Financial accounting affords considerable discretion to firms in aggregating internal information for external … studying whether withholding disaggregated cost information affects productivity. We hypothesize that, by withholding, a firm … between firms about their cost structures. Overall, our findings indicate disaggregated cost information is valuable to firms …

use it because of the perceived benefits, while some go along with the industry standards. The purpose of this paper is to …

In theory, uncertainty and sunk costs can influence industry dynamics through the option value and financing … constraints channels. Empirical evaluation of these models in the context of industry dynamics are, however, at a nascent stage … industries and (iv) marginally increases industry output concentration. Addressing the recent literature, we also control for …