publication . Article . Other literature type . 2005

Productivity Change, Technical Progress, and Relative Efficiency Change in the Public Accounting Industry

Rajiv D. Banker; Hsihui Chang; Ram Natarajan;
Open Access
  • Published: 01 Feb 2005 Journal: Management Science, volume 51, pages 291-304 (issn: 0025-1909, eissn: 1526-5501, Copyright policy)
  • Publisher: Institute for Operations Research and the Management Sciences (INFORMS)
Abstract
We present evidence on components of productivity change in the public accounting industry toward the end of the 20th century. Using revenue and human resource data from 64 of the 100 largest public accounting firms in the United States for the 1995--1999 period, we analyze productivity change, technical progress, and relative efficiency change over time. The average public accounting firm experienced a productivity growth of 9.5% between 1995 and 1999. We find support for the hypothesis that technical progress rather than an improvement in relative efficiency was the reason for this productivity growth. Firms that were early movers into management advisory serv...
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Subjects
free text keywords: Management Science and Operations Research, Strategy and Management, public accounting, productivity change, technical progress, relative efficiency, management advisory services, auditing, taxation services, Technical progress, Productivity change, Efficiency, Human resources, business.industry, business, Economics, Public economics, Productivity, Revenue, Public accounting, Labour economics, Audit
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