Verrecchia (1990) demonstrated that for a given cost of disclosure, th translation - Verrecchia (1990) demonstrated that for a given cost of disclosure, th Indonesian how to say

Verrecchia (1990) demonstrated that

Verrecchia (1990) demonstrated that for a given cost of disclosure, the probability of disclosure is monotonically increasing in disclosure quality τε . However, this paper finds that when the cost of disclosure is endogenized, this relation does not hold, even in the absence of limited liability. In fact, it can be shown that if equity holders were not to enjoy limited liability, the probability of disclosure would be independent of disclosure quality, τε
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Verrecchia (1990) menunjukkan bahwa untuk biaya tertentu pengungkapan, kemungkinan pengungkapan monotonically meningkat dalam pengungkapan kualitas τε. Namun, karya ini menemukan bahwa ketika biaya pengungkapan adalah endogenized, hubungan ini tidak memegang, bahkan dalam ketiadaan Perseroan terbatas. Bahkan, dapat menunjukkan bahwa jika pemegang saham untuk tidak menikmati Perseroan terbatas, kemungkinan pengungkapan akan independen pengungkapan kualitas, τε
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Verrecchia (1990) menunjukkan bahwa untuk biaya tertentu pengungkapan, kemungkinan pengungkapan monoton meningkat dalam keterbukaan τε kualitas. Namun, tulisan ini menemukan bahwa ketika biaya pengungkapan endogenized, hubungan ini tidak berlaku, bahkan tanpa adanya kewajiban terbatas. Bahkan, dapat ditunjukkan bahwa jika pemegang saham tidak menikmati kewajiban terbatas, kemungkinan pengungkapan akan independen dari kualitas pengungkapan, τε
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