Voluntary disclosure or calculated risk?

In a special feature, SMU Assistant Professor of Accounting Kim Jae Bum shared his research interest on finding out the motivations behind voluntary disclosure of information about companies' performances and expectations. He said that “company managers are economic agents who react to their incentives and prefer to publish the good news and hold back the bad news”. Assistant Prof Kim hoped that his research will help market participants to better understand firms’ voluntary disclosures and also make it easier for company managers to make the right choices.