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Mandatory Accounting Disclosure by Small Private Companies

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Author Info
Benito Arruñada ()

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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.

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File URL: http://www.econ.upf.edu/docs/papers/downloads/1090.pdf
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Publisher Info
Paper provided by Department of Economics and Business, Universitat Pompeu Fabra in its series Economics Working Papers with number 1090.

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Date of creation: May 2008
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Handle: RePEc:upf:upfgen:1090

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Web page: http://www.econ.upf.edu/

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Related research
Keywords: Financial disclosure company accounts credit registries business simplification

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Find related papers by JEL classification:
G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Capital and Ownership Structure
K22 - Law and Economics - - Regulation and Business Law - - - Corporation and Securities Law

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