The book is structured as follows. The first chapter presents the general features of communication with investors, the possible technical means, and the links between the concepts of voluntary and mandatory disclosure. The second chapter focuses on forward-looking information (hereafter FLI) as a specific kind of voluntary disclosure. It examines its benefits and disadvantages, the demand expressed by users, and existing regulation in terms of communication offer by companies. The last chapter reports the results of an empirical analysis on behaviour displayed by the largest Italian firms with regard to FLI. It aims at outlining a picture of the Italian context, which so far has not been explored systematically, despite being a “classic” research area in other countries (especially in the US). The regulatory framework is updated at January 2004.
COMUNICARE IL FUTURO - L'INFORMATIVA ECONOMICO-FINANZIARIA DI TIPO PREVISIONALE DELLE SOCIETà QUOTATE ITALIANE
QUAGLI, ALBERTO
2004-01-01
Abstract
The book is structured as follows. The first chapter presents the general features of communication with investors, the possible technical means, and the links between the concepts of voluntary and mandatory disclosure. The second chapter focuses on forward-looking information (hereafter FLI) as a specific kind of voluntary disclosure. It examines its benefits and disadvantages, the demand expressed by users, and existing regulation in terms of communication offer by companies. The last chapter reports the results of an empirical analysis on behaviour displayed by the largest Italian firms with regard to FLI. It aims at outlining a picture of the Italian context, which so far has not been explored systematically, despite being a “classic” research area in other countries (especially in the US). The regulatory framework is updated at January 2004.
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