the reputation of investment banks affects the level of merger fees, but does not affect the level of the premium. The …

We examine how auditor reputation conditions the market valuation of banks' loan loss provision (LLP). The inherent … reputation, auditor type (Big 5 vs. non-Big 5) and auditor expertise, in the banking industry. We find a significant, positive … results are consistent with auditor reputation (expertise in the banking industry) mitigating information asymmetry between …

affecting the reputation of Olympus' auditors. First, we use a nonparametric generalized rank event study methodology on 918 … reputation as proxied by abnormal returns. Second, we perform a multivariate linear regression on firms' abnormal returns after … investors do not consider news announcements affecting the Olympus auditors' reputation as sufficient evidence to change their …