[{"user_id":"21811","department":[{"_id":"193"}],"_id":"2677","type":"book_editor","status":"public","editor":[{"id":"54","full_name":"Betz, Stefan","last_name":"Betz","first_name":"Stefan"}],"date_created":"2018-05-07T14:30:34Z","date_updated":"2022-01-06T06:57:27Z","title":"Aktuelle Fragestellungen zu Produktion, Logistik und Controlling","citation":{"ama":"Betz S, ed. <i>Aktuelle Fragestellungen Zu Produktion, Logistik Und Controlling</i>. Hamburg; 2017.","ieee":"S. Betz, Ed., <i>Aktuelle Fragestellungen zu Produktion, Logistik und Controlling</i>. Hamburg, 2017.","chicago":"Betz, Stefan, ed. <i>Aktuelle Fragestellungen Zu Produktion, Logistik Und Controlling</i>. Hamburg, 2017.","short":"S. Betz, ed., Aktuelle Fragestellungen Zu Produktion, Logistik Und Controlling, Hamburg, 2017.","bibtex":"@book{Betz_2017, place={Hamburg}, title={Aktuelle Fragestellungen zu Produktion, Logistik und Controlling}, year={2017} }","mla":"Betz, Stefan, editor. <i>Aktuelle Fragestellungen Zu Produktion, Logistik Und Controlling</i>. 2017.","apa":"Betz, S. (Ed.). (2017). <i>Aktuelle Fragestellungen zu Produktion, Logistik und Controlling</i>. Hamburg."},"year":"2017","place":"Hamburg"},{"title":"Tax loss carryforward disclosure and uncertainty","author":[{"first_name":"Vanessa","full_name":"Flagmeier, Vanessa","id":"8084","last_name":"Flagmeier"},{"id":"1245","full_name":"Müller, Jens","last_name":"Müller","first_name":"Jens"}],"date_created":"2018-07-11T07:43:16Z","date_updated":"2022-01-06T06:59:22Z","citation":{"ieee":"V. Flagmeier and J. Müller, <i>Tax loss carryforward disclosure and uncertainty</i>. 2017.","chicago":"Flagmeier, Vanessa, and Jens Müller. <i>Tax Loss Carryforward Disclosure and Uncertainty</i>, 2017.","ama":"Flagmeier V, Müller J. <i>Tax Loss Carryforward Disclosure and Uncertainty</i>.; 2017.","apa":"Flagmeier, V., &#38; Müller, J. (2017). <i>Tax loss carryforward disclosure and uncertainty</i>.","short":"V. Flagmeier, J. Müller, Tax Loss Carryforward Disclosure and Uncertainty, 2017.","bibtex":"@book{Flagmeier_Müller_2017, title={Tax loss carryforward disclosure and uncertainty}, author={Flagmeier, Vanessa and Müller, Jens}, year={2017} }","mla":"Flagmeier, Vanessa, and Jens Müller. <i>Tax Loss Carryforward Disclosure and Uncertainty</i>. 2017."},"page":"56","year":"2017","publication_status":"published","language":[{"iso":"eng"}],"user_id":"64756","department":[{"_id":"551"},{"_id":"189"}],"_id":"3540","status":"public","abstract":[{"text":"We examine whether companies voluntarily disclose additional information about tax loss carryforwards when the recoverability is more uncertain. With this study, we aim to explain part of the huge cross-sectional variation in the tax footnote. To assess disclosure behavior, we hand-collect data from notes of large German firms’ IFRS financial statements and identify voluntarily disclosed information. First, our results support prior literature’s evidence of a considerable cross-sectional variation of disclosure in the tax footnote. Second, we find that uncertainty about the usability of tax losses has a significantly positive relation to the amount and quality of disclosure, controlling for other disclosure determinants derived from prior literature and for sample selection. Third, our results indicate that the observed disclosure behavior is not simply a reflection of the firm’s general disclosure behavior but specific to the tax footnote. These findings are robust to several historic and forward-looking indicators representing uncertainty. Our findings suggest that managers anticipate the investors’ need for more private information and disclose them voluntarily to reduce information asymmetries. This result indicates that part of the cross-sectional variation in the tax footnote can be explained by firms anticipating investors’ demand for additional information. ","lang":"eng"}],"type":"working_paper"},{"type":"working_paper","abstract":[{"lang":"eng","text":"This is the first study that analyzes the predictive ability of deferred tax information under IFRS. I examine whether deferred taxes provide information about future tax payments and future performance, using a German sample of IFRS firms. The focus on tax loss carryforwards enables a separation of the two relations, testing on the one hand, the relation between recognized deferred tax assets and future tax payments and on the other hand, the relation between the non-usable part of tax losses and future earnings. I find significantly negative coefficients for both deferred tax items, indicating that higher recognized deferred tax assets are associated with lower future tax payments and higher non-usable tax loss carryforwards with lower future performance. Additionally, I compare the tax accounts' predictive ability for a matched German and US sample and find no significant differences between firms reporting under IFRS and US-GAAP. Taken together, the evidence suggests that deferred tax items for tax loss carryforwards reported under IFRS provide useful information about future outcomes and that this predictive ability does not differ significantly from firms reporting under US-GAAP."