The critical global role of audit firms, combined with the scarcity of qualified staff and downward pressure on fees, has increased the importance of understanding efficiency in this industry. This paper examines the technical and allocative inefficiencies of audit firm staffing using data from...

Supporting stakeholder theory we demonstrate that a firm's major customers and suppliers influence its corporate governance. We document a negative contemporaneous association between corporate governance G-index and the presence of major customers and suppliers. Consistent with the causal link...