The changing competitive structure of the Canadian accounting market over a period of large firm merger activity | Posted on:2000-04-13 | Degree:M.Sc | Type:Thesis | University:University of Lethbridge (Canada) | Candidate:Lubbers, Miranda Charmain | Full Text:PDF | GTID:2469390014962372 | Subject:Business Administration | Abstract/Summary: | | My thesis studies the changing competitive structure of the Canadian auditing industry during the period 1987 to 1992. Two mergers took place over this period among four large Canadian accounting firms. I assess whether market power is likely to become a problem with already high, and possibly increasing levels of concentration in the audit industry.;Using data from several sources, I examine those characteristics that affect the likelihood that high concentration facilitates market power. I then apply the official standards (Merger Guidelines) for Canadian merger analysis to data on audit services. Because the Merger Guidelines expressly do not permit the authorities to oppose a merger merely on structural grounds, I supplement my structural analysis with a review of studies which examine whether audit fees are influenced upward by high concentration.;Overall, I found the industry more competitive in the post merger period. | Keywords/Search Tags: | Merger, Period, Competitive, Canadian, Industry, Audit, Market | | Related items |
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