Concentration without differentiation: A new look at the determinants of audit market concentration

被引：31

作者：

Doogar, R ^{[1
]}

Easley, RF

机构：

[1] Univ Illinois, Coll Commerce & Business Adm, Champaign, IL 61820 USA

[2] Univ Notre Dame, Coll Business Adm, Notre Dame, IN 46556 USA

来源：

JOURNAL OF ACCOUNTING & ECONOMICS | 1998年 / 25卷 / 03期

关键词：

audit industry structure; audit market concentration; capacity commitment; leverage;

D O I：

10.1016/S0165-4101(98)00027-5

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

We show that a model of undifferentiated price competition closely predicts US audit market concentration. Contracting practices, client size distributions and differences in auditor productivity jointly determine audit firms' market shares. In contrast to prior literature, neither quality differences nor economies of scale for larger firms are necessary in our model to explain audit market concentration. (C) 1998 Elsevier Science B.V. All rights reserved.

引用

页码：235 / 253

页数：19

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