Privacy & Market Concentration: Intended & Unintended Consequences of the GDPR

2019 ◽  
Author(s):  
Garrett Johnson ◽  
Scott Shriver
Keyword(s):  
Market Concentration ◽  
Unintended Consequences

scholarly journals Will mandatory audit firm rotation reduce audit market concentration in South Africa?

2021 ◽  
Vol 52 (1) ◽  
Author(s):  
Nicolene Wesson
Keyword(s):  
South Africa ◽  
South African ◽  
Audit Quality ◽  
Market Concentration ◽  
Unintended Consequences ◽  
Calculated Concentration ◽  
Audit Firm ◽  
Audit Market ◽  
Big 4 ◽  
Mandatory Audit Firm Rotation

Purpose: Deconcentrating the audit market was one of the stated objectives of the proposed mandatory audit firm rotation (MAFR) ruling in South Africa. With MAFR being a contentious topic, this study aimed to explore the possible effect of MAFR on audit market concentration in South Africa in anticipation of the implementation thereof in 2023.Design/methodology/approach: A sample of 415 South African listed companies was studied for the period 2010–2018. Data were mainly captured from annual reports. Descriptive statistics and significance testing were performed on calculated concentration ratios and identified audit firm rotations.Findings/results: South African audit market concentration mirrored empirical evidence from most developed countries – with Big 4 audit firms dominating the audit market, whilst a monopoly within the Big 4 audit firm grouping was also evident. Based on observed audit firm concentration and audit firm rotation behaviour, it was anticipated that MAFR might further increase audit market concentration. A concerning result was the sheer scale of audit firm rotations to be carried out in anticipation of MAFR in 2023.Practical implications: This study identified the impairment of audit quality and increased costs as possible unintended consequences of MAFR in South Africa.Originality/value: This study contributed to the limited body of knowledge on the possible effect of MAFR in South Africa. This study proposed alternatives to MAFR and recommended areas for future research to support evidence-based decisions on remedies to address audit quality and audit market concentration in South Africa.

The Effects of Mandatory Audit Firm Rotation on Client Importance and Audit Industry Concentration

2017 ◽  
Vol 93 (1) ◽  
pp. 1-27 ◽  
Author(s):  
Christopher Bleibtreu ◽  
Ulrike Stefani
Keyword(s):  
Market Concentration ◽  
Unintended Consequences ◽  
The European Union ◽  
Audit Firm ◽  
Bidding Strategies ◽  
Audit Market ◽  
Rotation System ◽  
Economic Forces ◽  
Mandatory Audit Firm Rotation ◽  
Equilibrium Number

ABSTRACT Recently, a system of audit firm rotation has been implemented for the audits of listed companies conducted in the European Union (EU). In the U.S., in contrast, the regulator decided against such rotation. Whereas proponents argue that rotation would strengthen independence and decrease audit market concentration, opponents stress the importance of auditors' learning effects, which would be eliminated by a change in auditors. In extending the market matching model of Salop (1979), we provide an analysis that integrates these contradictory views. We assume that both auditors' industry expertise and their experience in auditing a client decrease audit costs. We investigate the bidding strategies applied to re-acquire clients that were lost due to rotation, auditors' profit contributions, the equilibrium number of auditors (i.e., audit market concentration), and the economic importance of specific clients. Our findings indicate that the regulators' goals of simultaneously decreasing client importance and audit market concentration are in direct conflict and, therefore, the rotation system might have unintended consequences. Our model, thus, suggests how different institutional parameters give rise to economic forces that can support diverging decisions regarding the implementation of MAR.

Strategic colorblindness: The paradox of unintended consequences

2007 ◽  
Author(s):  
Evan P. Apfelbaum ◽  
Samuel R. Sommers ◽  
Michael I. Norton
Keyword(s):  
Unintended Consequences

Aviation and the Microbiome

2020 ◽  
Vol 91 (8) ◽  
pp. 651-661
Author(s):  
Joshua T. Davis ◽  
Hilary A. Uyhelji
Keyword(s):  
Psychological Health ◽  
Aviation Safety ◽  
Autism Spectrum ◽  
Unintended Consequences ◽  
Microbial Colonization ◽  
Future Research ◽  
Aerospace Medicine ◽  
Medical Certification ◽  
Physical Disorders ◽  
The Impact

INTRODUCTION: Although the impact of microorganisms on their hosts has been investigated for decades, recent technological advances have permitted high-throughput studies of the collective microbial genomes colonizing a host or habitat, also known as the microbiome. This literature review presents an overview of microbiome research, with an emphasis on topics that have the potential for future applications to aviation safety. In humans, research is beginning to suggest relationships of the microbiome with physical disorders, including type 1 and type 2 diabetes mellitus, cardiovascular disease, and respiratory disease. The microbiome also has been associated with psychological health, including depression, anxiety, and the social complications that arise in autism spectrum disorders. Pharmaceuticals can alter microbiome diversity, and may lead to unintended consequences both short and long-term. As research strengthens understanding of the connections between the microbiota and human health, several potential applications for aerospace medicine and aviation safety emerge. For example, information derived from tests of the microbiota has potential future relevance for medical certification of pilots, accident investigation, and evaluation of fitness for duty in aerospace operations. Moreover, air travel may impact the microbiome of passengers and crew, including potential impacts on the spread of disease nationally and internationally. Construction, maintenance, and cleaning regimens that consider the potential for microbial colonization in airports and cabin environments may promote the health of travelers. Altogether, the mounting knowledge of microbiome effects on health presents several opportunities for future research into how and whether microbiome-based insights could be used to improve aviation safety.Davis JT, Uyhelji HA. Aviation and the microbiome. Aerosp Med Hum Perform. 2020; 91(8):651–661.

A Donor Influenced by Local Dynamics

2016 ◽  
Vol 2 (1) ◽  
pp. 51-69 ◽  
Author(s):  
Setsuko Matsuzawa
Keyword(s):  
Poverty Alleviation ◽  
Rural Poverty ◽  
Unintended Consequences ◽  
Local Dynamics ◽  
Grant Program ◽  
Local Actors ◽  
Research Interviews ◽  
National Model ◽  
Management Project ◽  
Development Discourses

This article explores the relations between a foreign aid donor and local actors in the context of the dissemination of development discourses and practices in an authoritarian context. It addresses the question “To what extent may the local dynamics alter the original goals of a donor and lead to unintended consequences?” Based on archival research, interviews, and secondary literature, this case study examines the Yunnan Uplands Management Project (YUM) in 1990–95, the Ford Foundation's first grant program on rural poverty alleviation in China. While the Foundation did not attain its main goal of making YUM a national model for poverty alleviation, the local actors were able to use YUM to develop individual capacities and to build roles for themselves as development actors in the form of associations and nongovernmental organizations, resulting in further support from the Foundation. The study contributes to our understanding of donor-local actor dynamics by highlighting the gaps between the original goals of a donor and the perspectives and motivations of local actors. The study suggests that local dynamics may influence the goals of donors and the ways they seek to disseminate development discourses and practices to local actors, despite the common conception of donors as hegemonic or culturally imperialistic.

Reducing Unintended Consequences of Agricultural Phosphorus

2019 ◽  
Vol 103 (1) ◽  
pp. 33-35 ◽  
Author(s):  
Don Flaten ◽  
Andrew Sharpley ◽  
Helen Jarvie ◽  
Peter Kleinman
Keyword(s):  
Sustainable Management ◽  
Unintended Consequences ◽  
Valuable Resource

This article reflects upon the challenges we face in agricultural P management and provides a discussion about opportunities to promote more comprehensive and sustainable management of this valuable resource.

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