MD&A Similarity with Local Industry Peers
| dc.contributor.advisor | Price, Richard | |
| dc.contributor.author | Wang, Yiding | |
| dc.contributor.committeeMember | Thomas, Wayne | |
| dc.contributor.committeeMember | Jensen, Kevan | |
| dc.contributor.committeeMember | Pan, Xuhui | |
| dc.date.accessioned | 2021-05-17T17:29:28Z | |
| dc.date.available | 2021-05-17T17:29:28Z | |
| dc.date.issued | 2021-05-14 | |
| dc.date.manuscript | 2021-05-14 | |
| dc.description.abstract | This study investigates the impact of interacted industry peer firms on management decisions regarding Management Discussion and Analysis (MD&A). Given that geographic industry clusters facilitate inter-organization interactions among its participants, I examine and find that industry peer firms from the same geographic industry clusters adopt more similar MD&A disclosures, and inter-firm social networks function as a channel that facilitates MD&A similarity among these interacted industry peers. In addition, the results suggest that MD&A similarity among local industry peers is moderated by market environments and varies among different types of firms. The further analyses show after firms relocate, their MD&As become more similar to those issued by the industry peers located in the new clusters, and firms contain more similar forward-looking MD&A disclosures with the industry peers from the same geographic industry clusters. The findings are consistent with the idea that interacted industry peer firms influence individual firms’ MD&A disclosure strategies. Finally, I provide initial evidence that MD&A similarity among industry peers is informative and is a desired attribute. Overall, this study advances our understanding of how managers prepare MD&A disclosure by exploring the convergence of MD&As among industry peers, and it extends the literature on voluntary disclosure and provides new insights on peer firm effects. | en_US |
| dc.identifier.uri | https://hdl.handle.net/11244/329600 | |
| dc.language | en_US | en_US |
| dc.subject | MD&A | en_US |
| dc.subject | Financial disclosure | en_US |
| dc.subject | Textual analysis | en_US |
| dc.thesis.degree | Ph.D. | en_US |
| dc.title | MD&A Similarity with Local Industry Peers | en_US |
| ou.group | Michael F. Price College of Business | en_US |
| shareok.nativefileaccess | restricted | en_US |