discretionarydisclosureinthepresenceofdualdistributionchannels全权披露的双重存在分销渠道Aprevailingviewinthedisclosureliteratureisthatfirmswholearnfavorablemarketinformationarereluctanttodiscloseit,fearingitwillattractnewrivals.Inthispaper,wedemonstratethatthepresenceofdualdistributionarrangements,whereinconsumerscanpurchaseproductseitherfromtraditionalretailfirmsordirectlyfromsuppliers,cannota...
