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How disclosure quality affects the level of information asymmetry

✍ Scribed by Stephen Brown; Stephen A. Hillegeist

Publisher
Springer US
Year
2007
Tongue
English
Weight
459 KB
Volume
12
Category
Article
ISSN
1380-6653

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In this study we examined the extent to which compensation method and public disclosure inΒ―uenced information search strategy and escalation of commitment. A laboratory experiment involving 182 student subjects employed a 3 (compensation: no-pay, salary, and contingent) by 2 (disclosure level: publi