Chapter 16Implementation

How to Elicit the Proposed Information

We outlined and demonstrated in the preceding five chapters the new information paradigm we propose managers share with investors. We have shown that this information is prescribed by economic theory as key to assessing the performance and success of business enterprises, that this information is indeed requested by analysts in corporate earnings calls, and that upon the release of the information, albeit sporadically and by few companies, it significantly affects share prices. So there is little doubt that this is the missing information investors need for successful investment decisions. So far, so good; but how will investors receive this information on a regular and uniform basis? Realistically, we suspect, corporate managers—already heavily burdened by extensive statutory disclosure ...

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