...Devin Williams ABSTRACT Regulators and academics have long explored the implications of audit market competition on audit pricing and quality, primarily focusing on large audit firms. Despite a presumption of competition among smaller accounting firms, little evidence exists regarding whether...

...Yile Jiang (Anson); Sujay Nair ABSTRACT We examine the relationship between competition and reward practices in the public education sector. We hypothesize and find that school principals who face more intense competition make greater use of performance-based financial rewards and apply greater...

... of Accounting, West Lafayette, IN, USA. Supplemental material is available online, as linked in the text. Editor’s note: Accepted by Jeremy Bertomeu, under the Senior Editorship of W. Robert Knechel. 20 03 2023 30 05 2024 12 06 2024 2024 competition disclosure...

...Stephan Kramer; Michal Matějka ABSTRACT Although it is well understood that product market competition acts as a disciplining mechanism that reduces inefficiencies, our understanding of the implications for firms’ incentive design choices is still limited. We use a comprehensive new measure...

...Matthew J. Bloomfield; Henry L. Friedman; Hwa Young Kim ABSTRACT The negative effects of common ownership on competition have received significant attention, but many proposed mechanisms for institutional investor influence seem implausible. We develop and test an analytical model of optimal...

...Stephen A. Glaeser; Marcel Olbert; Ann-Catherin Werner ABSTRACT We examine how exposure to international tax competition affects domestic firms’ employment. Consistent with prior work, we find evidence that reductions in foreign tax rates affect the domestic competitive environment via increases...

... literature examining public information acquisition by entities not expressly interested in capital market trading (see, e.g., Bozanic, Hoopes, Thornock, and Williams 2017 ; Bernard, Blackburne, and Thornock 2020 ). Our findings of a positive association between product market competition and FOIA search...

...Anil Arya; Ram N.V. Ramanan ABSTRACT A firm's stock price may reveal information to a variety of participants, including its strategic partners and competitive rivals. This paper establishes that when a firm discloses cost information it can confound decision-relevant demand information embedded...

...Stephen A. Glaeser; Wayne R. Landsman ABSTRACT We examine how product market competition affects the disclosure of innovation. Theory posits that product market competition can cause firms to increase their disclosure of innovation to deter product market competitors. Consistent...

...Marc Badia; Miguel Duro; Bjorn N. Jorgensen; Gaizka Ormazabal ABSTRACT We study the effects of mandatory disclosure on competitive interactions in the setting of oil and gas (O&G) reserve disclosures by North American public firms. We document that reserve disclosures inform competitors: when...

...Jaewoo Kim; Michelle Nessa; Ryan J Wilson ABSTRACT We examine the effects of increased competition stemming from corporate tax rate cuts in foreign competitors' home countries on U.S. domestic manufacturing firms. We develop a measure of U.S. domestic firms' exposure to changes in foreign country...

.... These effects differ by competitiveness of the local audit market, client size, and partner experience. When multiple members of the audit team commence work at a new client, the transition appears to be more disruptive and more likely to exhibit audit quality effects. Our findings point to costly efforts...

... access to alternative public funding, increasing competition and creating adverse selection problems for banks. Using the adoption of Sarbanes-Oxley Act Section 404 to identify improvements in borrowers' FR, I find an overall positive effect of FR on banks' lending: the quality of loans extended...

...Igor Goncharov; Caspar David Peter ABSTRACT Firms coordinate their actions with industry peers, thereby affecting product market competition. Using the cartel setting, we investigate how financial reporting transparency affects industry coordination. Economic theory predicts that transparency...

... to customers—and details their implications for industry disclosure practices. The findings demonstrate that disclosure incentives are perturbed not just from being a hybrid entity, but also from competing with such entities. Accounting for both competitive and disclosure effects, the paper then assesses...

...Sean Shun Cao; Guang Ma; Jennifer Wu Tucker; Chi Wan ABSTRACT We introduce a firm-specific measure of the technological aspect of competition—technological peer pressure—and examine firm-initiated product development-related press releases. We argue that empirical examinations of the theorized...

...Thomas R. Kubick; Daniel P. Lynch; Michael A. Mayberry; Thomas C. Omer ABSTRACT Product market power provides firms with comparative advantages through more persistent profitability and insulation from competitive threats. These advantages likely provide firms with the ability to engage in greater...

...Clara Xiaoling Chen; Ella Mae Matsumura; Jae Yong Shin; Steve Yu-Ching Wu ABSTRACT This paper empirically examines the interactive effect of competition intensity and competition type on the use of customer satisfaction measures in executives' annual bonus contracts. Specifically, we predict...

... faces Cournot competition in the retail market. Aside from firm R, there are also other retail competitors with costs also normalized to zero such that firm 0 faces n rivals in total, and denote the set of rivals by N. The retail demand for firm 0 is given by the standard...