Private meetings undermine fair disclosure, study finds
A NEW study has found significant evidence that hedge funds benefit from information they obtain in private meetings with company executives, adding to mounting research suggesting that selective access to management undermines regulators’ fair disclosure objectives.
Despite Reg FD, study finds traders profit from private CEO meetings
A NEW study by prominent accounting professors has found evidence that big investors benefit from information they glean in private meetings with company CEOs – and they say their findings raise questions about whether such meetings meet the spirit of Regulation Fair Disclosure (Reg FD).
10 ways to ease XBRL detailed footnotes tagging
This is a guest post by David J. Price, chief financial officer and chief operating officer, EDGAR Online, Inc. Mr. Price joined EDGAR Online as Chief Financial Officer on July 6, 2010 and became Chief Operating Officer on May 13, 2011. Prior to that, he was Executive Vice President, Finance, Chief Financial Officer, Treasurer and [...]
Is “Regulation Fair Access” next for investor relations?
AMID deep public distrust of all things Wall Street, regulators are coming under growing pressure to act against the billion-dollar business of private meetings between corporate executives and an elite group of traders and analysts.
HP rushes out earnings after leaked memos
SPARE a thought today for the investor relations and communications professionals at technology giant Hewlett-Packard Co. (NYSE: HPQ).
Colorful gadget highlights XBRL’s potential
XBRL US Labs, the research arm of the XBRL US consortium, recently released a tool to show how data reported in eXtensible Business Reporting Language can be compiled within minutes of being posted on EDGAR and then presented in a way that makes analysis simple and visually interesting.
Yes, XBRL was hyped — but strategic IROs won’t write it off just yet
WHEN you work with eXtensible Business Reporting Language (XBRL) on a daily basis like I do, it’s easy to forget – and sometimes a little disconcerting — that most people don’t share your enthusiasm for the standard and its potential.
Hoping for an XBRL break? Don’t hold your breath
AMERICAN businesses affected by Sarbanes-Oxley legislation still vividly remember the days leading up to the deadline for SOX 404 compliance back in 2004/2005, and the vast army of internal control specialists that were mobilized — at sometimes eye-watering rates — to help filers meet their Section 404 requirements.
For insurance IROs, reserve adequacy is elephant in the room
LOOMING behind the various predictions of a turn in commercial lines pricing at some point in 2011 or 2012 is an “elephant” many companies find hard to discuss – reserve adequacy.
Research points to lack of level playing field in Europe
A TEAM of German researchers from Goethe University Frankfurt have published a study that finds evidence to suggest that corporate executives are sharing material, non-public information in private earnings calls and conferences with select groups of invited analysts.
WebFilings causes a stir with easy-to-use financial reporting tool
A NEW company is causing a stir in investor relations and corporate reporting circles with its financial reporting software that makes it a snap for companies to confidently create multiple disclosure documents that automatically update when figures are changed in a single spreadsheet.
UK investors get a new, half-baked disclosure database
INVESTORS in UK issuers have a new central online repository for disclosure documents to help them with their research – but the new “national storage mechanism” is useless if you want timely alerts about new disclosures.
How hedge funds analyze your earnings calls
NEWS this week from the Wall Street Journal that academics have found key language markers of executive deception on earnings calls won’t come as a surprise to some of the world’s biggest hedge funds.
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