We review the accounting literature on innovation, focusing on the attributes of innovation
that collectively make it unique from other resources: novelty, nonrivalry, and partial …

We investigate the impact of reporting regulation on corporate innovation activity. Exploiting
thresholds in Europe's regulation and a major enforcement reform in Germany, we find that …

We examine the spillover effect of public firm disclosures on the patent trading market. The
patent market is rife with information frictions, yet can potentially facilitate the reallocation of …

We investigate the relationship between private firms' disclosures and the demand for the
equity of their publicly traded peers. Using data on the global movement of portfolio …

This study examines whether and how financial statement comparability facilitates the
dissemination of innovative knowledge between firms and stimulates the creation of new …

Access to firms' innovation outputs determines the extent of knowledge spillover that poses
risk to innovation appropriability. We provide plausibly causal evidence that processing …

We investigate the impact of uneven transparency regulation across countries and industries
on the location of economic activity. Using two distinct sources of regulatory variation—the …

I develop a general equilibrium model to examine the innovation and welfare effects of
expanding mandatory financial disclosure to a broader set of firms. In the model, disclosure …

This paper uses detailed administrative records to develop an ex ante indicator to identify
innovative potential in newly established firms and to evaluate the importance of accounting …

Small businesses are a critical component of private sector activity, yet many face financial
shortfalls that inhibit job creation, investment spending, and growth. We examine the …