Mandatory accounting disclosure by small private companies

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European Journal of Law and Economics, Vol. 32(3), 377-413, 2011
To cite or link this document: Arruñada, Benito
dc.contributor.other Universitat Pompeu Fabra. Departament d'Economia i Empresa 2008-05-01
dc.identifier.citation European Journal of Law and Economics, Vol. 32(3), 377-413, 2011
dc.description.abstract This article analyzes how mandatory accounting disclosure is grounded on different rationales for private and public companies. It also explores technological changes, such as computerised databases and the Internet, which have recently made disclosure of company accounts by small companies potentially less costly and more valuable, thanks to electronic filing and universal online access to credit information systems. These recent developments favour policies that would expand the scope of mandatory publication for small companies in countries where it is voluntary. They also encourage policies to reduce the costs and enhance the value of disclosure 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 companies is consistent with these claims about the evolution of the tradeoff of costs and benefits that should guide policy in this area.
dc.language.iso eng
dc.relation.ispartofseries Economics and Business Working Papers Series; 1090
dc.rights L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons
dc.title Mandatory accounting disclosure by small private companies
dc.type info:eu-repo/semantics/workingPaper 2016-06-04T02:51:02Z
dc.subject.keyword Management and Organization Studies
dc.subject.keyword Business Economics and Industrial Organization
dc.subject.keyword financial disclosure
dc.subject.keyword company accounts
dc.subject.keyword credit registries
dc.subject.keyword business simplification
dc.rights.accessRights info:eu-repo/semantics/openAccess

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