Costs and benefits for producing and providing financial information by the company
9/2004 , p193..201
Author(s):
Vasile ROBU
Camelia VASILESCU
Keywords:
financial reporting, cost and benefits of providing financial information, capital markets, mandatory reporting requirements, publicly traded companies
Abstract:
The company’sfinancial reporting doesn’t have to meet only the legal mandatory requirements, but also it is an essential dimension of its financial reporting policy designed to improve the image on market and to present its financial results and future perspectives to the existing and potential investors. The most important purpose of providing financial information to shareholders is to decrease the cost of capital. Meeting the mandatory financial reporting requirements represents an important obstacle to the listing of international companies on international capital markets due to the additional costs of financial reporting. For foreign companies these requirements are similar. But, on some local capital markets, different measures are applied in order to restrict the access of multinational companies.
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