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The Quality and Relevance of Municipal Bond Disclosure: What Bond Analysts Think  


Author:  Mark D. Robbins.; Bill Simonsen.


Source: Volume 31, Number 01, Spring 2010 , pp.1-20(20)




Municipal Finance Journal

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Abstract: 

The disclosure requirements of Rule 15c2-12 provide direction for state and local governments when preparing financial condition information for external constituencies. This paper describes the results of the authors’ survey of municipal bond analysts, specifically of the membership of the National Federation of Municipal Bond Analysts, who were queried about the value and timeliness of the disclosure information that they receive for the credits they evaluate.

Keywords: Municipal Bond Disclosure

Affiliations:  1: Department of Public Policy, University of Connecticut; 2: Department of Public Policy, University of Connecticut.

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