}],"status":"public","_id":"3545","department":[{"_id":"551"},{"_id":"189"}],"user_id":"64756","language":[{"iso":"eng"}],"year":"2017","citation":{"apa":"Flagmeier, V. (2017). <i>The information content of tax loss carryforwards: IAS 12 vs. valuation allowance</i>.","mla":"Flagmeier, Vanessa. <i>The Information Content of Tax Loss Carryforwards: IAS 12 vs. Valuation Allowance</i>. 2017.","short":"V. Flagmeier, The Information Content of Tax Loss Carryforwards: IAS 12 vs. Valuation Allowance, 2017.","bibtex":"@book{Flagmeier_2017, title={The information content of tax loss carryforwards: IAS 12 vs. valuation allowance}, author={Flagmeier, Vanessa}, year={2017} }","chicago":"Flagmeier, Vanessa. <i>The Information Content of Tax Loss Carryforwards: IAS 12 vs. Valuation Allowance</i>, 2017.","ieee":"V. Flagmeier, <i>The information content of tax loss carryforwards: IAS 12 vs. valuation allowance</i>. 2017.","ama":"Flagmeier V. <i>The Information Content of Tax Loss Carryforwards: IAS 12 vs. Valuation Allowance</i>.; 2017."},"date_updated":"2022-01-06T06:59:23Z","author":[{"first_name":"Vanessa","id":"8084","full_name":"Flagmeier, Vanessa","last_name":"Flagmeier"}],"date_created":"2018-07-11T09:52:12Z","title":"The information content of tax loss carryforwards: IAS 12 vs. valuation allowance"},{"user_id":"46447","department":[{"_id":"275"}],"_id":"20868","language":[{"iso":"eng"}],"keyword":["Financial distress prediction","probability of default","accounting information","stochastic processes","simulation"],"type":"working_paper","status":"public","abstract":[{"lang":"eng","text":"This study proposes a simple theoretical framework that allows for assessing financial distress up to five years in advance. We jointly model financial distress by using two of its key driving factors: declining cash-generating ability and insufficient liquidity reserves. The model is based on stochastic processes and incorporates firm-level and industry-sector developments. A large-scale empirical implementation for US-listed firms over the period of 1980-2010 shows important improvements in the discriminatory accuracy and demonstrates incremental information content beyond state-of-the-art accounting and market-based prediction models. Consequently, this study might provide important ex ante warning signals for investors, regulators and practitioners."}],"date_created":"2021-01-05T11:44:45Z","author":[{"first_name":"Sönke","id":"46447","full_name":"Sievers, Sönke","last_name":"Sievers"},{"last_name":"Klobucnik","full_name":"Klobucnik, Jan","first_name":"Jan"},{"full_name":"Miersch, David","last_name":"Miersch","first_name":"David"}],"date_updated":"2022-01-06T06:54:41Z","main_file_link":[{"url":"https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2237757"}],"doi":"10.2139/ssrn.2237757","title":"Predicting Early Warning Signals of Financial Distress: Theory and Empirical Evidence","publication_status":"published","citation":{"apa":"Sievers, S., Klobucnik, J., &#38; Miersch, D. (2017). <i>Predicting Early Warning Signals of Financial Distress: Theory and Empirical Evidence</i>. <a href=\"https://doi.org/10.2139/ssrn.2237757\">https://doi.org/10.2139/ssrn.2237757</a>","mla":"Sievers, Sönke, et al. <i>Predicting Early Warning Signals of Financial Distress: Theory and Empirical Evidence</i>. 2017, doi:<a href=\"https://doi.org/10.2139/ssrn.2237757\">10.2139/ssrn.2237757</a>.","short":"S. Sievers, J. Klobucnik, D. Miersch, Predicting Early Warning Signals of Financial Distress: Theory and Empirical Evidence, 2017.","bibtex":"@book{Sievers_Klobucnik_Miersch_2017, title={Predicting Early Warning Signals of Financial Distress: Theory and Empirical Evidence}, DOI={<a href=\"https://doi.org/10.2139/ssrn.2237757\">10.2139/ssrn.2237757</a>}, author={Sievers, Sönke and Klobucnik, Jan and Miersch, David}, year={2017} }","ieee":"S. Sievers, J. Klobucnik, and D. Miersch, <i>Predicting Early Warning Signals of Financial Distress: Theory and Empirical Evidence</i>. 2017.","chicago":"Sievers, Sönke, Jan Klobucnik, and David Miersch. <i>Predicting Early Warning Signals of Financial Distress: Theory and Empirical Evidence</i>, 2017. <a href=\"https://doi.org/10.2139/ssrn.2237757\">https://doi.org/10.2139/ssrn.2237757</a>.","ama":"Sievers S, Klobucnik J, Miersch D. <i>Predicting Early Warning Signals of Financial Distress: Theory and Empirical Evidence</i>.; 2017. doi:<a href=\"https://doi.org/10.2139/ssrn.2237757\">10.2139/ssrn.2237757</a>"},"jel":["C63","C52","C53","G33","M41"],"page":"84","year":"2017"},{"article_type":"original","project":[{"name":"Der Einfluss von steuerlicher Regulierung auf multinationale Unternehmen","_id":"37","grant_number":"P01"}],"_id":"2241","user_id":"68607","department":[{"_id":"187"},{"_id":"635"}],"status":"public","type":"journal_article","date_updated":"2022-01-06T06:55:32Z","author":[{"full_name":"Hoppe, Thomas","id":"22671","last_name":"Hoppe","first_name":"Thomas"},{"first_name":"Deborah","last_name":"Schanz","full_name":"Schanz, Deborah"},{"full_name":"Sturm, Susann","last_name":"Sturm","first_name":"Susann"},{"last_name":"Sureth-Sloane","full_name":"Sureth-Sloane, Caren","id":"530","first_name":"Caren"}],"volume":70,"citation":{"ama":"Hoppe T, Schanz D, Sturm S, Sureth-Sloane C. Warum ist unser Steuersystem so komplex? Eine befragungsbasierte Analyse. <i>Die Wirtschaftsprüfung</i>. 