Measuring large UK accounting firm profit margins, mergers and concentration: a political economy of the accounting firm

摘要: This paper examines the relationship between UK accounting firm mergers and increases in profit margins enjoyed by large firms. Cowling’s monopoly capitalism model provides theoretical framework. The empirical parts of this draw on a number quantitative sources, including fees staff numbers disclosed firms, official salary data survey data. Correlation is used to show that reliable source evidence. are then construct an indicator concentration, merger impact big margins. Regression estimate close positive concentration results confirm hypothesis lead profits. complements Hanlon’s “commercialisation accounting” thesis providing alternative framework for examining firms bringing sources evidence bear.