摘要翻译：
这项研究的目的是给出一个简单的框架来评估/量化企业的“透明度”。我们假设企业价值的形成过程只能偶尔观察到一次，但与可观察、可交易的股票价格密切相关。这种混合型结构使透明度“可观察”。本研究的启示是，准确的会计信息对市场的冲击程度确实反映了透明度的程度。此外，还可以借助校准方法对其进行量化。
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英文标题：
《Calibration of transparency risks: a note》
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作者：
Jir\^o Akahori, Yuuki Kanishi, Yuichi Morimura
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最新提交年份：
2009
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分类信息：

一级分类：Quantitative Finance        数量金融学
二级分类：Risk Management        风险管理
分类描述：Measurement and management of financial risks in trading, banking, insurance, corporate and other applications
衡量和管理贸易、银行、保险、企业和其他应用中的金融风险
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一级分类：Mathematics        数学
二级分类：Probability        概率
分类描述：Theory and applications of probability and stochastic processes: e.g. central limit theorems, large deviations, stochastic differential equations, models from statistical mechanics, queuing theory
概率论与随机过程的理论与应用：例如中心极限定理，大偏差，随机微分方程，统计力学模型，排队论
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英文摘要：
  The aim of this research is to give a simple framework to evaluate/quantize the "transparency" of a firm. We assume that the process of the firm value is only observable once in a while but is strongly correlated with the stock price which is observable and tradable. This hybrid type structure make the transparency "observable". The implication of the present study is that the depth of the shock to the market caused by the precise accounting information does reflect the degree of transparency. Furthermore, it can be quantized resorting to the calibration method.
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PDF链接：
https://arxiv.org/pdf/0804.1642