Information Transparency And Its Role In Corporate Management

Abstract

Information transparency is currently one of the key factors of competitiveness of a company especially if its assets are traded on the stock market. The requirements for information disclosure are growing annually, not only financial data become obligatory for disclosure, but also corporate news, peculiarities of the company social policy. Information transparency acting as the basic principle of the corporate management system is changing to a great extent in the conditions of digital modernization. It is now enough to get access to the information network, and an unlimited number of persons can get all available information about companies provided that the data are published in due time. The issues related to the definition of information transparency, means of raising it and its influence on capitalization of firms are relevant and demand close attention. The society demonstrates the need for carrying out of comprehensive research covering the issue of identification of the information transparency essence and functions as well as determination of the place and role of information transparency in the corporate management process in the conditions of digital modernization of the economy. The practical part of the research should cover the issue of how the information transparency index of a company correlates with its market capitalization level. Emphasis should be laid on the evaluation of information transparency of firms engaged in the development and deployment of digital technology in the economic life of the country.