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, 48 (2-3). pp. 210-230.
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Official URL: https://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: | Article | |||||||||
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| Divisions : | Faculty of Arts and Social Sciences > Surrey Business School | |||||||||
| Authors : |
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| 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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