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Did R&D Firms Used to Patent?Evidence from the First Innovation Surveys
Research and Development Patents Surveys Innovation and Invention Geographic Location
2015/5/13
Matching 2,777 R&D firms in surveys conducted by the National Research Council between 1921 and 1938 with U.S. patents reveals that 59 percent of all firms and 88 percent of publicly-traded firms pate...
Playing Favorites:How Firms Prevent the Revelation of Bad News
Information Strategy Ethics
2015/4/28
We explore a subtle but important mechanism through which firms manipulate their information environments. We show that firms control information flow to the market through their specific organization...
Capital Market Consequences of Linguistic Complexity in Conference Calls of Non-U.S. Firms
Voluntary Disclosure Capital Market Consequences Non-Plain English Communication Intention and Meaning
2015/4/27
We examine how linguistic complexity affects the capital market reaction to information disclosures. We define linguistic complexity as the use of non-plain English stemming from language barriers. Us...