@article{5101,
  abstract     = {{Prior literature finds that International Financial Reporting Standards (IFRS) adopters enjoy lower financing costs subsequent to IFRS adoption. We predict and find that mandatory IFRS adopters exploit lower financing costs to increase market share vis-à-vis non-adopters. This effect is robust across several different model specifications in a sample capturing the universe of public and private firms in the EU, in a matched sample of public and private firms, and in a public firm sample comparing mandatory and voluntary IFRS adopters. We further find that IFRS is associated with an increase (decrease) in industry sales concentration (competition), consistent with large public firms increasing market share. In supplemental analyses, we find that mandatory adopters issue more equity and debt after IFRS adoption and that larger market share gains accrue to those mandatory IFRS adopters that issue more equity and debt after IFRS adoption. Overall, we provide evidence of unintended product market consequences of IFRS adoption.}},
  author       = {{Downes, Jimmy F and Flagmeier, Vanessa and Godsell, David}},
  journal      = {{Journal of Accounting and Public Policy}},
  keywords     = {{Financial reporting regulationProduct market competition}},
  number       = {{5}},
  pages        = {{376--401}},
  publisher    = {{Elsevier}},
  title        = {{{Product market effects of IFRS adoption}}},
  doi          = {{10.1016/j.jaccpubpol.2018.09.004}},
  volume       = {{37}},
  year         = {{2018}},
}

@article{1447,
  author       = {{Köster, Hannes and Pelster, Matthias}},
  issn         = {{1526-5943}},
  journal      = {{The Journal of Risk Finance}},
  pages        = {{00--00}},
  publisher    = {{Emerald}},
  title        = {{{Financial penalties and banks’ systemic risk}}},
  doi          = {{10.1108/jrf-04-2017-0069}},
  year         = {{2018}},
}

@article{1449,
  author       = {{Pelster, Matthias and Irresberger, Felix and Weiß, Gregor N.F.}},
  issn         = {{1351-847X}},
  journal      = {{The European Journal of Finance}},
  number       = {{2}},
  pages        = {{77--113}},
  publisher    = {{Informa UK Limited}},
  title        = {{{Bank stock performance and bank regulation around the globe}}},
  doi          = {{10.1080/1351847x.2016.1226189}},
  volume       = {{24}},
  year         = {{2018}},
}

@article{1451,
  author       = {{Breitmayer, Bastian and Pelster, Matthias}},
  issn         = {{2214-6350}},
  journal      = {{Journal of Behavioral and Experimental Finance}},
  publisher    = {{Elsevier BV}},
  title        = {{{Affect and stock returns}}},
  doi          = {{10.1016/j.jbef.2018.01.009}},
  year         = {{2018}},
}

@article{47915,
  abstract     = {{<jats:title>Abstract</jats:title><jats:p>This study posits that, in the absence of extensive mandatory regulation and auditing, differences in internal and external corporate governance (CG) mechanisms will explain variations in choices concerning corporate sustainability reporting and the interrelated and underlying corporate sustainability performance (CSP). Specifically, we explore whether board monitoring effectiveness as a major internal CG mechanism and stakeholder engagement as a key external CG mechanism are positively associated with sustainability reporting quality (SRQ), compliance with generally accepted sustainability reporting standards (SRC) and guidelines, and CSP for a sample of Dutch firms that have voluntarily disclosed sustainability reports during the years 2012–2016. In addition to these direct effects, we also investigate the potential indirect effects of the CG mechanisms on SRQ and SRC via CSP and distinguish between nonlagged and lag effects. Using structural equation modeling, our results show that, in the short term, monitoring effectiveness positively affects SRQ and SRC. Stakeholder engagement positively affects SRQ and SRC in the short term and is positively related to SRQ via CSP in the longer term, indicating that active stakeholders, over time, may drive companies toward more sustainable business conduct. Finally, the findings that CSP is positively related to SRQ but negatively related to SRC provide further support for signaling and legitimacy theory, respectively. Companies with superior CSP disclose high‐quality information on CSP to signal the firm's superior sustainability performance, whereas poor performing companies legitimize their inferior CSP by complying with more reporting standards, rather than by directly improving their underlying CSP.</jats:p>}},
  author       = {{Manning, Bart and Braam, Geert and Reimsbach, Daniel}},
  issn         = {{1535-3958}},
  journal      = {{Corporate Social Responsibility and Environmental Management}},
  keywords     = {{Management, Monitoring, Policy and Law, Strategy and Management, Development}},
  number       = {{2}},
  pages        = {{351--366}},
  publisher    = {{Wiley}},
  title        = {{{Corporate governance and sustainable business conduct—<scp>E</scp>ffects of board monitoring effectiveness and stakeholder engagement on corporate sustainability performance and disclosure choices}}},
  doi          = {{10.1002/csr.1687}},
  volume       = {{26}},
  year         = {{2018}},
}

