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Perceived competition, profitability and the withholding of information about sales and the cost of sales

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, 48 (2-3). pp. 210-230.

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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: Article
Divisions : Faculty of Arts and Social Sciences > Surrey Business School
Authors :
NameEmailORCID
Dedman, Elisabethe.dedman@surrey.ac.uk
Lennox, Clive
Date : December 2009
DOI : 10.1016/j.jacceco.2009.07.003
Uncontrolled Keywords : Voluntary disclosure; Managerial perceptions; Product market competition; Industry concentration
Additional Information : No further action
Depositing User : Clive Harris
Date Deposited : 01 Jul 2019 13:48
Last Modified : 01 Jul 2019 13:48
URI: http://epubs.surrey.ac.uk/id/eprint/852195

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