This paper aims at highlighting the causes of the information gap that, according with Eccles and Lupone (2000), exist between Italian listed companies and financial analysts. An empirical analysis is conducted to compare the relevance of the type of information reported in the director’s reports with the relevance perceived by CFOs and by financial analysts, obtaining a measure of the mismatch. Hence, a multiple linear regression is performed to identify the companies’ features affecting the mismatch. The paper tries to shed some light on the companies’ disclosure policy.

Le determinanti del gap informativo tra imprese quotate ed analisti finanziari: i contenuti della relazione sulla gestione

BAGNOLI, Carlo;VEDOVATO, Marco
2004

Abstract

This paper aims at highlighting the causes of the information gap that, according with Eccles and Lupone (2000), exist between Italian listed companies and financial analysts. An empirical analysis is conducted to compare the relevance of the type of information reported in the director’s reports with the relevance perceived by CFOs and by financial analysts, obtaining a measure of the mismatch. Hence, a multiple linear regression is performed to identify the companies’ features affecting the mismatch. The paper tries to shed some light on the companies’ disclosure policy.
File in questo prodotto:
File Dimensione Formato  
Le determinanti del gap informativo.pdf

non disponibili

Tipologia: Altro materiale relativo al prodotto (file audio, video, ecc.)
Licenza: Accesso chiuso-personale
Dimensione 337.81 kB
Formato Adobe PDF
337.81 kB Adobe PDF   Visualizza/Apri

I documenti in ARCA sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/10278/30777
Citazioni
  • ???jsp.display-item.citation.pmc??? ND
  • Scopus ND
  • ???jsp.display-item.citation.isi??? ND
social impact