REFERENCES
- Ackerlof G. (1990). The Market for Lemons: Quality Uncertainty and the Market Mechanism, The Quarterly Journal of Economics, 84(3).
- Affleck-Graves J. Hedge S. and Miller R. (1994). Trading Mechanisms and the Components of the Bid-Ask Spread, The Journal of Finance, 49(4).
- Alford A. Jones J. Leftwich R. and Zmijewski M. (1993). The Relative Informativeness of Accounting Disclosures in Different Countries, Journal of Accounting Research, Volume 31 Supplement.
- Arrow K. (1991). c, Econometrica, 19 (pp 404–437).
- Arrow K. (1991). Essays in the Theory of Risk Bearing, Amsterdam, North Holland Publishing Company.
- Arrow K. (1996). Rationality of Self and Others in an Economic System, Journal of Business, 59 (4).
- Beaver W. Kettler P. and Scholes M. (1990). The Association Between Market Determined and Accounting Determined Risk Measures, The Accounting Review, 45 (4).
- Ben Zeon U. and Shaltit S. (1995). Size, Leverage and Dividend Record as Determinants of Equity Risk, The Journal of Finance, 30(4).
- Bergesen M. and Ward M. (1996). Modelling Systematic Risk and Return Using Accounting Based Information, Investment Analysts Journal, No 43 Winter.
- Biaman S. and Verrecchia R. (1996). The Relation among Capital Markets, Financial Disclosure, Production Efficiency and Insider Trading, Journal of Accounting Research, 34 (1).
- Boatsman J. Behen B. and Patz D. (1993). A Test of the Use of Geographical Segment Disclosures, Journal of Accounting Research, Volume 31, Supplement.
- Botosan C. (1997). Disclosure Level and Cost of Equity Capital, The Accounting Review, 72 (3).
- Bowie D. and Bradfield D. (1998). Robust Estimation of Beta Coefficients: Evidence from a Small Stock Market, Journal of Business Finance and Accounting, 25 (3).
- Briloff A. (1996). More Debits than Credits, New York, Harper and Row.
- Briloff A. (1991). The Truth about Corporate Reporting, New York, Harper & Row.
- Burten C. (1981). Discussion of Voluntary Corporate Disclosure: The Case of Interim Reporting, Journal of Accounting Research, Volume 19 Supplement.
- Callahan C. Lee C and Yohn T. (1997). Accounting Information and Bid-Ask Spreads, Accounting Horizons, 11 (4).
- Chan K. Christie W. and Schultz P. (1995). Market Structure and the Intra day Pattern of Bid-Ask Spreads for NASDAQ Securities, Journal of Business, 68 (1).
- Choi F. (1993). Financial Disclosures in Relation to a Firm's Cost of Capital, Accounting and Business Research, No. 12 Autumn, pp. 282–292.
- Coller M. and Yohn T. (1997). Management forecasts and Information Asymmetry: An Estimation of Bid-Ask Spreads, Journal of Accounting Research, 35 (2).
- Cox C. and Ross A. (1996). The Valuation of Options for Alternative Stochastic Process, Journal of Financial Economics, 3 (pp 145–166).
- Darrough N. and Stoughton M. (1998). Financial Disclosure Policy in An Entry Game, Working Paper Colombia University, New York.
- Demiski J. (1990). Information Analysis, Second Edition, Reading Mass, Addison Wisely.
- Derrida J. (1991). Dissemination, Chicago Press.
- Dhaliwal D. (1998). The Impact of Disclosure Regulations on the Cost of Capital, in Research Report in Economic Consequences of Financial Accounting Standards; Selected Papers, FASB.
- Diamond D. and Verrecchia R. (1991). Disclosure, Liquidity and Cost of Capital, Journal of Finance, 46 (4).
- Dietrich R. Kachelmeier S. Kleinmuntz D. and Linsmeier T. (1999). Market Efficiency, Bounded Rationality and Supplemental Business Reporting Disclosures, Version 7, Unpublished.
- Fama E. (1965). The Behaviour of Stock Prices, The Journal of Business, January PP. 34–105.
- FASB (1990). Objectives of Financial Reporting by Business Enterprises, Statement of Financial Accounting Concepts No. 1, FASB.
- Francis J and Schipper K (1999). Have Financial Statements Lost Their Relevance? Journal of Accounting Research, 37 (2).
- Garsombke H. (1999). The Relationship Between Corporate Disclosure and Firm Risk, Journal of Business Finance and Accounting, 6(1).
- George T, Kaul G and Nimalendran M. (1991). Estimation of the Bid-Ask Spread and Its Components: A New Approach, The Review of Financial Studies 4 (4).
- Gilbert E. (1997). Uncertainty in Orthodox Economic Theory: The Role of Constraints, Seminar Paper, Judge Institute of Management Studies, University of Cambridge, Unpublished.
- Glosten L (1997). Components of the Bid-Ask Spread and the Statistical Properties of Transaction Prices, Journal of Finance 45(5).
