[{"user_id":"15866","department":[{"_id":"635"},{"_id":"186"},{"_id":"551"}],"_id":"37089","file_date_updated":"2024-05-21T11:06:28Z","language":[{"iso":"eng"}],"ddc":["330"],"keyword":["insol database","insolvency process","Germany","court fillings"],"type":"working_paper","file":[{"date_created":"2024-05-21T11:06:28Z","creator":"ast","date_updated":"2024-05-21T11:06:28Z","access_level":"closed","file_id":"54378","file_name":"ahlers_etal.pdf","file_size":760825,"content_type":"application/pdf","relation":"main_file","success":1}],"status":"public","abstract":[{"text":"This research note links the legal framework of the insolvency process of German firms to the information available in the newly-constructed insol database. In particular, the database contains information from documents published by German insolvency courts in period 2005- 2022. This research note first presents the insolvency process with steps and events of the process as determined by the Insolvency Law (InsO). Next, it classifies the documents to specific steps and events, and then presents their information content using textual analysis. Specifically, we identify target phrases via manual document checks and then create regular expressions for the target phrases. Classification of documents allows us to sketch most common paths that insolvent firms go through.","lang":"eng"}],"date_created":"2023-01-17T12:50:09Z","author":[{"full_name":"Ahlers, Theresa","last_name":"Ahlers","first_name":"Theresa"},{"last_name":"Edossa","full_name":"Edossa, Fikir Worku","first_name":"Fikir Worku"},{"first_name":"Matthias","full_name":"Uckert, Matthias","last_name":"Uckert"},{"first_name":"Urska","last_name":"Kosi","id":"54068","full_name":"Kosi, Urska"}],"date_updated":"2024-05-21T11:09:44Z","title":"Insolvcency Process in Germany and the insol database: A research Note","publication_status":"published","has_accepted_license":"1","citation":{"ama":"Ahlers T, Edossa FW, Uckert M, Kosi U. <i>Insolvcency Process in Germany and the Insol Database: A Research Note</i>.; 2022.","ieee":"T. Ahlers, F. W. Edossa, M. Uckert, and U. Kosi, <i>Insolvcency Process in Germany and the insol database: A research Note</i>. 2022.","chicago":"Ahlers, Theresa, Fikir Worku Edossa, Matthias Uckert, and Urska Kosi. <i>Insolvcency Process in Germany and the Insol Database: A Research Note</i>, 2022.","apa":"Ahlers, T., Edossa, F. W., Uckert, M., &#38; Kosi, U. (2022). <i>Insolvcency Process in Germany and the insol database: A research Note</i>.","bibtex":"@book{Ahlers_Edossa_Uckert_Kosi_2022, title={Insolvcency Process in Germany and the insol database: A research Note}, author={Ahlers, Theresa and Edossa, Fikir Worku and Uckert, Matthias and Kosi, Urska}, year={2022} }","mla":"Ahlers, Theresa, et al. <i>Insolvcency Process in Germany and the Insol Database: A Research Note</i>. 2022.","short":"T. Ahlers, F.W. Edossa, M. Uckert, U. Kosi, Insolvcency Process in Germany and the Insol Database: A Research Note, 2022."},"year":"2022"},{"_id":"37131","department":[{"_id":"635"},{"_id":"186"},{"_id":"551"}],"user_id":"15866","keyword":["Transparency regulation","Corporate bond","European market"],"ddc":["330"],"file_date_updated":"2024-05-21T10:45:24Z","language":[{"iso":"eng"}],"type":"working_paper","abstract":[{"lang":"eng","text":"This paper introduces a novel database on the European corporate bond market to analyze the role of transparency regulation and recent developments in bond markets. We use data from the European Securities and Markets Authority (ESMA) to build a comprehensive database covering daily corporate bond listing information in Europe starting in 2018. We then analyze the different market segments of the European bond market along four key areas: (i) time and cross-sectional trends in bond listings; (ii) composition of firms on the market; (iii) firms’ financial reporting transparency; (iv) bond contract terms. Furthermore, we discuss the impact of recent economic events on these key areas."}],"status":"public","file":[{"content_type":"application/pdf","relation":"main_file","success":1,"date_created":"2024-05-21T10:45:24Z","creator":"ast","date_updated":"2024-05-21T10:45:24Z","file_name":"Franke_Kosi_Stoczek.pdf","file_id":"54377","access_level":"closed","file_size":1426835}],"date_updated":"2024-05-21T11:10:24Z","author":[{"first_name":"Benedikt","full_name":"Franke, Benedikt","last_name":"Franke"},{"last_name":"Kosi","full_name":"Kosi, Urska","id":"54068","first_name":"Urska"},{"last_name":"Stoczek","full_name":"Stoczek, Pia","first_name":"Pia"}],"date_created":"2023-01-17T14:27:46Z","title":"Current developments in the European corporate bond market","has_accepted_license":"1","year":"2022","citation":{"ama":"Franke B, Kosi U, Stoczek P. <i>Current Developments in the European Corporate Bond Market</i>.; 2022.","ieee":"B. Franke, U. Kosi, and P. Stoczek, <i>Current developments in the European corporate bond market</i>. 2022.","chicago":"Franke, Benedikt, Urska Kosi, and Pia Stoczek. <i>Current Developments in the European Corporate Bond Market</i>, 2022.","apa":"Franke, B., Kosi, U., &#38; Stoczek, P. (2022). <i>Current developments in the European corporate bond market</i>.","short":"B. Franke, U. Kosi, P. Stoczek, Current Developments in the European Corporate Bond Market, 2022.","bibtex":"@book{Franke_Kosi_Stoczek_2022, title={Current developments in the European corporate bond market}, author={Franke, Benedikt and Kosi, Urska and Stoczek, Pia}, year={2022} }","mla":"Franke, Benedikt, et al. <i>Current Developments in the European Corporate Bond Market</i>. 2022."}},{"type":"working_paper","year":"2022","status":"public","citation":{"mla":"Beyer, Bianca, et al. <i>Does Private Firms’ Disclosure Affect Public Peers’ Information Environment?</i> 2022.","short":"B. Beyer, V. Flagmeier, U. Kosi, Does Private Firms’ Disclosure Affect Public Peers’ Information Environment?, 2022.","bibtex":"@book{Beyer_Flagmeier_Kosi_2022, title={Does private firms’ disclosure affect public peers’ information environment?}, author={Beyer, Bianca and Flagmeier, Vanessa and Kosi, Urska}, year={2022} }","apa":"Beyer, B., Flagmeier, V., &#38; Kosi, U. (2022). <i>Does private firms’ disclosure affect public peers’ information environment?</i>","ieee":"B. Beyer, V. Flagmeier, and U. Kosi, <i>Does private firms’ disclosure affect public peers’ information environment?</i> 2022.","chicago":"Beyer, Bianca, Vanessa Flagmeier, and Urska Kosi. <i>Does Private Firms’ Disclosure Affect Public Peers’ Information Environment?</i>, 2022.","ama":"Beyer B, Flagmeier V, Kosi U. <i>Does Private Firms’ Disclosure Affect Public Peers’ Information Environment?</i>; 2022."},"_id":"37070","date_updated":"2023-01-17T13:36:09Z","department":[{"_id":"635"},{"_id":"186"},{"_id":"551"}],"user_id":"88603","date_created":"2023-01-17T12:24:02Z","author":[{"full_name":"Beyer, Bianca","last_name":"Beyer","first_name":"Bianca"},{"first_name":"Vanessa","last_name":"Flagmeier","id":"8084","full_name":"Flagmeier, Vanessa"},{"first_name":"Urska","id":"54068","full_name":"Kosi, Urska","last_name":"Kosi"}],"title":"Does private firms’ disclosure affect public peers’ information environment?","language":[{"iso":"eng"}]},{"main_file_link":[{"url":"https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4040946"}],"title":"CSR Reporting under the Non-Financial Reporting Directive: Evidence from Non-publicly Listed Firms","author":[{"id":"64226","full_name":"Gulenko, Maryna","last_name":"Gulenko","first_name":"Maryna"},{"full_name":"Kohlhase, Saskia","last_name":"Kohlhase","first_name":"Saskia"},{"first_name":"Urska","last_name":"Kosi","full_name":"Kosi, Urska","id":"54068"}],"date_created":"2023-01-17T12:40:09Z","date_updated":"2023-01-18T13:59:33Z","citation":{"short":"M. Gulenko, S. Kohlhase, U. Kosi, CSR Reporting under the Non-Financial Reporting Directive: Evidence from Non-Publicly Listed Firms, 2022.","bibtex":"@book{Gulenko_Kohlhase_Kosi_2022, title={CSR Reporting under the Non-Financial Reporting Directive: Evidence from Non-publicly Listed Firms}, author={Gulenko, Maryna and Kohlhase, Saskia and Kosi, Urska}, year={2022} }","mla":"Gulenko, Maryna, et al. <i>CSR Reporting under the Non-Financial Reporting Directive: Evidence from Non-Publicly Listed Firms</i>. 2022.","apa":"Gulenko, M., Kohlhase, S., &#38; Kosi, U. (2022). <i>CSR Reporting under the Non-Financial Reporting Directive: Evidence from Non-publicly Listed Firms</i>.","ama":"Gulenko M, Kohlhase S, Kosi U. <i>CSR Reporting under the Non-Financial Reporting Directive: Evidence from Non-Publicly Listed Firms</i>.; 2022.","ieee":"M. Gulenko, S. Kohlhase, and U. Kosi, <i>CSR Reporting under the Non-Financial Reporting Directive: Evidence from Non-publicly Listed Firms</i>. 2022.","chicago":"Gulenko, Maryna, Saskia Kohlhase, and Urska Kosi. <i>CSR Reporting under the Non-Financial Reporting Directive: Evidence from Non-Publicly Listed Firms</i>, 2022."},"year":"2022","language":[{"iso":"eng"}],"keyword":["Corporate social responsibility","Mandatory reporting","Non-publicly listed banks","Double materiality","Stakeholder groups","Political influence"],"user_id":"88603","department":[{"_id":"635"},{"_id":"186"},{"_id":"551"}],"_id":"37088","status":"public","abstract":[{"text":"We examine variation in mandatory CSR reporting practices based on a large sample of non-publicly listed savings banks in Germany. They do not have typical shareholders but rather are established by municipal trustees and can serve clients only in their distinct operating area. This setting permits us to identify demand for CSR information by their main stakeholder groups – municipal trustees and private and corporate clients. In this way, our analysis focuses on the double-materiality approach to CSR reporting. We find that demand for CSR information by supervisory board chairperson belonging to a left-wing or green party and the presence of more supervisory board members belonging to a left-wing or green party are associated with longer CSR reports and more disclosure on environmental, social, employee and human rights matters. In addition, competition for private clients and the sustainability orientation of corporate clients are associated with longer reports and more disclosure on environmental, employee and human rights matters. These findings suggest that savings banks’ CSR reports cater to their principal stakeholders’ demand for CSR information.","lang":"eng"}],"type":"working_paper"},{"citation":{"ieee":"R. Ichev, J. Koren, U. Kosi, K. Sitar Sustar, and A. Valentincic, <i>Cost of Debt for Private Firms Revisited: Voluntary Audits as a Reflection of Risk</i>. 2021.","chicago":"Ichev, Riste, Jernej Koren, Urska Kosi, Katarina Sitar Sustar, and Aljosa Valentincic. <i>Cost of Debt for Private Firms Revisited: Voluntary Audits as a Reflection of Risk</i>, 2021.","ama":"Ichev R, Koren J, Kosi U, Sitar Sustar K, Valentincic A. <i>Cost of Debt for Private Firms Revisited: Voluntary Audits as a Reflection of Risk</i>.; 2021.","apa":"Ichev, R., Koren, J., Kosi, U., Sitar Sustar, K., &#38; Valentincic, A. (2021). <i>Cost of Debt for Private Firms Revisited: Voluntary Audits as a Reflection of Risk</i>.","short":"R. Ichev, J. Koren, U. Kosi, K. Sitar Sustar, A. Valentincic, Cost of Debt for Private Firms Revisited: Voluntary Audits as a Reflection of Risk, 2021.","mla":"Ichev, Riste, et al. <i>Cost of Debt for Private Firms Revisited: Voluntary Audits as a Reflection of Risk</i>. 2021.","bibtex":"@book{Ichev_Koren_Kosi_Sitar Sustar_Valentincic_2021, title={Cost of Debt for Private Firms Revisited: Voluntary Audits as a Reflection of Risk}, author={Ichev, Riste and Koren, Jernej and Kosi, Urska and Sitar Sustar, Katarina and Valentincic, Aljosa}, year={2021} }"},"year":"2021","author":[{"last_name":"Ichev","full_name":"Ichev, Riste","first_name":"Riste"},{"last_name":"Koren","full_name":"Koren, Jernej","first_name":"Jernej"},{"id":"54068","full_name":"Kosi, Urska","last_name":"Kosi","first_name":"Urska"},{"last_name":"Sitar Sustar","full_name":"Sitar Sustar, Katarina","first_name":"Katarina"},{"full_name":"Valentincic, Aljosa","last_name":"Valentincic","first_name":"Aljosa"}],"date_created":"2023-01-17T15:03:08Z","date_updated":"2023-01-18T13:40:40Z","main_file_link":[{"url":"https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3853927"}],"title":"Cost of Debt for Private Firms Revisited: Voluntary Audits as a Reflection of Risk","type":"working_paper","status":"public","abstract":[{"text":"This study examines the relation between voluntary audit and the cost of debt in private firms. We use a sample of 4,058 small private firms operating in the period 2006‐2017 that are not subject to mandatory audits. Firms decide for a voluntary audit of financial statements either because the economic setting in which they operate effectively forces them to do so (e.g., ownership complexity, export‐oriented supply chain, subsidiary status) or because firm fundamentals and/or financial reporting practices limit their access to financial debt, both reflected in earnings quality. We use these factors to model the decision for voluntary audit. In the outcome analyses, we find robust evidence that voluntary audits are associated with higher, rather than lower, interest rate by up to 3.0 percentage points. This effect is present regardless of the perceived audit quality (Big‐4 vs. non‐Big‐4), but is stronger for non‐Big‐4 audits where auditees have a stronger position relative to auditors. Audited firms’ earnings are less informative about future operating performance relative to unaudited counterparts. We conclude that voluntary audits facilitate access to financial debt for firms with higher risk that may otherwise have no access to this form of financing. The price paid is reflected in higher interest rates charged to firms with voluntary audits – firms with higher information and/or fundamental risk.","lang":"eng"}],"user_id":"88603","department":[{"_id":"635"},{"_id":"186"},{"_id":"551"}],"_id":"37136","language":[{"iso":"eng"}],"keyword":["private firms","voluntary audit","cost of debt","self‐selection bias","risk"]},{"jel":["M41","C23","L21","P20"],"citation":{"short":"A. Valentincic, A. Novak, U. Kosi, Accounting in Europe 14 (2017) 358–387.","bibtex":"@article{Valentincic_Novak_Kosi_2017, title={Accounting quality in private firms during the transition towards international standards}, volume={14}, DOI={<a href=\"https://doi.org/10.1080/17449480.2017.1378821\">10.1080/17449480.2017.1378821</a>}, number={3}, journal={Accounting in Europe}, author={Valentincic, Aljosa and Novak, Ales and Kosi, Urska}, year={2017}, pages={358–387} }","mla":"Valentincic, Aljosa, et al. “Accounting Quality in Private Firms during the Transition towards International Standards.” <i>Accounting in Europe</i>, vol. 14, no. 3, 2017, pp. 358–87, doi:<a href=\"https://doi.org/10.1080/17449480.2017.1378821\">10.1080/17449480.2017.1378821</a>.","apa":"Valentincic, A., Novak, A., &#38; Kosi, U. (2017). Accounting quality in private firms during the transition towards international standards. <i>Accounting in Europe</i>, <i>14</i>(3), 358–387. <a href=\"https://doi.org/10.1080/17449480.2017.1378821\">https://doi.org/10.1080/17449480.2017.1378821</a>","ama":"Valentincic A, Novak A, Kosi U. Accounting quality in private firms during the transition towards international standards. <i>Accounting in Europe</i>. 2017;14(3):358-387. doi:<a href=\"https://doi.org/10.1080/17449480.2017.1378821\">10.1080/17449480.2017.1378821</a>","chicago":"Valentincic, Aljosa, Ales Novak, and Urska Kosi. “Accounting Quality in Private Firms during the Transition towards International Standards.” <i>Accounting in Europe</i> 14, no. 3 (2017): 358–87. <a href=\"https://doi.org/10.1080/17449480.2017.1378821\">https://doi.org/10.1080/17449480.2017.1378821</a>.","ieee":"A. Valentincic, A. Novak, and U. Kosi, “Accounting quality in private firms during the transition towards international standards,” <i>Accounting in Europe</i>, vol. 14, no. 3, pp. 358–387, 2017, doi: <a href=\"https://doi.org/10.1080/17449480.2017.1378821\">10.1080/17449480.2017.1378821</a>."},"intvolume":"        14","page":"358-387","publication_status":"published","doi":"10.1080/17449480.2017.1378821","author":[{"first_name":"Aljosa","last_name":"Valentincic","full_name":"Valentincic, Aljosa"},{"first_name":"Ales","full_name":"Novak, Ales","last_name":"Novak"},{"last_name":"Kosi","id":"54068","full_name":"Kosi, Urska","first_name":"Urska"}],"volume":14,"date_updated":"2023-01-24T15:34:31Z","status":"public","type":"journal_article","user_id":"54068","department":[{"_id":"551"},{"_id":"635"},{"_id":"186"}],"_id":"3542","year":"2017","issue":"3","title":"Accounting quality in private firms during the transition towards international standards","date_created":"2018-07-11T08:57:03Z","abstract":[{"lang":"eng","text":"We study the historical development of Slovenian Accounting Standards (SAS) and their association with accounting quality (AQ). We focus on private firms where the financial reporting process is characterised by low demand for high-quality reporting. We investigate three distinct editions of SAS since 1994 and test how their development towards international standards is related to AQ. Aggregate earnings management measures indicate that the use of accounting discretion decreases with less earnings smoothing over time. The main features of AQ have been consistent throughout historical development. Asymmetric timeliness of earnings, the ability of earnings to predict future cash flows, and the ability of accruals to mitigate mismatching are all present throughout. We also document typical departures from properties of high AQ. For example, accruals do not (always) facilitate timely recognition of losses. However, these can be attributed to the overwhelming influence of reporting incentives (e.g. taxation, debt, size) rather than to the (lower) quality of accounting standards.\r\n\r\n\r\n     \r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n \r\n\r\n\r\n\r\n Full Article  \r\n  Figures & data  \r\n References \r\n  Citations  \r\n \r\n Metrics \r\n  Reprints & Permissions \r\n  PDF \r\n \r\n \r\n\r\n\r\n\r\n\r\nAbstract\r\n\r\n\r\nWe study the historical development of Slovenian Accounting Standards (SAS) and their association with accounting quality (AQ). We focus on private firms where the financial reporting process is characterised by low demand for high-quality reporting. We investigate three distinct editions of SAS since 1994 and test how their development towards international standards is related to AQ. Aggregate earnings management measures indicate that the use of accounting discretion decreases with less earnings smoothing over time. The main features of AQ have been consistent throughout historical development. Asymmetric timeliness of earnings, the ability of earnings to predict future cash flows, and the ability of accruals to mitigate mismatching are all present throughout. We also document typical departures from properties of high AQ. For example, accruals do not (always) facilitate timely recognition of losses. However, these can be attributed to the overwhelming influence of reporting incentives (e.g. taxation, debt, size) rather than to the (lower) quality of accounting standards."}],"publication":"Accounting in Europe","language":[{"iso":"eng"}],"keyword":["private firms","accounting quality","development of accounting standards","IFRS-like standards","Slovenia"]},{"date_created":"2018-08-22T07:16:25Z","title":"Are international accounting standards more credit relevant than domestic standards?","issue":"1","year":"2016","keyword":["IFRS","debt markets","credit ratings","credit relevance"],"language":[{"iso":"eng"}],"publication":"Accounting and Business Research","abstract":[{"lang":"eng","text":"We examine whether the credit relevance of financial statements, defined as the ability of accounting numbers to explain credit ratings, is higher after firms are required to report under International Financial Reporting Standards (IFRS). We find an improvement in credit relevance for firms in 17 countries after mandatory IFRS reporting is introduced in 2005; this increase is higher than that reported for a matched sample of US firms. The increase in credit relevance is particularly pronounced for higher risk speculative-grade issuers, where accounting information is predicted to be more important; and for IFRS adopters with large first-time reconciliations, where the impact of IFRS is expected to be greater. These tests provide reassurance that the overall enhancement in estimated credit relevance is driven by accounting changes related to IFRS adoption. Our results suggest that credit rating analysts’ views of economic fundamentals are more closely aligned with IFRS numbers, and that analysts anticipate at least some of the effects of the IFRS transition."}],"date_updated":"2023-01-18T13:41:47Z","author":[{"first_name":"Annita","full_name":"Florou, Annita","last_name":"Florou"},{"last_name":"Kosi","id":"54068","full_name":"Kosi, Urska","first_name":"Urska"},{"last_name":"Pope","full_name":"Pope, Peter F","first_name":"Peter F"}],"volume":47,"doi":"10.1080/00014788.2016.1224968","publication_status":"published","citation":{"mla":"Florou, Annita, et al. “Are International Accounting Standards More Credit Relevant than Domestic Standards?” <i>Accounting and Business Research</i>, vol. 47, no. 1, 2016, pp. 1–29, doi:<a href=\"https://doi.org/10.1080/00014788.2016.1224968\">10.1080/00014788.2016.1224968</a>.","short":"A. Florou, U. Kosi, P.F. Pope, Accounting and Business Research 47 (2016) 1–29.","bibtex":"@article{Florou_Kosi_Pope_2016, title={Are international accounting standards more credit relevant than domestic standards?}, volume={47}, DOI={<a href=\"https://doi.org/10.1080/00014788.2016.1224968\">10.1080/00014788.2016.1224968</a>}, number={1}, journal={Accounting and Business Research}, author={Florou, Annita and Kosi, Urska and Pope, Peter F}, year={2016}, pages={1–29} }","apa":"Florou, A., Kosi, U., &#38; Pope, P. F. (2016). Are international accounting standards more credit relevant than domestic standards? <i>Accounting and Business Research</i>, <i>47</i>(1), 1–29. <a href=\"https://doi.org/10.1080/00014788.2016.1224968\">https://doi.org/10.1080/00014788.2016.1224968</a>","ama":"Florou A, Kosi U, Pope PF. Are international accounting standards more credit relevant than domestic standards? <i>Accounting and Business Research</i>. 2016;47(1):1-29. doi:<a href=\"https://doi.org/10.1080/00014788.2016.1224968\">10.1080/00014788.2016.1224968</a>","chicago":"Florou, Annita, Urska Kosi, and Peter F Pope. “Are International Accounting Standards More Credit Relevant than Domestic Standards?” <i>Accounting and Business Research</i> 47, no. 1 (2016): 1–29. <a href=\"https://doi.org/10.1080/00014788.2016.1224968\">https://doi.org/10.1080/00014788.2016.1224968</a>.","ieee":"A. Florou, U. Kosi, and P. F. Pope, “Are international accounting standards more credit relevant than domestic standards?,” <i>Accounting and Business Research</i>, vol. 47, no. 1, pp. 1–29, 2016, doi: <a href=\"https://doi.org/10.1080/00014788.2016.1224968\">10.1080/00014788.2016.1224968</a>."},"jel":["G15","G33","K20","M41","M48"],"page":"1-29","intvolume":"        47","_id":"4034","user_id":"54068","department":[{"_id":"551"},{"_id":"635"},{"_id":"186"}],"type":"journal_article","status":"public"},{"date_updated":"2023-01-18T14:02:03Z","author":[{"last_name":"Valentincic","full_name":"Valentincic, Aljosa","first_name":"Aljosa"},{"last_name":"Novak","full_name":"Novak, Ales","first_name":"Ales"},{"first_name":"Urska","last_name":"Kosi","full_name":"Kosi, Urska","id":"54068"}],"date_created":"2023-01-17T13:04:16Z","title":"Accounting quality in private firms during the transition to international standards","conference":{"start_date":"2016-07-07","name":"7th Workshop on Accounting and Regulation","location":"Siena, Italy","end_date":"2016-07-09"},"year":"2016","citation":{"ama":"Valentincic A, Novak A, Kosi U. Accounting quality in private firms during the transition to international standards. In: ; 2016.","chicago":"Valentincic, Aljosa, Ales Novak, and Urska Kosi. “Accounting Quality in Private Firms during the Transition to International Standards,” 2016.","ieee":"A. Valentincic, A. Novak, and U. Kosi, “Accounting quality in private firms during the transition to international standards,” presented at the 7th Workshop on Accounting and Regulation, Siena, Italy, 2016.","mla":"Valentincic, Aljosa, et al. <i>Accounting Quality in Private Firms during the Transition to International Standards</i>. 2016.","bibtex":"@inproceedings{Valentincic_Novak_Kosi_2016, title={Accounting quality in private firms during the transition to international standards}, author={Valentincic, Aljosa and Novak, Ales and Kosi, Urska}, year={2016} }","short":"A. Valentincic, A. Novak, U. Kosi, in: 2016.","apa":"Valentincic, A., Novak, A., &#38; Kosi, U. (2016). <i>Accounting quality in private firms during the transition to international standards</i>. 7th Workshop on Accounting and Regulation, Siena, Italy."},"_id":"37098","department":[{"_id":"635"},{"_id":"186"},{"_id":"551"}],"user_id":"88603","language":[{"iso":"eng"}],"type":"conference","status":"public"},{"title":"Does mandatory IFRS adoption facilitate debt financing?","date_created":"2018-08-22T07:47:41Z","year":"2015","issue":"4","keyword":["Accounting regulation","IFRS","Accounting quality","Public and private debt markets","Cost of debt"],"language":[{"iso":"eng"}],"abstract":[{"text":"We examine whether the mandated introduction of International Financial Reporting Standards (IFRS) is associated with the propensity to access the public rather than private debt market and the cost of debt. We use a global sample of public bonds and private loans and find that mandatory IFRS adopters are more likely, post-IFRS, to issue bonds than to borrow privately. We also find that mandatory IFRS adopters pay lower bond yield spreads, but not lower loan spreads, after the mandate. These findings are consistent with debt providers responding positively to financial reporting of higher quality and comparability, but only when there is a greater reliance on publicly available financial statements than private communication. Lastly, we document that the observed debt market benefits are concentrated in countries with larger differences between domestic GAAP and IFRS and are present even for EU countries that did not experience concurrent financial reporting enforcement or other institutional reforms. Overall, our study documents positive economic consequences around the mandated IFRS adoption for corporate debt financing and, in particular, for bond financing.","lang":"eng"}],"publication":"Review of Accounting Studies","doi":"10.1007/s11142","date_updated":"2023-01-24T15:32:37Z","author":[{"first_name":"Annita","last_name":"Florou","full_name":"Florou, Annita"},{"id":"54068","full_name":"Kosi, Urska","last_name":"Kosi","first_name":"Urska"}],"volume":20,"citation":{"mla":"Florou, Annita, and Urska Kosi. “Does Mandatory IFRS Adoption Facilitate Debt Financing?” <i>Review of Accounting Studies</i>, vol. 20, no. 4, 2015, pp. 1407–56, doi:<a href=\"https://doi.org/10.1007/s11142\">10.1007/s11142</a>.","short":"A. Florou, U. Kosi, Review of Accounting Studies 20 (2015) 1407–1456.","bibtex":"@article{Florou_Kosi_2015, title={Does mandatory IFRS adoption facilitate debt financing?}, volume={20}, DOI={<a href=\"https://doi.org/10.1007/s11142\">10.1007/s11142</a>}, number={4}, journal={Review of Accounting Studies}, author={Florou, Annita and Kosi, Urska}, year={2015}, pages={1407–1456} }","apa":"Florou, A., &#38; Kosi, U. (2015). Does mandatory IFRS adoption facilitate debt financing? <i>Review of Accounting Studies</i>, <i>20</i>(4), 1407–1456. <a href=\"https://doi.org/10.1007/s11142\">https://doi.org/10.1007/s11142</a>","ieee":"A. Florou and U. Kosi, “Does mandatory IFRS adoption facilitate debt financing?,” <i>Review of Accounting Studies</i>, vol. 20, no. 4, pp. 1407–1456, 2015, doi: <a href=\"https://doi.org/10.1007/s11142\">10.1007/s11142</a>.","chicago":"Florou, Annita, and Urska Kosi. “Does Mandatory IFRS Adoption Facilitate Debt Financing?” <i>Review of Accounting Studies</i> 20, no. 4 (2015): 1407–56. <a href=\"https://doi.org/10.1007/s11142\">https://doi.org/10.1007/s11142</a>.","ama":"Florou A, Kosi U. Does mandatory IFRS adoption facilitate debt financing? <i>Review of Accounting Studies</i>. 2015;20(4):1407-1456. doi:<a href=\"https://doi.org/10.1007/s11142\">10.1007/s11142</a>"},"jel":["G15","K22","M41","M48"],"page":"1407-1456","intvolume":"        20","publication_status":"published","publication_identifier":{"eissn":["1573-7136"]},"extern":"1","_id":"4035","user_id":"54068","department":[{"_id":"551"},{"_id":"635"},{"_id":"186"}],"status":"public","type":"journal_article"},{"citation":{"ama":"Florou A, Kosi U. Does mandatory IFRS adoption facilitate debt financing? . In: ; 2014.","ieee":"A. Florou and U. Kosi, “Does mandatory IFRS adoption facilitate debt financing? ,” presented at the DART Research Seminar, Graz, Austria, 2014.","chicago":"Florou, Annita, and Urska Kosi. “Does Mandatory IFRS Adoption Facilitate Debt Financing? ,” 2014.","mla":"Florou, Annita, and Urska Kosi. <i>Does Mandatory IFRS Adoption Facilitate Debt Financing? </i>. 2014.","bibtex":"@inproceedings{Florou_Kosi_2014, title={Does mandatory IFRS adoption facilitate debt financing? }, author={Florou, Annita and Kosi, Urska}, year={2014} }","short":"A. Florou, U. Kosi, in: 2014.","apa":"Florou, A., &#38; Kosi, U. (2014). <i>Does mandatory IFRS adoption facilitate debt financing? </i>. DART Research Seminar, Graz, Austria."},"year":"2014","conference":{"location":"Graz, Austria","name":"DART Research Seminar","start_date":"2014-03-03"},"title":"Does mandatory IFRS adoption facilitate debt financing? ","author":[{"full_name":"Florou, Annita","last_name":"Florou","first_name":"Annita"},{"full_name":"Kosi, Urska","id":"54068","last_name":"Kosi","first_name":"Urska"}],"date_created":"2023-01-17T13:20:21Z","date_updated":"2023-01-17T13:36:58Z","status":"public","type":"conference","language":[{"iso":"eng"}],"extern":"1","user_id":"88603","department":[{"_id":"635"},{"_id":"186"},{"_id":"551"}],"_id":"37107"},{"title":"Cost of Debt for Private Firms Revisited: Voluntary Audits as a Reflection of Risk","date_updated":"2023-01-18T14:02:24Z","date_created":"2023-01-17T12:52:18Z","author":[{"first_name":"Jernej","full_name":"Koren, Jernej","last_name":"Koren"},{"last_name":"Kosi","id":"54068","full_name":"Kosi, Urska","first_name":"Urska"},{"first_name":"Aljosa","last_name":"Valentincic","full_name":"Valentincic, Aljosa"}],"year":"2014","citation":{"short":"J. Koren, U. Kosi, A. Valentincic, Cost of Debt for Private Firms Revisited: Voluntary Audits as a Reflection of Risk, 2014.","bibtex":"@book{Koren_Kosi_Valentincic_2014, title={Cost of Debt for Private Firms Revisited: Voluntary Audits as a Reflection of Risk}, author={Koren, Jernej and Kosi, Urska and Valentincic, Aljosa}, year={2014} }","mla":"Koren, Jernej, et al. <i>Cost of Debt for Private Firms Revisited: Voluntary Audits as a Reflection of Risk</i>. 2014.","apa":"Koren, J., Kosi, U., &#38; Valentincic, A. (2014). <i>Cost of Debt for Private Firms Revisited: Voluntary Audits as a Reflection of Risk</i>.","ama":"Koren J, Kosi U, Valentincic A. <i>Cost of Debt for Private Firms Revisited: Voluntary Audits as a Reflection of Risk</i>.; 2014.","chicago":"Koren, Jernej, Urska Kosi, and Aljosa Valentincic. <i>Cost of Debt for Private Firms Revisited: Voluntary Audits as a Reflection of Risk</i>, 2014.","ieee":"J. Koren, U. Kosi, and A. Valentincic, <i>Cost of Debt for Private Firms Revisited: Voluntary Audits as a Reflection of Risk</i>. 2014."},"extern":"1","language":[{"iso":"eng"}],"_id":"37090","department":[{"_id":"635"},{"_id":"186"},{"_id":"551"}],"user_id":"88603","status":"public","type":"working_paper"},{"issue":"1","publication_status":"published","jel":["D72","M41","M48"],"citation":{"chicago":"Kosi, Urska, and Antonia Reither. “Determinants of Corporate Participation in the IFRS 4 (Insurance Contracts) Replacement Process.” <i>Accounting in Europe</i> 11, no. 1 (2014): 89–112. <a href=\"https://doi.org/10.1080/17449480.2014.897459\">https://doi.org/10.1080/17449480.2014.897459</a>.","ieee":"U. Kosi and A. Reither, “Determinants of corporate participation in the IFRS 4 (insurance contracts) replacement process,” <i>Accounting in Europe</i>, vol. 11, no. 1, pp. 89–112, 2014, doi: <a href=\"https://doi.org/10.1080/17449480.2014.897459\">10.1080/17449480.2014.897459</a>.","ama":"Kosi U, Reither A. Determinants of corporate participation in the IFRS 4 (insurance contracts) replacement process. <i>Accounting in Europe</i>. 2014;11(1):89-112. doi:<a href=\"https://doi.org/10.1080/17449480.2014.897459\">10.1080/17449480.2014.897459</a>","short":"U. Kosi, A. Reither, Accounting in Europe 11 (2014) 89–112.","bibtex":"@article{Kosi_Reither_2014, title={Determinants of corporate participation in the IFRS 4 (insurance contracts) replacement process}, volume={11}, DOI={<a href=\"https://doi.org/10.1080/17449480.2014.897459\">10.1080/17449480.2014.897459</a>}, number={1}, journal={Accounting in Europe}, author={Kosi, Urska and Reither, Antonia}, year={2014}, pages={89–112} }","mla":"Kosi, Urska, and Antonia Reither. “Determinants of Corporate Participation in the IFRS 4 (Insurance Contracts) Replacement Process.” <i>Accounting in Europe</i>, vol. 11, no. 1, 2014, pp. 89–112, doi:<a href=\"https://doi.org/10.1080/17449480.2014.897459\">10.1080/17449480.2014.897459</a>.","apa":"Kosi, U., &#38; Reither, A. (2014). Determinants of corporate participation in the IFRS 4 (insurance contracts) replacement process. <i>Accounting in Europe</i>, <i>11</i>(1), 89–112. <a href=\"https://doi.org/10.1080/17449480.2014.897459\">https://doi.org/10.1080/17449480.2014.897459</a>"},"page":"89-112","intvolume":"        11","year":"2014","author":[{"first_name":"Urska","id":"54068","full_name":"Kosi, Urska","last_name":"Kosi"},{"last_name":"Reither","full_name":"Reither, Antonia","first_name":"Antonia"}],"date_created":"2018-08-22T07:55:49Z","volume":11,"date_updated":"2023-01-24T15:33:00Z","doi":"10.1080/17449480.2014.897459","title":"Determinants of corporate participation in the IFRS 4 (insurance contracts) replacement process","type":"journal_article","publication":"Accounting in Europe","status":"public","abstract":[{"text":"This study examines the determinants of financial firms' lobbying behaviour in the replacement process of International Financial Reporting Standard 4 (IFRS 4) Insurance Contracts. Based on comment letters in response to International Accounting Standards Board's (IASB) Exposure Draft 2010/8, we investigate firms' lobbying decisions and their long-term lobbying intensity. Using an international sample of publicly listed financial firms, we show that insurance companies and financially constrained IFRS firms are more likely to lobby the IASB. We also examine the long-term lobbying activity in the IFRS 4 replacement process during the years 2007–2010. We find that insurance companies and firms with dispersed ownership lobby more. Our results are stronger for IFRS firms compared to US generally accepted accounting principles users. Overall, we document intense lobbying by financial firms and present results that are largely consistent with economic consequences of anticipated accounting changes being the main driver of firms' lobbying behaviour. These results are in line with prior findings for non-financial firms.","lang":"eng"}],"user_id":"54068","department":[{"_id":"551"},{"_id":"635"},{"_id":"186"}],"_id":"4037","language":[{"iso":"eng"}],"extern":"1","keyword":["standard setting","IASB","corporate lobbying","financial firms","IFRS 4"]},{"year":"2014","abstract":[{"lang":"eng","text":"This study examines the effect of audit on private firms’ cost of debt. We use a sample of 1,949 small private firms operating in the period 2006-2010 with optional financial statement audit. High quality data allows us to construct a more precise interest rate measure than existing studies employ. After controlling for obvious sources of demand for voluntary audits (ownership complexity, subsidiary status, bank relations), we find a robust central result that voluntary audits increase rather than decrease the cost of debt financing, contrary to several existing studies. This finding indicates that voluntary audits are generally treated as “adopting a label” and penalised by creditors, regardless of the perceived auditor quality as a result of the lemon problem in the audit market. Even Big-4 audits increase the cost of debt, likely as a result due to the lemon problem in the audit market, although the increase is smaller than for non-Big-4 audits. The results are sensitive to the estimation method used (OLS, Heckman’s two-step, PSM) and (sub-)sample selection. We show that disregarding the underlying assumptions of these estimation methods may lead to incorrect inferences. Additional analyses show that audited firms’ reported earnings are less informative about future operating performance than earnings of their unaudited counterparts. Our results also indicate that results are sensitive to cost of debt definition and this might have affected the results reported in the existing literature. "}],"citation":{"ama":"Koren J, Kosi U, Valentincic A. Does Financial Statement Audit Reduce the Cost of Debt of Private Firms? <i>SSRN Electronic Journal </i>. Published online 2014.","chicago":"Koren, Jernej, Urska Kosi, and Aljosa Valentincic. “Does Financial Statement Audit Reduce the Cost of Debt of Private Firms?” <i>SSRN Electronic Journal </i>, 2014.","ieee":"J. Koren, U. Kosi, and A. Valentincic, “Does Financial Statement Audit Reduce the Cost of Debt of Private Firms?,” <i>SSRN Electronic Journal </i>, 2014.","apa":"Koren, J., Kosi, U., &#38; Valentincic, A. (2014). Does Financial Statement Audit Reduce the Cost of Debt of Private Firms? <i>SSRN Electronic Journal </i>.","short":"J. Koren, U. Kosi, A. Valentincic, SSRN Electronic Journal  (2014).","mla":"Koren, Jernej, et al. “Does Financial Statement Audit Reduce the Cost of Debt of Private Firms?” <i>SSRN Electronic Journal </i>, 2014.","bibtex":"@article{Koren_Kosi_Valentincic_2014, title={Does Financial Statement Audit Reduce the Cost of Debt of Private Firms?}, journal={SSRN Electronic Journal }, author={Koren, Jernej and Kosi, Urska and Valentincic, Aljosa}, year={2014} }"},"status":"public","type":"journal_article","publication":"SSRN Electronic Journal ","title":"Does Financial Statement Audit Reduce the Cost of Debt of Private Firms?","language":[{"iso":"eng"}],"date_updated":"2023-01-24T15:32:08Z","_id":"4879","author":[{"last_name":"Koren","full_name":"Koren, Jernej","first_name":"Jernej"},{"first_name":"Urska","full_name":"Kosi, Urska","id":"54068","last_name":"Kosi"},{"first_name":"Aljosa","last_name":"Valentincic","full_name":"Valentincic, Aljosa"}],"user_id":"54068","date_created":"2018-10-26T07:39:16Z","department":[{"_id":"551"},{"_id":"635"},{"_id":"186"}]},{"extern":"1","language":[{"iso":"eng"}],"keyword":["private firms","voluntary audit","cost of debt","self-selection bias","lemon problem"],"department":[{"_id":"635"},{"_id":"186"},{"_id":"551"}],"user_id":"88603","_id":"37109","status":"public","abstract":[{"lang":"eng","text":"This study examines the effect of audit on private firms’ cost of debt. We use a sample of 1,949 small private firms operating in the period 2006-2010 with optional financial statement audit. High quality data allows us to construct a more precise interest rate measure than existing studies employ. After controlling for obvious sources of demand for voluntary audits (ownership complexity, subsidiary status, bank relations), we find a robust central result that voluntary audits increase rather than decrease the cost of debt financing, contrary to several existing studies. This finding indicates that voluntary audits are generally treated as “adopting a label” and penalised by creditors, regardless of the perceived auditor quality as a result of the lemon problem in the audit market. Even Big-4 audits increase the cost of debt, likely as a result due to the lemon problem in the audit market, although the increase is smaller than for non-Big-4 audits. The results are sensitive to the estimation method used (OLS, Heckman’s two-step, PSM) and (sub-)sample selection. We show that disregarding the underlying assumptions of these estimation methods may lead to incorrect inferences. Additional analyses show that audited firms’ reported earnings are less informative about future operating performance than earnings of their unaudited counterparts. Our results also indicate that results are sensitive to cost of debt definition and this might have affected the results reported in the existing literature."}],"type":"conference","conference":{"name":"36th Annual Congress of European Accounting Association","start_date":"2013-05-02","end_date":"2013-05-05","location":"Paris, France"},"main_file_link":[{"url":"https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2373987"}],"title":"Does Financial Statement Audit Reduce the Cost of Debt of Private Firms?","date_created":"2023-01-17T13:25:30Z","author":[{"first_name":"Urska","id":"54068","full_name":"Kosi, Urska","last_name":"Kosi"},{"full_name":"Koren, Jerney","last_name":"Koren","first_name":"Jerney"},{"first_name":"Aljosa","full_name":"Valentincic, Aljosa","last_name":"Valentincic"}],"date_updated":"2023-01-17T13:51:24Z","citation":{"apa":"Kosi, U., Koren, J., &#38; Valentincic, A. (2013). <i>Does Financial Statement Audit Reduce the Cost of Debt of Private Firms?</i> 36th Annual Congress of European Accounting Association, Paris, France.","mla":"Kosi, Urska, et al. <i>Does Financial Statement Audit Reduce the Cost of Debt of Private Firms?</i> 2013.","short":"U. Kosi, J. Koren, A. Valentincic, in: 2013.","bibtex":"@inproceedings{Kosi_Koren_Valentincic_2013, title={Does Financial Statement Audit Reduce the Cost of Debt of Private Firms?}, author={Kosi, Urska and Koren, Jerney and Valentincic, Aljosa}, year={2013} }","chicago":"Kosi, Urska, Jerney Koren, and Aljosa Valentincic. “Does Financial Statement Audit Reduce the Cost of Debt of Private Firms?,” 2013.","ieee":"U. Kosi, J. Koren, and A. Valentincic, “Does Financial Statement Audit Reduce the Cost of Debt of Private Firms?,” presented at the 36th Annual Congress of European Accounting Association, Paris, France, 2013.","ama":"Kosi U, Koren J, Valentincic A. Does Financial Statement Audit Reduce the Cost of Debt of Private Firms? In: ; 2013."},"year":"2013"},{"year":"2013","citation":{"bibtex":"@inproceedings{Kosi_Florou_Pope_2013, title={Does Mandatory IFRS Adoption Improve the Credit Relevance of Accounting Information?}, author={Kosi, Urska and Florou, Annita and Pope, Peter F. }, year={2013} }","short":"U. Kosi, A. Florou, P.F. Pope, in: 2013.","mla":"Kosi, Urska, et al. <i>Does Mandatory IFRS Adoption Improve the Credit Relevance of Accounting Information?</i> 2013.","apa":"Kosi, U., Florou, A., &#38; Pope, P. F. (2013). <i>Does Mandatory IFRS Adoption Improve the Credit Relevance of Accounting Information?</i> 9th Workshop on European Financial Reporting, Valencia, Spain.","ama":"Kosi U, Florou A, Pope PF. Does Mandatory IFRS Adoption Improve the Credit Relevance of Accounting Information? In: ; 2013.","ieee":"U. Kosi, A. Florou, and P. F. Pope, “Does Mandatory IFRS Adoption Improve the Credit Relevance of Accounting Information?,” presented at the 9th Workshop on European Financial Reporting, Valencia, Spain, 2013.","chicago":"Kosi, Urska, Annita Florou, and Peter F.  