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dc.contributor.authorDurney, Michael Thomas
dc.date.accessioned2019-10-15T15:32:25Z
dc.date.available2020-06-05T06:01:02Z
dc.date.issued2019-05-30
dc.identifier.otherDurney_cornellgrad_0058F_11375
dc.identifier.otherhttp://dissertations.umi.com/cornellgrad:11375
dc.identifier.otherbibid: 11050438
dc.identifier.urihttps://hdl.handle.net/1813/67456
dc.description.abstractI use experimental and survey evidence to investigate how and why audience size affects managers’ disclosure content in private meetings with investors. The experiment uses a 2x2 between-subjects design with 328 experienced managers. I predict and find that larger audiences decrease bad news disclosure because of increases in managers’ self-focus. I provide evidence of self-focus as the causal mechanism using both experimental manipulation and measurement. The survey elicits responses from 114 investor relations officers on actual private disclosure experiences and provides (a) support for my experimental assumption about the variability of audience size in practice and (b) evidence consistent with the experiment suggesting managers are unaware of the effect of audience size. I contribute by (1) providing evidence on the determinants of content in managers’ private disclosures, (2) demonstrating the effects of managers’ self-focus as a previously unexamined determinant of voluntary disclosure, and (3) providing additional descriptive evidence on managers’ private disclosures. My results may also provide increased understanding of the differences between private and public disclosures.
dc.language.isoen_US
dc.subjectSelf-Focus
dc.subjectVoluntary Disclosure
dc.subjectPsychology
dc.subjectAccounting
dc.subjectAudience Size
dc.subjectInvestor Relations
dc.subjectPrivate Disclosure
dc.subjectRegulation Fair Disclosure
dc.titleTHE EFFECT OF AUDIENCE SIZE ON MANAGERS' PRIVATE DISCLOSURES
dc.typedissertation or thesis
thesis.degree.disciplineManagement
thesis.degree.grantorCornell University
thesis.degree.levelDoctor of Philosophy
thesis.degree.namePh.D., Management
dc.contributor.chairLibby, Robert
dc.contributor.committeeMemberRennekamp, Kristina Marie
dc.contributor.committeeMemberRusso, J. Edward
dc.contributor.committeeMemberBooth, James
dc.contributor.committeeMemberNelson, Mark W.
dcterms.licensehttps://hdl.handle.net/1813/59810
dc.identifier.doihttps://doi.org/10.7298/nskr-nx47


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