Government Quality, Market Competition, and Voluntary Disclosure: Evidence from China
Yin Zhang, Xiaomin Ma
In this paper, we use the database (2007-2010) to examine the impact of government quality on voluntary disclosure of listed companies. We argue that in the emerging market, the listed companies how to consider the effect of government quality. We found that the relationship between government quality and voluntary disclosure is positive, it is to say, the region in which high government quality will push the listed companies to disclose more information. Then we examine how market competition impact on the relationship between government quality and voluntary disclosure. We found that the relationship varies in different degrees of competition, the fiercer market competition, the smaller the compact of government quality on voluntary disclosure.
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