Market Integrity and Disclosure Quality
The University of Sydney Business School
May 22, 2012
Journal of Applied Research in Accounting and Finance (JARAF), Vol. 7, No. 1, pp. 23-31, 2012
The purpose of this article is to examine financial forecasts within a disclosure document known as a prospectus. Statements within this document contribute to market integrity which is maintained if statements or omissions do not mislead or deceive the market or prospective investors. Forecasts have particular salience to potential investors. The article aims to analyse the relevant law and to show that clarification is required.
Number of Pages in PDF File: 17
Keywords: prospectus, market integrity, market disclosure, misleading or deceptive statements
JEL Classification: M40, M41Accepted Paper Series
Date posted: May 23, 2012
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