GUO, RE-JIN; LEV, BARUCH; ZHOU, NAN - In: Journal of Accounting Research 42 (2004) 2, pp. 319-355
This study empirically examines the impact of various competitive cost proxies on the extent of product-related information disclosed by biotech initial public offerings (IPOs) in their prospectuses. The choice of biotech companies, which operate in a fiercely competitive environment,...