Timely Public Disclosure of Company Information: A Likely Precondition for Optimal Long-Term Corporate and National Outcomes

32 Company and Securities Law Journal 560-582, (2014)

23 Pages Posted: 26 Oct 2016

See all articles by Gill North

Gill North

Deakin University, Geelong, Australia - Deakin Law School

Date Written: 2014

Abstract

The article advocates corporate disclosure regulation on fairness, efficiency, governance, and national interest grounds. It suggests that relevant empirical research points to timely disclosure of listed company information as a precondition for attainment of optimal long-term corporate and economic outcomes. While company managers and large institutional investors have strong incentives to exchange information privately, listed company communication models based on favoured institutional relationships or relative levels of power and wealth are unlikely to lead to efficient markets, strong corporate performance, sound governance practices, or sustained economic growth. Market observations and interdisciplinary research consistently link superior corporate and national outcomes to high-quality listed company disclosure, protection of minority shareholder rights, broad investor participation, and public trust in financial markets.

Keywords: Company Disclosure, Company Information

Suggested Citation

North, Gill, Timely Public Disclosure of Company Information: A Likely Precondition for Optimal Long-Term Corporate and National Outcomes (2014). 32 Company and Securities Law Journal 560-582, (2014). Available at SSRN: https://ssrn.com/abstract=2848674

Gill North (Contact Author)

Deakin University, Geelong, Australia - Deakin Law School ( email )

221 Burwood Highway
Burwood
Burwood, Victoria 3125, Victoria 3125
Australia

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