2017;70(17):1026-1033.","ieee":"T. Hoppe, D. Schanz, S. Sturm, and C. Sureth-Sloane, “Warum ist unser Steuersystem so komplex? Eine befragungsbasierte Analyse,” <i>Die Wirtschaftsprüfung</i>, vol. 70, no. 17, pp. 1026–1033, 2017.","chicago":"Hoppe, Thomas, Deborah Schanz, Susann Sturm, and Caren Sureth-Sloane. “Warum ist unser Steuersystem so komplex? Eine befragungsbasierte Analyse.” <i>Die Wirtschaftsprüfung</i> 70, no. 17 (2017): 1026–33.","mla":"Hoppe, Thomas, et al. “Warum ist unser Steuersystem so komplex? Eine befragungsbasierte Analyse.” <i>Die Wirtschaftsprüfung</i>, vol. 70, no. 17, IDW, 2017, pp. 1026–33.","bibtex":"@article{Hoppe_Schanz_Sturm_Sureth-Sloane_2017, title={Warum ist unser Steuersystem so komplex? Eine befragungsbasierte Analyse}, volume={70}, number={17}, journal={Die Wirtschaftsprüfung}, publisher={IDW}, author={Hoppe, Thomas and Schanz, Deborah and Sturm, Susann and Sureth-Sloane, Caren}, year={2017}, pages={1026–1033} }","short":"T. Hoppe, D. Schanz, S. Sturm, C. Sureth-Sloane, Die Wirtschaftsprüfung 70 (2017) 1026–1033.","apa":"Hoppe, T., Schanz, D., Sturm, S., &#38; Sureth-Sloane, C. (2017). Warum ist unser Steuersystem so komplex? Eine befragungsbasierte Analyse. <i>Die Wirtschaftsprüfung</i>, <i>70</i>(17), 1026–1033."},"page":"1026-1033","intvolume":"        70","publication_status":"published","keyword":["Steuersystem","Komplexität","Steuergesetz","Steuerliche Rahmenbedingungen","BEPS"],"language":[{"iso":"ger"}],"abstract":[{"lang":"ger","text":"Die Komplexität des Steuersystems stellt auch in Deutschland ein großes Problem dar. Entgegen bisherigen Betrachtungen weist die vorliegende Befragungsstudie darauf hin, dass die Treiber für steuerliche Komplexität deutlich vielfältiger und nicht nur im Gesetz, sondern auch in den steuerlichen Rahmenbedingungen zu verorten sind. Einerseits tragen übermäßig viele Details und häufige oder umfangreiche  Änderungen in erheblichem Maße dazu bei, dass Regelungen – wie solche zu Verrechnungspreisen – als komplex beurteilt werden. Andererseits erweisen sich auch inkonsistente Entscheidungen im Rahmen von Betriebsprüfungen und mangelhafte Gesetzesentwürfe als wesentliche Komplexitätstreiber. Statt einer permanenten Ausweitung von Regulierung sollte künftig der Abbau der im Beitrag identifizierten Probleme gezielt in den Fokus von Wissenschaft, Politik und Praxis rücken."}],"publication":"Die Wirtschaftsprüfung","title":"Warum ist unser Steuersystem so komplex? Eine befragungsbasierte Analyse","publisher":"IDW","date_created":"2018-04-06T07:27:32Z","year":"2017","issue":"17"},{"date_created":"2018-04-06T07:40:18Z","title":"2016 Global MNC Tax Complexity Survey - Executive Summary","year":"2017","ddc":["330"],"language":[{"iso":"eng"}],"file":[{"relation":"main_file","content_type":"application/pdf","file_id":"2248","file_name":"Hoppe Schanz Sturm Sureth-Sloane 2017.pdf","access_level":"open_access","file_size":4020983,"date_created":"2018-04-06T07:40:03Z","creator":"hoppet","date_updated":"2018-04-06T07:40:03Z"}],"date_updated":"2022-01-06T06:55:33Z","oa":"1","author":[{"id":"22671","full_name":"Hoppe, Thomas","last_name":"Hoppe","first_name":"Thomas"},{"first_name":"Deborah","full_name":"Schanz, Deborah","last_name":"Schanz"},{"last_name":"Sturm","full_name":"Sturm, Susann","first_name":"Susann"},{"first_name":"Caren","id":"530","full_name":"Sureth-Sloane, Caren","last_name":"Sureth-Sloane"}],"main_file_link":[{"open_access":"1","url":"www.taxcomplexity.org"}],"doi":"10.13140/RG.2.2.23707.46881","has_accepted_license":"1","citation":{"ama":"Hoppe T, Schanz D, Sturm S, Sureth-Sloane C. <i>2016 Global MNC Tax Complexity Survey - Executive Summary</i>.; 2017. doi:<a href=\"https://doi.org/10.13140/RG.2.2.23707.46881\">10.13140/RG.2.2.23707.46881</a>","chicago":"Hoppe, Thomas, Deborah Schanz, Susann Sturm, and Caren Sureth-Sloane. <i>2016 Global MNC Tax Complexity Survey - Executive Summary</i>, 2017. <a href=\"https://doi.org/10.13140/RG.2.2.23707.46881\">https://doi.org/10.13140/RG.2.2.23707.46881</a>.","ieee":"T. Hoppe, D. Schanz, S. Sturm, and C. Sureth-Sloane, <i>2016 Global MNC Tax Complexity Survey - Executive Summary</i>. 2017.","apa":"Hoppe, T., Schanz, D., Sturm, S., &#38; Sureth-Sloane, C. (2017). <i>2016 Global MNC Tax Complexity Survey - Executive Summary</i>. <a href=\"https://doi.org/10.13140/RG.2.2.23707.46881\">https://doi.org/10.13140/RG.2.2.23707.46881</a>","bibtex":"@book{Hoppe_Schanz_Sturm_Sureth-Sloane_2017, title={2016 Global MNC Tax Complexity Survey - Executive Summary}, DOI={<a href=\"https://doi.org/10.13140/RG.2.2.23707.46881\">10.13140/RG.2.2.23707.46881</a>}, author={Hoppe, Thomas and Schanz, Deborah and Sturm, Susann and Sureth-Sloane, Caren}, year={2017} }","mla":"Hoppe, Thomas, et al. <i>2016 Global MNC Tax Complexity Survey - Executive Summary</i>. 2017, doi:<a href=\"https://doi.org/10.13140/RG.2.2.23707.46881\">10.13140/RG.2.2.23707.46881</a>.","short":"T. Hoppe, D. Schanz, S. Sturm, C. Sureth-Sloane, 2016 Global MNC Tax Complexity Survey - Executive Summary, 2017."