# kaal:claim:1428387-032

**Claim.** More disclosure does not always mean better governance, because the information provided may be hard to assess and evaluate.

**Type.** failure  **Support.** argued

**Holds when.**

- where disclosed valuation and risk data is complex

**Source quote.**

> More disclosure may not, however, always mean better governance if the information provided is hard to assess and evaluate.

**From.** Kaal, *Hedge Fund Valuation Retailization, Regulation, and Investor Suitability* (2009), VI.C Valuation and Risk Disclosure, page 50

**Cite as.** Kaal, Hedge Fund Valuation Retailization, Regulation, and Investor Suitability (2009). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1428387

**Verify.** sha256 of source PDF `6aa3a280dc6750723be2389f3af2aabf3a16c4ce20e49fcdaddd7f2ea95a67aa` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202009%20-%20Hedge%20Fund%20Valuation%20Retailization%2C%20Regulation%2C%20and%20Investor%20Suitability.pdf

**Failure mode.** disclosure-without-comprehension  (family: disclosure-ineffectiveness)

**Topics.** disclosure, governance-design

**Keywords.** disclosure, governance, information-quality, regulatory-limits

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.