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Of course, news about a company affects how its stock is doing. But market reaction also influences corporate decision-making, Wharton research finds.
Few see transparency when it comes to publicly traded companies as a bad thing, but new research suggests that the need to disclose everything can put managers in a bind that hurts their firm's growth.
Researchers look at how the issuance of government bonds can crowd out corporate bonds and how corporations respond to this.
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