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The state in which all relevant information is fully and freely available to the public. Nearly every analyst agrees that transparent markets are desirable because they lead to greater efficiency. Laws and regulations exist in most jurisdictions encouraging or mandating transparency. For example, the SEC requires disclosure forms declaring a great many different actions when or immediately after they occur. Likewise, the Sarbanes-Oxley Act is designed to increase transparency in accounting. A minority view holds that these laws and regulations intended to create transparent markets in fact reduce efficiency. Others contend that markets are efficient with or without transparency. See also: Efficient market hypothesis.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved


The full, accurate, and timely disclosure of information.
Case Study Ford Motor Company executives indicated in spring 2001 that the company planned to provide shareholders and analysts with greater transparency of the firm's financial results. As part of the improved transparency, Ford was expected to report separate results from its Premier Automotive Group (PAG), comprising Aston Martin, Jaguar, Lincoln, Land Rover, and Volvo Cars. In the prior year Ford reported an operating loss of $35 million in Europe only because income from PAG and customer services mostly offset operating losses of nearly $1 billion in its other European operations. At the time Ford did not report profits for individual brands or product groups. Transparency permits shareholders and analysts a greater understanding of a firm's operations, including which parts of the firm are most and least profitable. This, in turn, places greater pressure on the firm's management to produce acceptable results in all facets of a company's operations.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.


Transparency is a measure of how much information you have about the markets where you invest, the corporations whose stocks or bonds you buy, or the mutual funds or other investments you select.

For example, in order to achieve maximum transparency in US markets, the Securities and Exchange Commission (SEC) requires corporations to disclose all information that might have an impact on their financial status so that investors can make fully informed decisions.

Real-time trading information, increasingly available to individuals as well as institutional investors, and linked pricing systems are other steps toward complete transparency.

Dictionary of Financial Terms. Copyright © 2008 Lightbulb Press, Inc. All Rights Reserved.
References in periodicals archive ?
Le budget incluait des allocations globales aux entreprises d'Etat, mais les revenus de celles-ci'', indique le rapport sur la transparence des finances publiques publie en 2019.
Il a ete demontre que l'edification d'institutions fortes et leur ancrage aux principes de gouvernance, de transparence et de reddition des comptes constituent des parametres cles pour impulser le processus de developpement economique et social d'un pays.
The main theme in Transparence may be the difficulty of being oneself as both an author and a woman when one has used one's nakedness as a disguise.
Dans une societe ou l'ethique est devenue plus faible que l'interet, la transparence est devenue une necessite et une obligation.
Le prAaAaAeA@sid centre de vote, s'est dit, quant AaAaAeA lui, [beaucoup moins que] trAaAaAeA?s satis du dAaAaAeA@roulement de l`opAaAaAeA@ration de dAaAaAeA@pouillement qui s`est dAaAaAeA@roul une parfaite transparence, en prAaAaAeA@sence de reprAaAaAeA@sentants [beaucoup grand que].
Le renforcement des mecanismes de transparence et de participation citoyenne passe par l'amelioration de l'acces aux informations budgetaires et la mise en place d'une gestion financiere fondee sur la performance, ainsi qu'a travers l'elaboration et la mise en oeuvre d'une politique de consultation publique, outre le renforcement de la decentralisation financiere.
This "folly," this enigma, posits that clarity (or transparence) is far from being merely a factor of legibility and unveiling, but is also--like the night--something that alters our perception by crippling or clouding it.
Si le scrutin s'est deroule dans un climat de calme, il a surtout ete marque par une forte mobilisation des ressortissants du pays pour veiller a la transparence lors du depouillement de l'urne et combattre toute forme de pratique frauduleuse pouvant entacher le scrutin.
Il a pour mission, notamment, de proposer et de contribuer a animer une politique globale de prevention de la corruption, consacrant les principes de l'Etat de droit et refletant la transparence ainsi que la responsabilite dans la gestion des biens et des deniers publics.