The SEC’S MD&A: Does it Meet the Informational Demands of Investors?– A Conceptual Evaluation –
AbstractThe SEC’s Management’s Discussion and Analysis of Financial Condition and Results of Operations (MD&A) is often claimed to provide vital “extra information” for the investment decisions of investors: information that compensates for the reporting weaknesses of financial statements. However, research on the quality of MD&A for investors is rare. In this study I conceptually evaluate whether the SEC’s requirements for MD&A disclosure do in fact provide sufficient information for investors. I use a comprehensive approach for the evaluation by analyzing the extent to which the SEC’s requirements for MD&A disclosure meet investor-oriented reporting principles and contents.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by LMU Munich School of Management in its journal Schmalenbach Business Review.
Volume (Year): 59 (2007)
Issue (Month): 1 (January)
Fundamental Stock Valuation; Management Reporting; MD&A’s Quality; Investor-oriented Reporting; SEC Regulation;
Find related papers by JEL classification:
- G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading
- G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
- K22 - Law and Economics - - Regulation and Business Law - - - Business and Securities Law
- M41 - Business Administration and Business Economics; Marketing; Accounting - - Accounting - - - Accounting
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (sbr) The email address of this maintainer does not seem to be valid anymore. Please ask sbr to update the entry or send us the correct address.
If references are entirely missing, you can add them using this form.