| 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-Mei | en_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), 43 | en_US |
| dc.subject (關鍵詞) | Accounting | en_US |
| dc.title (題名) | Competition Conditions in Taiwan`s Public Accounting Industry | en_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 | |
