The paper analyses the problems of financial reporting disclosures by public companies, particularly in the context of the apparent contradiction between widespread claims of information overload on the one hand and continuing claims from users that they do not receive all the information they...

The paper summarises the development of the economic theory of the firm, with particular reference to the work of Knight, Coase and Williamson, and examines its potential relevance to questions of measurement in financial reporting. Based on differences between firms' business models, and...