Title
Business Strategy and Intra-Industry Information Transfers
Document Type
Article
Publication Date
2017
Abstract
This study examines whether business strategy affects information transfers from one firm to its industry peers. I use Miles and Snow’s (1978, 2003) organizational typology to classify firms along a continuum with innovative ‘prospector’ firms at one end and stable low-growth ‘defender’ firms at the other. When a firm announces its earnings, the information transfer to other peer firms in the same industry is weaker (stronger) when the announcing firm is a prospector (defender). In addition, information transfers from the announcing firm to industry peers are weaker (stronger) when the industry peer is a prospector (defender). Taken together, the evidence in this paper suggests that firms’ business strategies affect the strength of information transfers.
Publication Title
Accounting and Finance Research
Recommended Citation
Guo, P.
(2017).
Business Strategy and Intra-Industry Information Transfers.
Accounting and Finance Research,
6(3).
http://doi.org/10.5430/afr.v6n3p1
Retrieved from: https://digitalcommons.mtu.edu/business-fp/404
Publisher's Statement
Copyright © Sciedu Press. Publisher's version of record: https://doi.org/10.5430/afr.v6n3p1