The SEC's Pollution Disclosure Requirements
研究美国证券交易委员会要求企业披露污染信息的规定，探讨管理层披露的信息是否有用、投资者是否感知并反应，并提出改进建议。
Firms materially affected by pollution abatement costs are required to disclose pollution information in their annual filings with the Securities and Exchange Commission. Is pollution information disclosed by management useful? Do investors perceive the usefulness of pollution disclosures and react to them? The authors present recommendations for improving the SEC9s current pollution disclosure requirements.