The SEC is trying to get companies to notify the investment community more quickly when a “material change” will affect their forthcoming financial results. In what sense might a financial manager be seen as “more ethical” if he or she follows this directive and issues a press release indicating that sales will not be as high as previously anticipated? What are the downsides and upsides to taking this action?

Answer rating: 100% (QA)

In what sense might a financial manger be seen as more ethical ... View the full answer