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...

Do Managers Manipulate Earnings Prior to Management Buyouts?

To address the question as to whether managers manipulate accounting numbers downwards prior to management buyouts (MBOs), we implement an...

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...

Whose Trojan Horse? The Dynamics of Resistance against IFRS

The introduction of International Financial Reporting Standards (IFRS) has been debated in the United States since at least the accounting scandals of...

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...

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...

The Effect of Regulatory Harmonization on Cross-border Labor Migration:Evidence from the Accounting Profession

The paper examines whether international regulatory harmonization increases cross-border labor migration. To study this question, we analyze...

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...

Shock-Based Causal Inference in Corporate Finance and Accounting Research

We study shock-based methods for credible causal inference in corporate finance research. We focus on corporate governance research, survey 13,461...