Auditor market share, product differentiation and audit fees
Article Abstract:
The Bix Six audit companies appear to charge more than other companies in the Hong Kong market. Higher fees can be charged by these companies because their names are associated with quality. Demand for their services is also boosted by the presence of foreign investors in Hong Kong. Price differentiation is not evident for large local companies. Product differentiation appears to be the reason for the price premium, rather than exploitation of their power in the market.
Publication Name: Accounting and Business Research
Subject: Business
ISSN: 0001-4788
Year: 1996
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Evolution of the application of present value to valuation of non-monetary resources
Article Abstract:
The way in which the application of present value changes to the valuation of non-monetary resources are studied. The first real evidence of discounting to economic problems involving non-monetary resources occurred in 1730, when the present value of wood was entered into the valuation calculation. Further evidence of its use is shown in a number of cases during the seventeenth century. Many people believe that this practice did not occur until the eighteen hundreds.
Publication Name: Accounting and Business Research
Subject: Business
ISSN: 0001-4788
Year: 1996
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The accuracy of earnings forecasts in IPO prospectuses on the Kuala Lumpur Stock Exchange
Article Abstract:
Evidence indicates that accounting professionals working for Malaysian body initial public offerings (IPOs) underestimated Kuala Lumpur, Malaysia, Stock Exchange earnings by 33.37% in the years between 1984 and 1995. It would seem that earnings forecast figures varied with industry and company history during this period.
Publication Name: Accounting and Business Research
Subject: Business
ISSN: 0001-4788
Year: 1998
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