We examine whether auditors accommodate the information needs of some clients by sharing their private information learned from other clients in their portfolio. In analyzing the setting where the forecast-issuing brokerage houses and the forecasted companies engage the same auditor, we find...

We examine how acquirers’ political connections affect the bargaining outcomes in deal negotiations that involve significant regulatory uncertainties. In the context of takeover antitrust reviews, we show that politically connected acquirers pay a lower takeover premium to and share a smaller...