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題名 Competition Conditions in Taiwan`s Public Accounting Industry
作者 黃台心
Chang, Bao-Guang;Huang, Tai-Hsin;Wang, Hsiu-Mei
貢獻者 金融學系
關鍵詞 Accounting
日期 2017-02
上傳時間 11-Jan-2018 15:50:36 (UTC+8)
摘要 This paper investigates the degree of market competition in the public accounting industry of Taiwan over the period 1994-2008, using the `H statistic` proposed by Panzar & Rosse (1987). Differing from previous works, this paper applies a newly developed model, i.e., the censored stochastic frontier (CSF) model, to test whether the audit market has achieved its long-run equilibrium. The model is superior to the conventional model that requires researchers adding a unity to the dependent variable of returns on assets (ROA) for all observations, forcing the transformed dependent variable to be non-negative. One can then take the natural logarithm of this dependent variable. Evidence shows that Taiwan`s accounting industry is characterized as monopolistic competition with a trend towards perfect competition. The result will help to build up the empirical model for public accounting industry. The CSF model confirms that this industry is already in a long-run equilibrium in the second half of the sample, which validates the use of the Panzar-Rosse model. Conversely, the employment of the conventional approach leads to a rejection of the long-run equilibrium over the entire sample period.
關聯 Accounting and Finance Research, 6(1), 43
資料類型 article
DOI https://doi.org/10.5430/afr.v6n1p43
dc.contributor 金融學系zh_TW
dc.creator (作者) 黃台心zh_TW
dc.creator (作者) Chang, Bao-Guang;Huang, Tai-Hsin;Wang, Hsiu-Meien_US
dc.date (日期) 2017-02
dc.date.accessioned 11-Jan-2018 15:50:36 (UTC+8)-
dc.date.available 11-Jan-2018 15:50:36 (UTC+8)-
dc.date.issued (上傳時間) 11-Jan-2018 15:50:36 (UTC+8)-
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/115561-
dc.description.abstract (摘要) This paper investigates the degree of market competition in the public accounting industry of Taiwan over the period 1994-2008, using the `H statistic` proposed by Panzar & Rosse (1987). Differing from previous works, this paper applies a newly developed model, i.e., the censored stochastic frontier (CSF) model, to test whether the audit market has achieved its long-run equilibrium. The model is superior to the conventional model that requires researchers adding a unity to the dependent variable of returns on assets (ROA) for all observations, forcing the transformed dependent variable to be non-negative. One can then take the natural logarithm of this dependent variable. Evidence shows that Taiwan`s accounting industry is characterized as monopolistic competition with a trend towards perfect competition. The result will help to build up the empirical model for public accounting industry. The CSF model confirms that this industry is already in a long-run equilibrium in the second half of the sample, which validates the use of the Panzar-Rosse model. Conversely, the employment of the conventional approach leads to a rejection of the long-run equilibrium over the entire sample period.en_US
dc.format.extent 554657 bytes-
dc.format.mimetype application/pdf-
dc.relation (關聯) Accounting and Finance Research, 6(1), 43en_US
dc.subject (關鍵詞) Accountingen_US
dc.title (題名) Competition Conditions in Taiwan`s Public Accounting Industryen_US
dc.type (資料類型) article
dc.identifier.doi (DOI) 10.5430/afr.v6n1p43
dc.doi.uri (DOI) https://doi.org/10.5430/afr.v6n1p43