The Case Against Quarterly Reporting By Public Companies– Part 1, The Fundamentals
1. U.S. to modify 55-year rule on quarterly financial reporting. 2. Quarterly earnings pressure causes short-termism and affects long-term growth decisions. 3. Semiannual reporting may improve performance and reduce market inefficiencies. 4. Concerns exist over market manipulation due to the current quarterly system. 5. Global peers have abandoned mandatory quarterly reporting for semiannual cycles.