reducing liquidity. Furthermore, risk information causes the firm's price to contain more information when its investment …

mandatory segment reporting in the U.S., we uncover a reduction in investment-q sensitivity, indicating lower investment … and lower financing constraints. Constrained firms exhibit no change in investment-q sensitivity, suggesting that they …

the information structure, the mode of competition, and the degree of product differentiation. Moreover, in our experiment …

We analyze a model of competition in Bayesian persuasion in which multiple symmetric senders vie for the patronage of a …

We analyze a model of competition in Bayesian persuasion in which two senders vie for the patronage of a receiver by … approaches its maximum possible value, the competition becomes so intense that both senders engage in full disclosure in the …

-disclosure as bad news, leading to the failure of complete unravelling. This paper experimentally examines whether competition … examine whether receivers' naivety about non-disclosed information decreases with competition between senders. We find that … complete unravelling fails to occur without competition. However, with competition, there is significantly higher unravelling …

to more disclosure but depends on the level of competition in the market. Conversely, increasing competition does not …

-disclosure as bad news, leading to the failure of complete unravelling. This paper experimentally examines whether competition … examine whether receivers' naivety about non-disclosed information decreases with competition between senders. We find that … complete unravelling fails to occur without competition. However, with competition, there is significantly higher unravelling …