},"page":"27","project":[{"name":"Der Einfluss von steuerlicher Regulierung auf multinationale Unternehmen","_id":"37","grant_number":"P01"}],"_id":"2247","user_id":"68607","department":[{"_id":"187"},{"_id":"635"}],"file_date_updated":"2018-04-06T07:40:03Z","type":"report","urn":"22477","status":"public"},{"title":"What are the Drivers of Tax Complexity for Multinational Corporations? Evidence from 108 Countries","date_created":"2018-04-06T07:44:59Z","year":"2017","language":[{"iso":"eng"}],"ddc":["330"],"keyword":["Complexity Drivers","International Comparison","Survey","Tax Complexity","Tax Practitioners"],"file":[{"date_updated":"2018-04-06T07:48:31Z","creator":"hoppet","date_created":"2018-04-06T07:48:31Z","file_size":1077359,"access_level":"closed","file_name":"Hoppe Schanz Sturm Sureth-Sloane 2017.pdf","file_id":"2253","content_type":"application/pdf","success":1,"relation":"main_file"}],"abstract":[{"lang":"eng","text":"All over the world, firms and governments are increasingly concerned about the rise in tax complexity. To manage it and develop effective simplification measures, detailed information on the current drivers of complexity is required. However, research on this topic is scarce. This is surprising as the latest developments—for example, triggered by the BEPS project—give rise to the conjecture that complexity drivers may have changed, thus questioning the findings of prior studies. In this paper, we shed light on this issue and provide a global picture of the current drivers of tax complexity that multinational corporations face based on a survey of 221 highly experienced tax practitioners from 108 countries. Our results show that prior complexity drivers of the tax code are still relevant, with details and changes of tax regulations being the two most influential complexity drivers. We also find evidence for new relevant complexity drivers emerging from different areas of the tax framework, such as inconsistent decisions among tax officers (tax audits) or retroactively applied tax law amendments (tax enactment). Based on the responses of the practitioners, we develop a concept of tax complexity that distinguishes two pillars, tax code and tax framework complexity, and illustrates the various aspects that should be considered when assessing the complexity of a country’s tax system."}],"main_file_link":[{"open_access":"1","url":"https://ssrn.com/abstract=3046546"}],"doi":"10.2139/ssrn.3046546","author":[{"last_name":"Hoppe","id":"22671","full_name":"Hoppe, Thomas","first_name":"Thomas"},{"first_name":"Deborah","last_name":"Schanz","full_name":"Schanz, Deborah"},{"first_name":"Susann","full_name":"Sturm, Susann","last_name":"Sturm"},{"last_name":"Sureth-Sloane","full_name":"Sureth-Sloane, Caren","id":"530","first_name":"Caren"}],"date_updated":"2022-01-06T06:55:34Z","oa":"1","citation":{"ama":"Hoppe T, Schanz D, Sturm S, Sureth-Sloane C. <i>What Are the Drivers of Tax Complexity for Multinational Corporations? Evidence from 108 Countries</i>.; 2017. doi:<a href=\"https://doi.org/10.2139/ssrn.3046546\">10.2139/ssrn.3046546</a>","chicago":"Hoppe, Thomas, Deborah Schanz, Susann Sturm, and Caren Sureth-Sloane. <i>What Are the Drivers of Tax Complexity for Multinational Corporations? Evidence from 108 Countries</i>, 2017. <a href=\"https://doi.org/10.2139/ssrn.3046546\">https://doi.org/10.2139/ssrn.3046546</a>.","ieee":"T. Hoppe, D. Schanz, S. Sturm, and C. Sureth-Sloane, <i>What are the Drivers of Tax Complexity for Multinational Corporations? Evidence from 108 Countries</i>. 2017.","bibtex":"@book{Hoppe_Schanz_Sturm_Sureth-Sloane_2017, title={What are the Drivers of Tax Complexity for Multinational Corporations? Evidence from 108 Countries}, DOI={<a href=\"https://doi.org/10.2139/ssrn.3046546\">10.2139/ssrn.3046546</a>}, author={Hoppe, Thomas and Schanz, Deborah and Sturm, Susann and Sureth-Sloane, Caren}, year={2017} }","mla":"Hoppe, Thomas, et al. <i>What Are the Drivers of Tax Complexity for Multinational Corporations? Evidence from 108 Countries</i>. 2017, doi:<a href=\"https://doi.org/10.2139/ssrn.3046546\">10.2139/ssrn.3046546</a>.","short":"T. Hoppe, D. Schanz, S. Sturm, C. Sureth-Sloane, What Are the Drivers of Tax Complexity for Multinational Corporations? Evidence from 108 Countries, 2017.","apa":"Hoppe, T., Schanz, D., Sturm, S., &#38; Sureth-Sloane, C. (2017). <i>What are the Drivers of Tax Complexity for Multinational Corporations? Evidence from 108 Countries</i>. <a href=\"https://doi.org/10.2139/ssrn.3046546\">https://doi.org/10.2139/ssrn.3046546</a>"},"jel":["H20","H25","C83","O57"],"page":"28","publication_identifier":{"issn":["1556-5068"]},"has_accepted_license":"1","file_date_updated":"2018-04-06T07:48:31Z","user_id":"68607","department":[{"_id":"187"},{"_id":"635"}],"project":[{"_id":"37","name":"Der Einfluss von steuerlicher Regulierung auf multinationale Unternehmen","grant_number":"P01"}],"_id":"2250","status":"public","type":"working_paper"},{"year":"2017","intvolume":"       214","citation":{"short":"V. Flagmeier, J. Müller, C. Sureth-Sloane, When Do Managers Highlight Their Effective Tax Rate?, 2017.","mla":"Flagmeier, Vanessa, et al. <i>When Do Managers Highlight Their Effective Tax Rate?</i> Vol. 214, 2017, doi:<a href=\"https://doi.org/arqus Working Paper No. 214\">arqus Working Paper No. 214</a>.","bibtex":"@book{Flagmeier_Müller_Sureth-Sloane_2017, series={arqus Working Paper}, title={When Do Managers Highlight Their Effective Tax Rate?}, volume={214}, DOI={<a href=\"https://doi.org/arqus Working Paper No. 214\">arqus Working Paper No. 214</a>}, author={Flagmeier, Vanessa and Müller, Jens and Sureth-Sloane, Caren}, year={2017}, collection={arqus Working Paper} }","apa":"Flagmeier, V., Müller, J., &#38; Sureth-Sloane, C. (2017). <i>When Do Managers Highlight Their Effective Tax Rate?