Mandatory disclosure and asymmetry in financial reporting
研究了知情经理人如何通过政治影响选择强制披露规则，发现规则倾向于对不利事件要求更多披露，且不对称程度与信息可验证性和事前不确定性正相关。
This paper examines the demand for disclosure rules by informed managers interested in increasing the market price of their firms. Within a model of political influence, a majority of managers chooses disclosure rules with which all firms must comply. In equilibrium, disclosure rules are asymmetric with greater levels of disclosure over adverse events. This asymmetry is positively associated with the informativeness of the measurement and increasing in the level of verifiability and ex-ante uncertainty of the information. The theory also offers implications about the relation between mandatory and voluntary disclosure, when both channels are endogenous.