Summer School: Accounting Disclosure and Regulation

This doctoral course explores the communication of accounting information in financial markets. The course focuses on the modeling of communication between senders (such as firm managers, analysts, or auditors) and receivers (such as investors and buyers) in a persuasion game, costly signaling game, or a cheap talk game, as these message structures are most used to describe communication within financial markets settings. The course considers foundational papers that introduce these message structures and then more recent theoretical and empirical accounting applications.

A theme in this course is to examine the fundamental aspects of each model so that the modeling choices and solution techniques can be applied within the context of different settings.