ABSTRACT
Earlier chapters have introduced the topic of segmental disclosure, analysed the theory of information disclosure and explored capital market impacts of such information disclosure in general. In this chapter prior research in the area of segmental disclosure will be examined with a view to developing hypotheses of possible benefits of segmental geographical disclosure to be tested in the following chapter. Figure 6.1 is a schematic presentation of prior research. First, descriptive studies which examine possible benefits of segmental disclosure from a user consensus viewpoint, will be cited. Cerf's (1961) consensus study will be examined in detail, and an evaluation of user behaviour studies will be made.
