Charles McClure on Disclosure and Managerial Learning

Charles McClure, assistant professor of accounting at the University of Chicago, joins the Business Scholarship Podcast to discuss his paper Disclosure Processing Costs and Market Feedback Around the World, which was written with co-authors Shawn Shi and Edward Watts. In this paper, McClure and his co-authors exploit international introductions of centralized electronic disclosure systems, like the SEC’s EDGAR database, to examine how disclosure technologies affect managers’ learning from securities prices and investors’ information processing.