Publication: Experts or rivals: Mimicry and voluntary disclosure
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Publication date
2017-04-01
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Tutors
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Publisher
Elsevier
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Export
Abstract
This study explores the effect of firm experience and competition on individual firms' motivation to imitate the
voluntary disclosure practices of reference firms in product markets. Using Spain's newspaper industry from
1966 to 1993, the empirical findings showthat the more experienced firms are, the less likely they are to imitate
the disclosure practices of other better-informed organizations. Likewise, more experienced firms show a lower
propensity to follow the disclosure practices adopted by the firms on their business segment. By contrast, firms
operating in more competitive markets have greater incentives to mimic the disclosure behavior of rival organizations.
This article concludes that firmexperience and the degree of competition in themarket are likely tomoderate
a firm's incentives to imitate the voluntary disclosure practices of other organizations. Furthermore, the
results indicate that the effects of these two factors are not mutually exclusive but rather complementary.
Description
Keywords
Imitation, Experience, Competition, Voluntary disclosure, Newspaper, Interorganizational imitation, Discretionary disclosure, Firms imitate, Industry, Sustainability, Consequences, Determinants, Motivations, Performance, Diffusion
Bibliographic citation
Cano-Rodríguez, M., Márquez-Illescas, G., & Núñez-Níckel, M. (2017). Experts or rivals: Mimicry and voluntary disclosure. Journal of Business Research, 73, pp. 46-54.