Ekonomiczny skutek zniesienia obowiązku publikacji sprawozdań finansowych przedsiębiorstw
Economic consequences of the abolition of the financial statements publication requirement

Summary/Abstract: The paper discusses the consequences of the abolition of the requirement of financial statements publication in „Monitor Polski B”. It first explains the connection between the normative act and the information economy theory, particularly information asymmetry and moral hazard. It also points out decreased information efficiency in the over-the-counter segment of the Polish market due to the enacted regulations. Then a numerical simulation for the total cost (to Polish economy) of generating financial information is conducted. The model shows the limitation of the scope of analysis conducted by the ministry of economy. The information threshold is assessed at the level of 7.4 billion zlotys, and the size of the potential additional business services market is estimated. The authors recommend a return to the obligation of publication in the form of electronic documents posted to companies and governmental websites.

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