... of federal trade secrecy protections as a shock to both innovation and opacity incentives to assess the balance between the two channels. After implementation, firms demand higher skill levels for innovative jobs, consistent with protections spurring innovation. However, contextual specificity decreases...

... in a diminished role in transferring timely information about technological innovations. Collectively, these results shed light on how public disclosures can shape the managerial labor market by substituting private information flows between firms through DSM ties. Data Availability: The data used...

... 10 2024 24 10 2024 2025 disclosure Cournot and Bertrand competition innovation cost reduction We thank Jim Anton, Anil Arya, Qi Chen, Elia Ferracuti, Bill Mayew, Brian Mittendorf, Lin Qiu (Financial Accounting and Reporting Section (FARS) discussant), Rahul Vashishtha...

...Yen-Cheng Chang; Kevin Tseng; Tzu-Wen Yu ABSTRACT Access to firms’ innovation outputs determines the extent of knowledge spillover that poses risk to innovation appropriability. We provide plausibly causal evidence that processing costs of financial disclosures, which inform users of the economic...

... performance measurement systems (PMSs) reduces surrogation propensity in the context of product innovation and whether this effect varies depending on environmental dynamism. We conduct a 2 × 2 experiment and find that PMS flexibility significantly lowers managers' surrogation propensity when the business...

...Stephen A. Glaeser; Wayne R. Landsman ABSTRACT We examine how product market competition affects the disclosure of innovation. Theory posits that product market competition can cause firms to increase their disclosure of innovation to deter product market competitors. Consistent...

...Sterling Huang; Jeffrey Ng; Tharindra Ranasinghe; Mingyue Zhang ABSTRACT Successful innovations could induce more disclosure if the information asymmetry between the firm and its investors about post-innovation outcomes leads investors to demand more information. However, such innovations also...