We examine the association between U.S. audit market structure and both audit price and quality. The significant consolidation of the largest audit firms and its effect on market structure has raised international concern among policy makers. We address this concern by examining the association...

We investigate future profitability, operating cash flows, and value relevance of offshoring arrangements in the technology sector. Offshoring is the business practice of moving portions of a firm's business operations (and jobs) to another country usually to take advantage of lower labor costs...

This paper provides evidence that regulatory contracts affect firms' accounting choices and risk management decisions. Specifically, we investigate whether an exogenous shock to regulatory risk induced by Statement of Financial Accounting Standards No. 115 quot;Accounting for Certain Investments...