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미국에 있어서 현대 재무공시의 기원
A Study on the Origin of the Financial Disclosure in the United States

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Authors
이정호
Issue Date
2001-03
Publisher
서울대학교 경영연구소
Citation
경영논집, Vol.35 No.1, pp. 113-133
Keywords
113-133
Description
2001-03
Abstract
Due partly to the dominant political philosophy Laissez-faire, the amount as well as the

quality of financial information disclosed by most publicly owned corporations in the United

States were left almost entirely to the discretion of management until the end of the 19th

century. Accounting abuses were inevitable due to the absence of any regulation of the securities markets. Although US manufacturers began to move slowly toward more publicly credible financial disclosure practice, the notorious corporate secrecytradition continued

throughout the nineteenth century, and it was not until 1929 that people realized the need for

strong regulations regarding financial disclosure systems. The stock market crash in the fall

of 1929 became the direct moment to enact many federal government regulations including the famous Securities Acts of 1933 and 1934.
ISSN
1229-0491
Language
Korean
URI
https://hdl.handle.net/10371/43354
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College of Business Administration/Business School (경영대학/대학원)Institute of Management Research (경영연구소)경영논집경영논집 vol.35 (2001)
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