We analyze how, in the absence of capital market incentives, the influence of existing competition on voluntary … the sign of the relationship between competition and the probability of voluntary disclosure throughout the industry …

-announcements. In addition, we show that, the equilibrium real actions and welfare in Cournot competition reach a maximum value when pre … Bertrand competition.We also examine the equilibrium with discretionary pre-announcements. We find that, in Cournot competition … not. In Bertrand competition, however, the equilibrium is contingent on the observability of the disclosure policies. If …

We examine how biased financial reports (managed earnings) affect product market competition and how product market … competition affects incentives to bias financial reports in a model with fully rational firms. We find that Cournot competitors …

submission to market, and quality. High competition conditions and change in customer expectations have shortened life span of … competition power of a product, are shaped at the stage of design to a high extent. Designers act with the awareness that they … affect not only current costs; but the upcoming costs as well, and should design products with high competition power in the …

Recent economics literature shows renewed interest in models of Bertrand competition with cost uncertainty. We continue … Bertrand competition. We also allow firms to make an investment to decrease the variance of their cost signals. Our results …

This study investigates the effect of product market competition on the overreaction to intra-industry information … announcements of early peers. I find that investors overreact to information transfers in higher product market competition. In … that product market competition can lead to stock market mispricing in the context of information transfers …

measures how well traders understand the disclosure. Increasing clarity promotes competition among informed traders more so … competition among traders is intense. Volume and liquidity both decrease in accuracy due to adverse selection among different …. Trading profits mimic the patterns of attention, but only under intense competition. Overall, our results suggest that the …