Juha-Pekka Kallunki

Nov 27, 2024 | onlinelibrary.wiley.com | Ting Dong |Juha-Pekka Kallunki |Henrik Nilsson |Ann Vanstraelen

1 INTRODUCTION Human capital is among the most important assets for professional service organizations such as audit firms. Theoretical studies show that audit partnerships should reward more talented partners with a larger ownership stake to achieve a higher return for the firm and prevent talented partners from leaving the firm (Gilson & Mnookin, 1985; Huddart & Liang, 2003).