1. Impact of Audit Fee Deregulation on Audit-market Competition
- Author
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Wen-Jing Chang, Yahn-Shir Chen, and Meng-Pei Chan
- Subjects
Economics and Econometrics ,Market competition ,business.industry ,Entry rate ,Accounting ,Audit ,Commission ,Competition (economics) ,Deregulation ,Fair trade ,health services administration ,Exit rate ,Business ,health care economics and organizations ,Finance - Abstract
In 1998, the audit fee standard was abolished by the Fair Trade Commission of Taiwan. This study aims to investigate the effects of the cancellation of the audit fee standard on audit-market competition of public companies during 1994–2002. The results indicate that after the event, the auditor excess entry rate, auditor excess exit rate and audit-market-share mobility all increased, which is consistent with the prediction of enhanced audit-market competition.
- Published
- 2009
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