The accounting firm is a typical"human cooperation"enterprise,and the partners are the most valuable resources of the firm.The general meeting of partners is the highest authority of the accounting firm and one of the core and key institutions of the firm's internal governance.Due to the limitation of data,there are few papers on the large sample empirical analysis of the general meeting of partners.We obtained the archival data of the members of the partnership from 2013 to 2020 from the regulators,and studied the impact of the stability of the partner team on the audit quality on the firm level.It is found that the more stable the partner team is,the lower the audit quality of the firm is,indicating that the dynamic change of the partner team is conducive to the metabolism of the partner team of the firm,which is also conducive to improving the audit quality of the firm.Further study found that the internally promoted partners and the normal retirement of elderly partners is the main factor to improve the audit quality of the firm.This research not only enriches the large sample empirical literature on internal governance of accounting firms,but also helps to improve the indicator system of comprehensive ranking mechanism of accounting firms.
partner teamstabilitypartner promotionretirement of partners
NETL
NSTL
万方数据
