We show that product market competition reduces agency problems by curtailing misleading earnings management and improving earnings informativeness. Using the H

In this paper, we employ a firm-level measure of product market competition constructed from the textual analysis of firms' 10-K filings and examine the relatio

Product markets are becoming increasingly more competitive. Because of an increased number of firms in U.S... product market, globalization, and FTA (Free Trade

Using economic deregulation as a quasi-natural experiment for increasing product market competition, we find increases in earnings manipulation and accounting f