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Competition Conditions in Taiwan's Public Accounting Industry
2016
Accounting and Finance Research
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
doi:10.5430/afr.v6n1p43
fatcat:ozstmp5ptfa3ljdjpdxc4uv4ju