| Summary: | 碩士 === 國立中興大學 === 會計學研究所 === 101 === The audit market of China is low market share, competitive, low quality of audit phenomenon, on the contrary to oligopoly audit. Previous studies showed that one of the reasons is the lack of demand to high quality accountants. Although the Chinese government in the early 1990 asked local-government-affiliated auditors to delink from the government but still can’t improve auditors’ quality and independence. Since a series of scandals outbreak, the Government promote a series of reforms to protect shareholders'' interests. I use the number of customers to calculate the Herfindahl index, as a proxy for market competition, and use Ordered Probit regression models to detect the relationship between the audit market share and these reasons which are China’s legal environment’s reform, Full Circulation Reform, the percentage owned by QFII ,and some industries.
My empirical results show that executing the legal environment promote, the split share structure reform, the QFII system, and some rules to choose a large accounting firm services for enhance the audit market share, reduce competition in the market up to a certain extent, except in terms of the QFII foreign institutional investors. In order to attract foreign institutional investors and improve corporate governance mechanisms to enhance the quality of the accounting firm audit market more robust ,environmental regimes need to be strengthened to improve.
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