Matches in SemOpenAlex for { <https://semopenalex.org/work/W2579815335> ?p ?o ?g. }
Showing items 1 to 85 of
85
with 100 items per page.
- W2579815335 abstract "In recent decades, the United States has become predominantly a knowledge-based economy, where investments in research and development intensify competition among firms in the knowledge space as well as in the product market space. While the implications of product market competition on corporate policies have been widely studied in the literature, we focus on the under-explored implications of technological competition on corporate disclosure policies. We find that firms facing more intense technological competition are more likely to redact material information from their 10-K filings. In addition, their annual reports are less readable, have a more negative tone, and contain more uncertain words. Our results suggest that firms provide less transparent disclosures when they face greater technological competition, presumably due to greater proprietary cost concerns. We also show that the corporate information environment is worse as evidenced by larger absolute analyst forecast errors, higher analyst forecast dispersion, greater stock illiquidity, greater stock turnover, and greater bid-ask spread when firms face more intensive technological competition. These results are more pronounced for more profitable firms where proprietary costs of disclosure are likely higher. We obtain all the results after controlling for a variety of product market competition measures, suggesting that the implications of technological competition on corporate disclosures and information environment are distinct from and incremental to those of product market competition. Our results are robust to using two natural experiments and using an instrumental variable approach to address the endogeneity concern of technological competition." @default.
- W2579815335 created "2017-01-26" @default.
- W2579815335 creator A5018817987 @default.
- W2579815335 creator A5025831008 @default.
- W2579815335 creator A5035537893 @default.
- W2579815335 creator A5052033264 @default.
- W2579815335 date "2016-12-15" @default.
- W2579815335 modified "2023-09-28" @default.
- W2579815335 title "Technological Competition and Redacted Disclosure" @default.
- W2579815335 hasPublicationYear "2016" @default.
- W2579815335 type Work @default.
- W2579815335 sameAs 2579815335 @default.
- W2579815335 citedByCount "0" @default.
- W2579815335 crossrefType "posted-content" @default.
- W2579815335 hasAuthorship W2579815335A5018817987 @default.
- W2579815335 hasAuthorship W2579815335A5025831008 @default.
- W2579815335 hasAuthorship W2579815335A5035537893 @default.
- W2579815335 hasAuthorship W2579815335A5052033264 @default.
- W2579815335 hasConcept C123336316 @default.
- W2579815335 hasConcept C127413603 @default.
- W2579815335 hasConcept C137996800 @default.
- W2579815335 hasConcept C139719470 @default.
- W2579815335 hasConcept C144133560 @default.
- W2579815335 hasConcept C149782125 @default.
- W2579815335 hasConcept C162324750 @default.
- W2579815335 hasConcept C18903297 @default.
- W2579815335 hasConcept C204036174 @default.
- W2579815335 hasConcept C2524010 @default.
- W2579815335 hasConcept C29122968 @default.
- W2579815335 hasConcept C33923547 @default.
- W2579815335 hasConcept C34447519 @default.
- W2579815335 hasConcept C40700 @default.
- W2579815335 hasConcept C556758197 @default.
- W2579815335 hasConcept C610760 @default.
- W2579815335 hasConcept C78519656 @default.
- W2579815335 hasConcept C86803240 @default.
- W2579815335 hasConcept C90673727 @default.
- W2579815335 hasConcept C91306197 @default.
- W2579815335 hasConceptScore W2579815335C123336316 @default.
- W2579815335 hasConceptScore W2579815335C127413603 @default.
- W2579815335 hasConceptScore W2579815335C137996800 @default.
- W2579815335 hasConceptScore W2579815335C139719470 @default.
- W2579815335 hasConceptScore W2579815335C144133560 @default.
- W2579815335 hasConceptScore W2579815335C149782125 @default.
- W2579815335 hasConceptScore W2579815335C162324750 @default.
- W2579815335 hasConceptScore W2579815335C18903297 @default.
- W2579815335 hasConceptScore W2579815335C204036174 @default.
- W2579815335 hasConceptScore W2579815335C2524010 @default.
- W2579815335 hasConceptScore W2579815335C29122968 @default.
- W2579815335 hasConceptScore W2579815335C33923547 @default.
- W2579815335 hasConceptScore W2579815335C34447519 @default.
- W2579815335 hasConceptScore W2579815335C40700 @default.
- W2579815335 hasConceptScore W2579815335C556758197 @default.
- W2579815335 hasConceptScore W2579815335C610760 @default.
- W2579815335 hasConceptScore W2579815335C78519656 @default.
- W2579815335 hasConceptScore W2579815335C86803240 @default.
- W2579815335 hasConceptScore W2579815335C90673727 @default.
- W2579815335 hasConceptScore W2579815335C91306197 @default.
- W2579815335 hasLocation W25798153351 @default.
- W2579815335 hasOpenAccess W2579815335 @default.
- W2579815335 hasPrimaryLocation W25798153351 @default.
- W2579815335 hasRelatedWork W155103711 @default.
- W2579815335 hasRelatedWork W2033963057 @default.
- W2579815335 hasRelatedWork W2054268287 @default.
- W2579815335 hasRelatedWork W2161444544 @default.
- W2579815335 hasRelatedWork W2168116082 @default.
- W2579815335 hasRelatedWork W2190502489 @default.
- W2579815335 hasRelatedWork W2339070399 @default.
- W2579815335 hasRelatedWork W2395190958 @default.
- W2579815335 hasRelatedWork W2476946075 @default.
- W2579815335 hasRelatedWork W2604000780 @default.
- W2579815335 hasRelatedWork W2605631944 @default.
- W2579815335 hasRelatedWork W2611890286 @default.
- W2579815335 hasRelatedWork W2901463025 @default.
- W2579815335 hasRelatedWork W2912358592 @default.
- W2579815335 hasRelatedWork W2920832468 @default.
- W2579815335 hasRelatedWork W2995694489 @default.
- W2579815335 hasRelatedWork W3125391335 @default.
- W2579815335 hasRelatedWork W3131609052 @default.
- W2579815335 hasRelatedWork W3150141769 @default.
- W2579815335 hasRelatedWork W3160752752 @default.
- W2579815335 isParatext "false" @default.
- W2579815335 isRetracted "false" @default.
- W2579815335 magId "2579815335" @default.
- W2579815335 workType "article" @default.