Technology Coopetition and Voluntary Disclosures of Innovation

ABSTRACT We examine firms’ voluntary disclosures of innovation under technology coopetition, focusing on technology standard setting organizations (SSOs). Technology coopetition is characterized by (1) cooperation to determine technology standards, which requires information sharing to reach consensus, and (2) competition for standard implementation to obtain standard-essential patents, which create incentives for firms to deviate from the expected level of information sharing. We document a decrease in 10-K narrative R&D disclosures, more generic 10-K narrative R&D disclosures, and a longer delay of patent disclosures via the USPTO after a firm joins an SSO. Among alternative explanations, our evidence is most supportive of the hypothesis that firms strategically withhold innovation information. JEL Classifications: L15; M41; O32.

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Publication Details

Journal
The Accounting Review
Published
2024-08-12
DOI
https://doi.org/10.2308/tar-2022-0544
Citations
12
Primary Topic
Business Strategy and Innovation
Type
article
Field-Weighted Citation Impact
5.55
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article

Technology Coopetition and Voluntary Disclosures of Innovation

P. Eric Yeung, Bo Zhu, Jun Oh
12 citations
The Accounting Review
Business Strategy and Innovation
5.55
article

Technology Coopetition and Voluntary Disclosures of Innovation

P. Eric Yeung, Bo Zhu, Jun Oh
article en
12 citations

Abstract

ABSTRACT We examine firms’ voluntary disclosures of innovation under technology coopetition, focusing on technology standard setting organizations (SSOs). Technology coopetition is characterized by (1) cooperation to determine technology standards, which requires information sharing to reach consensus, and (2) competition for standard implementation to obtain standard-essential patents, which create incentives for firms to deviate from the expected level of information sharing. We document a decrease in 10-K narrative R&D disclosures, more generic 10-K narrative R&D disclosures, and a longer delay of patent disclosures via the USPTO after a firm joins an SSO. Among alternative explanations, our evidence is most supportive of the hypothesis that firms strategically withhold innovation information. JEL Classifications: L15; M41; O32.

The Accounting ReviewVol. 99(6)
Cornell University (US), Purdue University West Lafayette (US), Southwest Jiaotong University (CN)
Industry, innovation and infrastructure
Openalex Percentile: Top 4%
Business Strategy and Innovation
5.55
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Technology Coopetition and Voluntary Disclosures of Innovation — P. Eric Yeung, Bo Zhu, et al. · The Accounting Review (2024) | TGRS Research Map | TGRS