Changes in European and Australian companies when they choose a 'Big 5' auditor?

Article Abstract:

A study of 193 companies in Australia and Europe which chose to use one of the five major public accounting firms for their professional auditing services found following the change the 5-year average effective interest declined for many of the companies. Overall the firms experienced an improvement to cost-of-capital. Two out of three firms who chose new auditors had decreased dividends, reduced operating income to total capital and raised same-year-sales per worker. Five year averages of ratios were used in the study as comparing individual years was felt to be inaccurate.

Australia, Accounting, auditing, & bookkeeping, Accounting & Auditing Services, Accounting, Tax Preparation, Bookkeeping, and Payroll Services, Research, Auditing, Accounting firms, Accounting services, Business enterprises

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Parent's contribution and management control of joint ventures

Article Abstract:

The management contributions of parents in joint venture companies are analyzed and new model a three dimensional management approach is presented.

Management dynamics, Models, Management, Joint ventures, Parents, Company business management, Business performance management

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