IDEAS home Printed from https://ideas.repec.org/a/bla/perwir/v5y2004i2p211-225.html
   My bibliography  Save this article

Bilanzskandale - Eine institutionenökonomische Analyse

Author

Listed:
  • Christian Müller

Abstract

In this paper, recent accounting scandals in Germany are traced back to a serious incentive problem in German auditing law. Since the auditor depends economically on his client, contrary to the legislator's intention, a factual forcing contract is established which enables the client to control his auditor's performance almost completely. As a solution to this problem the proposal of a Demsetz auction of the auditing monopoly is developed, including a mandatory rotation of auditing firms. I shall argue that this proposal not only alleviates the problem of auditing fraud in an incentive-compatible way but may also serve as an effective barrier against concentration in the auditing market. Copyright Verein für Socialpolitik und Blackwell Publishers Ltd, 2004

Suggested Citation

  • Christian Müller, 2004. "Bilanzskandale - Eine institutionenökonomische Analyse," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 5(2), pages 211-225, May.
    • Handle: RePEc:bla:perwir:v:5:y:2004:i:2:p:211-225
    as

    Download full text from publisher

    File URL: http://www.blackwell-synergy.com/servlet/useragent?func=synergy&synergyAction=showTOC&journalCode=pers&volume=5&issue=2&year=2004&part=null
    File Function: link to full text
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Arrunada, Benito & Paz-Ares, Candido, 1997. "Mandatory rotation of company auditors: A critical examination," International Review of Law and Economics, Elsevier, vol. 17(1), pages 31-61, March.
    2. Sinn, Hans-Werner, 1997. "The selection principle and market failure in systems competition," Journal of Public Economics, Elsevier, vol. 66(2), pages 247-274, November.
    3. Quick, R. & Marten, K.-U. & Ruhnke, K., 2001. "Wirtschaftsprüfung, Grundlagen des betriebswirtschaftlichen Prüfungswesens nach nationalen und internationalen Normen," Publications of Darmstadt Technical University, Institute for Business Studies (BWL) 67734, Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL).
    4. repec:mhr:untord:urn:isbn:9783163450837 is not listed on IDEAS
    Full references (including those not matched with items on IDEAS)

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:perwir:v:5:y:2004:i:2:p:211-225. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing) or (Christopher F. Baum). General contact details of provider: http://edirc.repec.org/data/vfsocea.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.