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The disclosures provide fodder for Trump critics like Rather, who are concerned that the new administration is too chummy with the Russian government to properly advocate for American interests.
Second, multi-segment firms were only awarded a point for a specific item if the respective disclosure was provided for all relevant businesses managed.
Thus, our research question is whether voluntary strategy disclosures provide useful information for investor decision-making.
As Lapointe-Antunes et al. (2006: 466) point out, "… a measure of disclosure level produced by examining any one aspect of corporate reporting could proxy for the general level of disclosure provided by a firm".
He added: "Their disclosures provide less than transparent reasons for why certain dates were picked".
On the first web page, the purpose of the study and the confidentiality disclosure information were provided for the participants to decide whether they would participate in the survey.
Olibe (2016) uses price and trading volume responses around IFRS earnings disclosures for U.K. cross-listed firms trading as American Depository Receipts in U.S. equity markets to investigate whether such disclosures provide information to market participants over and above U.S. GAAP earnings disclosures.
Some private companies have complained that preparing GAAP statements costs too much, with a considerable portion of the cost coming from rules that provided for disclosures that might be irrelevant.
Whatever view one takes on this tradeoff, the push for tightening disclosure rules is at least partly driven by the benefits that earlier disclosure would provide for corporate insiders.
The order also provided for disclosure of information about the extent of the activities and expressly allows her to come back to court in the light of any new material.
Full disclosure: Not financial advice, provided for educational purposes only.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com