—firms’ increased access to bank credit and banks’ strengthened monitoring of firms. Our study sheds light on how the … auditors. In cross-sectional analyses, we further find that the negative effect of banking deregulation on firms’ auditor … states with less-sophisticated local banks before deregulation and more-sophisticated entering banks after deregulation. Such …

We examine whether banks manage firms’ climate transition risks via corporate loan securitization. Results show that … that lowers transition risk, we show that banks respond by a lower securitization of loans given to firms that become more … banks are more likely to securitize loans granted to firms that become more carbon-intensive. The effect is more pronounced …

SUMMARY: We examine whether bank auditor effort, proxied by audit fees, is related to asset securitization risks (ASR … accounting for asset securitizations as sales. Using U.S. bank holding company (BHC) data from 2003 to 2013, we find … significantly positive associations between ASR and audit fees for Big N auditors but not for non-Big N auditors. Pre-GFC audit fees …