Studies of corporate governance are concerned with two features of modern shareholding: diffuse ownership and the resulting separation of ownership and control, which potentially leads to managerial self-dealing; and, majority shareholding, which potentially mitigates some managerial...

The market concentration doctrine predicts that a horizontal merger is more likely to have collusive, anticompetitive effects the greater the merger-induced change in industry concentration. Since a collusive, anticompetitive merger generates an increase in the industry's quality-adjusted...

In 2000, the Federal Trade Commission (FTC) prevented the merger of the second and third largest baby food manufacturers in the United States. Since the blocked merger, the landscape of the baby food industry has evolved significantly. All of the major brands of jarred baby food have undergone...

This paper reports the findings of a comprehensive study of the audit services market of an emerging market economy, namely, Bangladesh. It covers four important aspects of auditing in the country. They are (i) audit concentration; (ii) audit fee trends; (iii) big-four premium; and (iv) audit...

In this study, we assess whether banking system concentration is strongly linked to banks credit risk exposure. We use a sample of 138 commercial banks drawn from SADC countries between 1999 and 2005. The results exhibit no significant influence of concentration on four measures of credit...

We study an asymmetric competition problem of two ridesourcing platforms, one of which adopts a concentration strategy (i.e., only provides transport services) while the other adopts a diversification strategy (i.e., provides both transport and other services). This is a real problem in the...