Audit business firms and the Colombian stock market
DOI:
https://doi.org/10.15665/dem.v18i4.2320Abstract
The objective of this study is to measure the concentration levels in the auditing business market in Colombia for the period 2010-2018, using the concentration index methodology allowing us to know the number and share of audit firms that make up the market, using the Hirschman-Herfindahl index, the n-firm concentration ratio, and Adelman’s number’s-equivalent index. Results indicate that the audit market for companies listed on the Colombian stock market is highly concentrated on the Big Four, preventing small firms from entering that market.
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