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Scientific paper - Preliminary note / Short communication
AUDIT MARKET CONCENTRATION – EVIDENCE FROM CROATIA
Ekonomski vjesnik : Review of Contemporary Entrepreneurship, Business, and Economic Issues, 28 (2015), 2; 339-356. urn:nbn:hr:145:728610
Sever Mališ, Sanja; Brozović, Mateja

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Sever Mališ, S. & Brozović, M. (2015). AUDIT MARKET CONCENTRATION – EVIDENCE FROM CROATIA. Ekonomski vjesnik : Review of Contemporary Entrepreneurship, Business, and Economic Issues, 28. (2), 339-356. Retrieved from https://urn.nsk.hr/urn:nbn:hr:145:728610

Sever Mališ, Sanja and Mateja Brozović. "AUDIT MARKET CONCENTRATION – EVIDENCE FROM CROATIA." Ekonomski vjesnik : Review of Contemporary Entrepreneurship, Business, and Economic Issues, vol. 28, no. 2, 2015, pp. 339-356. https://urn.nsk.hr/urn:nbn:hr:145:728610

Sever Mališ, Sanja and Mateja Brozović. "AUDIT MARKET CONCENTRATION – EVIDENCE FROM CROATIA." Ekonomski vjesnik : Review of Contemporary Entrepreneurship, Business, and Economic Issues 28, no. 2 (2015): 339-356. https://urn.nsk.hr/urn:nbn:hr:145:728610

Sever Mališ, S. and Brozović, M. (2015) 'AUDIT MARKET CONCENTRATION – EVIDENCE FROM CROATIA', Ekonomski vjesnik : Review of Contemporary Entrepreneurship, Business, and Economic Issues, 28(2), pp. 339-356. Available at: https://urn.nsk.hr/urn:nbn:hr:145:728610 (Accessed 05 November 2024)

Sever Mališ S, Brozović M. AUDIT MARKET CONCENTRATION – EVIDENCE FROM CROATIA. Ekonomski vjesnik : Review of Contemporary Entrepreneurship, Business, and Economic Issues [Internet]. 2015 December 30 [cited 2024 November 05];28(2):339-356. Available at: https://urn.nsk.hr/urn:nbn:hr:145:728610

S. Sever Mališ and M. Brozović, "AUDIT MARKET CONCENTRATION – EVIDENCE FROM CROATIA", Ekonomski vjesnik : Review of Contemporary Entrepreneurship, Business, and Economic Issues, vol. 28, no. 2, pp. 339-356, December 2015. [Online]. Available at: https://urn.nsk.hr/urn:nbn:hr:145:728610. [Accessed: 05 November 2024]

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Metadata
Title (english)AUDIT MARKET CONCENTRATION – EVIDENCE FROM CROATIA
AuthorSanja Sever Mališ
AuthorMateja Brozović
Author's institutionUniversity of Zagreb
Faculty of Economics and Business
Scientific / art field,
discipline and subdiscipline		SOCIAL SCIENCES
Economics
Abstract (english)
Statutory audit is designated to protect the public interest and has a significant impact on the overall economy. There are concerns that the Big Four audit firms have become too dominant and that the collapse of one of these firms would disrupt the whole financial system. In terms of revenues received, the total market share of the Big Four audit firms for listed companies exceeds 90% in a vast majority of European Union Member States. Prior studies have shown that high audit market concentration limits the choice of auditor for large companies and sets a high barrier of entry for mid-tier audit firms, while the effect on audit quality and audit fees is still unclear. Therefore, the regulators are considering reforms to dilute the Big Four’s dominance and improve competition in the audit market. The paper reviews the proposed and implemented measures that are the most common, together with their advantages and drawbacks. In addition, the characteristics of the audit market in Croatia are investigated, with a focus on market concentration measured by standard measures such as the Concentration rate, the Herfindahl Hirschman Index and the Gini coefficient. According to market shares based on total clients’ assets and revenues, the audit market for listed companies is moderately to highly concentrated, with a decrease in the five-year period (2013 compared to 2008).
Keywords (english)
Languageenglish
Publication typeScientific paper - Preliminary note / Short communication
Publication statusPublished
Peer reviewPeer review - international
Publication versionPublished version
Journal titleEkonomski vjesnik : Review of Contemporary Entrepreneurship, Business, and Economic Issues
Numberingvol. 28, no. 2, pp. 339-356
p-ISSN0353-359X
e-ISSN1847-2206
URN:NBNurn:nbn:hr:145:728610
Publication2015-12-30
Document URLhttp://hrcak.srce.hr/150375
Type of resourceText
Access conditionsOpen access
Terms of useLicence Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0) icon
Created on2017-03-06 14:28:47