Assertion: disclosure | /r/HasProperty | high
Facets:
value: for similar reasons
type: CAUSE
Source sentences:
text: For similar reasons, disclosure is high either when information asymmetry (the difference in value between high- and low-quality firms), shareholders’ liquidity shocks, or signal imprecision (the risk that investment leads to a bad signal), are low, as the manager will invest fully even with high disclosure, or when these parameters are high, as the manager will invest fully even under high disclosure.