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Strategic Management Journal 2000

The influence of voluntarily disclosed qualitative information

V. K. Narayanan1; George E. Pinches2; Kathryn M. Kelm3; Diane M. Lander4

1 University of Kansas · 2 University of Missouri–Kansas City · 3 Emporia State University · 4 Babson College

Abstract

We examine the voluntary disclosure of qualitative information about actions involving governmental agencies and managerial intentions or beliefs in R&D project announcements in The Wall Street Journal. Our analysis indicates that information regarding government approval and managerial intentions/beliefs voluntarily disclosed in R&D project announcements interacts with industry/firm variables to provide significant incremental explanatory power in both the innovation and commercialization stages of R&D projects. Our data also indicate that the biggest impact is from managerial intentions, especially an intent to increase market share when coupled with being a larger firm.

DOI
10.1002/1097-0266(200007)21:7<707::aid-smj113>3.3.co;2-1
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