文章基本信息

标题：Product market competition, board structure, and disclosure quality
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作者：Minghui Teng ; Changqing Li
期刊名称：Frontiers of Business Research in China
印刷版ISSN：1673-7326
电子版ISSN：1673-7431
出版年度：2011
卷号：5
期号：2
页码：291-316
DOI：10.1007/s11782-011-0132-5
语种：English
出版社：Higher Education Press, co-published with Springer-Verlag GmbH
摘要：This paper empirically investigates the mechanism through which product market competition (PMC) affects disclosure quality of listed companies. Based on a sample of listed companies with disclosure quality report from Shenzhen Stock Exchange during 2003–2008, PMC is found to display a U-shaped relationship with disclosure quality, which demonstrates the strategic effect of PMC on disclosure quality. PMC is also found to enhance the board of directors’ role in disclosure quality, which demonstrates the governance effect of PMC on disclosure quality. These results enhance the understanding of the role of PMC on disclosure.
关键词：product market competition; board structure; disclosure quality; strategic effect; governance effect