caa a22 4500 44582963X CHVBK 20180317145309.0 cr unu---uuuuu 170323e20111201xx s 000 0 eng 10.1007/s10657-010-9145-3 doi (NATIONALLICENCE)springer-10.1007/s10657-010-9145-3 Arruñada Benito Department of Economics and Business, Pompeu Fabra University and Barcelona GSE, Trias Fargas, 25, 08005, Barcelona, Spain aut Mandatory accounting disclosure by small private companies [Elektronische Daten] [Benito Arruñada] This article analyzes how mandatory accounting disclosure is grounded on different rationales for private and public companies. It also explores technological changes, such as computerised databases and the Internet, which have recently made disclosure of company accounts by small companies potentially less costly and more valuable, thanks to electronic filing and universal online access to credit information systems. These recent developments favour policies that would expand the scope of mandatory publication for small companies in countries where it is voluntary. They also encourage policies to reduce the costs and enhance the value of disclosure through administrative reforms of filing, archive and retrieval systems. Survey and registry evidence on how the information in the accounts is valued and used by companies is consistent with these claims about the evolution of the tradeoff of costs and benefits that should guide policy in this area. Springer Science+Business Media, LLC, 2010 Financial disclosure nationallicence Company accounts nationallicence Credit registries nationallicence Business simplification nationallicence European Journal of Law and Economics Springer US; http://www.springer-ny.com 32/3(2011-12-01), 377-413 0929-1261 32:3<377 2011 32 10657 https://doi.org/10.1007/s10657-010-9145-3 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/s10657-010-9145-3 text/html Onlinezugriff via DOI NATIONALLICENCE 100 1- Arruñada Benito Department of Economics and Business, Pompeu Fabra University and Barcelona GSE, Trias Fargas, 25, 08005, Barcelona, Spain aut NATIONALLICENCE 773 0- European Journal of Law and Economics Springer US; http://www.springer-ny.com 32/3(2011-12-01), 377-413 0929-1261 32:3<377 2011 32 10657 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer