Archive: Accounting Research Seminar
Internalizing Externalities: Disclosure Regulation for Hydraulic Fracturing Fluids and Water Quality
The rise of shale gas and tight oil development has triggered a major public debate about hydraulic fracturing…
The rise of shale gas and tight oil development has triggered a major public debate about hydraulic fracturing (HF). In an effort to mitigate shale gas development risks, U.S. state…
Financial Leverage and Expected Stock Returns
This paper examines the cross-sectional relation between leverage and future stock returns. Prior research…
This paper examines the cross-sectional relation between leverage and future stock returns. Prior research documents a puzzling negative correlation. We show that it is largely caused by…
Exploring the Accrual Landscape by Open Science
In an influential study, Bushman, Lerman, and Zhang (2016) document that the cash flow accrual association…
In an influential study, Bushman, Lerman, and Zhang (2016) document that the cash flow accrual association diminishes over time in the U.S. They identify non-timing related accruals as the…
Trust, Investment and Competition: Theory and Evidence from German Car Manufacturers
Based on data from a comprehensive benchmarking study on buyer-supplier relationships in the German automotive…
Based on data from a comprehensive benchmarking study on buyer-supplier relationships in the German automotive industry, we show that more trust in a relationship is associated with higher…
Does industry employment of active regulators compromise oversight?
I study whether industry employment of active regulators compromises oversight. To examine this question, I…
I study whether industry employment of active regulators compromises oversight. To examine this question, I exploit that the Financial Reporting Enforcement Panel (FREP), the German…
The Certification Role of Company Awards for Private Firms
This paper examines the impact of company awards for fast-growing private firms on firms’ future growth and…
This paper examines the impact of company awards for fast-growing private firms on firms’ future growth and performance. We expect that firms use such awards as a certification of quality,…
Strategic Syndication: Is Bad News Shared in Loan Syndicates?
We investigate whether lead arrangers opportunistically withhold their private information from participant…
We investigate whether lead arrangers opportunistically withhold their private information from participant lenders and how this behavior affects the structure of loan syndicates. Using an FDA…
Public Peers, Accounting Comparability, and Value Relevance of Private Firms’ Financial Reporting
We examine whether higher accounting comparability between public and private firms increases the value…
We examine whether higher accounting comparability between public and private firms increases the value relevance of private firms’ financial reporting. We first conduct a series of interviews…
Ignorance is Bliss: Effects of Real Earnings Management by Rank-and-File Employees and the Role of Managers
This study uses an interactive experiment to investigate the effects of real earnings management by…
This study uses an interactive experiment to investigate the effects of real earnings management by rank-and-file employees to meet internal performance targets on their performance. We also…
