This study contributes to literature in three ways: first, it draws a full picture about the determinants of a firm’s voluntary disclosure decision; second, it aims at tackling the mixed results found about the relation between competition and disclosure; and third, it shows evidence that it is possible that a firm would change its disclosure behaviors across time. The examination is based on the concept that management’s communication could reach out to multiple audiences. While a firm could be concerned about the responses from investors and competitors when deciding disclosure-or-not, union and government could also come into consideration….
Author: Yang, Jing-Wen
Source: University of Maryland
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