach is developed for a mathematical theory of managerial disclosure in relation to asset pricing; this involves both the earnings guidance disclosed by firm management and market 'trackers' pricing the firm's exposure to quotable risks.