Guiding the guiders: Foundations of a market-driven theory of disclosure

DOI10.4064/BC122-7zbMATH Open1460.91293arXiv2002.04886OpenAlexW3131928187MaRDI QIDQ4989147FDOQ4989147

Authors: Miles B. Gietzmann, Manfred Schreder, A. J. Ostaszewski 

Publication date: 20 May 2021

Published in: Banach Center Publications (Search for Journal in Brave)

Abstract: 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.

Full work available at URL: https://arxiv.org/abs/2002.04886

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Mathematics Subject Classification ID

Filtering in stochastic control theory (93E11) Prediction theory (aspects of stochastic processes) (60G25) Signal detection and filtering (aspects of stochastic processes) (60G35) Corporate finance (dividends, real options, etc.) (91G50) Stochastic learning and adaptive control (93E35)

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Cited In (1)

• The kind of silence: managing a reputation for voluntary disclosure in financial markets

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