教師資料查詢 | 類別: 期刊論文 | 教師: 張寶光 CHANG BAO-GUANG (瀏覽個人網頁)

標題:Competition Conditions in Taiwan's Public Accounting Industry
學年
學期
出版(發表)日期2017/02/01
作品名稱Competition Conditions in Taiwan's Public Accounting Industry
作品名稱(其他語言)
著者Bao-Guang Chang, Tai-Hsin Huang, Hsiu-Mei Wang
單位
出版者
著錄名稱、卷期、頁數Accounting and Finance Research 6(1), pp.43-56
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.
關鍵字Public accounting industry;Degrees of competition;H statistic;Panzar-Rosse model;Long-run equilibrium;Censored stochastic frontier mode
語言英文
ISSN1927-5986;1927-5994
期刊性質國外
收錄於
產學合作
通訊作者Bao-Guang Chang
審稿制度
國別加拿大
公開徵稿
出版型式,電子版,紙本
相關連結
SDGs
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