Mandatory Accounting Disclosure by Small Private Companies

Abstract

Computerised databases and the Internet have recently made publication of company accounts potentially less costly and more useful, thanks to electronic filing and universal online access to credit information systems. These developments advise against simplification policies that would reduce the scope of mandatory publication. Instead, they encourage policies pursuing a broader efficiency goal, achievable by reducing costs and enhancing value through administrative reforms of filing, archive and retrieval systems. Survey and registry evidence on how the information in the accounts is valued and used by firms fully supports these claims.

Measures of Value in Acquisitions: Family Versus Nonfamily Firms

“…36% of family firm targets and 40% of non-family firm targets are from the United Kingdom. The prevalence of the deals coming from this country can be explained by the higher propensity of UK companies to disclose financial data (Arruñada, 2008).…”

AMBIENTE REGULATÓRIO E EVIDENCIAÇÃO SOCIAL: UMA ANÁLISE DAS DIVULGAÇÕES DE EMPRESAS BRASILEIRAS LISTADAS NA BM&FBOVESPA

“…Desse modo, na ausência de regulação, a divulgação das empresas tendem a fornecer informações favoráveis a sua imagem corporativa (Admati & Pfleiderer, 1999;Deegan et. al., 2000;Cowan & Gadenne, 2005;Arruñada, 2011 (Komatsu, 2004;Pó, 2004). Assim, o estado deixou de prover os serviços para tornar-se regulador de tais serviços (Pó, 2004).…”