We examine the role of industry-level product market competition on non-GAAP disclosure decisions. We consider … traditional measures of industry competition (concentration, price-cost margin, and set up costs), and large reductions in import … tariff rates that identify an exogenous increase in competition. We find that competition intensity influences the likelihood …

This paper investigates the impact of disclosure regulation on import competition. Using the segment disclosure … markets, I uncover an increase in U.S. import competition at the industry level. Consistent with foreign competition, the … effect is more pronounced in industries with high labor intensity and in industries with low competition, where foreign firms …

We study empirically how competition among high-frequency traders (HFTs) affects their trading behavior and market …-frequency competition, and contains an exogenous event - a tick size reform - which we use to disentangle the effects of the rising share of … high-frequency trading in the market from the effects of high-frequency competition. We find that when HFTs compete, their …

The impact of significant competition factors on the riskiness of business risk in the SMEs sector in the Czech …