| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w26291 |
| 来源ID | Working Paper 26291 |
| Reporting Regulation and Corporate Innovation | |
| Matthias Breuer; Christian Leuz; Steven Vanhaverbeke | |
| 发表日期 | 2019-09-23 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | We investigate the impact of reporting regulation on corporate innovation. Exploiting thresholds in Europe’s regulation and an enforcement reform in Germany, we find that forcing firms to publicly disclose their financial statements reduces the total number of innovating firms in the industry, but not total innovation spending. Our findings suggest that reporting regulation imposes proprietary costs on innovative firms, especially smaller ones, thereby discouraging their innovation activity. At the same time, reporting regulation provides positive information spillovers to other firms (e.g., competitors, suppliers, and customers), especially larger ones, thereby concentrating innovation spending among a few large firms. Thus, financial reporting regulation has aggregate and distributional effects on corporate innovation that are important to consider by policy makers. |
| 主题 | Other ; Law and Economics ; Industrial Organization ; Regulatory Economics ; Accounting, Marketing, and Personnel ; Development and Growth ; Growth and Productivity |
| URL | https://www.nber.org/papers/w26291 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/583964 |
| 推荐引用方式 GB/T 7714 | Matthias Breuer,Christian Leuz,Steven Vanhaverbeke. Reporting Regulation and Corporate Innovation. 2019. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w26291.pdf（1845KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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