We study the economic consequences of mandates that require bank auditors to report to bank supervisors. Based on survey responses from the European Central Bank and all 28 national bank regulators within the European Union and a review of national banking regulations, we create a novel dataset...

This study examines whether one firm's choice of reporting frequency generates negative externalities for other firms. We find that firms lose investor attention when more of their peers report quarterly instead of semi-annually, and such loss of attention is associated with a decrease in market...