Pope. “Does Mandatory IFRS Adoption Improve the Credit Relevance of Accounting Information?,” 2013."},"date_updated":"2023-01-17T13:52:33Z","date_created":"2023-01-17T13:52:28Z","author":[{"first_name":"Urska","id":"54068","full_name":"Kosi, Urska","last_name":"Kosi"},{"last_name":"Florou","full_name":"Florou, Annita","first_name":"Annita"},{"first_name":"Peter F. ","last_name":"Pope","full_name":"Pope, Peter F. "}],"title":"Does Mandatory IFRS Adoption Improve the Credit Relevance of Accounting Information?","conference":{"location":"Valencia, Spain","end_date":"2013-09-06","start_date":"2013-09-05","name":"9th Workshop on European Financial Reporting"},"type":"conference","status":"public","_id":"37115","department":[{"_id":"635"},{"_id":"186"},{"_id":"551"}],"user_id":"88603","extern":"1","language":[{"iso":"eng"}]},{"date_created":"2018-07-12T08:20:29Z","author":[{"id":"54068","full_name":"Kosi, Urska","last_name":"Kosi","first_name":"Urska"},{"first_name":"Aljosa","last_name":"Valentincic","full_name":"Valentincic, Aljosa"}],"volume":22,"date_updated":"2023-01-24T15:33:44Z","doi":"10.1080/09638180.2012.661938","title":"Write-offs and profitability in private firms: Disentangling the impact of tax-minimisation incentives","issue":"1","publication_status":"published","citation":{"apa":"Kosi, U., &#38; Valentincic, A. (2013). Write-offs and profitability in private firms: Disentangling the impact of tax-minimisation incentives. <i>European Accounting Review</i>, <i>22</i>(1), 117–150. <a href=\"https://doi.org/10.1080/09638180.2012.661938\">https://doi.org/10.1080/09638180.2012.661938</a>","short":"U. Kosi, A. Valentincic, European Accounting Review 22 (2013) 117–150.","mla":"Kosi, Urska, and Aljosa Valentincic. “Write-Offs and Profitability in Private Firms: Disentangling the Impact of Tax-Minimisation Incentives.” <i>European Accounting Review</i>, vol. 22, no. 1, 2013, pp. 117–50, doi:<a href=\"https://doi.org/10.1080/09638180.2012.661938\">10.1080/09638180.2012.661938</a>.","bibtex":"@article{Kosi_Valentincic_2013, title={Write-offs and profitability in private firms: Disentangling the impact of tax-minimisation incentives}, volume={22}, DOI={<a href=\"https://doi.org/10.1080/09638180.2012.661938\">10.1080/09638180.2012.661938</a>}, number={1}, journal={European Accounting Review}, author={Kosi, Urska and Valentincic, Aljosa}, year={2013}, pages={117–150} }","chicago":"Kosi, Urska, and Aljosa Valentincic. “Write-Offs and Profitability in Private Firms: Disentangling the Impact of Tax-Minimisation Incentives.” <i>European Accounting Review</i> 22, no. 1 (2013): 117–50. <a href=\"https://doi.org/10.1080/09638180.2012.661938\">https://doi.org/10.1080/09638180.2012.661938</a>.","ieee":"U. Kosi and A. Valentincic, “Write-offs and profitability in private firms: Disentangling the impact of tax-minimisation incentives,” <i>European Accounting Review</i>, vol. 22, no. 1, pp. 117–150, 2013, doi: <a href=\"https://doi.org/10.1080/09638180.2012.661938\">10.1080/09638180.2012.661938</a>.","ama":"Kosi U, Valentincic A. Write-offs and profitability in private firms: Disentangling the impact of tax-minimisation incentives. <i>European Accounting Review</i>. 2013;22(1):117-150. doi:<a href=\"https://doi.org/10.1080/09638180.2012.661938\">10.1080/09638180.2012.661938</a>"},"intvolume":"        22","page":"117-150","year":"2013","user_id":"54068","department":[{"_id":"551"},{"_id":"186"},{"_id":"635"}],"_id":"3549","extern":"1","language":[{"iso":"eng"}],"type":"journal_article","publication":"European Accounting Review","status":"public","abstract":[{"text":"Private firms are likely to use the financial reporting process more for other objectives, such as tax savings, than for communicating performance. However, observing firms choosing accounting policies for tax-minimisation purposes is not straightforward due to (i) tax and non-tax costs of reporting lower income (ii) accounting policies that result in lower reported income and no tax savings but generate non-tax benefits (iii) preparers' multiple incentives and (iv) econometric issues. We observe a large sample of 20,505 private firms writing off assets in two separate regimes, one that generates tax savings and one that does not. Firms significantly decrease, but continue to use, write-offs after the adverse change in tax treatment of write-offs. The exogenous tax change should not affect other reporting incentives. This allows us to disentangle the tax-minimisation incentive from other (un-observable) incentives, including debt contracting, dividends and employee relations that contribute to the observed anomalous positive relationship between write-offs and profitability. We show that for private firms (i) obtaining tax savings is important overall (ii) non-tax costs and benefits are probably also important and (iii) earnings informativeness for future cash flows increases after the adverse tax legislation change.","lang":"eng"}]},{"_id":"37110","user_id":"54068","department":[{"_id":"635"},{"_id":"186"},{"_id":"551"}],"language":[{"iso":"eng"}],"extern":"1","type":"conference","status":"public","date_updated":"2023-01-24T15:34:43Z","date_created":"2023-01-17T13:28:19Z","author":[{"full_name":"Florou, Annita","last_name":"Florou","first_name":"Annita"},{"id":"54068","full_name":"Kosi, Urska","last_name":"Kosi","first_name":"Urska"}],"title":"Does mandatory IFRS adoption facilitate debt financing? ","conference":{"location":"Berlin, Germany","start_date":"2013-01-07","name":"FACTS-Forschungswerkstatt"},"year":"2013","citation":{"apa":"Florou, A., &#38; Kosi, U. (2013). <i>Does mandatory IFRS adoption facilitate debt financing? </i>. FACTS-Forschungswerkstatt, Berlin, Germany.","short":"A. Florou, U. Kosi, in: 2013.","mla":"Florou, Annita, and Urska Kosi. <i>Does Mandatory IFRS Adoption Facilitate Debt Financing? </i>. 2013.","bibtex":"@inproceedings{Florou_Kosi_2013, title={Does mandatory IFRS adoption facilitate debt financing? }, author={Florou, Annita and Kosi, Urska}, year={2013} }","ieee":"A. Florou and U. Kosi, “Does mandatory IFRS adoption facilitate debt financing? ,” presented at the FACTS-Forschungswerkstatt, Berlin, Germany, 2013.","chicago":"Florou, Annita, and Urska Kosi. “Does Mandatory IFRS Adoption Facilitate Debt Financing? ,” 2013.","ama":"Florou A, Kosi U. Does mandatory IFRS adoption facilitate debt financing? . In: ; 2013."