Employee mobility, noncompete agreements, product-market competition, and company disclosure
| العنوان: | Employee mobility, noncompete agreements, product-market competition, and company disclosure |
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| المؤلفون: | Daniel Aobdia |
| المصدر: | Review of Accounting Studies. 23:296-346 |
| بيانات النشر: | Springer Science and Business Media LLC, 2017. |
| سنة النشر: | 2017 |
| مصطلحات موضوعية: | 050208 finance, Product market, business.industry, 05 social sciences, Accounting, Negative association, 050201 accounting, Competitor analysis, General Business, Management and Accounting, Competition (economics), Corporate finance, 0502 economics and business, Information leakage, Business, Enforcement, Capital market, Industrial organization, Public finance |
| الوصف: | This study explores the impact on companies’ disclosures of U.S. states’ different propensities to enforce noncompete agreements. I find a negative association between a state’s enforcement of noncompete agreements and disclosure activities of firms headquartered in that state. Companies that face local rivals drive some results. Analyses that focus on several state-level changes in enforcement level of noncompete agreements confirm this association. Overall, the findings are consistent with a higher enforcement of noncompete agreements increasing proprietary costs of disclosure, because companies in high-enforcement settings are less informed about each other due to reduced information leakage from employee transfers across competitors. The results suggest that the overall environment for information spillovers surrounding a firm impacts its degree of disclosure to the capital markets and that state-specific enforcement of noncompete agreements can be used as a novel measure of the proprietary costs of disclosure. |
| تدمد: | 1573-7136 1380-6653 |
| URL الوصول: | https://explore.openaire.eu/search/publication?articleId=doi_dedup___::60741892e928d73c0221a9dee2b9496e https://doi.org/10.1007/s11142-017-9425-z |
| حقوق: | CLOSED |
| رقم الأكسشن: | edsair.doi.dedup.....60741892e928d73c0221a9dee2b9496e |
| قاعدة البيانات: | OpenAIRE |
| تدمد: | 15737136 13806653 |
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