Disclosure Dilemma: When more (data) leads to less (information)!
Musings on Markets
JULY 14, 2021
Between 1897 and 1905, for instance, Westinghouse Electric & Manufacturing neither published an annual report, not held a shareholder meeting. In the years before the First World War, the demands for more disclosure came from critics of big business, concerned about their market power, but few companies responded.
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