Corporate Competitive Strategy and Voluntary Disclosure

16 Pages Posted: 18 Mar 2008 Last revised: 27 Jan 2010

See all articles by Jidong Zhang

Jidong Zhang

Winona State University

Zheng Fan

affiliation not provided to SSRN

Liyan Wang

Peking University - Guanghua School of Management

Date Written: 2008

Abstract

The relation between the motivation of voluntary disclosure and the characters of companies is important research topic in accounting research and strategy research. The paper investigates the samples from Chinese capital market during 2004-2006 and concludes some empirical results to verify and support the strategy theory that pre-literatures had document through the analysis of game theory. The findings are that there is no significant relationship between industry competitive information voluntary disclosure and corporate governance and there is no significant relationship between industry competitive information voluntary disclosure and earning quality. As the analysis of strategy theory, there is significant relationship between industry competitive information voluntary disclosure and corporate competitive strategy which integrates with the status of market competitive where the corporate locates. If the corporate locates in growth period of Product Life Cycle (PLC), it is more possible to disclose industry competitive information and this motivation is obvious. The findings provide the empirical evidence of strategy competitive theory. These also implicate that voluntary disclosure is related to the disclosure content, not to corporate characters such as governance and earning quality.

Keywords: strategy competitive theory, dynamic competitive, voluntary disclosure

JEL Classification: G34, M41, M45, M47, D80, C70

Suggested Citation

Zhang, Jidong and Fan, Zheng and Wang, Liyan, Corporate Competitive Strategy and Voluntary Disclosure (2008). Available at SSRN: https://ssrn.com/abstract=1106614 or http://dx.doi.org/10.2139/ssrn.1106614

Jidong Zhang (Contact Author)

Winona State University ( email )

Winona, MN 55987
United States

Zheng Fan

affiliation not provided to SSRN ( email )

Liyan Wang

Peking University - Guanghua School of Management ( email )

Peking University
Beijing, Beijing 100871
China

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