A1 Vertaisarvioitu alkuperäisartikkeli tieteellisessä lehdessä

Desired vis-à-vis required interim disclosures




TekijätSchadewitz HJ, Kanto AJ, Kahra HA, Blevins DR

KustantajaEmerald (MCB UP )

KustannuspaikkaRussell House, 28/30 Little Russell Street, London WC 1A 2HN, UK

Julkaisuvuosi2000

JournalJournal of Financial Regulation and Compliance

Tietokannassa oleva lehden nimiJournal of Financial Regulation and Compliance

Artikkelin numero7

Vuosikerta8

Numero2

Aloitussivu170

Lopetussivu179

Sivujen määrä10

ISSN1358-1988

DOIhttps://doi.org/10.1108/eb025041

Verkko-osoitehttp://dx.doi.org/10.1108/eb025041


Tiivistelmä

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.



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