- Glosten L. and Milgrom P. (1995). Bid, Ask and Transaction Prices in a Specialist Market with Heterogeneously Informed Traders, Journal of Financial Economics, 14 (pp. 71–100).
- Glosten L. and Harris L. (1998). Estimating the Components of the Bid-Ask Spread, Journal of Financial Economics, 21 (pp. 123–142).
- Greenstein M. and Sami H. (1994). The Impact of the SEC's Segment Disclosure Requirement on Bid-Ask Spreads, The Accounting Review, 69 (1).
- Hamada R. (1992). The Effect of Firm's Capital Structure on the Systematic Risk of Common Stocks, The Journal of Finance, 27 (2).
- Hawking S. (1990). A Brief History of Time: From the Big Bang to Black Holes, New York, Bantam Books.
- Hirst D Koonce L and Miller J (1999). The Joint Effect of Management's Prior Forecast Accuracy and the Form of its Financial Forecast on Investor Judgment, Journal of Accounting Research, Volume 37 Supplement.
- Hsia C, Fuller B and Chen B (2000). Is Beta Dead or Alive? Journal of Business Finance and Accounting, 27 (3&4).
- Ijiri U. (1997). The Foundations of Accounting Measurement: A Mathematical Economic and Behavioural Enquiry, New Jersey, Prentice Hall.
- Ijiri U. (1996). A Framework for Triple Entry Bookkeeping, The Accounting Review 61 (1)
- Ijiri U. (1999). Momentum Accounting and Triple entry Bookkeeping: Exploring the Dynamic Structure of Accounting Measurements, Studies in Accounting Research Number 31, Sarasota, American Accounting Association.
- Johnson R. and Wichern D. (1998). Applied Multivariate Statistical Analysis, Second Edition, Prentice Hall.
- Knight H. (1991). Risk, Uncertainty and Profit, Harper & Row.
- Kochanek R. (1994). Segmental Financial Disclosures by Diversified Firms and Security Prices, The Accounting Review, 49 (2).
- Kosko B. (1993). Fuzzy Thinking: The New Science of Fuzzy Logic, Glasgow Harper Collins.
- Lev B and Zarowin P (1999). The Boundaries of Financial Reporting and How to Extend Them, Journal of Accounting Research, 37 (2).
- Lucas R and Sargent T. (1991). Rational Expectations and Econometric Practices, Minneapolis, University of Michigan Press.
- Neftci S. (1996). An Introduction to the Mathematics of Financial Derivatives, Academic Press.
- Negash M. (1990). On the Association Between Extent of Disclosure and Risk: An Empirical Study in a Thinner Market Environment, Doctoral Dissertation, Vrije Universiteit Brussel, Unpublished, 265 P.
- Negash M. (1995). The Relation Between Extent of Disclosure and Risk, A Further Counter Evidence, Meditari.
- Ohlson J. (1999). On Financial Disclosure and the Behaviour of Security Prices, Journal of Accounting and Economics, 1(3).
- Retief J. Affleck-Graves J. and Hamman W. (1986). The Association Between Market Determined and Accounting Determined Risk Measures in the South African Context, South African Journal of Business Management, 17(3).
- Ryan S. (1997). A Survey of Research Relating Accounting Numbers to Systematic Equity Risk, with Implications for Risk Disclosure Policy and Future Research, Accounting Horizons, 11 (2).
- Schrand C. and Elliott J (1998). Risk and Financial Reporting: A Summary of the Discussion at the 1997 AAA/FASB Conference, The Accounting Horizons, 12 (3).
- Sengupta P (1998). Corporate Disclosure Quality and the Cost of Debt, The Accounting Review 73 (4).
- Simon H (1996). Rationality in Psychology and Economics, Journal of Business, 59(4).
- Singhavi S. and Desai B. (1991). An Empirical Analysis of the Quality of Financial Disclosure, The Accounting Review, 46(1).
- Skinner D. (1994). Why Firms Voluntarily Disclose Bad News, Journal of Accounting Research, 32(1).
- Stiglitz J. (1991). The Allocation Role of the Stock Market: Pareto Optimality and Competition, The Journal of Finance, 36 (2).
- Theil H (1997). Economics and Information Theory, Amsterdam, North Holland Publishing Company.
- Verrecchia R.E. (1993). Discretionary Disclosure, Journal of Accounting and Economics, 5 (December).
- Verrecchia R.E. (1990). Endogenous Proprietary Costs Through Firm Interdependence, Journal of Accounting and Economics, 12 (January).
- Verrecchia R.E. (1996). Discussion of A Model of Two-Tiered Financial Reporting, Journal of Accounting Research Volume 34 Supplement.
- Von Neuman J. and Morgenstern O. (1998). Theory of Games and Economic Behaviour, Princeton University Press.
- Yates A. and Firer C. (1997). The Determinants of Risk Perceptions of Investors, The Investment Analysts Journal, No. 44 Summer.