Abstract:Using a hand-collected unbalanced panel of data for Korean accounting firms from the year 1997 to 2018, this paper analyzes the production function relating the output of accounting firms as a function of two labor inputs and a capital input along with contextual variables that influence the relationship between the three inputs and the single output. The major results from the empirical analysis of this study are drawn as follows. First, this study finds that both the economies of scale and the economies of s… Show more
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