The Impact of Globalization on Professional Accounting Firms: Evidence from New Zealand

Accounting History, Vol. 15, No. 3, 2010

24 Pages Posted: 10 Sep 2010

See all articles by Rachel F. Baskerville

Rachel F. Baskerville

Victoria University of Wellington - School of Accounting and Commercial Law

David Hay

University of Auckland - Business School

Date Written: July 3, 2010

Abstract

This study examines how the survivors survived the turbulence of affiliations and global mergers among accounting firms in the 1980s. The core data in this project are narratives from an oral history study of partners in large New Zealand accounting firms in the 1980s. The survival of accounting firms and the careers of their partners were substantially affected by their ability to form and maintain affiliations with global firms. The major benefit of Big 8 affiliation was improved auditing technology, and formerly important audit firms without an affiliation to a Big 8 firm disintegrated. Over the same period, accounting firms generally also became more managerial and bureaucratic. This was consistent with trends in other professional organizations.

Keywords: Accounting, globalization, mergers, New Zealand, professional firms

JEL Classification: M4, F23

Suggested Citation

Baskerville, Rachel F. and Hay, David, The Impact of Globalization on Professional Accounting Firms: Evidence from New Zealand (July 3, 2010). Accounting History, Vol. 15, No. 3, 2010, Available at SSRN: https://ssrn.com/abstract=1634467

Rachel F. Baskerville (Contact Author)

Victoria University of Wellington - School of Accounting and Commercial Law ( email )

Faculty of Commerce and Administration
PO Box 600
Wellington
New Zealand
006444636951 (Phone)
006444635076 (Fax)

HOME PAGE: http://www.victoria.ac.nz/sacl/staff/rachel-baskerville.aspx

David Hay

University of Auckland - Business School ( email )

12 Grafton Rd
Auckland, 1010
New Zealand

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