AUDIT CONCENTRATION BY SEGMENT IN COMPANIES LISTED ON B3 FROM 2013 TO 2022

Detalhes bibliográficos
Autor(a) principal: Belém, Israel Vila Verde
Data de Publicação: 2024
Outros Autores: Matos, Eduardo Bona Safe de, Nasu, Vitor Hideo
Tipo de documento: Artigo
Idioma: por
Título da fonte: Revista Universo Contábil
Texto Completo: https://ojsrevista.furb.br/ojs/index.php/universocontabil/article/view/11457
Resumo: This study aims to analyze the degree of concentration of the independent audit market in companies listed on B3 by segment from 2013 to 2022 (the last ten years). For this, we created a database from several sources. We collected financial data from the Economática and Refinitiv platforms, as well as from the sites of B3, CVM, and the analyzed companies. We analyzed data in general and by three variables (Customer: 3,413 observations; Total Assets: 3,324 observations; and Revenue: 2,928 observations). We used the Herfindahl-Hirschman (HHI) and Concentration Ratio (CR4) indicators as metrics of audit concentration. As the main results, there was a significant concentration of the audit market in Brazil when considering the variables Revenue and Total Assets, while the Client variable did not show concentration regarding the CR4 indicator in recent years and had limited or moderate concentration regarding the HHI indicator. Other evidence suggests that, in smaller markets, with companies that hold a relevant share of Revenue and Total Assets, the audit change from BIG4 to non-BIG4 can result in substantial changes in concentration ratios. The present study contributes to the literature by analyzing the year and segment, providing a specific and comparative understanding of how the audit market is concentrated in each sector based on three criteria (Client, Asset, and Revenue).
id FURB-5_aa1cbe730bc1afc050bb1f777ec60991
oai_identifier_str oai:ojs.bu.furb.br:article/11457
network_acronym_str FURB-5
network_name_str Revista Universo Contábil
repository_id_str
spelling AUDIT CONCENTRATION BY SEGMENT IN COMPANIES LISTED ON B3 FROM 2013 TO 2022CONCENTRACIÓN DE AUDITORÍA POR SEGMENTO EN SOCIEDADES LISTADAS EN B3 DE 2013 A 2022CONCENTRAÇÃO DE AUDITORIA POR SEGMENTO NAS EMPRESAS LISTADAS NA B3 DE 2013 A 2022Concentração de AuditoriaPoder de MercadoBIG4Índice HHIÍndice CR4Concentración de AuditoríaPoder de MercadoBIG4Índice HHIÍndice CR4Audit concentrationMarket powerBIG4HHI IndexCR4 IndexThis study aims to analyze the degree of concentration of the independent audit market in companies listed on B3 by segment from 2013 to 2022 (the last ten years). For this, we created a database from several sources. We collected financial data from the Economática and Refinitiv platforms, as well as from the sites of B3, CVM, and the analyzed companies. We analyzed data in general and by three variables (Customer: 3,413 observations; Total Assets: 3,324 observations; and Revenue: 2,928 observations). We used the Herfindahl-Hirschman (HHI) and Concentration Ratio (CR4) indicators as metrics of audit concentration. As the main results, there was a significant concentration of the audit market in Brazil when considering the variables Revenue and Total Assets, while the Client variable did not show concentration regarding the CR4 indicator in recent years and had limited or moderate concentration regarding the HHI indicator. Other evidence suggests that, in smaller markets, with companies that hold a relevant share of Revenue and Total Assets, the audit change from BIG4 to non-BIG4 can result in substantial changes in concentration ratios. The present study contributes to the literature by analyzing the year and segment, providing a specific and comparative understanding of how the audit market is concentrated in each sector based on three criteria (Client, Asset, and Revenue).Este estudio tiene como objetivo analizar el grado de concentración del mercado de auditoría independiente en las empresas que cotizan en B3, por segmento, de 2013 a 2022 (últimos diez años). Para ello se creó una base de datos a partir de varias fuentes. Los datos financieros fueron recolectados de las plataformas