Linking industry concentration to proprietary costs and disclosure: Challenges and opportunities

• 成果类型: Article
• 署名作者: Lang, Mark; Sul, Edward
• 署名单位: University of North Carolina; University of North Carolina Chapel Hill
• 刊物名称: JOURNAL OF ACCOUNTING & ECONOMICS
• ISSN/ISSBN: 0165-4101
• DOI: 10.1016/j.jacceco.2014.08.008
• 发表日期: 2014
• 关键词: segment disclosures; COMPETITION; environment; MARKET

摘要

Despite a substantial literature linking industry concentration, proprietary costs and disclosure, existing evidence is mixed. We discuss three challenges to the literature: lack of strong theoretical predictions, difficulty in measuring relevant aspects of industry concentration and difficulty in identifying disclosures that are likely to carry significant proprietary costs. We link each of the issues to the findings in Ali et al. (2014) and identify potential opportunities for future research. (C) 2014 Elsevier B.V. All rights reserved.