In annual reports, including those of banks, since around 2000, there has been a sharp increase in the number of long-winded statements on the general business environment, economic developments in the world today and in the future, euphemistic explanations of annual results, and sometimes embarrassing self-congratulations (self-adulation, vaunt) by senior executives, which are also put in the spotlight photographically. The information content of the freestyle section, measured quantitatively in bits, is usually close to zero. – See disclosures, veiled, stock exchange language, information overload, plain language, management commentary, reporting, consistency, substance-over-form principle, understandability, predictions, materiality, reliability, fitness for purpose.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/