activities and whether audit market competition appears to facilitate those activities. Regulators have long been concerned about … the impact of both audit market competition and opinion shopping on audit quality. We adopt the framework developed in … relatively late during a reporting period and when audit market competition is high. Our findings have implications for the …

competition by decreasing the number of suppliers and consolidating market share. However, Stigler (1955) points out that in … certain situations, mergers may increase competition even when they raise concentration and reduce an already small number of … competition by increasing the number of firms that can efficiently compete for public clients. Using a proprietary dataset …

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 …

This paper studies the effect of audit market competition on the clients' cost of bank loans. Exploiting the demise of … Arthur Andersen, which differently reduced the local audit market competition of metropolitan statistical areas (MSAs), we … find that auditor competition increases the cost of bank loans of auditors' client firms. Further analysis indicates that …

Prior research provides mixed evidence about whether sufficient audit market competition exists and whether competition … association between the probability of bidding and previously documented measures of auditor competition (i.e., market … concentration), audit quality, and audit pricing. Consistent with concerns that market concentration impedes competition, we find …

We propose a new audit supplier competition construct: the Office-Client Balance (OCB), which consists of the relative … construct, we derive a metro-level audit competition proxy reflecting surpluses or shortfalls of total metro audit office …, we find that this OCB competition variable is associated with lower fees, more auditor turnover, and more (less) office …

Concerns regarding a lack of competition in the market for public-company audits focus on Big Four audit firms. Little … concern has been raised regarding Non-Big Four firms, yet we know little about competition and barriers to entry in this … market. Prior studies only consider competition from audit firms that already have public-company clients. I examine the role …

significant differences along any of these dimensions?3. Do customers of the Big4 pay higher fees compared to the competition …