Discussion of "Is the risk of product market predation a cost of disclosure?"
Bernard (2016) proposes that financially constrained firms susceptible to "product market predation" are more likely to avoid complying with a mandatory requirement to publicly disclose financial statements. Bernard tests and finds that financially constrained private firms in Germany are...
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| Format: | Article |
| Language: | English |
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Elsevier BV,
2018-12-12T20:18:18Z.
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| Online Access: | Get fulltext |