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Title variants
Information Asymmetry. Investor Relation Requirements against Shareholder Value Creation
Languages of publication
Abstracts
Information asymmetry means that investors know less than managers. There are known many different remedies in order to minimize these differences in knowledge. Some of them are enacted by law regulations. It is worth noting that public companies have special information duties. They have to announce every crucial information about company. Their financial statements are the object of thorough scrutiny made by auditors. Even though, there are many known cases that public companies use information announcing duties to convey only good news about themselves. Their aim is to bring about positive investor reactions and feelings. Many companies believe that creating shareholder value means increasing stock price. This way of thinking mixed with investors behavior proved to lead nowhere. Companies focused on shareholders value concentrated their efforts on short-term results even with harm to their future prospects. Gaining increase of stock prices doesn’t mean increase of shareholder wealth. Because this increase in stock price might be easily corrected to their real (intrinsic) value.
Year
Volume
Physical description
Dates
published
2012
References
Document Type
Publication order reference
Identifiers
URI
http://hdl.handle.net/11089/1832
YADDA identifier
bwmeta1.element.hdl_11089_1832
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