Information Transfer and Firm‐Level Strategy

30 Pages Posted: 5 Dec 2016

See all articles by Richard A. Schneible Jr.

Richard A. Schneible Jr.

State University of New York (SUNY) at Albany

Date Written: December 2016


In this article, I examine a previously unexplored avenue for information transfer: similarities in firms’ strategies. This examination is based on the idea that information transfer is likely to be positively related to similarity in business activities. Drawing on the concept of generic strategies found in the strategy literature, I develop a measure of strategic distance between firms. Using this measure, I provide evidence that information transfer is positively related to the similarity of firms’ strategies. In addition, I find that this information transfer is strongest when the announcing firm is large or has persistent earnings.

Keywords: Information transfer, Strategy, Earnings announcements

Suggested Citation

Schneible, Richard, Information Transfer and Firm‐Level Strategy (December 2016). Accounting & Finance, Vol. 56, Issue 4, pp. 1119-1148, 2016. Available at SSRN: or

Richard Schneible (Contact Author)

State University of New York (SUNY) at Albany ( email )

Albany, NY 12222
United States

Here is the Coronavirus
related research on SSRN

Paper statistics

Abstract Views
PlumX Metrics