Dedman, Elisabeth and Lennox, Clive (2009) Perceived competition, profitability and the withholding of information about sales and the cost of sales. Journal of Accounting and Economics, Vol.48 (No.2-3). pp. 210-230. doi:10.1016/j.jacceco.2009.07.003

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Abstract

We investigate the relation between perceived competition and voluntary disclosure in the absence of capital market incentives by examining private UK companies, which have the option to withhold sales and costs of sales information from their publicly-filed accounts. We survey managers about their companies’ competitive environments and we calculate archival measures of industry competition. We find that managers are more likely to withhold information about sales and costs if they perceive that current or potential competition is strong. Consistent with disclosure being costlier for successful firms, we also find that more profitable companies are more likely to withhold information.

Item Type:	Journal Article
Subjects:	H Social Sciences > HF Commerce
Divisions:	Faculty of Social Sciences > Warwick Business School > Accounting Faculty of Social Sciences > Warwick Business School
Journal or Publication Title:	Journal of Accounting and Economics
Publisher:	Elsevier BV
ISSN:	0165-4101
Official Date:	2009
Dates:	Date Event 2009 Published
Volume:	Vol.48
Number:	No.2-3
Number of Pages:	21
Page Range:	pp. 210-230
DOI:	10.1016/j.jacceco.2009.07.003
Status:	Peer Reviewed
Publication Status:	Published
Access rights to Published version:	Restricted or Subscription Access

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