The effects of disclosure regulation on innovative firms: common values
Abstract: "Firms in an R&D race actively manage rivals' beliefs by disclosing and concealing information on their cost of investment. The firms' disclosure strategies affect their incentives to invest in R&D, and to acquire information. We compare...
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Abstract: "Firms in an R&D race actively manage rivals' beliefs by disclosing and concealing information on their cost of investment. The firms' disclosure strategies affect their incentives to invest in R&D, and to acquire information. We compare equilibria under voluntary disclosure with those under mandated disclosure in a model with perfect positive correlation among the firms' cost of investment. Under voluntary disclosure firms disclose bad news, and conceal good news to discourage their rival. Under mandatory disclosure firms typically expect higher profits for given information acquisition investments, but they acquire less information." (author's abstract)
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Entwicklung des Forschungs- und Entwicklungspotenzials im Wirtschaftssektor des Freistaates Sachsen 1996 bis 2000 unter besonderer Berücksichtigung der Mikroelektronik und der Biotechnologie
[Bericht der EuroNorm-Gesellschaft für Qualitätssicherung und Innovationsmanagement mbH]
