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点击蓝字 关注我们 01 原文： Choi A, Kim J B, Lee J J, et al. Market for corporate control and demand for auditing: evidence from international M laws[J]. Review of Accounting Studies, 2023: 1-45. Market for corporate control and demand for auditing: evidence from international M laws Abstract ： We investigate whether and how the market for corporate control affects the demand for audit service in a cross-country setting. In so doing, we exploit the staggered enactments of merger and acquisition (M ) laws as an exogenous shock that substantially increases takeover pressure. We find that firms are more likely to choose Big 4 auditors in the period after the enactment of M laws, suggesting that the takeover pressure heightened by the passage of M laws increases the demand for audit verification and assurance by high-quality auditors. We also find that the enactment of M laws leads to greater demand for Big 4 auditors through two channels: managerial commitment to curtail
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