Aggregate Quasi Rents and Auditor Independence: Evidence from Audit Firm Mergers in China*

Contemporary Accounting ResearchVolume 28, Issue 1 p. 175-213 Aggregate Quasi Rents and Auditor Independence: Evidence from Audit Firm Mergers in China† K. HUNG CHAN, K. HUNG CHAN Lingnan UniversitySearch for more papers by this authorDONGHUI WU, DONGHUI WU The Hong Kong Polytechnic UniversitySearch for more papers by this author K. HUNG CHAN, K. HUNG CHAN Lingnan UniversitySearch for more papers by this authorDONGHUI WU, DONGHUI WU The Hong Kong Polytechnic UniversitySearch for more papers by this author First published: 13 December 2010 https://doi.org/10.1111/j.1911-3846.2010.01046.xCitations: 129 † Accepted by Dan Simunic. We thank the two anonymous reviewers, Dan Simunic (associate editor), Clive Lennox (the discussant), Shimin Chen, Michael Firth, Jere Francis, In-Mu Haw, Phyllis Mo, Katherine Schipper, Nancy Su, James Xie, and Danqing Young, as well as the participants of the 2008 American Accounting Association Annual Meeting in Anaheim, the 2009 Contemporary Accounting Research/Journal of Contemporary Accounting and Economics Special Joint Symposium, and workshops at the Chinese University of Hong Kong and Shanghai University of Finance and Economics for their helpful comments. The financial support of the Hong Kong Polytechnic University (research grant no. A-PA6K) is gratefully acknowledged. 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