Timely public disclosure of company information: a likely precondition for optimal long-term corporate and national outcomes

North, Gill 2014, Timely public disclosure of company information: a likely precondition for optimal long-term corporate and national outcomes, Company and securities law journal, vol. 32, no. 8, pp. 560-582.

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Title Timely public disclosure of company information: a likely precondition for optimal long-term corporate and national outcomes
Author(s) North, GillORCID iD for North, Gill orcid.org/0000-0001-6508-2412
Journal name Company and securities law journal
Volume number 32
Issue number 8
Start page 560
End page 582
Total pages 23
Publisher Lawbook Co.
Place of publication Rozelle, N.S.W.
Publication date 2014
ISSN 0729-2775
Summary 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.
Language eng
Field of Research 180109 Corporations and Associations Law
1801 Law
1501 Accounting, Auditing And Accountability
Socio Economic Objective 949999 Law
HERDC Research category C1.1 Refereed article in a scholarly journal
ERA Research output type C Journal article
Copyright notice ©2014, Thomson Reuters
Persistent URL http://hdl.handle.net/10536/DRO/DU:30091037

Document type: Journal Article
Collection: Law
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