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

See all articles by Benito Arruñada

Benito Arruñada

Pompeu Fabra University - Department of Economics and Business; Barcelona GSE

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.

Keywords: financial disclosure, company accounts, credit registries, business simplification

JEL Classification: G32, K22, M41, M45

Suggested Citation

Arruñada, Benito, Mandatory Accounting Disclosure by Small Private Companies. European Journal of Law and Economics, 32(3), 377-413. Available at SSRN: https://ssrn.com/abstract=1141905 or http://dx.doi.org/10.2139/ssrn.1141905

Benito Arruñada (Contact Author)

Pompeu Fabra University - Department of Economics and Business ( email )

Ramon Trias Fargas 25-27
Department of Economics and Business
Barcelona, 08005
Spain
+34 93 542 25 72 (Phone)
+34 93 542 17 46 (Fax)

HOME PAGE: http://www.econ.upf.edu/~arrunada

Barcelona GSE ( email )

Ramon Trias Fargas, 25-27
Barcelona, Barcelona 08005
Spain

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