Book contents
- Corporate Groups and Shadow Business Practices
- Corporate Groups and Shadow Business Practices
- Copyright page
- Dedication
- Contents
- Foreword
- Preface
- Part I Setting the Scene
- 1 Corporate Group Transparency
- Part II The Emergence of Group Complexity
- Part III Decomposing Corporate Groups
- Part IV Deficiencies of Formal Approaches to Group Transparency in EU Law
- Part V Systems Approach as a More Comprehensive Concept toward Group Transparency
- Part VI Results
- Bibliography
- Index
1 - Corporate Group Transparency
from Part I - Setting the Scene
Published online by Cambridge University Press: 04 May 2022
- Corporate Groups and Shadow Business Practices
- Corporate Groups and Shadow Business Practices
- Copyright page
- Dedication
- Contents
- Foreword
- Preface
- Part I Setting the Scene
- 1 Corporate Group Transparency
- Part II The Emergence of Group Complexity
- Part III Decomposing Corporate Groups
- Part IV Deficiencies of Formal Approaches to Group Transparency in EU Law
- Part V Systems Approach as a More Comprehensive Concept toward Group Transparency
- Part VI Results
- Bibliography
- Index
Summary
This chapter explains the why, what, and how of the book. In the chapter, the term shadow business is explained and defined as a societal concern that necessitates further research. The remedy of the information asymmetry that shadow business represents is group transparency. If, however, transparency is a value that requires legal commitments, then it needs to be operationalized. This means that it should be possible to derive legal obligations and that this helps realize transparency as an objective. This can arguably only be achieved where the term “transparency” is precisely defined. This chapter discusses transparency in light of three aspects and whether and to what extent a disclosure regime facilitates accessible, high-quality, and processable information, and the underlying goal is the avoidance of information asymmetry.
Keywords
- Type
- Chapter
- Information
- Corporate Groups and Shadow Business Practices , pp. 3 - 26Publisher: Cambridge University PressPrint publication year: 2022