Competing firms are affected by financial reporting mainly through revealing relevant information. As suggested by recent literature (Bagnoli, et al. 2010), the biased disclosure has impact on the firms' competitive position in a product market setting. So when such information is distorted by...

Among the large-scale energy storage devices, vanadium redox flow batteries (VRFBs) are one of the most promising candidates. Carbon felt and graphite felt have been widely adopted as electrodes, however, poor electrochemical activities and low specific surface areas have limited their rollout...

This study provides novel evidence on the magnitude of switching costs in auditing. We use a discrete choice approach to infer switching costs from clients' auditor choices. The demand estimation reveals that switching costs matter and that they differ by the direction with switching from...