Mandatory Accounting Disclosure by Small Private Companies
European Journal of Law and Economics, 32(3), 377-413
50 Pages Posted: 10 Jun 2008 Last revised: 22 Jul 2018
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.
Keywords: financial disclosure, company accounts, credit registries, business simplification
JEL Classification: G32, K22, M41, M45
Suggested Citation: Suggested Citation