O'Reilly logo

Winning Investors Over: Surprising Truths About Honesty, Earnings Guidance, and Other Ways to Boost Your Stock Price by Baruch Lev

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

Chapter 7

Life Beyond GAAP

Why Managers Should Disclose More Information Than Legally Required

In This Chapter

  • The shrinking relevance of accounting information.
  • No news is bad news for investors, companies, and managers.
  • Voluntary disclosure must complement deficient GAAP information.
  • The contours of value-enhancing and career-preserving information disclosure.

Does the information provided in corporate financial reports fulfill investors’ needs? Is the usefulness of this information increasing or decreasing over time? And should managers augment GAAP disclosures? For answers to these weighty questions, look at figure 7-1, spanning the thirty-two-year period from 1975 through 2006. Obviously, the yearly bars are quickly descending from the ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required