 Enforcement of Disclosure Requirements: The Bulgarian CaseMPRA Paper from University Library of Munich, Germany Abstract: The process of improving Corporate Governance in emerging markets touches on a number of different aspects of the market organization. One essential area is the regulation, scope, timing and of procedure for mandatory disclosure of information. Disclosure is very important for investors, since they can not make informed decisions without reliable, accurate and easily accessible information. Bulgaria has a relatively well developed legal framework for ensuring fair disclosure. Its regulatory bodies and judiciary have broad and various practices for gathering and publishing all classes of mandatory information, as well as penalizing cases of avoiding or providing misleading information. However, it will be incorrect to think that the issue is resolved finally or completely. The proposed paper analyses the disclosure process in Bulgaria. It is based on the primary documents, reports, and interviews with the Bulgarian State Commission for Securities and the Stock Exchange. Its goal is revealing the existing legal basis and the practice of enforcement and making some proposals for the enhancement of the disclosure process Keywords: Corporate Governance; Disclosure of Information; Law Enforcement; Bulgaria (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:32732 Access Statistics for this paper More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC. |
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