This paper examines audit offices' human capital investment in response to client
restatement announcements and the resulting effects on audit quality and audit office client …

Does artificial intelligence (AI) displace auditors? We exploit the staggered hiring of AI
employees at audit office locations across the United States as a proxy for the use of AI at …

This study examines whether accounting firms' investments in centralized learning and
development centers yield discernible benefits. We focus on Deloitte's establishment of …

We investigate the impact of high-skilled foreign accounting workers on US startup firms.
Using the H-1B visa lottery setting, we find that startups randomly awarded access to hire …

Public accountants are in high demand by non‐accounting firms. While this demand attracts
high‐quality accountants to public accounting, it can negatively impact audit quality by …

State and local governments have been awarding large, place-based corporate subsidies to
tech firms with the justification that these subsidies can yield spillovers for the local …

Mutual funds are an important industry and component of capital markets, with $34 trillion in
assets under management that hold 32 percent of exchange-traded common equities. In this …

This report provides an overview of labour market monopsony by delving into two of its
sources which deliver unilateral firm wage setting power; namely, concentrated labour …