Journal of Accounting and Economics Vol. 71 No. 2-3 2021
Private communication among competitors and public disclosure
Abstract
I study how private communication among competitors affects their public disclosures. Theory suggests that competing firms can use public disclosure to coordinate, and predicts less public disclosure when there is more private communication. Using data on strategic alliances, I predict and find that firms that enter strategic alliances with competitors reduce their public disclosure, and that the reduction is more pronounced for alliances that allow for more private communication.
- DOI
- 10.1016/j.jacceco.2021.101387
- Volume
- 71
- Issue
- 2-3
- Pages
- 101387
- Language
- en
- Sources
- bibtex:phds-export.bib openalex crossref