Deterrent Disclosure

Glaeser, Stephen; Landsman, Wayne R.

doi:10.2308/tar-2019-1050

Cited by 83 publications

(22 citation statements)

References 78 publications

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“…The authors propose a measure of "technology spillover" for the former and a measure of "product market rivalry" for the latter. Qiu and Wan (2015) call both measures "technological competition," and S. Glaeser and Landsman (2021) call the former measure "technological competition" and construct an alternative measure by counting citations of a sample firm's patents. Both technology spillover and patent citations reflect relationships in the technology space, not in the product market space.…”

Section: Methodsmentioning

confidence: 99%

“…For example, S. Cao et al (2018) find a negative association between technological competition and product disclosure but no association between technological competition and management earnings forecasts. S. Glaeser and Landsman (2021) report that firms with intense product market competition accelerate the public dissemination of their patent applications. Our study documents a distinct setting in which technological competition spurs detailed disclosure of skill requirements for tech positions.…”

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confidence: 99%

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Technological peer pressure and skill specificity of job postings

Cao

Cheng

Tucker

et al. 2023

Contemporary Accting Res

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Human capital is a major impetus for technological innovation. We examine the relation between the technological dimension of product market competition and the disclosure of skill requirements in job postings. On the one hand, technological competition may raise the urgency of recruiting tech talent and make firms provide more specific skill requirements. On the other hand, technological competition can increase the proprietary costs of skill requirement disclosure. Using technological peer pressure as a measure of technological competition, we find that firms facing intense technological competition provide more specific skill requirements for tech positions, suggesting that the disclosure benefits outweigh the proprietary costs when firms face pressure to innovate. The effect of technological peer pressure is more pronounced among firms that make only incremental innovations and less pronounced among firms that rely on trade secrets or have greater industry peer presence in close geographical proximity. Our study documents a distinct relationship between technological competition and voluntary disclosure targeted to labor market participants.

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Section: Methodsmentioning

confidence: 99%

mentioning

confidence: 99%

Technological peer pressure and skill specificity of job postings

Cao

Cheng

Tucker

et al. 2023

Contemporary Accting Res

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“…, 2021); and meso-market characteristics such as product market competition (Aghion et al. , 2005; Glaeser and Landsman, 2021), banking competition (Chava et al. , 2013; Cornaggia et al.…”

Section: Literature Reviewmentioning

confidence: 99%

“…, 2013; Cornaggia et al. , 2015; Dai et al ., 2021; Glaeser and Landsman, 2021) and macro-institutional characteristics (Hsu et al. , 2014; Acharya et al.…”

Section: Introductionmentioning

confidence: 99%

Customers' annual report tone and suppliers' innovation decisions: evidence from China

Xin

Zeng

Luo

2022

EJIM

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PurposeThis paper examines whether and how customers' annual report tone affects suppliers' innovation decisions.Design/methodology/approachUsing the data from disclosed information on top five customers and annual report tone by Chinese listed firms, this paper used a two-way fixed effect model and intermediary effect model tests to explore the impact of customers' annual report tone on suppliers' innovation decisions.FindingsThe results indicate that the more positive the tone of customer annual reports is, the higher the suppliers' technological innovation level. The customers' annual report tone affects suppliers' innovation decisions through alleviating financing constraints and reducing the bullwhip effect. In addition, the authors find that the worse the supplier's bargaining power and the higher the customer's media coverage, the more significant the impact of positive customer annual report tone on the level of corporate technological innovation.Practical implicationsFor downstream customers, to improve the quality of their text information disclosure. For upstream suppliers, the tone of customers' annual reports has incremental information, so the attention to customers' text information should be strengthened. As far as the market is concerned, it is recommended that regulators should strictly require the quality of text information disclosure and introduce relevant penalty mechanisms better to regulate the quality of corporate text information disclosure.Originality/valueTo the best of the author's knowledge, this paper is the first to expand the research related to textual information from a supply chain innovation perspective. The textual information can provide incremental information, and spillover effects may occur among supply chains, affecting suppliers' innovation decisions. And it clarifies the specific mechanism by which the supply chain tone spillover effect affects corporate innovation, enriching the relevant research on supply chain influence mechanisms.

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“…https://www.sec.gov/Article/whatwedo.html.12 Bloomfield and Tuijn (2019) andGlaeser and Landsman (2021) document evidence that capacity and patent disclosures by public firms can discourage import competition by signaling product market strength. Our results suggest that the information produced by public firm…”

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confidence: 99%

Public Firm Presence, Financial Reporting, and the Decline of U.S. Manufacturing

Glaeser

Omartian

2022

J of Accounting Research

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We examine the relation between public firm presence and import competition. The information created by public firm presence may provide importers with insights they can use for competing with domestic firms. Consistent with this possibility, we document a positive relation between public firm presence and import competition. We find similar results when using differences in the expected costs of the Sarbanes‐Oxley Act as a source of plausibly exogenous variation in public firm presence after the act. We use differences in the proportion of German firms reporting publicly around a major enforcement reform as a natural mechanism experiment, and find evidence that financial reporting is a channel through which public firm presence relates to import competition. Additional mechanism tests and a falsification test estimated in the United Kingdom, where public and most private firms report publicly, further support this inference. In total, our evidence is consistent with foreign competitors using the information created by public firm presence, including what public firms disclose in financial reports, to compete with domestic firms. Consequently, our results provide evidence of competitors using the proprietary information disclosed in financial reports to compete with the disclosing firms and of information frictions affecting trade.

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Deterrent Disclosure

Cited by 83 publications

References 78 publications

Technological peer pressure and skill specificity of job postings

Technological peer pressure and skill specificity of job postings

Customers' annual report tone and suppliers' innovation decisions: evidence from China

Public Firm Presence, Financial Reporting, and the Decline of U.S. Manufacturing

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