Private communication among competitors and public disclosure

John D. Kepler

Journal of Accounting and Economics, 2021, vol. 71, issue 2

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.

Keywords: Private communication; Public disclosure; Strategic alliances; Coordination role of disclosure (search for similar items in EconPapers)
JEL-codes: D83 G14 L14 M41 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jaecon:v:71:y:2021:i:2:s0165410121000021

DOI: 10.1016/j.jacceco.2021.101387

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