The Measure of Concentration of Audit Markets in Public Interest Entities in the Czech Republic and Slovakia

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F23%3A43923685" target="_blank" >RIV/62156489:43110/23:43923685 - isvavai.cz</a>

Result on the web

<a href="https://doi.org/10.2478/danb-2023-0010" target="_blank" >https://doi.org/10.2478/danb-2023-0010</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.2478/danb-2023-0010" target="_blank" >10.2478/danb-2023-0010</a>

Result language

angličtina

Original language name

The Measure of Concentration of Audit Markets in Public Interest Entities in the Czech Republic and Slovakia

Original language description

The aim of the paper is to determine whether the audit market for public interest entities in the Czech and Slovak Republic has been still concentrated and subsequently to determine the measure of concentration. The article consists of data including information from audit entities that perform statutory audit of public interest entities in the Czech Republic and Slovakia on timeline 2017-2020. On the level of competition is identified by the Herfindahl-Hirschman Index and the CR4 Index, using the revenues of statutory audit as a basis for calculating market shares. The results show that the Czech and Slovak audit markets for public interest entities have been highly concentrated, with a higher measure of concentration in the Czech Republic (HHI 0.25) than in Slovakia (HHI 0.23). The Big Four has had a market share of between 90% (Slovakia) and 95% (Czech Republic) in both countries, with the four firms have been providing up to 70% of all statutory audits within public interest entities. At the same time, KPMG and PWC have had the strongest market position. The paper provides new evidence on audit market concentration of public interest entities in the Czech Republic and Slovakia in the context of development in recent years, and thus can be the basis for a subsequent discussion of the consequences associated with high market concentration.

Czech name

—

Czech description

—

Type

J_SC - Article in a specialist periodical, which is included in the SCOPUS database

CEP classification

—

OECD FORD branch

50202 - Applied Economics, Econometrics

Project

—

Continuities

S - Specificky vyzkum na vysokych skolach

Publication year

2023

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

DANUBE: Law and Economics Review

ISSN

1804-6746

e-ISSN

1804-8285

Volume of the periodical

14

Issue of the periodical within the volume

2

Country of publishing house

CZ - CZECH REPUBLIC

Number of pages

20

Pages from-to

153-172

UT code for WoS article

—

EID of the result in the Scopus database

2-s2.0-85164837498