The purpose of this study is to examine the degree and type of information the company holds on training, and to what extent the lack‐of‐information firms suffer in two senses, information on managerial resources and information on training supply, tends to condition their behavior vis‐à‐vis management training. Data from more than 300 Spanish companies with 50 or more workers are used to examine the connection between information asymmetries and company behavior in relation to continuous management training. The empirical study revealed that company readiness to engage in continuous management training appears to be significantly conditioned by all variables related to the existence of information on managers and training supply. Based on these results, underinvestment in managerial training would be associated with those cases in which information is unavailable or not distributed uniformly and transparently. This study contributes to the existing training literature by providing a novel link between information asymmetries (firm managers; firm training offerings) and their ability to influence training investment rates. © 2012 Wiley Periodicals, Inc.