Guiding the guiders: Foundations of a market-driven theory of disclosure
2020-02-12Unverified0· sign in to hype
M. Gietzmann, A. J. Ostaszewski, M. H. G. Schröder
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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.