</i> (Vol. 214). <a href=\"https://doi.org/arqus Working Paper No. 214\">https://doi.org/arqus Working Paper No. 214</a>","ama":"Flagmeier V, Müller J, Sureth-Sloane C. <i>When Do Managers Highlight Their Effective Tax Rate?</i> Vol 214.; 2017. doi:<a href=\"https://doi.org/arqus Working Paper No. 214\">arqus Working Paper No. 214</a>","ieee":"V. Flagmeier, J. Müller, and C. Sureth-Sloane, <i>When Do Managers Highlight Their Effective Tax Rate?</i>, vol. 214. 2017.","chicago":"Flagmeier, Vanessa, Jens Müller, and Caren Sureth-Sloane. <i>When Do Managers Highlight Their Effective Tax Rate?</i> Vol. 214. Arqus Working Paper, 2017. <a href=\"https://doi.org/arqus Working Paper No. 214\">https://doi.org/arqus Working Paper No. 214</a>."},"title":"When Do Managers Highlight Their Effective Tax Rate?","doi":"arqus Working Paper No. 214","date_updated":"2022-01-06T07:01:19Z","volume":214,"author":[{"first_name":"Vanessa","last_name":"Flagmeier","full_name":"Flagmeier, Vanessa","id":"8084"},{"last_name":"Müller","id":"1245","full_name":"Müller, Jens","first_name":"Jens"},{"first_name":"Caren","last_name":"Sureth-Sloane","full_name":"Sureth-Sloane, Caren","id":"530"}],"date_created":"2018-10-12T08:35:31Z","status":"public","type":"working_paper","language":[{"iso":"eng"}],"_id":"4702","department":[{"_id":"187"},{"_id":"189"},{"_id":"551"},{"_id":"635"}],"user_id":"68607","series_title":"arqus Working Paper"},{"title":"Tax Loss Offset Restrictions and Biased Perception of Risky Investments","doi":"arqus Working Paper No. 222","date_updated":"2022-01-06T07:01:19Z","volume":222,"author":[{"id":"4324","full_name":"Mehrmann, Annika","last_name":"Mehrmann","first_name":"Annika"},{"first_name":"Caren","id":"530","full_name":"Sureth-Sloane, Caren","last_name":"Sureth-Sloane"}],"date_created":"2018-10-12T08:40:30Z","year":"2017","intvolume":"       222","citation":{"chicago":"Mehrmann, Annika, and Caren Sureth-Sloane. <i>Tax Loss Offset Restrictions and Biased Perception of Risky Investments</i>. Vol. 222. Arqus Working Paper Series, 2017. <a href=\"https://doi.org/arqus Working Paper No. 222\">https://doi.org/arqus Working Paper No. 222</a>.","ieee":"A. Mehrmann and C. Sureth-Sloane, <i>Tax Loss Offset Restrictions and Biased Perception of Risky Investments</i>, vol. 222. 2017.","ama":"Mehrmann A, Sureth-Sloane C. <i>Tax Loss Offset Restrictions and Biased Perception of Risky Investments</i>. Vol 222.; 2017. doi:<a href=\"https://doi.org/arqus Working Paper No. 222\">arqus Working Paper No. 222</a>","apa":"Mehrmann, A., &#38; Sureth-Sloane, C. (2017). <i>Tax Loss Offset Restrictions and Biased Perception of Risky Investments</i> (Vol. 222). <a href=\"https://doi.org/arqus Working Paper No. 222\">https://doi.org/arqus Working Paper No. 222</a>","short":"A. Mehrmann, C. Sureth-Sloane, Tax Loss Offset Restrictions and Biased Perception of Risky Investments, 2017.","bibtex":"@book{Mehrmann_Sureth-Sloane_2017, series={arqus Working Paper Series}, title={Tax Loss Offset Restrictions and Biased Perception of Risky Investments}, volume={222}, DOI={<a href=\"https://doi.org/arqus Working Paper No. 222\">arqus Working Paper No. 222</a>}, author={Mehrmann, Annika and Sureth-Sloane, Caren}, year={2017}, collection={arqus Working Paper Series} }","mla":"Mehrmann, Annika, and Caren Sureth-Sloane. <i>Tax Loss Offset Restrictions and Biased Perception of Risky Investments</i>. Vol. 222, 2017, doi:<a href=\"https://doi.org/arqus Working Paper No. 222\">arqus Working Paper No. 222</a>."},"language":[{"iso":"eng"}],"_id":"4712","department":[{"_id":"187"},{"_id":"635"}],"series_title":"arqus Working Paper Series","user_id":"68607","status":"public","type":"working_paper"},{"citation":{"apa":"Sureth-Sloane, C. (2017). <i>Die Fakultät für Wirtschaftswissenschaften an der Universität Paderborn: Zeitzeugen geben Einblicke in den Werdegang ihrer Fakultät</i>. Eusl-Verlag, Detmold.","mla":"Sureth-Sloane, Caren. <i>Die Fakultät für Wirtschaftswissenschaften an der Universität Paderborn: Zeitzeugen geben Einblicke in den Werdegang ihrer Fakultät</i>. Eusl-Verlag, Detmold, 2017.","bibtex":"@book{Sureth-Sloane_2017, title={Die Fakultät für Wirtschaftswissenschaften an der Universität Paderborn: Zeitzeugen geben Einblicke in den Werdegang ihrer Fakultät}, publisher={Eusl-Verlag, Detmold}, author={Sureth-Sloane, Caren}, year={2017} }","short":"C. Sureth-Sloane, Die Fakultät für Wirtschaftswissenschaften an der Universität Paderborn: Zeitzeugen geben Einblicke in den Werdegang ihrer Fakultät, Eusl-Verlag, Detmold, 2017.","ieee":"C. Sureth-Sloane, <i>Die Fakultät für Wirtschaftswissenschaften an der Universität Paderborn: Zeitzeugen geben Einblicke in den Werdegang ihrer Fakultät</i>. Eusl-Verlag, Detmold, 2017.","chicago":"Sureth-Sloane, Caren. <i>Die Fakultät für Wirtschaftswissenschaften an der Universität Paderborn: Zeitzeugen geben Einblicke in den Werdegang ihrer Fakultät</i>. Eusl-Verlag, Detmold, 2017.","ama":"Sureth-Sloane C. <i>Die Fakultät für Wirtschaftswissenschaften an der Universität Paderborn: Zeitzeugen geben Einblicke in den Werdegang ihrer Fakultät</i>. Eusl-Verlag, Detmold; 2017."