...Sudipta Basu; Mahsa S. Kaviani; Hosein Maleki ABSTRACT We study how nonfinancial firms’ operating risks change after bank competition increases. By exploiting the 1990s staggered regulatory reforms across U.S. states that allowed interstate banking and branching, we show that out-of-state bank...

...Liya Hou; Yi Liang; Sudipta Basu ABSTRACT We study the influence of bank competition on U.S. public borrowers’ accounting conservatism by exploiting the staggered adoption of the Riegle-Neal Interstate Banking and Branching Efficiency Act (IBBEA) of 1994, which increased the threats of new bank...

... California, and The University of Texas at Dallas. Editor's note: Accepted by Mark L. DeFond. October 2014 June 2015 2016 bank competition risk-taking IFRS transparency Fundamental economic forces have improved the availability of information in securities markets...