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The role of competitors on corporate disclosure policies
Journal Title: FINANCIAL REPORTING 
Author/s: Fabrizio Cerbioni, Andrea Menini 
Year:  2011 Issue: Language: Italian 
Pages:  29 Pg. 95-123 FullText PDF:  748 KB
DOI:  10.3280/FR2011-002005
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This paper investigates the role that competitors have on corporate disclosure policies. In particular, it is focus on the main competitive forces that influence corporate disclosure and on herding processes. In order to show the presence of informational and reputational herding processes two types of competitors are considered: the leader in disclosure and the leader in size. The main results support the hypotheses of intraindustry mimicking processes and underline a trend of homogenization of disclosure policies.
Keywords: Corporate disclosure, competitor, informational herding, reputational herding, AIMR, disclosure channels

Fabrizio Cerbioni, Andrea Menini, The role of competitors on corporate disclosure policies in "FINANCIAL REPORTING" 2/2011, pp. 95-123, DOI:10.3280/FR2011-002005

   

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