Matches in SemOpenAlex for { <https://semopenalex.org/work/W2618109675> ?p ?o ?g. }
Showing items 1 to 85 of
85
with 100 items per page.
- W2618109675 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.
- W2618109675 created "2017-06-05" @default.
- W2618109675 creator A5018817987 @default.
- W2618109675 creator A5025831008 @default.
- W2618109675 creator A5035537893 @default.
- W2618109675 creator A5052033264 @default.
- W2618109675 date "2017-05-31" @default.
- W2618109675 modified "2023-09-23" @default.
- W2618109675 title "Technology Spillover and Corporate Disclosure Transparency" @default.
- W2618109675 hasPublicationYear "2017" @default.
- W2618109675 type Work @default.
- W2618109675 sameAs 2618109675 @default.
- W2618109675 citedByCount "0" @default.
- W2618109675 crossrefType "posted-content" @default.
- W2618109675 hasAuthorship W2618109675A5018817987 @default.
- W2618109675 hasAuthorship W2618109675A5025831008 @default.
- W2618109675 hasAuthorship W2618109675A5035537893 @default.
- W2618109675 hasAuthorship W2618109675A5052033264 @default.
- W2618109675 hasConcept C106866004 @default.
- W2618109675 hasConcept C123336316 @default.
- W2618109675 hasConcept C127413603 @default.
- W2618109675 hasConcept C137996800 @default.
- W2618109675 hasConcept C139719470 @default.
- W2618109675 hasConcept C144133560 @default.
- W2618109675 hasConcept C149782125 @default.
- W2618109675 hasConcept C162324750 @default.
- W2618109675 hasConcept C17744445 @default.
- W2618109675 hasConcept C18903297 @default.
- W2618109675 hasConcept C199539241 @default.
- W2618109675 hasConcept C204036174 @default.
- W2618109675 hasConcept C2780233690 @default.
- W2618109675 hasConcept C29122968 @default.
- W2618109675 hasConcept C34447519 @default.
- W2618109675 hasConcept C40700 @default.
- W2618109675 hasConcept C556758197 @default.
- W2618109675 hasConcept C610760 @default.
- W2618109675 hasConcept C78519656 @default.
- W2618109675 hasConcept C86803240 @default.
- W2618109675 hasConcept C91306197 @default.
- W2618109675 hasConceptScore W2618109675C106866004 @default.
- W2618109675 hasConceptScore W2618109675C123336316 @default.
- W2618109675 hasConceptScore W2618109675C127413603 @default.
- W2618109675 hasConceptScore W2618109675C137996800 @default.
- W2618109675 hasConceptScore W2618109675C139719470 @default.
- W2618109675 hasConceptScore W2618109675C144133560 @default.
- W2618109675 hasConceptScore W2618109675C149782125 @default.
- W2618109675 hasConceptScore W2618109675C162324750 @default.
- W2618109675 hasConceptScore W2618109675C17744445 @default.
- W2618109675 hasConceptScore W2618109675C18903297 @default.
- W2618109675 hasConceptScore W2618109675C199539241 @default.
- W2618109675 hasConceptScore W2618109675C204036174 @default.
- W2618109675 hasConceptScore W2618109675C2780233690 @default.
- W2618109675 hasConceptScore W2618109675C29122968 @default.
- W2618109675 hasConceptScore W2618109675C34447519 @default.
- W2618109675 hasConceptScore W2618109675C40700 @default.
- W2618109675 hasConceptScore W2618109675C556758197 @default.
- W2618109675 hasConceptScore W2618109675C610760 @default.
- W2618109675 hasConceptScore W2618109675C78519656 @default.
- W2618109675 hasConceptScore W2618109675C86803240 @default.
- W2618109675 hasConceptScore W2618109675C91306197 @default.
- W2618109675 hasOpenAccess W2618109675 @default.
- W2618109675 hasRelatedWork W2144085682 @default.
- W2618109675 hasRelatedWork W2161163628 @default.
- W2618109675 hasRelatedWork W2164981017 @default.
- W2618109675 hasRelatedWork W2298539452 @default.
- W2618109675 hasRelatedWork W2486894237 @default.
- W2618109675 hasRelatedWork W2612169193 @default.
- W2618109675 hasRelatedWork W2763425814 @default.
- W2618109675 hasRelatedWork W2925408424 @default.
- W2618109675 hasRelatedWork W2993574303 @default.
- W2618109675 hasRelatedWork W3007466462 @default.
- W2618109675 hasRelatedWork W3011707401 @default.
- W2618109675 hasRelatedWork W3011911410 @default.
- W2618109675 hasRelatedWork W3106847779 @default.
- W2618109675 hasRelatedWork W3121524689 @default.
- W2618109675 hasRelatedWork W3124263526 @default.
- W2618109675 hasRelatedWork W3124719647 @default.
- W2618109675 hasRelatedWork W3166181296 @default.
- W2618109675 hasRelatedWork W3189755237 @default.
- W2618109675 hasRelatedWork W912590324 @default.
- W2618109675 hasRelatedWork W3123982371 @default.
- W2618109675 isParatext "false" @default.
- W2618109675 isRetracted "false" @default.
- W2618109675 magId "2618109675" @default.
- W2618109675 workType "article" @default.