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We investigate the effect of patent disclosures on corporate innovation. Using the American Inventor's Protection Act … (AIPA) as a shock that increased patent disclosures, we find an increase in innovation for firms whose rivals reveal more … facilitate a firm's innovation. However, we also highlight that mandatory patent disclosures can impose proprietary costs on …
Persistent link: https://www.econbiz.de/10012847323
more innovation disclosure in conference calls relative to their industry peers, controlling for the overall level and … environmental scrutiny with increased innovation disclosure, consistent with companies disclosing more to improve their … sustainability reputation. Moreover, green patenting firms providing innovation disclosure enjoy increases in environment- and …
Persistent link: https://www.econbiz.de/10014258334
between the enforcement of a secrecy order and follow-on inventions, as captured with patent citations and text-based measures … inventions in the same technological field as the secreted patent …
Persistent link: https://www.econbiz.de/10012838545
weight in the design of the patent system because patented inventions would have been disclosed anyway. Even the few legal … improving this technical content (and researchers' ability to find and use it) likely outweighs any resulting loss in innovation …
Persistent link: https://www.econbiz.de/10013008705
This paper reviews the literature on the real effects of financial reporting and disclosure on corporate innovation … effects. We discuss the concept of innovation, emphasising the specific characteristics that make investments in innovation … difficult to report. We then provide a review of the nascent work relating disclosure to innovation, which we organise around …
Persistent link: https://www.econbiz.de/10012834771
This paper examines how earnings performance relates to firms' narrative R&D disclosure decisions. The unique nature of R&D investments and financial statements' limited ability to communicate the value of such investments highlight the role of narrative disclosure as a supplement to the...
Persistent link: https://www.econbiz.de/10013066964
Encouraging organizations to be more open has been a key issue in contemporary debates over nonprofit accountability. However, our understanding of what motivates organizations to the disclosure decision is weak. We aim to enhance our understanding of this critical issue by developing and...
Persistent link: https://www.econbiz.de/10013105953
Asymmetric information is a fundamental friction that results in mismatches and efficiency losses in the labor market. In this paper, we posit that more disaggregated financial disclosure from a CEO candidate's prior employer can help the hiring firm better assess the possible fit between its...
Persistent link: https://www.econbiz.de/10012823948
We construct four voluntary disclosure and two mandatory disclosure measures for 260,880 firm-quarters from 2005 through 2016 using 8K data. The first voluntary disclosure measure is the count of 8Ks, a proxy used in prior studies. The second and third voluntary disclosure measures are the count...
Persistent link: https://www.econbiz.de/10012849848
We study the descriptiveness of the “unravelling” prediction in the 1890s streetcar industry. In this historical setting, capital-intensive streetcar companies gain the opportunity to disclose their earnings to dispersed investors via a new, quarterly newspaper supplement. We document that a...
Persistent link: https://www.econbiz.de/10013242208