Bleibtreu, Christopher; Stefani, Ulrike - Fachbereich Wirtschaftswissenschaften, Universität Konstanz - 2011
independence and on reducing the high level of audit market concentration. Based on a model in the tradition of the circular market … independence can have counter-productive secondary effects on audit market concentration. In fact, our model demonstrates that … incentives for independence and the structure of the audit market are simultaneously determined. Because market shares are …