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 less likel...
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Elsevier BV
2018
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| Online Access: | http://hdl.handle.net/1721.1/119622 https://orcid.org/0000-0002-3472-5443 |