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Why Firms Choose Openness

Openness has gradually become the rule in the business world, under
the influence of the communication technologies revolution, the evolution
of the internal organization of firms, the transition from a debt
economy to a self-financing economy, the demands of markets and institutional
investors, as well as the evolution of corporate law. Openness
and information are essential to the good operation of the economy, and
their development corresponds to the necessary conditions of a « pure
and perfect » competition. However, the demand for an absolute openness
of firms, notably under the pressure of consumerism and the fight
against frauds and illicit pratices, must respect the rules of industrial
property, as well as a certain degree of confidentiality necessary for efficient
management.

français

Référence électonique : Denis KESSLER, "Why Firms Choose Openness", Pouvoirs, revue française d’études constitutionnelles et politiques, n°97, 97 - Transparence et secret, p.33-46 . Consulté le 2020-06-05 21:44:39 . URL : https://revue-pouvoirs.fr/Why-Firms-Choose-Openness.html