Dr. Zheng LIU, Assistant Professor
Department of Accountancy, Economics and Finance
Forget those dusty filing cabinets and endless paper reports! The future of corporate transparency is digital, and it is revolutionising productivity. The U.S. government's EDGAR (Electronic Data Gathering, Analysis, and Retrieval) system, managed by the SEC, requires all public companies to file their financial information electronically. This makes it easier for investors and the public to access crucial corporate data, bridging the information gap between insiders and outsiders.
This study reveals that the shift to digital reporting has significantly boosted company productivity. With real-time data at their fingertips, investors, analysts, and the public can make informed decisions without guesswork. It's a game-changer for resource allocation and performance.
What other benefits do you think digital financial reporting could bring to the business world?
#Digital Technology #Financial Reporting #EDGAR #TFP #Information Asymmetry