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Perceived competition, profitability and the withholding of information about sales and the cost of sales
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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. ISSN 0165-4101
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Official URL: http://dx.doi.org/10.1016/j.jacceco.2009.07.003
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 |
| Date: | 2009 |
| Volume: | Vol.48 |
| Number: | No.2-3 |
| Number of Pages: | 21 |
| Page Range: | pp. 210-230 |
| Identification Number: | 10.1016/j.jacceco.2009.07.003 |
| Status: | Peer Reviewed |
| Publication Status: | Published |
| Access rights to Published version: | Restricted or Subscription Access |
| URI: | http://wrap.warwick.ac.uk/id/eprint/44313 |
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