—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 …

the effect of entry threat on incumbent banks' loan loss provisions. Incumbents exposed to entry threat have offsetting …