@article{47916,
  abstract     = {{<jats:title>Abstract</jats:title><jats:p>This study posits that, in the absence of extensive mandatory regulation and auditing, differences in internal and external corporate governance (CG) mechanisms will explain variations in choices concerning corporate sustainability reporting and the interrelated and underlying corporate sustainability performance (CSP). Specifically, we explore whether board monitoring effectiveness as a major internal CG mechanism and stakeholder engagement as a key external CG mechanism are positively associated with sustainability reporting quality (SRQ), compliance with generally accepted sustainability reporting standards (SRC) and guidelines, and CSP for a sample of Dutch firms that have voluntarily disclosed sustainability reports during the years 2012–2016. In addition to these direct effects, we also investigate the potential indirect effects of the CG mechanisms on SRQ and SRC via CSP and distinguish between nonlagged and lag effects. Using structural equation modeling, our results show that, in the short term, monitoring effectiveness positively affects SRQ and SRC. Stakeholder engagement positively affects SRQ and SRC in the short term and is positively related to SRQ via CSP in the longer term, indicating that active stakeholders, over time, may drive companies toward more sustainable business conduct. Finally, the findings that CSP is positively related to SRQ but negatively related to SRC provide further support for signaling and legitimacy theory, respectively. Companies with superior CSP disclose high‐quality information on CSP to signal the firm's superior sustainability performance, whereas poor performing companies legitimize their inferior CSP by complying with more reporting standards, rather than by directly improving their underlying CSP.</jats:p>}},
  author       = {{Manning, Bart and Braam, Geert and Reimsbach, Daniel}},
  issn         = {{1535-3958}},
  journal      = {{Corporate Social Responsibility and Environmental Management}},
  keywords     = {{Management, Monitoring, Policy and Law, Strategy and Management, Development}},
  number       = {{2}},
  pages        = {{351--366}},
  publisher    = {{Wiley}},
  title        = {{{Corporate governance and sustainable business conduct—<scp>E</scp>ffects of board monitoring effectiveness and stakeholder engagement on corporate sustainability performance and disclosure choices}}},
  doi          = {{10.1002/csr.1687}},
  volume       = {{26}},
  year         = {{2018}},
}

@article{47914,
  author       = {{Wang, Zhi and Reimsbach, Daniel and Braam, Geert}},
  issn         = {{0959-6526}},
  journal      = {{Journal of Cleaner Production}},
  keywords     = {{Industrial and Manufacturing Engineering, Strategy and Management, General Environmental Science, Renewable Energy, Sustainability and the Environment, Building and Construction}},
  pages        = {{1185--1197}},
  publisher    = {{Elsevier BV}},
  title        = {{{Political embeddedness and the diffusion of corporate social responsibility practices in China: A trade-off between financial and CSR performance?}}},
  doi          = {{10.1016/j.jclepro.2018.07.116}},
  volume       = {{198}},
  year         = {{2018}},
}

