000			01791nab a2200229 4500
999			_c199637 _d199637
003			OSt
005			20200226102050.0
008			200127s2016 xxu||||| |||| 00| 0 eng d
040			_aCO-BoUGC _cCO-BoUGC
100	1		_aGong, Qihui _9178303
245	1	0	_aOn the benefits of audit market consolidation _bevidence from merged audit firms _cQihui Gong, Oliver Zhen Li, Yupeng Lin & Liansheng Wu
300			_aPáginas 463 a la 488
520	3		_aWe examine efficiency improvement associated with audit firm mergers. Our analysis is made possible by a unique dataset of audit hours in China. We find a significant reduction in audit hours, unaccompanied by a deterioration in audit quality, of merged audit firms. Further, we find a larger reduction in audit hours when acquirers are Chinese domestic Big 10 audit firms and when client firms are more complex. These results are consistent with the notion of economies of scale arising from horizontal mergers. However, enhanced efficiency does not necessarily reduce audit fees. Instead, we find an increase in audit fees when acquirers are international Big 4 audit firms even when we control for possible changes in market power. This premium is at least partially due to the certification effect of international Big 4 audit firms.
650	1	4	_aContabilidad _vPublicaciones seriadas _9178304
650	2	4	_aCompañías consolidadas _vAuditoría _xPublicaciones seriadas _9178305
650	2	4	_aAuditores _xHonorarios _vPublicaciones seriadas _9176282
700	1		_aZhen Li, Oliver _9176743
700	1		_aLin, Yupeng _9176693
700	1		_aWu, Liansheng _9178306
773	0		_082265 _9382158 _aThe accounting review 2016 V.91 No. 2 (Mar) _o0000002031463 _x0001-4826 (papel) _h26 páginas _nIncluye tablas, referencias y apéndices
942			_2ddc _cART