We investigate the relation between perceived competition and voluntary disclosure in the absence of capital market incentives by examining private UK companies, which have the option to withhold sales and costs of sales information from their publicly-filed accounts. We survey managers about...

Empirical results presented in this paper indicate that large auditors are more accurate than small auditors. DeAngelo (1981) has argued that large auditors have more incentive to maintain a reputation for accurate auditing because an audit failure may lead to a loss of rents due to auditor...