Abstract
It is of central importance, if not a precondition, that bad news is conveyed swiftly and precisely for both effective corporate governance, and the functioning of efficient capital markets. This contrasts starkly with human nature, which prefers to suppress bad news and finds it exceptionally hard to convey.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Author information
Authors and Affiliations
Copyright information
© 2006 Geoffrey Owen, Tom Kirchmaier and Jeremy Grant
About this chapter
Cite this chapter
Owen, G., Kirchmaier, T., Grant, J. (2006). Luigi Zingales on the Importance of Bad News. In: Corporate Governance in the US and Europe. Palgrave Macmillan, London. https://doi.org/10.1057/9780230512450_18
Download citation
DOI: https://doi.org/10.1057/9780230512450_18
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-54717-3
Online ISBN: 978-0-230-51245-0
eBook Packages: Palgrave Business & Management CollectionBusiness and Management (R0)