A Theory of Investors' Disclosure (Gao & Lu 2025) | FT50 CAR
Description
English Podcast Starts at 00:00:00
Bengali Podcast Starts at 00:16:04
Hindi Podcast Starts at 00:35:23
Chinese (Simplified) Podcast Starts at 00:57:29
Reference
Gao, P., and J. Lu. 2025. “ A Theory of Investors' Disclosure.” Contemporary Accounting Research 1–24. https://doi.org/10.1111/1911-3846.70017.
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🎙️ Welcome everyone into our latest episode of "Revise and Resubmit"—the place where research comes alive, one question at a time!
🤓 Today, we're diving into an extraordinary paper: "A Theory of Investors' Disclosure" by Pingyang Gao and Jinzhi Lu. Published on November 7, 2025, in none other than Contemporary Accounting Research—a journal so prestigious, it's on the FT50 list! 📚✨
What happens when investors hold secret evidence on a firm, tiptoe between transparency and strategy, and shake up the market? Our authors reveal a world where investors always disclose their initial evidence, but when it comes to additional clues, they play a clever game—showing the extremes, hiding the middle, and leaving markets guessing. Their disclosure doesn't just move the price—it can mislead it, intentionally.
So here’s the puzzle: If investors can profit from volatility rather than certainty, are disclosures designed to inform... or to disrupt? 💡
A heartfelt thanks to the brilliant authors, Pingyang Gao and Jinzhi Lu, and big appreciation to the Canadian Academic Accounting Association and John Wiley & Sons Ltd. for publishing such impactful research.
Don’t forget, you can subscribe to "Revise and Resubmit" on Spotify, check out our YouTube channel "Weekend Researcher," and listen on Amazon Prime and Apple Podcasts. 🔔💥 Wherever you tune in, join our journey to rethink research.
Here’s our curious question to take with you: In a market where investors disclose to drive volatility, not truth, can we ever really trust what’s revealed?























