-shaped relationship with clarity if competition among traders is intense. Volume and liquidity both decrease in accuracy due to adverse … increasing in accuracy. Trading profits mimic the patterns of attention, but only under intense competition. Overall, our results …

identification, we analyze several sources of cross-sectional variation in these patterns, the degree of competition and the sign and …

This study examines the effect of product market competition on managerial disclosure of earnings forecasts using large … reductions in U.S. import tariff rates to identify an exogenous increase in competition for domestic firms in U.S. product … findings are consistent with competition from existing rivals reducing voluntary disclosure through increased proprietary costs …

' competitiveness by inducing competitors to take actions. To capture firm-level variation in product market competition, we rely on the … rivals of non-disclosing firms, and that competition between an acquirer and rivals increases both when the acquirer …

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 …

In this paper, we argue that the influence product market competition exerts on disclosure is defined by the combined … effect of the incentives and disincentives to disclose raised by the multiple competition dimensions. We distinguish between … firm and industry level competition measures, and we hypothesize that the former raises agency and proprietary costs …

This study examines how firms' voluntary disclosure decisions are influenced by product market competition. Using … separate measures to capture different dimensions of competition, I show that competition from potential entrants increases … disclosure quantity while competition from existing rivals decreases disclosure quantity. I also find that competition enhances …

competition discourage the disclosure of advertising expenses …