... 05 2024 31 05 2024 2024 corporate innovation research and development patents EDGAR financial reporting disclosure processing costs proprietary costs dissemination costs Supplemental material is available online, as linked in the text. Editor’s note: Accepted...

... value of innovation, play a key role in firms’ management of knowledge spillover. We exploit an exogenous, randomly assigned, and staggered policy shock by the SEC that reduces processing costs of mandatory financial disclosures. In response, firms reduce patenting rates, with the effect concentrated...

... quality investment efficiency real effects myopia earnings response coefficient accounting measurements intangible investments patents innovations What is the role of financial reporting for the level, allocation, and efficiency of intangible investments? The question is important...

... with this reasoning, we find that patent applicants in more competitive industries voluntarily accelerate their patent disclosures, which are credibly disclosed via the United States Patent and Trademark Office. Our inferences are robust to using changes in industry-level import tariffs as sources of plausibly...

... likely entail greater proprietary cost concerns, which deter disclosure. This paper uses patent grants to examine the effect of innovation success on management guidance behavior. We find that more management guidance follows patent grants, suggesting that despite disclosure cost concerns, firms...