Economática y Refinitiv, así como de los sitios de B3, CVM y las empresas analizadas. Los datos fueron analizados en general y por tres variables (Cliente: 3.413 observaciones; Activos Totales: 3.324 observaciones; Ingresos: 2.928 observaciones). Como métricas de concentración de auditoría se calculó los indicadores Herfindahl-Hirschman (HHI) y Concentration Ratio (CR4). Como principales resultados, hubo una concentración significativa del mercado de auditoría en Brasil al considerar las variables Ingresos y Activos Totales, mientras que la variable Cliente no mostró concentración con respecto al indicador CR4 en los últimos años y tuvo una concentración limitada o moderada con respecto al indicador HHI. Otra evidencia sugiere que, en mercados más pequeños, con empresas que tienen una participación relevante de Ingresos y Activos Totales, el cambio de auditoría de BIG4 a no BIG4 puede resultar en cambios sustanciales en los índices de concentración. El presente estudio contribuye a la literatura al realizar el análisis por año y segmento, brindando una comprensión específica y comparativa de cómo se concentra el mercado de auditoría en cada sector con base en tres criterios (Cliente, Activos y Ingresos).O presente estudo tem por objetivo analisar o grau de concentração do mercado de auditoria independente nas empresas listadas na B3, por segmento, no período de 2013 a 2022 (últimos dez anos). Para tanto, um banco de dados foi elaborado a partir de diversas fontes. Foram coletados dados financeiros das plataformas Economática e Refinitiv, bem como dos sítios da B3, da CVM e das companhias analisadas. Os dados foram analisados de forma geral e por três variáveis (Cliente: 3.413 observações; Ativo: 3.324 observações; e Receita: 2.928 observações). Como métricas da concentração de auditoria, foram calculados os indicadores Herfindahl-Hirschman (HHI) e Razão de Concentração (CR4). Como principais resultados, constatou-se uma concentração significativa do mercado de auditoria no Brasil ao considerar as variáveis Receita e Ativo Total, enquanto a variável Cliente não apresentou concentração quanto ao indicador CR4 nos últimos anos e possuiu limitada ou moderada concentração quanto ao indicador HHI. Outras evidências sugerem que, em mercados menores, com companhias que detenham parcela relevante da Receita e Ativo Total, a mudança de auditoria de BIG4 para não-BIG4 pode resultar em alterações substanciais nos índices de concentração. O presente estudo contribui para a literatura ao realizar a análise por ano e segmento ao proporcionar, de maneira específica e comparada, como o mercado de auditoria está concentrado em cada setor a partir de três critérios (Cliente, Ativo e Receita).Universidade Regional de Blumenau2024-04-16info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://ojsrevista.furb.br/ojs/index.php/universocontabil/article/view/1145710.4270/ruc.2023109Revista Universo Contábil; v. 19 n. 1 (2023): Revista Universo Contábil 1809-33371809-3337reponame:Revista Universo Contábilinstname:Universidade Regional de Blumenau (FURB)instacron:FURBporhttps://ojsrevista.furb.br/ojs/index.php/universocontabil/article/view/11457/6113Copyright (c) 2024 Revista Universo Contábilinfo:eu-repo/semantics/openAccessBelém, Israel Vila VerdeMatos, Eduardo Bona Safe deNasu, Vitor Hideo2024-04-17T20:12:03Zoai:ojs.bu.furb.br:article/11457Revistahttps://proxy.furb.br/ojs/index.php/universocontabil/PUBhttps://proxy.furb.br/ojs/index.php/universocontabil/oai||universocontabil@furb.br1809-33371809-3337opendoar:2024-04-17T20:12:03Revista Universo Contábil - Universidade Regional de Blumenau (FURB)false
dc.title.none.fl_str_mv AUDIT CONCENTRATION BY SEGMENT IN COMPANIES LISTED ON B3 FROM 2013 TO 2022
CONCENTRACIÓN DE AUDITORÍA POR SEGMENTO EN SOCIEDADES LISTADAS EN B3 DE 2013 A 2022
CONCENTRAÇÃO DE AUDITORIA POR SEGMENTO NAS EMPRESAS LISTADAS NA B3 DE 2013 A 2022
title AUDIT CONCENTRATION BY SEGMENT IN COMPANIES LISTED ON B3 FROM 2013 TO 2022
spellingShingle AUDIT CONCENTRATION BY SEGMENT IN COMPANIES LISTED ON B3 FROM 2013 TO 2022
Belém, Israel Vila Verde
Concentração de Auditoria
