Title

Stochastic And Nonstochastic Determinants Of Changes In Client-Industry Concentrations For Large Public-Accounting Firms

Comments

Authors: contact us about adding a copy of your work at STARS@ucf.edu

Abbreviated Journal Title

J. Account. Public Policy

Keywords

Archaeology

Abstract

Market-concentration ratios of audits of large publicly held firms have been found to be high by Zeff and Fossum (1967), Rhode et al. (1974), and Campbell (1981). Both stochastic (random) forces and nonstochastic (deterministic) forces may cause increased concentration ratios. To determine the affects of stochastic forces on audit-concentration ratios, a computer simulation was developed using Gibrat's (1931) theorem. The results of the simulation indicate that the volatility of the concentration ratios may be affected by nonstochastic forces as well as by stochastic forces. The nonstochastic forces are described and discussed vis-á-vis the public-accounting profession's competitive environment.

Journal Title

Journal of Accounting and Public Policy

Volume

4

Issue/Number

328

Publication Date

1-1-1985

Document Type

Note

Language

English

First Page

317

Last Page

308

WOS Identifier

WOS:A1985A165800005

ISSN

0278-4254

Share

COinS