SSRN-The Effects of Regulation Fair Disclosure on Management Forecasts by Carla Carnaghan, Ranjini Sivakumar
In a paper to be presented this coming week at the European FMA meetings, Carnaghan and Sivakumar find evidence that shows that regulation FD did reduce information Asymmetries. Additionally they "find that the information disclosed by managers has improved in terms of frequency, specificity and verifiable information provided." And therefore " Regulation Fair Disclosure has achieved one of its stated goals of providing a more level playing field to all investors." YEAH! :)
No comments:
Post a Comment