Accounting

Mandatory IFRS Reporting Around the World: Early Evidence on the Economic Consequences

Motivation, Information, Negotiation: Why Fiduciary Accountability Cannot Be Negotiable

In the debate over contractual freedom or enabling-versus-mandatory rules in fiduciary law, those who do not adhere to an unbridled contractatian...

Conditional Control: The Consequences of Expanding Creditors’ Right to Initiate Bankruptcy

We study the effects of a court decision granting creditors the power to force into bankruptcy corporate debtors whose liabilities exceed their assets...

Dividend Payouts and Information Shocks

We examine changes in firms? dividend payouts following an exogenous shock to the information asymmetry problem between managers and investors....

Earnings Management around Founder CEO Re-appointments and Successions in Family Firms

This paper studies CEO re-appointment and succession events in listed family firms with an incumbent family CEO in France, Germany and the UK over...

Different Approaches to Corporate Reporting Regulation: How Jurisdictions Differ and Why

This paper discusses differences in countries’ approaches to reporting regulation and explores the reasons why they exist in the first place as well...

Accounting and Convergence in Corporate Governance: Doctrinal or Economic Path Dependence?

Convergence in corporate governance has been debated for more than 20 years. This paper seeks to explain convergence – and the lack thereof – in...

Mandatory IFRS Reporting and Changes in Enforcement

In recent years, reporting under International Financial Reporting Standards (IFRS) became mandatory in many countries. The capital-market effects...

The Economics of Disclosure and Financial Reporting Regulation: Evidence and Suggestions for Future Research

This paper discusses the empirical literature on the economic consequences of disclosure and financial reporting regulation, drawing on U.S. and...

Did Fair-Value Accounting Contribute to the Financial Crisis?

Do Managers Successfully Shop for Compliant Auditors? Evidence from Accounting Estimates

Existing research on opinion shopping focuses primarily on managers’ attempts to switch auditors in order to avoid the receipt of an unfavorable...

Standard Setting for Accountants and the Role of the Public Interest Oversight Board

Standard setting for accountants and auditors takes places in international bodies, organised within the framework of the International Federation...