Spatial Competition at the Intersection of the Large and Small Audit Firm Markets
Spatial Competition at the Intersection of the Large and Small Audit Firm Markets
复制标题
DOI：
10.2139/ssrn.2257960
复制
发表时间：
2015-03
期刊：
影响因子：
--
通讯作者：
Kenneth L. Bills;Nathaniel M Stephens
中科院分区：
文献类型：
--
作者：
Kenneth L. Bills;Nathaniel M Stephens
摘要：在本文中，我们研究了美国审计市场的空间竞争，同时考虑了其两层性质。我们提供了证据，证明大型和小型审计市场参与者内部和参与者之间的市场份额距离对竞争的不同影响。我们发现，与小型审计公司竞争对手的市场份额距离对四大会计师事务所审计费用的影响大于与其他四大竞争对手的距离。这一发现表明，小型审计公司在当地市场的竞争格局中发挥着重要作用。此外，我们发现，审计费用随着小型审计公司与其最接近的竞争小型审计公司之间的距离而增加，而审计费用随着小型审计公司与其最接近的竞争大型审计公司之间的距离而减少。这表明，虽然从竞争性小型审计公司获得市场空间的分离减少了来自其他小型审计公司的竞争压力，但随着小型审计公司越来越接近......
SUMMARY: In this paper, we study spatial competition in the U.S. audit market while accounting for its two-tiered nature. We provide evidence on the differential impact that market share distances within and between the players in the large and small audit markets have on competition. We find that the market share distance from small audit firm competitors has a greater effect on the Big 4's audit fees than distances from other Big 4 competitors. This finding suggests that small audit firms play a significant part in the competitive landscape in local markets. Further, we find that audit fees are increasing with the distance between a small audit firm and its closest competing small audit firm while audit fees are decreasing with the distance between a small audit firm and its closest competing large audit firm. This suggests that while obtaining separation in market space from competing small audit firms reduces competitive pressure from other small audit firms, as a small audit firm gets closer to the ...