The Effect of Patent Disclosure Quality on Innovation

Dyer, Travis; Glaeser, Stephen; Lang, Mark H.; Sprecher, Caroline

doi:10.2139/ssrn.3711128

Cited by 6 publications

(2 citation statements)

References 74 publications

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“…Last, our study proposes a new method for measuring corporate disclosure specificity. Prior research has used three approaches: (1) an indicator of whether information is quantitative (Bamber & Cheon, 1998; Leone et al, 2007); (2) the prevalence of named entities in text (e.g., person, location, and organization; Dyer et al, 2017, 2020; Hope et al, 2016); and (3) the degree of dissimilarity between a firm's disclosure and those of its peers (Brown et al, 2018). We measure specificity as the proportion of skills disclosed with most granularity in a hierarchical system; this method is applicable to some research settings.…”

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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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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“…Several recent studies examine the effects of financial reporting and patent disclosure on peer firms’ innovation (e.g., Kim and Valentine [2021], Breuer, Leuz, and Vanhaverbeke [2022], Dyer et al. [2023], Hegde, Herkenhoff, and Zhu [2023]). My study adds to this literature in two ways.…”

Section: Introductionmentioning

confidence: 99%

Corporate R&D Investments Following Competitors’ Voluntary Disclosures: Evidence from the Drug Development Process

ZHANG

2023

J of Accounting Research

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This paper examines the role of peer firm disclosures in shaping corporate R&D investments. Drawing on models of two‐stage R&D races, I hypothesize that a firm could be either deterred or encouraged by peer disclosure of interim R&D success, depending on peer firms’ R&D strength in the race. Using granular, project‐level data on clinical trials in the drug development process, I find that a firm's R&D investments in a specific therapeutic area are deterred by disclosures of early‐phase trial initiation from strong rivals in the same area but encouraged by disclosures from weak rivals. Cross‐sectional analyses show that focal firm strength and disclosure relevance moderate the effects of peer firm disclosure. Overall, my evidence suggests that peer firms’ R&D disclosures can have both proprietary costs and deterrence benefits.This article is protected by copyright. All rights reserved

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