How Less Disclosure Affects Risk PerceptionsGuest Post
The Lemons Problem: How Less Disclosure Affects Risk Perceptions by [email protected]
When the JOBS (Jumpstart Our Business Startups) Act became law in 2012, one provision allowed firms to reduce the amount of information that they provide to investors before an IPO. This was meant to make it easier for smaller firms to get outside investors. Research co-authored by Wharton accounting professor Daniel Taylor finds . . .
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