The Bottom Falls Out: Competition for Capital and Demand for Financial Statement Assurance

PhD Candidate Anik Choudhury of the accounting department will be defending his dissertation proposal, “The Bottom Falls Out: Competition for Capital and Demand for Financial Statement Assurance,” on May 24, 2023.

The time and location of his proposal defense is 10–11:30 a.m. EDT, GHall 722.

Many thanks to Choudhury’s dissertation committee:

• Committee Chair: Tony Curatola – Professor, Joseph F. Ford Professor of Accounting – Drexel University
• Committee Member: Dan Dai – Assistant Professor – Drexel University
• Committee Member: Greg Nini – Associate Professor – Drexel University
• Committee Member: Curtis Hall – Associate Professor – Drexel University
• Committee Member: Hsihui Chang – Professor, KPMG Professor of Accounting – Drexel University

Abstract:
This study examines whether increased competition among capital seekers impacts demand for financial statement assurance. Using pilot data from start-ups’ campaign filings, I find preliminary evidence that demand for financial statement assurance among smaller start-ups decreases in response to increased competition. My findings contribute to the accounting literature by examining this relationship between competition among capital seekers and the demand for financial statement assurance, which has yet to be explored.