TY  - JOUR
T1  - Quality Determines Performance: Evidence from International Audit Firms in Taiwan
AU - Yang, Lee-Wen AU - Yang, Yi-Fang AU - Chen, Yahn-Shir AU - Huang, Li-Chun 
JO  - International Business Management
VL  - 11
IS  - 12
SP  - 2104
EP  - 2114
PY  - 2017
DA  - 2001/08/19
SN  - 1993-5250
DO  - ibm.2017.2104.2114
UR  - https://makhillpublications.co/view-article.php?doi=ibm.2017.2104.2114
KW  - International audit firms
KW  -market structures
KW  -operating performance
KW  -knowledge
KW  -audit quality
KW  -performance
AB  - This study investigates the operating performance of Taiwanese international audit firms in different
market structures under the control of audit quality. Market structures are defined as three time periods by the
number of international audit firms in the auditing industry. Empirical results indicate that the operating
performance of international firms is better than that of non-international firms in the three time periods. This
suggests that higher audit quality brings about superior operating performance. Next, international firms have
better operating performance in the more equal but concentrated market structures after mergers of international
firms. This further confirms that international audit firm mergers upgrade audit quality and thereby improve
operating performance. To the best of our knowledge, few prior studies directly investigate the operating
performance of international audit firms. With the empirical results this study contributes knowledge to related
literatures and brings managerial implications to the practitioners.
ER  -