(Mandatory) announcements distributed by (listed) companies, which – cast in linguistically ambiguous phrases or circumlocutory formulations or (more and more frequently) – are filled with a lot of meaningless talk, enriched with irrelevant statements including plenty of pictures that cleverly distract the reader’s attention (information overload). This is an attempt to cover up unpleasant facts. – In the USA, according to the Sarbanes-Oxley Act, announcements must be made in „plain English“; future market assessments must be clearly marked as expectations. Nevertheless, here too many companies take the path of information overload. – See ad hoc release, shareholder letter, regulatory avoidance, statements, forward-looking, decision usefulness, information overload, plain English, managed bank, nothing, accounting, pension obligations, forecast report, Sarbanes-Oxley Act, consistency, loss camouflage, understandability, forecasts, materiality, fitness for purpose.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/

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