True, the competitors argument is the first thing people would cite against continuous meaningful disclosure. The counterargments are
1) Not as important if everyone is disclosing on a level playing field.
2) More information supports better functioning markets==better decisions by the private sector. This is a huge benfit IMO.
3) Often a red herring for hiding weak management, not competitive information.
4) Truly sensitive information can be scrubbed or aggregated. There, a real job for a regulator besides napping.
Bonus point. The startups built around disclosure and analytics could be more interesting than the capital raising jam job companies that are going to be spawned.
True, the competitors argument is the first thing people would cite against continuous meaningful disclosure. The counterargments are 1) Not as important if everyone is disclosing on a level playing field. 2) More information supports better functioning markets==better decisions by the private sector. This is a huge benfit IMO. 3) Often a red herring for hiding weak management, not competitive information. 4) Truly sensitive information can be scrubbed or aggregated. There, a real job for a regulator besides napping.
Bonus point. The startups built around disclosure and analytics could be more interesting than the capital raising jam job companies that are going to be spawned.