Journal article
Productivity Growth in the Public Accounting Industry: The Roles of Information Technology and Human Capital
Auditing : a journal of practice and theory, v 30(1)
01 Feb 2011
Abstract
In this paper we decompose productivity growth into four components: efficiency change, technical progress, information technology (IT) capital accumulation, and human capital accumulation. We analyze data on the operations of 51 public accounting firms in Taiwan for the years 1993 and 2003, and find that productivity growth was driven primarily by the accumulation of IT capital and human capital. We also find that the difference in productivity growth between Big 4 and non-Big 4 accounting firms is attributable to technical progress and, especially, IT capital accumulation. Further, our multiple regression results indicate that accounting firms that had high growth in non-audit services (NAS) during the 11-year period enjoyed significantly higher productivity growth through greater IT capital and human capital accumulation than firms that remained focused on traditional audit services.
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Details
- Title
- Productivity Growth in the Public Accounting Industry: The Roles of Information Technology and Human Capital
- Creators
- Hsihui Chang - Drexel UniversityJengfang Chen - National Cheng Kung UniversityRong-Ruey Duh - National Taiwan UniversityShu-Hsing Li - National Taiwan University
- Publication Details
- Auditing : a journal of practice and theory, v 30(1)
- Publisher
- Amer Accounting Assoc
- Number of pages
- 28
- Resource Type
- Journal article
- Language
- English
- Academic Unit
- Accounting
- Web of Science ID
- WOS:000287774700002
- Scopus ID
- 2-s2.0-80051742166
- Other Identifier
- 991019168753904721
InCites Highlights
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- Collaboration types
- Domestic collaboration
- International collaboration
- Web of Science research areas
- Business, Finance