Perotti, Enrico C.; Thadden, Ernst-Ludwig von - Fondazione ENI Enrico Mattei (FEEM) - 1999
This paper studies product market competition under a strategic transparency decision. Dominant investors can influence … information collection in the financial market, and thereby corporate transparency, by affecting market liquidity or the cost of … information collection. More transparency on a firm's competitive position has both strategic advantages and disadvantages: in …