}},{"language":[{"iso":"eng"}],"extern":"1","user_id":"88603","department":[{"_id":"635"},{"_id":"186"},{"_id":"551"}],"_id":"37135","status":"public","type":"review","publication":"The International Journal of Accounting","title":"International corporate reporting: A comparative approach, by Clare Roberts, Pauline Weetman and Paul Gordon (fourth edition)","date_created":"2023-01-17T14:59:35Z","author":[{"first_name":"Urska","id":"54068","full_name":"Kosi, Urska","last_name":"Kosi"}],"volume":44,"date_updated":"2023-01-18T14:00:05Z","citation":{"mla":"Kosi, Urska. “International Corporate Reporting: A Comparative Approach, by Clare Roberts, Pauline Weetman and Paul Gordon (Fourth Edition).” <i>The International Journal of Accounting</i>, vol. 44, no. 4, 2009, pp. 415–18.","short":"U. Kosi, The International Journal of Accounting 44 (2009) 415–418.","bibtex":"@article{Kosi_2009, title={International corporate reporting: A comparative approach, by Clare Roberts, Pauline Weetman and Paul Gordon (fourth edition)}, volume={44}, number={4}, journal={The International Journal of Accounting}, author={Kosi, Urska}, year={2009}, pages={415–418} }","apa":"Kosi, U. (2009). International corporate reporting: A comparative approach, by Clare Roberts, Pauline Weetman and Paul Gordon (fourth edition). In <i>The International Journal of Accounting</i> (Vol. 44, Issue 4, pp. 415–418).","chicago":"Kosi, Urska. “International Corporate Reporting: A Comparative Approach, by Clare Roberts, Pauline Weetman and Paul Gordon (Fourth Edition).” <i>The International Journal of Accounting</i>, 2009.","ieee":"U. Kosi, “International corporate reporting: A comparative approach, by Clare Roberts, Pauline Weetman and Paul Gordon (fourth edition),” <i>The International Journal of Accounting</i>, vol. 44, no. 4. pp. 415–418, 2009.","ama":"Kosi U. International corporate reporting: A comparative approach, by Clare Roberts, Pauline Weetman and Paul Gordon (fourth edition). <i>The International Journal of Accounting</i>. 2009;44(4):415-418."},"page":"415-418","intvolume":"        44","year":"2009","issue":"4"},{"date_created":"2018-07-11T10:28:02Z","author":[{"first_name":"Neil","last_name":"Garrod","full_name":"Garrod, Neil"},{"first_name":"Urska","id":"54068","full_name":"Kosi, Urska","last_name":"Kosi"},{"first_name":"Aljosa","last_name":"Valentincic","full_name":"Valentincic, Aljosa"}],"volume":35,"date_updated":"2023-01-24T15:34:10Z","doi":"10.1111/j.1468-5957.2008.02078","title":"Asset Write-Offs in the Absence of Agency Problems","issue":"3-4","publication_status":"published","jel":["M41","D82","H25"],"citation":{"ieee":"N. Garrod, U. Kosi, and A. Valentincic, “Asset Write-Offs in the Absence of Agency Problems,” <i>Journal of Business Finance and Accounting</i>, vol. 35, no. 3–4, pp. 307–330, 2008, doi: <a href=\"https://doi.org/10.1111/j.1468-5957.2008.02078\">10.1111/j.1468-5957.2008.02078</a>.","chicago":"Garrod, Neil, Urska Kosi, and Aljosa Valentincic. “Asset Write-Offs in the Absence of Agency Problems.” <i>Journal of Business Finance and Accounting</i> 35, no. 3–4 (2008): 307–30. <a href=\"https://doi.org/10.1111/j.1468-5957.2008.02078\">https://doi.org/10.1111/j.1468-5957.2008.02078</a>.","ama":"Garrod N, Kosi U, Valentincic A. Asset Write-Offs in the Absence of Agency Problems. <i>Journal of Business Finance and Accounting</i>. 2008;35(3-4):307-330. doi:<a href=\"https://doi.org/10.1111/j.1468-5957.2008.02078\">10.1111/j.1468-5957.2008.02078</a>","short":"N. Garrod, U. Kosi, A. Valentincic, Journal of Business Finance and Accounting 35 (2008) 307–330.","mla":"Garrod, Neil, et al. “Asset Write-Offs in the Absence of Agency Problems.” <i>Journal of Business Finance and Accounting</i>, vol. 35, no. 3–4, 2008, pp. 307–30, doi:<a href=\"https://doi.org/10.1111/j.1468-5957.2008.02078\">10.1111/j.1468-5957.2008.02078</a>.","bibtex":"@article{Garrod_Kosi_Valentincic_2008, title={Asset Write-Offs in the Absence of Agency Problems}, volume={35}, DOI={<a href=\"https://doi.org/10.1111/j.1468-5957.2008.02078\">10.1111/j.1468-5957.2008.02078</a>}, number={3–4}, journal={Journal of Business Finance and Accounting}, author={Garrod, Neil and Kosi, Urska and Valentincic, Aljosa}, year={2008}, pages={307–330} }","apa":"Garrod, N., Kosi, U., &#38; Valentincic, A. (2008). Asset Write-Offs in the Absence of Agency Problems. <i>Journal of Business Finance and Accounting</i>, <i>35</i>(3–4), 307–330. <a href=\"https://doi.org/10.1111/j.1468-5957.2008.02078\">https://doi.org/10.1111/j.1468-5957.2008.02078</a>"},"intvolume":"        35","page":"307-330","year":"2008","user_id":"54068","department":[{"_id":"551"},{"_id":"186"},{"_id":"635"}],"_id":"3546","language":[{"iso":"eng"}],"extern":"1","type":"journal_article","publication":"Journal of Business Finance and Accounting","status":"public","abstract":[{"lang":"eng","text":"Using a large sample of small private companies, we show incremental influence ofeconomic incentives over prescriptions from accounting standards by financial statementpreparers in a code‐law setting with high alignment between financial and tax reportingand no agency problems. Contrary to predictions from standards, more profitable companiesare more likely to write‐off and the write‐off magnitude is greater, reflecting taxminimisation. Larger companies are more likely to write‐off, but the magnitude decreaseswith size, reflecting increasing political costs due to greater visibility to taxauthorities. Previous write‐off patterns and magnitudes are persistent, reflectinginstitutional learning linked to regulatory changes. "}]},{"extern":"1","language":[{"iso":"eng"}],"_id":"37123","user_id":"88603","department":[{"_id":"635"},{"_id":"186"},{"_id":"551"}],"editor":[{"first_name":"Zeljko","full_name":"Sevic, Zeljko","last_name":"Sevic"}],"status":"public","type":"book_chapter","publication":"Accounting and Finance in Transition","title":"Advances in performance measurement: evidence from Slovenian companies","date_updated":"2023-01-18T14:01:27Z","publisher":"Greenwich University Press","author":[{"full_name":"Tekavic, Metka","last_name":"Tekavic","first_name":"Metka"},{"last_name":"Peljhan","full_name":"Peljhan, Darja","first_name":"Darja"},{"id":"54068","full_name":"Kosi, Urska","last_name":"Kosi","first_name":"Urska"}],"date_created":"2023-01-17T14:04:28Z","place":"London","year":"2006","citation":{"ieee":"M. Tekavic, D. Peljhan, and U. Kosi, “Advances in performance measurement: evidence from Slovenian companies,” in <i>Accounting and Finance in Transition</i>, Z. Sevic, Ed. London: Greenwich University Press, 2006, pp. 139–162.","chicago":"Tekavic, Metka, Darja Peljhan, and Urska Kosi. “Advances in Performance Measurement: Evidence from Slovenian Companies.” In <i>Accounting and Finance in Transition</i>, edited by Zeljko Sevic, 139–62. London: Greenwich University Press, 2006.","ama":"Tekavic M, Peljhan D, Kosi U. Advances in performance measurement: evidence from Slovenian companies. In: Sevic Z, ed. <i>Accounting and Finance in Transition</i>. Greenwich University Press; 2006:139-162.","apa":"Tekavic, M., Peljhan, D., &#38; Kosi, U. (2006). Advances in performance measurement: evidence from Slovenian companies. In Z. Sevic (Ed.), <i>Accounting and Finance in Transition</i> (pp. 139–162). Greenwich University Press.","mla":"Tekavic, Metka, et al. “Advances in Performance Measurement: Evidence from Slovenian Companies.” <i>Accounting and Finance in Transition</i>, edited by Zeljko Sevic, Greenwich University Press, 2006, pp. 139–62.","bibtex":"@inbook{Tekavic_Peljhan_Kosi_2006, place={London}, title={Advances in performance measurement: evidence from Slovenian companies}, booktitle={Accounting and Finance in Transition}, publisher={Greenwich University Press}, author={Tekavic, Metka and Peljhan, Darja and Kosi, Urska}, editor={Sevic, Zeljko}, year={2006}, pages={139–162} }","short":"M. Tekavic, D. Peljhan, U. Kosi, in: Z. Sevic (Ed.), Accounting and Finance in Transition, Greenwich University Press, London, 2006, pp. 139–162."},"page":"139-162"}]