What does it mean when researchers claim that for a signal to be credible, it must be

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What does it mean when researchers claim that for a signal to be credible, it must be 'costly' to replicate? Consider an example where accounting information is used for signalling purposes. Is the signal credible? What are the potential costs of replicating that accounting signal?

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Accounting Theory

ISBN: 9780470818152

7th Edition

Authors: Jayne Godfrey, Ann Tarca, Allan Hodgson, Jane Hamilton, Scott Holmes

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