Partnership Law and Its Spawn

Change Management: An International Journal, Volume 17, Issue 1

Posted: 29 Mar 2018

See all articles by Kevin McMeeking

Kevin McMeeking

University of Exeter Business School - Department of Finance

Rachel F. Baskerville

Victoria University of Wellington - School of Accounting and Commercial Law

Dalice Sim

University of Otago

Date Written: March 22, 2017

Abstract

Institutional theory discusses whether organizations enhance their survival by converging around socially legitimated forms.

This study contributes to this literature by examining the evolution of strategic choices among mid-tier and large accounting firms. The results show that the change in percentage of income from audit activities is different for the partnership and LLP firms over the period 2005–2013. Inflation adjusted fees per partner are not statistically significantly different from 2005 to 2013.

The results suggest that a spread of offices, specialisation, and the degree of hierarchy lead to efficiencies of operations and wealth enhancement (through changes in fees per partner), but LLP choice per se does not necessarily increase fees.

Keywords: LLP, Big 4, Limited Liability Partnerships, Audit Fees

JEL Classification: M40, L22

Suggested Citation

McMeeking, Kevin and Baskerville, Rachel F. and Sim, Dalice, Partnership Law and Its Spawn (March 22, 2017). Change Management: An International Journal, Volume 17, Issue 1, Available at SSRN: https://ssrn.com/abstract=3146706

Kevin McMeeking

University of Exeter Business School - Department of Finance ( email )

Streatham Court
Exeter, EX4 4PU
United Kingdom
01392 263206 (Phone)
01392 263210 (Fax)

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

Dalice Sim

University of Otago ( email )

P.O. Box 56
Dunedin, Otago 9010
New Zealand

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