@inbook{50364,
  author       = {{Koch, Christian}},
  booktitle    = {{Industrielles Controlling - Planung, Steuerung und Kontrolle von Beschaffung, Produktion und Logistik}},
  editor       = {{Betz, Stefan}},
  isbn         = {{978-3-339-10226-3}},
  pages        = {{179--207}},
  publisher    = {{Dr. Kovac}},
  title        = {{{Einsatz der Risikoanalyse als Instrument des Investitionscontrollings}}},
  year         = {{2018}},
}

@inbook{50373,
  author       = {{Puls, Christoph}},
  booktitle    = {{Industrielles Controlling - Planung, Steuerung und Kontrolle von Beschaffung, Produktion und Logistik}},
  editor       = {{Betz, Stefan}},
  isbn         = {{978-3-339-10226-3}},
  pages        = {{13--42}},
  publisher    = {{Dr. Kovac}},
  title        = {{{Kostenorientiertes Management von Logistikdienstleistern}}},
  year         = {{2018}},
}

@phdthesis{50381,
  author       = {{Hrnjadovic, Damir}},
  isbn         = {{978-3-339-10770-1}},
  pages        = {{367}},
  publisher    = {{Dr. Kovac}},
  title        = {{{Unterstützung von Standardisierungsentscheidungen innerhalb eines produktionsprozessorientierten Komplexitätsmanagements}}},
  year         = {{2018}},
}

@inbook{50393,
  author       = {{Opitz, Oliver}},
  booktitle    = {{Industrielles Controlling - Planung, Steuerung und Kontrolle von Beschaffung, Produktion und Logistik}},
  editor       = {{Betz, Stefan}},
  isbn         = {{978-3-339-10226-3}},
  pages        = {{277--317}},
  publisher    = {{Dr. Kovac}},
  title        = {{{Integrierte, ökologieorientierte Produktlebenszyklusrechnung}}},
  year         = {{2018}},
}

@inbook{50404,
  author       = {{Faupel, Christian}},
  booktitle    = {{Industrielles Controlling - Planung, Steuerung und Kontrolle von Beschaffung, Produktion und Logistik}},
  editor       = {{Betz, Stefan}},
  isbn         = {{978-3-339-10226-3}},
  pages        = {{277--317}},
  publisher    = {{Dr. Kovac}},
  title        = {{{Integrierte, ökologieorientierte Produktlebenszyklusrechnung}}},
  year         = {{2018}},
}

@article{4874,
  abstract     = {{Restrukturierungen werden sowohl durch die Digitalisierung, aber auch durch klassische Themen – beispielsweise
die Notwendigkeit von Umsatz- und Kostensynergien in kompetitiven Märkten – verstärkt vorangetrieben.
Dieser Beitrag beleuchtet vor allem die Motive und Folgen aus wissenschaftlicher Perspektive, indem großzahlige
empirische Befunde zu den Themen Beschäftigung, Finanzkennzahlen und Kapitalerhöhungen sowie steuerliche
Motive prägnant zusammengefasst und im Kontext des geplanten Joint Ventures von thyssenkrupp und Tata
Steel diskutiert werden.}},
  author       = {{Sievers, Sönke and Sureth-Sloane, Caren and Uhde, André}},
  journal      = {{Die Wirtschaftsprüfung}},
  number       = {{9}},
  pages        = {{569--575}},
  title        = {{{Restrukturierungen: operative und finanzielle Wertbeiträge. Eine Betrachtung vor dem Hintergrund der Entwicklungen bei thyssenkrupp}}},
  volume       = {{71}},
  year         = {{2018}},
}

@inbook{62742,
  author       = {{Bornemann, Tobias and Petutschnig, Matthias}},
  booktitle    = {{Handbuch der österreichischen Steuerlehre, Band IV: Investition, Finanzierung und Steuern}},
  editor       = {{Eberhartinger, Eva}},
  pages        = {{122--134}},
  title        = {{{Vorteilhaftigkeitsvergleich Eigen-/Fremdmittel}}},
  year         = {{2018}},
}

@techreport{62740,
  author       = {{Bornemann, Tobias}},
  title        = {{{Do Transfer Pricing Rules distort R&D Investment Decisions?}}},
  doi          = {{10.2139/ssrn.3114071}},
  volume       = {{2018-02}},
  year         = {{2018}},
}