Poder de Mercado
BIG4
Índice HHI
Índice CR4
Concentración de Auditoría
Poder de Mercado
BIG4
Índice HHI
Índice CR4
Audit concentration
Market power
BIG4
HHI Index
CR4 Index
title_short AUDIT CONCENTRATION BY SEGMENT IN COMPANIES LISTED ON B3 FROM 2013 TO 2022
title_full AUDIT CONCENTRATION BY SEGMENT IN COMPANIES LISTED ON B3 FROM 2013 TO 2022
title_fullStr AUDIT CONCENTRATION BY SEGMENT IN COMPANIES LISTED ON B3 FROM 2013 TO 2022
title_full_unstemmed AUDIT CONCENTRATION BY SEGMENT IN COMPANIES LISTED ON B3 FROM 2013 TO 2022
title_sort AUDIT CONCENTRATION BY SEGMENT IN COMPANIES LISTED ON B3 FROM 2013 TO 2022
author Belém, Israel Vila Verde
author_facet Belém, Israel Vila Verde
Matos, Eduardo Bona Safe de
Nasu, Vitor Hideo
author_role author
author2 Matos, Eduardo Bona Safe de
Nasu, Vitor Hideo
author2_role author
author
dc.contributor.author.fl_str_mv Belém, Israel Vila Verde
Matos, Eduardo Bona Safe de
Nasu, Vitor Hideo
dc.subject.por.fl_str_mv Concentração de Auditoria
Poder de Mercado
BIG4
Índice HHI
Índice CR4
Concentración de Auditoría
Poder de Mercado
BIG4
Índice HHI
Índice CR4
Audit concentration
Market power
BIG4
HHI Index
CR4 Index
topic Concentração de Auditoria
Poder de Mercado
BIG4
Índice HHI
Índice CR4
Concentración de Auditoría
Poder de Mercado
BIG4
Índice HHI
Índice CR4
Audit concentration
Market power
BIG4
HHI Index
CR4 Index
description This study aims to analyze the degree of concentration of the independent audit market in companies listed on B3 by segment from 2013 to 2022 (the last ten years). For this, we created a database from several sources. We collected financial data from the Economática and Refinitiv platforms, as well as from the sites of B3, CVM, and the analyzed companies. We analyzed data in general and by three variables (Customer: 3,413 observations; Total Assets: 3,324 observations; and Revenue: 2,928 observations). We used the Herfindahl-Hirschman (HHI) and Concentration Ratio (CR4) indicators as metrics of audit concentration. As the main results, there was a significant concentration of the audit market in Brazil when considering the variables Revenue and Total Assets, while the Client variable did not show concentration regarding the CR4 indicator in recent years and had limited or moderate concentration regarding the HHI indicator. Other evidence suggests that, in smaller markets, with companies that hold a relevant share of Revenue and Total Assets, the audit change from BIG4 to non-BIG4 can result in substantial changes in concentration ratios. The present study contributes to the literature by analyzing the year and segment, providing a specific and comparative understanding of how the audit market is concentrated in each sector based on three criteria (Client, Asset, and Revenue).
publishDate 2024
dc.date.none.fl_str_mv 2024-04-16
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://ojsrevista.furb.br/ojs/index.php/universocontabil/article/view/11457
10.4270/ruc.2023109
url https://ojsrevista.furb.br/ojs/index.php/universocontabil/article/view/11457
identifier_str_mv 10.4270/ruc.2023109
dc.language.iso.fl_str_mv por
language por
dc.relation.none.fl_str_mv https://ojsrevista.furb.br/ojs/index.php/universocontabil/article/view/11457/6113
dc.rights.driver.fl_str_mv Copyright (c) 2024 Revista Universo Contábil
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Copyright (c) 2024 Revista Universo Contábil
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Universidade Regional de Blumenau
publisher.none.fl_str_mv Universidade Regional de Blumenau
dc.source.none.fl_str_mv Revista Universo Contábil; v. 19 n. 1 (2023): Revista Universo Contábil
1809-3337
1809-3337
reponame:Revista Universo Contábil
instname:Universidade Regional de Blumenau (FURB)
instacron:FURB
instname_str Universidade Regional de Blumenau (FURB)
instacron_str FURB
institution FURB
reponame_str Revista Universo Contábil
collection Revista Universo Contábil
repository.name.fl_str_mv Revista Universo Contábil - Universidade Regional de Blumenau (FURB)
repository.mail.fl_str_mv ||universocontabil@furb.br
_version_ 1798945118298832896

Registros relacionados