Existing research has only placed stress on the one-way effect of banking competition on regional carbon emissions. However, the emissions-increasing and emissions-reducing effects of banking competition are examined in this study. On that basis, the relevant theoretical framework on the...

This paper studies the effect of audit market competition on the clients' cost of bank loans. Exploiting the demise of Arthur Andersen, which differently reduced the local audit market competition of metropolitan statistical areas (MSAs), we find that auditor competition increases the cost of...