@techreport{62741,
  author       = {{Bornemann, Tobias}},
  title        = {{{Tax Avoidance and Accounting Conservatism}}},
  doi          = {{10.2139/ssrn.3114054}},
  volume       = {{2018-04}},
  year         = {{2018}},
}

@article{5009,
  abstract     = {{When analyzing the influence of taxation on agency conflicts between firm owners and managers, one can draw on theoretical principal–agent literature from various research fields. In recent years, this interdisciplinary research has grown significantly covering research with regards to optimal compensation, investment decisions, tax avoidance and transfer pricing while analyzing the effects of corporate income taxes, wage taxes, bonus taxes and shareholder taxes. Our paper provides a comprehensive review of analytical literature that studies the influence of taxation on agency conflicts between firm owners and managers. Above and beyond summarizing research findings, we discuss how taxes are commonly implemented in agency models, derive empirical predictions, and identify research gaps for future tax research.}},
  author       = {{Bauer, Thomas and Kourouxous, Thomas and Krenn, Peter}},
  journal      = {{Business Research}},
  number       = {{1}},
  pages        = {{33--76}},
  title        = {{{Taxation and Agency Conflicts between Firm Owners and Managers: A Review}}},
  volume       = {{11}},
  year         = {{2018}},
}

@article{4678,
  abstract     = {{Restrukturierungen werden sowohl durch die Digitalisierung, aber auch durch klassische Themen – beispielsweise
die Notwendigkeit von Umsatz- und Kostensynergien in kompetitiven Märkten – verstärkt vorangetrieben.
Dieser Beitrag beleuchtet vor allem die Motive und Folgen aus wissenschaftlicher Perspektive, indem großzahlige
empirische Befunde zu den Themen Beschäftigung, Finanzkennzahlen und Kapitalerhöhungen sowie steuerliche
Motive prägnant zusammengefasst und im Kontext des geplanten Joint Ventures von thyssenkrupp und Tata
Steel diskutiert werden.}},
  author       = {{Sureth-Sloane, Caren and Sievers, Sönke and Uhde, André}},
  journal      = {{Die Wirtschaftsprüfung}},
  number       = {{9}},
  pages        = {{569--575}},
  title        = {{{Restrukturierungen: operative und finanzielle Wertbeiträge. Eine Betrachtung vor dem Hintergrund der Entwicklungen bei thyssenkrupp}}},
  volume       = {{71}},
  year         = {{2018}},
}

@article{4743,
  abstract     = {{Restrukturierungen werden sowohl durch die Digitalisierung, aber auch durch klassische Themen – beispielsweise
die Notwendigkeit von Umsatz- und Kostensynergien in kompetitiven Märkten – verstärkt vorangetrieben.
Dieser Beitrag beleuchtet vor allem die Motive und Folgen aus wissenschaftlicher Perspektive, indem großzahlige
empirische Befunde zu den Themen Beschäftigung, Finanzkennzahlen und Kapitalerhöhungen sowie steuerliche
Motive prägnant zusammengefasst und im Kontext des geplanten Joint Ventures von thyssenkrupp und Tata
Steel diskutiert werden.}},
  author       = {{Sievers, Sönke and Sureth-Sloane, Caren and Uhde, André}},
  journal      = {{Die Wirtschaftsprüfung}},
  number       = {{9}},
  pages        = {{569--575}},
  title        = {{{Restrukturierungen: operative und finanzielle Wertbeiträge. Eine Betrachtung vor dem Hintergrund der Entwicklungen bei thyssenkrupp}}},
  volume       = {{71}},
  year         = {{2018}},
}

@inbook{2619,
  author       = {{Betz, Stefan}},
  booktitle    = {{Aktuelle Fragestellungen zu Produktion, Logistik und Controlling}},
  editor       = {{Betz, Stefan}},
  pages        = {{85--111}},
  title        = {{{Strategische Erfolgsplanung für Produktinnovationen}}},
  year         = {{2017}},
}