Adequacy of disclosure is a gauge to determine what an investor knew or should have known, based on the information available to that investor. Critically discuss the concept of financial disclosure with respect to information asymmetries that manifest when the agent is in possession of relevant information which is not available to the principal.

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Adequacy of disclosure is a gauge to determine what an investor knew or should have known, based on the information available to that investor. Critically discuss the concept of financial disclosure with respect to information asymmetries that manifest when the agent is in possession of relevant information which is not available to the principal.

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