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Effectiveness and Efficiency of Disclosure: A Preparer’s Perspective

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  • Jürgen M. Wagner

    (Siemens AG)

Abstract

Transparent corporate reports are required for reducing the asymmetric distribution of information between providers of capital and company management. In recent years, several major trends have led to an increase in the volume and complexity of corporate reports, jeopardizing the usefulness of such information. The article compares and contrasts, from a preparers’ perspective, certain current initiatives which have the potential to increase this complexity even further, with encouraging developments observed in Anglo-Saxon jurisdictions that counter disclosure overload. In closing, the author provides his thoughts how the current disclosure regime could be improved.

Suggested Citation

  • Jürgen M. Wagner, 2019. "Effectiveness and Efficiency of Disclosure: A Preparer’s Perspective," Schmalenbach Business Review, Springer;Schmalenbach-Gesellschaft, vol. 71(2), pages 271-278, May.
    • Handle: RePEc:spr:schmbr:v:71:y:2019:i:2:d:10.1007_s41464-018-0057-z
    DOI: 10.1007/s41464-018-0057-z
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    References listed on IDEAS

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    1. Katharina Hombach & Thorsten Sellhorn, 2019. "Shaping Corporate Actions Through Targeted Transparency Regulation: A Framework and Review of Extant Evidence," Schmalenbach Business Review, Springer;Schmalenbach-Gesellschaft, vol. 71(2), pages 137-168, May.
    2. Christian Leuz & Peter D. Wysocki, 2016. "The Economics of Disclosure and Financial Reporting Regulation: Evidence and Suggestions for Future Research," Journal of Accounting Research, Wiley Blackwell, vol. 54(2), pages 525-622, May.
    3. Mark Dooner & David McAlister, 2013. "Investor Relations and Communications: An Overview of Leading Practices in the OECD Area," OECD Working Papers on Sovereign Borrowing and Public Debt Management 6, OECD Publishing.
    4. Healy, Paul M. & Palepu, Krishna G., 2001. "Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature," Journal of Accounting and Economics, Elsevier, vol. 31(1-3), pages 405-440, September.
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