},"year":"2017","date_created":"2018-10-12T08:43:29Z","author":[{"id":"530","full_name":"Sureth-Sloane, Caren","last_name":"Sureth-Sloane","first_name":"Caren"}],"publisher":"Eusl-Verlag, Detmold","date_updated":"2022-01-06T07:01:19Z","title":"Die Fakultät für Wirtschaftswissenschaften an der Universität Paderborn: Zeitzeugen geben Einblicke in den Werdegang ihrer Fakultät","type":"book","status":"public","department":[{"_id":"187"}],"user_id":"21222","_id":"4713","language":[{"iso":"ger"}]},{"type":"working_paper","year":"2017","status":"public","citation":{"bibtex":"@book{Ebert_Schneider_2017, title={Is there more voluntary disclosure if investors are better informed?}, author={Ebert, Michael and Schneider, Georg Thomas}, year={2017} }","mla":"Ebert, Michael, and Georg Thomas Schneider. <i>Is There More Voluntary Disclosure If Investors Are Better Informed?</i> 2017.","short":"M. Ebert, G.T. 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Schneider, <i>Is there more voluntary disclosure if investors are better informed?</i> 2017.","chicago":"Ebert, Michael, and Georg Thomas Schneider. <i>Is There More Voluntary Disclosure If Investors Are Better Informed?</i>, 2017."},"_id":"4773","date_updated":"2022-01-06T07:01:21Z","department":[{"_id":"190"}],"date_created":"2018-10-18T10:39:47Z","author":[{"first_name":"Michael","last_name":"Ebert","full_name":"Ebert, Michael"},{"full_name":"Schneider, Georg Thomas","last_name":"Schneider","first_name":"Georg Thomas"}],"user_id":"26589","title":"Is there more voluntary disclosure if investors are better informed?"},{"type":"dissertation","status":"public","department":[{"_id":"187"}],"user_id":"21222","_id":"5011","language":[{"iso":"ger"}],"citation":{"apa":"Mehrmann, A. (2017). <i>Der Einfluss steuerlicher Verlustverrechnung auf Investitionsentscheidungen bei Risiko unter Berücksichtigung präskriptiver und deskriptiver Verhaltenselemente</i>. Hamburg: Verlag Dr. Kovac.","mla":"Mehrmann, Annika. <i>Der Einfluss steuerlicher Verlustverrechnung auf Investitionsentscheidungen bei Risiko unter Berücksichtigung präskriptiver und deskriptiver Verhaltenselemente</i>. Verlag Dr. Kovac, 2017.","bibtex":"@book{Mehrmann_2017, place={Hamburg}, title={Der Einfluss steuerlicher Verlustverrechnung auf Investitionsentscheidungen bei Risiko unter Berücksichtigung präskriptiver und deskriptiver Verhaltenselemente}, publisher={Verlag Dr. Kovac}, author={Mehrmann, Annika}, year={2017} }","short":"A. Mehrmann, Der Einfluss steuerlicher Verlustverrechnung auf Investitionsentscheidungen bei Risiko unter Berücksichtigung präskriptiver und deskriptiver Verhaltenselemente, Verlag Dr. Kovac, Hamburg, 2017.","ieee":"A. Mehrmann, <i>Der Einfluss steuerlicher Verlustverrechnung auf Investitionsentscheidungen bei Risiko unter Berücksichtigung präskriptiver und deskriptiver Verhaltenselemente</i>. Hamburg: Verlag Dr. Kovac, 2017.","chicago":"Mehrmann, Annika. <i>Der Einfluss steuerlicher Verlustverrechnung auf Investitionsentscheidungen bei Risiko unter Berücksichtigung präskriptiver und deskriptiver Verhaltenselemente</i>. Hamburg: Verlag Dr. Kovac, 2017.","ama":"Mehrmann A. <i>Der Einfluss steuerlicher Verlustverrechnung auf Investitionsentscheidungen bei Risiko unter Berücksichtigung präskriptiver und deskriptiver Verhaltenselemente</i>. Hamburg: Verlag Dr. Kovac; 2017."},"place":"Hamburg","year":"2017","author":[{"first_name":"Annika","last_name":"Mehrmann","full_name":"Mehrmann, Annika","id":"4324"}],"date_created":"2018-10-30T12:38:33Z","supervisor":[{"first_name":"Caren","full_name":"Sureth-Sloane, Caren","id":"530","last_name":"Sureth-Sloane"}],"publisher":"Verlag Dr. Kovac","date_updated":"2022-01-06T07:01:34Z","title":"Der Einfluss steuerlicher Verlustverrechnung auf Investitionsentscheidungen bei Risiko unter Berücksichtigung präskriptiver und deskriptiver Verhaltenselemente"},{"title":"Die Bewertung der Steuerstrategie von Unternehmen","supervisor":[{"first_name":"Caren","last_name":"Sureth-Sloane","full_name":"Sureth-Sloane, Caren","id":"530"}],"author":[{"last_name":"Brinkmann","full_name":"Brinkmann, Bastian","first_name":"Bastian"}],"date_created":"2018-10-30T12:40:13Z","publisher":"Verlag Dr. Kovac","date_updated":"2022-01-06T07:01:34Z","citation":{"apa":"Brinkmann, B. (2017). <i>Die Bewertung der Steuerstrategie von Unternehmen</i>. Hamburg: Verlag Dr. Kovac.","mla":"Brinkmann, Bastian. <i>Die Bewertung der Steuerstrategie von Unternehmen</i>. Verlag Dr. Kovac, 2017.","bibtex":"@book{Brinkmann_2017, place={Hamburg}, title={Die Bewertung der Steuerstrategie von Unternehmen}, publisher={Verlag Dr. Kovac}, author={Brinkmann, Bastian}, year={2017} }","short":"B. Brinkmann, Die Bewertung der Steuerstrategie von Unternehmen, Verlag Dr. Kovac, Hamburg, 2017.","ieee":"B. Brinkmann, <i>Die Bewertung der Steuerstrategie von Unternehmen</i>. Hamburg: Verlag Dr. Kovac, 2017.","chicago":"Brinkmann, Bastian. <i>Die Bewertung der Steuerstrategie von Unternehmen</i>. Hamburg: Verlag Dr. Kovac, 2017.","ama":"Brinkmann B. <i>Die Bewertung der Steuerstrategie von Unternehmen</i>. Hamburg: Verlag Dr. Kovac; 2017."