Intellectual Property Rights, Holdup, and the Incentives for Innovation Disclosure

Glaeser, Stephen; Park, Stella Y.

doi:10.2139/ssrn.3724041

Cited by 5 publications

(1 citation statement)

References 68 publications

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“…Our study answers these calls by examining job postings—the first step in acquiring human capital. Recent accounting research examines voluntary disclosure that is affected by employees' bargaining power (Bova et al, 2015) or is issued to influence negotiations with labor unions (Bova, 2013); corporate disclosure of patent applications after intellectual property rights shift from employees to employers (Armstrong et al, 2020); the impact of financial reporting quality on human capital investment efficiency and worker compensation (Choi et al, 2021; Jung et al, 2014); and the daily change in a firm's number of active job postings as a predictor of future accounting performance (Gutiérrez et al, 2021). We examine the disclosure of skill requirements to prospective employees via job postings.…”

Section: Introductionmentioning

confidence: 99%

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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