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|Other Titles:||The Effect of Audit Market Competition on Performance of Audit Firms in Taiwan: A Local Perspective|
Regional audit market;Market competition;Public accounting firm
|Issue Date:||2016-06-01 14:16:45 (UTC+8)|
Prior studies have often measured audit market competition from a national perspective, which implies that all regional audit markets have same structures. In Taiwan, however, most public accounting firms only compete in neighboring regions and areas where they are located; local audit markets may be structured differently due to the different competitors involved. This paper attempted to measure audit market competition from a local perspective. In addition, how external competitive environment affects the performance of a public accounting firm is believed to be of crucial importance to decision makers within and outside the accounting profession, especially when operating environment for auditors is becoming increasingly difficult. In light of these, I examine competition within the audit market from a local perspective, and investigate its relation with the performance of public accounting firms. The empirical results show that public accounting firms tend to have higher efficiencies when practicing in more competitive regions. These results suggest that competition provides incentives for public accounting firms to improve and raise efficiency. This study fills in the gaps of prior studies. And conclusions of our research may provide useful references for decision makers in policy making, both within and outside the accounting profession.
International Journal of Accounting Studies
|Appears in Collections:||[會計評論] 期刊論文|
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