With the advancement of the 14th Five-Year Plan to build a high-level socialist market economic system, the strategic positioning of corporate and whether it can meet the information needs of stakeholders has entered the public’s field of vision. The paper selects China’s A-share non-financial listed companies from 2010 to 2020 as the research sample, and explores the relationship between strategic aggressiveness and voluntary information disclosure from the perspectives of financial information and non-financial information. The study found that voluntary disclosure of financial information by companies is more in line with the compensation effect, and voluntary disclosure of non-financial information is more in line with the crowding-out effect, while information asymmetry and social responsibility assume varying degrees of intermediary effects in the relationship between the two. After using propensity score matching method and instrumental variable method to eliminate the interference of endogenous problems, the conclusion of this paper is still valid.