Abstract

There have been continued efforts to improve information available for investors. Among the suggested approaches arguments have been made that continuous reporting may benefit investors and other stakeholders, however, a system that makes information immediately available does present some concerns. Certainly, information that is timelier, has zero time-lag, and that is based on individual requests, is a better match for investors’ decision models, so it can improve the information’s usefulness. However, users that make continuous requests about the company’s operations could obtain sensitive information. This paper addresses this problem by showing how inferences can be represented as integers, and this approach can keep sensitive information from being revealed by a continuous reporting system.

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