},"place":"Hamburg","year":"2017","language":[{"iso":"ger"}],"user_id":"21222","department":[{"_id":"187"}],"_id":"5012","status":"public","type":"dissertation"},{"department":[{"_id":"187"}],"user_id":"21222","_id":"5013","language":[{"iso":"ger"}],"publication":"RWZ- Zeitschrift für Recht und Rechnungswesen","type":"journal_article","status":"public","volume":27,"author":[{"first_name":"Tobias","full_name":"Bornemann, Tobias","last_name":"Bornemann"},{"full_name":"Eberhartinger, Eva","last_name":"Eberhartinger","first_name":"Eva"}],"date_created":"2018-10-30T12:43:51Z","date_updated":"2022-01-06T07:01:34Z","title":"Die Initiative der EU zum öffentlichen Country-by-Country Reporting","issue":"10","intvolume":"        27","page":"319-325","citation":{"apa":"Bornemann, T., &#38; Eberhartinger, E. (2017). Die Initiative der EU zum öffentlichen Country-by-Country Reporting. <i>RWZ- Zeitschrift für Recht und Rechnungswesen</i>, <i>27</i>(10), 319–325.","bibtex":"@article{Bornemann_Eberhartinger_2017, title={Die Initiative der EU zum öffentlichen Country-by-Country Reporting}, volume={27}, number={10}, journal={RWZ- Zeitschrift für Recht und Rechnungswesen}, author={Bornemann, Tobias and Eberhartinger, Eva}, year={2017}, pages={319–325} }","mla":"Bornemann, Tobias, and Eva Eberhartinger. “Die Initiative der EU zum öffentlichen Country-by-Country Reporting.” <i>RWZ- Zeitschrift für Recht und Rechnungswesen</i>, vol. 27, no. 10, 2017, pp. 319–25.","short":"T. Bornemann, E. Eberhartinger, RWZ- Zeitschrift für Recht und Rechnungswesen 27 (2017) 319–325.","ama":"Bornemann T, Eberhartinger E. Die Initiative der EU zum öffentlichen Country-by-Country Reporting. <i>RWZ- Zeitschrift für Recht und Rechnungswesen</i>. 2017;27(10):319-325.","ieee":"T. Bornemann and E. Eberhartinger, “Die Initiative der EU zum öffentlichen Country-by-Country Reporting,” <i>RWZ- Zeitschrift für Recht und Rechnungswesen</i>, vol. 27, no. 10, pp. 319–325, 2017.","chicago":"Bornemann, Tobias, and Eva Eberhartinger. “Die Initiative der EU zum öffentlichen Country-by-Country Reporting.” <i>RWZ- Zeitschrift für Recht und Rechnungswesen</i> 27, no. 10 (2017): 319–25."},"year":"2017"},{"year":"2017","citation":{"ama":"Bauer T, Kourouxous T. Capital Charge Rates, Investment Incentives and Taxation. <i>European Accounting Review</i>. 2017;26(3):419-440. doi:<a href=\"https://doi.org/10.1080/09638180.2016.1169938\">10.1080/09638180.2016.1169938</a>","ieee":"T. Bauer and T. Kourouxous, “Capital Charge Rates, Investment Incentives and Taxation,” <i>European Accounting Review</i>, vol. 26, no. 3, pp. 419–440, 2017.","chicago":"Bauer, Thomas, and Thomas Kourouxous. “Capital Charge Rates, Investment Incentives and Taxation.” <i>European Accounting Review</i> 26, no. 3 (2017): 419–40. <a href=\"https://doi.org/10.1080/09638180.2016.1169938\">https://doi.org/10.1080/09638180.2016.1169938</a>.","mla":"Bauer, Thomas, and Thomas Kourouxous. “Capital Charge Rates, Investment Incentives and Taxation.” <i>European Accounting Review</i>, vol. 26, no. 3, Informa UK Limited, 2017, pp. 419–40, doi:<a href=\"https://doi.org/10.1080/09638180.2016.1169938\">10.1080/09638180.2016.1169938</a>.","short":"T. Bauer, T. Kourouxous, European Accounting Review 26 (2017) 419–440.","bibtex":"@article{Bauer_Kourouxous_2017, title={Capital Charge Rates, Investment Incentives and Taxation}, volume={26}, DOI={<a href=\"https://doi.org/10.1080/09638180.2016.1169938\">10.1080/09638180.2016.1169938</a>}, number={3}, journal={European Accounting Review}, publisher={Informa UK Limited}, author={Bauer, Thomas and Kourouxous, Thomas}, year={2017}, pages={419–440} }","apa":"Bauer, T., &#38; Kourouxous, T. (2017). Capital Charge Rates, Investment Incentives and Taxation. <i>European Accounting Review</i>, <i>26</i>(3), 419–440. <a href=\"https://doi.org/10.1080/09638180.2016.1169938\">https://doi.org/10.1080/09638180.2016.1169938</a>"},"intvolume":"        26","page":"419-440","publication_status":"published","publication_identifier":{"issn":["0963-8180","1468-4497"]},"issue":"3","title":"Capital Charge Rates, Investment Incentives and Taxation","doi":"10.1080/09638180.2016.1169938","date_updated":"2022-01-06T07:01:34Z","publisher":"Informa UK Limited","date_created":"2018-10-30T12:44:44Z","author":[{"full_name":"Bauer, Thomas","last_name":"Bauer","first_name":"Thomas"},{"first_name":"Thomas","full_name":"Kourouxous, Thomas","id":"66936","last_name":"Kourouxous"}],"volume":26,"abstract":[{"lang":"eng","text":"This paper studies the impact of personal and corporate income taxation on capital charge rates in a delegation setting with a risk-averse manager. If the investment level influences the riskiness of the investment project, the capital charge rate deviates from the firm's cost of capital and depends crucially on the manager's personal income tax rate. Contradicting conventional wisdom, we find that a higher personal income tax rate induces higher investment expenditures and, surprisingly, increases the capital charge rate. The countervailing effect that a higher capital charge rate induces higher and not lower investment expenditures persists for pre-tax and after-tax performance measures as well as when the tax deductibility of managerial compensation is limited. Corporate income tax causes a similar effect only in the case of limited tax deductibility of compensation. Our insights remain valid regardless of the financing structure and the risk attitude of the investors."