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17 novembre 2019
- handle: 10670/1.a3in3u
- hal: hal-01825739
info:eu-repo/semantics/OpenAccess
Mots-clés
Professional Services Firm performance L - Industrial Organization/L.L8 - Industry Studies: Services/L.L8.L84 - Personal, Professional, and Business Services -fin]/Trading and Market Microstructure [q-fin.TR]Sujets proches
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Edouard Ribes, « A model of professional service firms performance with an application to US accounting firms », HAL-SHS : économie et finance, ID : 10670/1.a3in3u
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Résumé
This paper models the dynamics of professional services firms performance. To do so, it first describes how those firms produce their specific outputs and how their productivity drives competitiveness. The associated equilibrium in then used to propose profit optimal organic and inorganic growth strategies, which are then discussed to account for the effect of potential future technological disruption.Applying the proposed theory to US accounting firms explains the differences in performance observed between large (i.e. more than 50 partners) and small (i.e. less than 50 partners) accounting partnerships and suggests that small (resp. large) US accounting partnerships mainly grow inorganically (resp. organically).