We develop a game-theoretic framework for the study of competition between firms who have budgets to "seed'' the …

We investigate whether pledgee competition affects the disclosure choice of firms whose controlling shareholders pledge … their shares. We find that pledgee competition is positively related to pledge firms' annual report tone management. This …. Further corroborating our results, higher pledgee competition increases the future crash risk of pledge firms. Collectively …

employment. The increasing competition through globalisation puts them under considerable pressure. Through the rapid spread of … Beschäftigung. Allerdings werden sie durch den wachsenden Wettbewerb im Rahmen der Globalisierung unter erheblichen Druck gesetzt …