Dissolution and Transfer of Organizational Capabilities: Interdisciplinary Multi-level Analysis

我们最初构建的原始数据集包含了从1960年到2012年期间5077家上市公司的审计活动，其中包括259,127起审计师与客户公司的关系案例。我们的研究结果可以概括为四个主要发现：(I)日本审计行业的历史经历了五个不同的时期，自1985年以来该行业也经历了一系列的合并，导致了有限数量的大型审计公司的主导地位；(Ii)客户与审计师的关系一直是稳定的，但自中央青山会计师事务所倒闭以来，它们的关系发生了变化；审计费用不仅由客户事务所的结构特征决定，还由审计公司的结构特征决定。

We originally constructed the original data set that comprises audit activities for 5077 listed firms during the period from 1960 throughout 2012, including 259,127 cases of auditors-client firms relationships. Our results can be summarized into four major findings: (i) The history of Japanese audit industry experienced five different time period, and the industry is also characterized as series of mergers since 1985 and thereafter, which results in dominance of limited number of large audit firms; (ii) Clients-auditors relationships had been stable, but their relationships have been changed since demise of Chuo-Aoyama audit firm; Audit fee is not only determined by structural characteristics of client firms, but also determined by structural characteristics of audit firms.