Discussion of The Role of the Manager's Human Capital in Discretionary Disclosure.

The author comments on the article "The Role of the Manager's Human Capital in Discretionary Disclosure," by Venky Negar. It is suggested that Negar presents an interesting deterrent to voluntary disclosure by a manager. Negar makes the assumption that a disclosure of the manager's private information sets off the market to acquire further information and to use the information to reassess the manager's ability. The author asserts that the most intriguing element of Negar's article is the assumption that disclosure triggers information production by the market.