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Keywords: entry
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Journal Articles
Journal:
The Accounting Review
The Accounting Review 1–20.
Published: 11 December 2024
... individually incentivizes the firm to withhold favorable market news. However, we show that their joint presence can drastically change the disclosure equilibrium: the firm may voluntarily disclose good news seemingly in self-sabotage. Such disclosures attract entry, compelling the firm to yield its monopoly...
