Perceived competition, profitability and the withholding of information about sales and the cost of sales

Dedman, Elisabeth; Lennox, Clive S.

doi:10.1016/j.jacceco.2009.07.003

Cited by 225 publications

(155 citation statements)

References 55 publications

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“…I cannot use these measures because certain data necessary for constructing them are unavailable for strong positive relation with disclosure avoidance, and this relation is greater at higher levels of financial constraint. Further, estimated marginal effects show that the relation between financial constraint and disclosure avoidance is economically significant compared to other determinants of disclosure avoidance studied in prior literature, such as profitability (e.g., Dedman and Lennox, 2009).…”

Section: : Introductionmentioning

confidence: 75%

Is the risk of product market predation a cost of disclosure?

Bernard

2016

Journal of Accounting and Economics

139

125

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Section: : Introductionmentioning

confidence: 75%

Is the risk of product market predation a cost of disclosure?

Bernard

2016

Journal of Accounting and Economics

139

125

View full text Add to dashboard Cite

“…Since credit ratings may influence the cost and availability of debt finance, building on extant research (Lennox and Pittman, 2011;Dedman and Kausar, 2012), a natural extension of the current study would be to examine the effects of late filing on credit ratings. A further research extension would be to examine whether UK SMEs exercising the option (under the Companies Act) of withholding profit and loss data 34 (see Dedman and Lennox, 2009) exhibit differential reporting lag behaviour.…”

Section: Discussionmentioning

confidence: 99%

The Timeliness of UK Private Company Financial Reporting: Regulatory and Economic Influences

Clatworthy

Peel

2014

SSRN Journal

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This paper investigates the extent to which the timeliness of UK private companies' accounting information reflects regulatory and economic influences by studying the impact of a one month shortening of the statutory regulatory filing deadline. Using the financial reporting lag and propensity to file late as measures of timeliness, we find that although reporting behaviour is largely driven by regulatory deadlines, companies conjectured to be producing accounting information for reporting to outside investors publish their accounts significantly more quickly, and are substantially less likely to file beyond the statutory deadline (late), than their counterparts lacking similar incentives. However, in terms of this reporting lag differential, the change in regulation had a homogeneous impact. We report a significant reduction in the mean and median filing time, but an increase of 46% in the proportion of firms filing late, in the year following the regulatory change. Our results are robust to the employment of a number of different estimation methods, including matching and Huber and median regression.

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“…Botosan and Harris, 2000 Cohen, 2002Ettredge et al, 2002Leuz, 2004Graham et al, 2005Jin , 2005 Botosan and Stanfod, 2005 Shin 2002 Verrecchia and Weber, 2006 Nichols and Street, 2007Berger and Hann, 2007Dedman and Lennox, 2009Heitzman et al, 2010Ali et al, 2009 Supports the hypothesis Rejects the hypothesis Verrecchia, 1983Mautz, 1968 Hypothesis:…”

Section: Related Literaturementioning

confidence: 92%

“…However, when we consider a dynamic and evolving process, they are actually defining the sector's progress in relation to the influence of competition on voluntary disclosure. The second group of papers includes surveys and interviews (Backer and McFarland, 1968;Mautz, 1968;Emmanuel and Garrod, 1987;Edwards and Smith, 1996;Graham et al, 2005;Dedman and Lennox, 2009). The results that they get are very similar.…”

Section: Related Literaturementioning

confidence: 99%

Evolutionary Model of Existing Competition and Voluntary Disclosure

Nickel

Gago‐Rodríguez

2010

SSRN Journal

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We analyze how, in the absence of capital market incentives, the influence of existing competition on voluntary disclosure is an evolving process which has a non-monotonic design.The progressive capability of rivals to forecast significant information and the increasing losses of abnormal profits during the industry life cycle generate fears and incentives that change the sign of the relationship between competition and the probability of voluntary disclosure throughout the industry's development. We support this new design empirically by applying a semi-parametric Cox model to 28 years of archival data for the entire Spanish newspaper sector.We also find that the best fitting model is the first harmonic of a Fourier series.

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Perceived competition, profitability and the withholding of information about sales and the cost of sales

Cited by 225 publications

References 55 publications

Is the risk of product market predation a cost of disclosure?

Is the risk of product market predation a cost of disclosure?

The Timeliness of UK Private Company Financial Reporting: Regulatory and Economic Influences

Evolutionary Model of Existing Competition and Voluntary Disclosure

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