We hypothesize that the choice to obtain a financial statement audit provides external
financiers with incremental information about the firm, which helps reduce information …

There is little research on how accounting information quality affects a firm's external
financing choices. In this paper, we use the occurrence of accounting restatements as a …

We present a model and provide empirical evidence showing that auditor quality affects the
financing decisions of companies, and that higher audit quality reduces the impact of market …

We develop a model to evaluate the costs and benefits of disclosing information about audit
quality. Specifically, we examine whether audit quality disclosure affects auditors' effort and …

This paper examines the impact of audit and non-audit fees on firms' ability to access
finance by reducing their capital constraints. Unlike previous studies, which examined this …

Exploiting a natural experiment in which voluntary audits replace mandatory audits for UK
private companies, we analyze whether imposing audits suppresses valuable information …

We investigate whether and how a “critical audit matter”(CAM) disclosure affects managers'
real operating decisions in two contexts (issuing a loan that decreases versus increases the …

To restore investors' confidence in the reliability of corporate financial disclosures, the
Sarbanes‐Oxley Act of 2002 mandated stricter regulations and arguably increased auditors' …

We examine the impact of auditor choice on debt pricing in firms' early public years when
they are lesser known. Our evidence suggests that retaining a Big Six auditor, which can …

This paper compares the value of audit quality, proxied by the selection of a big N auditor, to
the external claimholders of private and public companies. Although the combination of a …