The role of corporate disclosures in today’s business and financial life is enormous. Companies that need to refinance their operating activities make efforts to reducing information asymmetries. For investors, disclosures provide an opportunity to assess potential risk and return connected to investment opportunities. The proper functioning of financial markets relies on a balanced situation of information distribution and corporate disclosures can be considered as the instrument that regulates this setting. This explains their outstanding role for the capital market mechanism.

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© Springer Fachmedien Wiesbaden 2016

Authors and Affiliations

  1. 1.MendenGermany

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