Competition in audit markets is an important topic but direct tests of market competition have been limited. In this … paper, we examine how audit firms behave when they are confronted with competition from another firm in a wide range of …

, we analyze firm misreporting, auditor monitoring and competition, and regulatory policy in a unified model. A federated … blockchain for financial reporting and auditing can improve verification efficiency not only for transactions in private …

costs of changing audit firms included in DeAngelo's (1981) multi-period audit pricing model. Our competition measure … audit firm(s) in local audit markets and advances understanding of audit market competition …

extent of competition from substitute products. I estimate that, in 2019, public corporations produced consumer surplus in …

This paper explores some consequences for economic efficiency of creative accounting practices by merging companies. It … assumes semi-strong information efficiency in the markets for capital and for corporate control; and/or the use of executive … acquirer's executives to fill “cookie jars” ready to inflate earnings in the years after merger. After takeover, modern …

(which we label “multi-industry contact”) leads to less (price) competition overall, which suggests mutual forbearance among …

. Even if market concentration and technological disadvantages lead to a significant welfare reduction after merger, from …

can lead to a softer merger policy when competition is weaker. … merger between regulated firms when cost synergies are uncertain before the merger and their realization becomes private … information of the merged firm. The optimal merger policy trades off potential cost savings against regulatory distortions from …

marginal cost efficiency. The effect of conduct on price dispersion seems to depend on the characteristics of the market. For … margial cost efficiency has a negative effect on price dispersion …