Improving the Corporate Disclosure Process
- Autores: Robert G. Eccles, Sarah C. Mavrinac
- Localización: Sloan management review, ISSN 0019-848X, Vol. 36, Nº. 4, 1995, págs. 11-25
- Idioma: inglés
- Enlaces
- Dialnet Métricas: 2 Citas
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Resumen
Is it time to reform the financial reporting regulations that were established in the early 1900s? Will new regulations improve the corporate disclosure process? The authors conducted a national survey of corporate managers, financial analysts, and portfolio managers to examine their options on disclosure regulation and how companies communicate with the capital markets. Their analysis indicates that, while all three groups think market functioning is imperfect, they do not see a need for increased financial reporting regulation. Rather, the authors' analysis suggests that companies can improve the processes of disclosure and communication by developing a strategy for corporate information disclosure, upgrading the role of the investor relations staff, and voluntarily reporting nonfinancial information. Such improvements would increase management credibility, analysts' understanding of the firm, investors' patience, and, potentially, share value.
