The international firms as new entrants to the statutory audit market: an empirical analysis of auditor selection in Greece, 1993 to 1997

This paper explores the structure of the Canadian audit market between 1901 and 1941 based on a sample of 3661 financial statements from 956 firms. Two aspects of the market are examined: first, the overall degree of market concentration, and second, the existence of market segmentation. In addition, a specific concern of the paper is to analyse competition between domestic accounting firms and the international accounting firms leading to the merger of major independent Canadian firms with international accounting firm networks after World War Two. The data show a pattern of increasing concentration during the period among a small set of domestic and international firms. The data identify both a national market and a series of regional markets for audit services. There is also evidence of market segmentation by industry and stock exchange listing. Overall, the evidence suggests that the early Canadian audit market was competitive but fragmented into a series of niche markets. Domestic firms were able to compete with the international firms but the market was becoming increasingly concentrated.

Download Full-text

Competition in the Portuguese legal audit market: An empirical analysis from 2010 to 2014

Tékhne ◽

10.1016/j.tekhne.2016.02.001 ◽

2015 ◽

Vol 13 (2) ◽

pp. 110-121

Author(s):

B.J.M. de Almeida ◽

A.M.F.G. da Silva

Keyword(s):

Empirical Analysis ◽

Audit Market

Download Full-text

An Empirical Analysis of the Global Audit Market: International Financial Reporting Standards-Related Changes and Differences within the Big 4 Global Networks

10.25148/etd.fi14071103 ◽

2014 ◽

Author(s):

William Riccardi

Keyword(s):

Empirical Analysis ◽

Financial Reporting ◽

International Financial Reporting Standards ◽

Reporting Standards ◽

Global Networks ◽

Financial Reporting Standards ◽

Audit Market ◽

Big 4

Download Full-text

Accounting Firm Association Membership and Audit Firm Growth

Auditing A Journal of Practice & Theory ◽

10.2308/ajpt-19-049 ◽

2021 ◽

Author(s):

Jaehan Ahn ◽

Herita Akamah ◽

Kenneth L. Bills ◽

K. Kelli Saunders

Keyword(s):

Firm Growth ◽

Primary Concern ◽

Accounting Firms ◽

Accounting Firm ◽

Audit Firm ◽

Audit Market ◽

Audit Firms ◽

New Entrants

In this study, we explore a topic of primary concern to small audit firms – attracting public audit clients. A potential avenue available to small audit firms to enhance their visibility and legitimacy among potential public audit clients is to join an association of accounting firms (ACAP 2008; GAO 2008). We examine whether small audit firms with accounting association membership have greater public clientele growth than their peer audit firms without association membership. We find that member firms experience public clientele growth as measured by number of clients and revenues audited. We find that this growth is impacted by both gaining new entrants to the audit market and winning over clients from competitors. Further, we find that the reputation of associations positively affects the clientele growth seen by member firms. In additional analyses, we also find some evidence of private client growth of association members using LexisNexis® Company Dossier data.

Download Full-text