| Summary: | 碩士 === 國立雲林科技大學 === 會計系 === 107 === It’s highly competitive in the market of audit firms, and every audit firms pursues better profit. It makes the partners of audit firms understand in which stage of the life cycle the firms are, and implement appropriate management strategy to maintain competitive advantage by studying the organizational life cycle of public audit firms in Taiwan.
Empirical data are obtained from the 2005–2016 Survey Report of Public Accounting Firms in Taiwan, published by the Financial Supervisory Commission, Executive Yuan, Taiwan, R.O.C. In this study, using principal component analysis method to extract the human capital variable that has relationship with operating performance from previously possible proxy for human capital：education, staff experience, and training. Next, the human capital variable is imported into the Cobb–Douglas revenue function model with other independent variables to analyze the life cycle of the accounting industry in Taiwan.
The empirical results found that education is the key human capital variable that has relationship with operating performance in the large audit firms, and staff experience is the key human capital variable that has relationship with operating performance in the medium-sized audit firms. Whether it is a large or medium-sized audit firm, as the years of establishment of the audit firm increases, the operating performance gradually grows, and it slowly declines after reaching the highest point. The organizational life cycle of audit firms is the shape of parabola, and the life cycle can be characterized by three stages： the youth, the adult and the old stage. However, in comparison, the life cycle of large firms fluctuates slowly, while the life cycle of medium-sized firms fluctuates dramatically.
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