Labor supply and accounting firm mergers
Name
1191223817-MIT.pdf
Size
1.61 MB
Format
Adobe PDF
Checksum (MD5)
db3267e84e0809351a314276872b983e
Author(s)
Abramova, Inna,Ph. D.Massachusetts Institute of Technology.
Advisor(s)
Joseph P. Weber.
Date Issued
2020
Publisher
Massachusetts Institute of Technology
Abstract
In this paper, I study how regulation-induced accounting labor supply shocks affect the audit market. Using a novel dataset that includes both large and small accounting firms, I identify labor supply shocks using the 150-Hour Rule and the Mobility Provision and investigate the resulting incidence of mergers and acquisitions (M&A). I find that a reduction in labor supply increases accounting firms' M&A activity and leads to a higher audit market concentration. My results suggest that accounting firm growth decisions and audit market structure depend on the supply of labor.
Description
Thesis: Ph. D., Massachusetts Institute of Technology, Sloan School of Management, 2020
Cataloged from the official PDF of thesis.
Includes bibliographical references (pages 36-39).
Subjects
Sloan School of Management.
MIT Department
Sloan School of Management
Terms of Use
MIT theses may be protected by copyright. Please reuse MIT thesis content according to the MIT Libraries Permissions Policy, which is available through the URL provided.
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