08:03 Jul 30, 2015 |
English to Polish translations [PRO] Law/Patents - Law: Contract(s) / Umowa zakupu | |||||||
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Summary of reference entries provided | |||
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Voluntary disclosure |
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Discussion entries: 7 | |
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3 days 6 hrs |
Reference: Voluntary disclosure Reference information: Voluntary disclosure in accounting is the provision of information by a company's management beyond requirements, such as generally accepted accounting principles and Securities and Exchange Commission rules, where the information is believed to be relevant to the decision making of users of the company's annual reports. Voluntary disclosure benefits investors, companies, and the economy; for example, it helps investors make better capital allocation decisions and lowers firms' cost of capital, the latter of which also benefits the general economy. Chau and Gray (2002) also found support for the theory that voluntary disclosure helps reduce conflicts of interest in widely held firms. Firms, however, balance the benefits of voluntary disclosure against the costs, which may include the cost of procuring the information to be disclosed, and decreased competitive advantage. https://goo.gl/auwQaW |
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