東華大學圖書館 |

Language: English

Help

回圖書館首頁

手機版館藏查詢

Back

Switch To: Labeled | MARC Mode | ISBD

Innovation and Welfare Impacts of Di...

Yang, Li.

Linked to FindBook

Google Book

Amazon

博客來

Innovation and Welfare Impacts of Disclosure Regulation: A General Equilibrium Approach.

Record Type:	Electronic resources : Monograph/item
Title/Author:	Innovation and Welfare Impacts of Disclosure Regulation: A General Equilibrium Approach./
Author:	Yang, Li.
Published:	Ann Arbor : ProQuest Dissertations & Theses, : 2024,
Description:	80 p.
Notes:	Source: Dissertations Abstracts International, Volume: 85-11, Section: A.
Contained By:	Dissertations Abstracts International85-11A.
Subject:	Finance. -
Online resource:	https://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=31142999
ISBN:	9798382584683

Innovation and Welfare Impacts of Disclosure Regulation: A General Equilibrium Approach.
Yang, Li.

Innovation and Welfare Impacts of Disclosure Regulation: A General Equilibrium Approach. - Ann Arbor : ProQuest Dissertations & Theses, 2024 - 80 p.

Source: Dissertations Abstracts International, Volume: 85-11, Section: A.

Thesis (Ph.D.)--Columbia University, 2024.

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 by relatively small firms reveals proprietary information about their local markets, which helps larger firms enter and compete. Consistent with previous empirical findings, the model predicts that mandatory disclosure encourages (discourages) innovation by larger (smaller) firms. More importantly, I identify conditions for when expanding the scope of disclosure regulation increases aggregate innovation and/or welfare. I structurally estimate the model using innovation data and plausibly exogenous variation in the extent of disclosure regulation in Europe. My estimates suggest that subjecting 15% more firms to full reporting requirements decreases aggregate innovation by around -0.26% but increases welfare by around 1%. This disparity is driven by the fact that production shifts to larger firms that innovate less but are more efficient in exploiting the fruits of innovations.

ISBN: 9798382584683Subjects--Topical Terms:

542899
Finance.
Subjects--Index Terms:

Welfare effects

Innovation and Welfare Impacts of Disclosure Regulation: A General Equilibrium Approach.
LDR:02209nmm a2200373 4500 001 2428085
005 20241210085400.5
006 m o d
007 cr#unu||||||||
008 261011s2024 ||||||||||||||||| ||eng d
020 $a 9798382584683
035 $a (MiAaPQ)AAI31142999
035 $a AAI31142999
040 $a MiAaPQ $c MiAaPQ
100 1 $a Yang, Li. $3 1029288
245 1 0 $a Innovation and Welfare Impacts of Disclosure Regulation: A General Equilibrium Approach.
260 1 $a Ann Arbor : $b ProQuest Dissertations & Theses, $c 2024
300 $a 80 p.
500 $a Source: Dissertations Abstracts International, Volume: 85-11, Section: A.
500 $a Advisor: Baldenius, Tim;Breuer, Matthias.
502 $a Thesis (Ph.D.)--Columbia University, 2024.
520 $a 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 by relatively small firms reveals proprietary information about their local markets, which helps larger firms enter and compete. Consistent with previous empirical findings, the model predicts that mandatory disclosure encourages (discourages) innovation by larger (smaller) firms. More importantly, I identify conditions for when expanding the scope of disclosure regulation increases aggregate innovation and/or welfare. I structurally estimate the model using innovation data and plausibly exogenous variation in the extent of disclosure regulation in Europe. My estimates suggest that subjecting 15% more firms to full reporting requirements decreases aggregate innovation by around -0.26% but increases welfare by around 1%. This disparity is driven by the fact that production shifts to larger firms that innovate less but are more efficient in exploiting the fruits of innovations.
590 $a School code: 0054.
650 4 $a Finance. $3 542899
653 $a Welfare effects
653 $a Welfare impacts
653 $a Financial disclosure
653 $a Local markets
690 $a 0272
690 $a 0501
690 $a 0508
710 2 $a Columbia University. $b Business. $3 1681698
773 0 $t Dissertations Abstracts International $g 85-11A.
790 $a 0054
791 $a Ph.D.
792 $a 2024
793 $a English
856 4 0 $u https://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=31142999