The Measure of Concentration of Audit Markets in Public Interest Entities in the Czech Republic and Slovakia

Q2 Social Sciences
Danube Pub Date : 2023-06-01 DOI:10.2478/danb-2023-0010
Pavlína Dostálová, Lucie Formanová, Michal Mádr, B. Andrlík
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Abstract

Abstract The aim of the paper is to determine whether the audit market for public interest entities in the Czech and Slovak Republic has been still concentrated and subsequently to determine the measure of concentration. The article consists of data including information from audit entities that perform statutory audit of public interest entities in the Czech Republic and Slovakia on timeline 2017–2020. On the level of competition is identified by the Herfindahl-Hirschman Index and the CR4 Index, using the revenues of statutory audit as a basis for calculating market shares. The results show that the Czech and Slovak audit markets for public interest entities have been highly concentrated, with a higher measure of concentration in the Czech Republic (HHI 0.25) than in Slovakia (HHI 0.23). The Big Four has had a market share of between 90% (Slovakia) and 95% (Czech Republic) in both countries, with the four firms have been providing up to 70% of all statutory audits within public interest entities. At the same time, KPMG and PWC have had the strongest market position. The paper provides new evidence on audit market concentration of public interest entities in the Czech Republic and Slovakia in the context of development in recent years, and thus can be the basis for a subsequent discussion of the consequences associated with high market concentration.
捷克共和国和斯洛伐克公共利益实体审计市场集中度的衡量标准
摘要本文的目的是确定捷克和斯洛伐克共和国公共利益实体的审计市场是否仍然集中,并随后确定集中程度。本文包含的数据包括2017年至2020年对捷克共和国和斯洛伐克的公共利益实体进行法定审计的审计实体的信息。竞争水平由赫芬达尔-赫希曼指数和CR4指数确定,使用法定审计收入作为计算市场份额的基础。结果表明,捷克和斯洛伐克的公共利益实体审计市场高度集中,捷克共和国的集中度(HHI 0.25)高于斯洛伐克(HHI 0.23)。四大审计市场在这两个国家的市场份额都在90%(斯洛伐克)至95%(捷克)之间,这四家公司在公共利益实体内提供了高达70%的法定审计。与此同时,毕马威和普华永道的市场地位最强。该文件为捷克共和国和斯洛伐克近年来的发展背景下公共利益实体的审计市场集中度提供了新的证据,因此可以作为随后讨论高市场集中度相关后果的基础。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
Danube
Danube Social Sciences-Law
CiteScore
1.30
自引率
0.00%
发文量
15
审稿时长
23 weeks
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