How does employer market power affect workers? We compute the concentration of new hires by occupation and commuting zone in France using linked employer-employee data. Using instrumental variables, we find that a 10% increase labor decreases 3.2% their hourly wage nearly 0.5%, as hypothesized monopsony theory. Based on simple merger simulation, between top two employers retail industry would b...

The existing literature on audit opinion shopping provides inconsistent evidence on whether such shopping has any association with abnormal audit fees. In this paper, we hypothesize that firms engage in audit opinion shopping and pay an abnormal audit fee only when their degree of accounting quality is low. To examine the issue, we group firms on the basis of their change in return on assets (R...

Abstract The aim of the paper is to determine whether audit market for public interest entities in Czech and Slovak Republic has been still concentrated subsequently measure concentration. article consists data including information from that perform statutory Slovakia on timeline 2017–2020. On level competition identified by Herfindahl-Hirschman Index CR4 Index, using revenues as a basis calcu...

In this paper we investigate audit pricing for financial institutions. We modify the standard audit fee model for industrial companies by incorporating measures of risk and complexity that are either unique to or more relevant for banks, and that are used by bank regulatory agencies. For a sample of 277 financial institutions in fiscal 2000, we find that audit fees are higher for banks having m...