A1 Vertaisarvioitu alkuperäisartikkeli tieteellisessä lehdessä
Desired vis-à-vis required interim disclosures
Tekijät: Schadewitz HJ, Kanto AJ, Kahra HA, Blevins DR
Kustantaja: Emerald (MCB UP )
Kustannuspaikka: Russell House, 28/30 Little Russell Street, London WC 1A 2HN, UK
Julkaisuvuosi: 2000
Journal: Journal of Financial Regulation and Compliance
Tietokannassa oleva lehden nimi: Journal of Financial Regulation and Compliance
Artikkelin numero: 7
Vuosikerta: 8
Numero: 2
Aloitussivu: 170
Lopetussivu: 179
Sivujen määrä: 10
ISSN: 1358-1988
DOI: https://doi.org/10.1108/eb025041
Verkko-osoite: http://dx.doi.org/10.1108/eb025041
This study compares those interim disclosures that managers desire to make with those they are required to make. Managers and regulators agree on the optimal degree of disclosure on growth potential and size. It appears that the less managers voluntarily disclose, the greater the firm´s growth potential. This may be because managers feel that other evidence signals the good future prospects or the information indicating positive growth is too proprietary to reveal to competitors. Some differences are observed. Managers would pay more attention to the specific needs of their governance groups. Regulations would require more disclosure of variables indicating: business risk; capital structure; and growth. These differences in perceived need for disclosure highlight the imporntance of continued study of the optimal scope and scale of disclosure.