}],"status":"public","type":"journal_article","publication":"European Accounting Review","language":[{"iso":"eng"}],"_id":"5014","user_id":"61801","department":[{"_id":"187"},{"_id":"635"}]},{"date_created":"2018-10-31T10:19:03Z","author":[{"first_name":"Sönke","last_name":"Sievers","id":"46447","full_name":"Sievers, Sönke"},{"first_name":"Jens","full_name":"Kengelbach, Jens","last_name":"Kengelbach"},{"first_name":"Georg","last_name":"Keienburg","full_name":"Keienburg, Georg"},{"first_name":"Timo","full_name":"Schmid, Timo","last_name":"Schmid"},{"last_name":"Gjersta","full_name":"Gjersta, Ketil","first_name":"Ketil"},{"last_name":"Nielsen","full_name":"Nielsen, Jesper","first_name":"Jesper"},{"first_name":"Decker","full_name":"Walker, Decker","last_name":"Walker"}],"date_updated":"2022-01-06T07:01:41Z","publisher":"The Boston Consulting Group, Inc., M&A Report","main_file_link":[{"url":"https://en.wiwi.uni-paderborn.de/fileadmin/dep2ls9/Dateien_Sievers/2017_MA_Report_The_Technology_Takeover_BCG_Uni_Paderborn.pdf"}],"title":"The Technology Takeover","publication_status":"published","citation":{"short":"S. Sievers, J. Kengelbach, G. Keienburg, T. Schmid, K. Gjersta, J. Nielsen, D. Walker, The Technology Takeover, The Boston Consulting Group, Inc., M&#38;A Report, 2017.","bibtex":"@book{Sievers_Kengelbach_Keienburg_Schmid_Gjersta_Nielsen_Walker_2017, title={The Technology Takeover}, publisher={The Boston Consulting Group, Inc., M&#38;A Report}, author={Sievers, Sönke and Kengelbach, Jens and Keienburg, Georg and Schmid, Timo and Gjersta, Ketil and Nielsen, Jesper and Walker, Decker}, year={2017} }","mla":"Sievers, Sönke, et al. <i>The Technology Takeover</i>. The Boston Consulting Group, Inc., M&#38;A Report, 2017.","apa":"Sievers, S., Kengelbach, J., Keienburg, G., Schmid, T., Gjersta, K., Nielsen, J., &#38; Walker, D. (2017). <i>The Technology Takeover</i>. The Boston Consulting Group, Inc., M&#38;A Report.","ama":"Sievers S, Kengelbach J, Keienburg G, et al. <i>The Technology Takeover</i>. The Boston Consulting Group, Inc., M&#38;A Report; 2017.","ieee":"S. Sievers <i>et al.</i>, <i>The Technology Takeover</i>. The Boston Consulting Group, Inc., M&#38;A Report, 2017.","chicago":"Sievers, Sönke, Jens Kengelbach, Georg Keienburg, Timo Schmid, Ketil Gjersta, Jesper Nielsen, and Decker Walker. <i>The Technology Takeover</i>. The Boston Consulting Group, Inc., M&#38;A Report, 2017."},"year":"2017","user_id":"46447","department":[{"_id":"275"}],"_id":"5174","language":[{"iso":"eng"}],"type":"report","status":"public"},{"type":"journal_article","publication":"SSRN Electronic Journal","abstract":[{"lang":"eng","text":"We offer the first empirical analysis connecting the timing of general partner (GP) compensation to private equity fund performance. Using detailed information on limited partnership agreements between private equity limited and general partners, we find that \"GP-friendly\" contracts - agreements that pay general partners on a deal-by-deal basis instead of withholding carried interest until a benchmark return has been earned - are associated with higher returns, both gross and net of fees. This is robust to measures of performance persistence, time period effects, and other contract terms, and is related to exit-timing incentives. Timing practices balance GP incentives against limited partner downside protection. "}],"status":"public","_id":"5185","user_id":"64756","department":[{"_id":"275"}],"keyword":["venture capital","compensation","private equity","VC partnership","pay-performance relation"],"language":[{"iso":"eng"}],"year":"2017","jel":["G10","G23","G24"],"citation":{"apa":"Hüther, N., Robinson, D., Sievers, S., &#38; Hartmann-Wendels, T. (2017). Paying for Performance in Private Equity: Evidence from VC Partnerships. <i>SSRN Electronic Journal</i>. <a href=\"https://doi.org/10.2139/ssrn.3087320\">https://doi.org/10.2139/ssrn.3087320</a>","mla":"Hüther, Niklas, et al. “Paying for Performance in Private Equity: Evidence from VC Partnerships.” <i>SSRN Electronic Journal</i>, 2017, doi:<a href=\"https://doi.org/10.2139/ssrn.3087320\">10.2139/ssrn.3087320</a>.","short":"N. Hüther, D. Robinson, S. Sievers, T. Hartmann-Wendels, SSRN Electronic Journal (2017).","bibtex":"@article{Hüther_Robinson_Sievers_Hartmann-Wendels_2017, title={Paying for Performance in Private Equity: Evidence from VC Partnerships}, DOI={<a href=\"https://doi.org/10.2139/ssrn.3087320\">10.2139/ssrn.3087320</a>}, journal={SSRN Electronic Journal}, author={Hüther, Niklas and Robinson, David and Sievers, Sönke and Hartmann-Wendels, Thomas}, year={2017} }","chicago":"Hüther, Niklas, David Robinson, Sönke Sievers, and Thomas Hartmann-Wendels. “Paying for Performance in Private Equity: Evidence from VC Partnerships.” <i>SSRN Electronic Journal</i>, 2017. <a href=\"https://doi.org/10.2139/ssrn.3087320\">https://doi.org/10.2139/ssrn.3087320</a>.","ieee":"N. Hüther, D. Robinson, S. Sievers, and T. Hartmann-Wendels, “Paying for Performance in Private Equity: Evidence from VC Partnerships,” <i>SSRN Electronic Journal</i>, 2017.","ama":"Hüther N, Robinson D, Sievers S, Hartmann-Wendels T. Paying for Performance in Private Equity: Evidence from VC Partnerships. <i>SSRN Electronic Journal</i>. 2017. doi:<a href=\"https://doi.org/10.2139/ssrn.3087320\">10.2139/ssrn.3087320</a>"},"date_updated":"2022-01-06T07:01:41Z","date_created":"2018-10-31T10:48:46Z","author":[{"full_name":"Hüther, Niklas","last_name":"Hüther","first_name":"Niklas"},{"first_name":"David","last_name":"Robinson","full_name":"Robinson, David"},{"first_name":"Sönke","last_name":"Sievers","full_name":"Sievers, Sönke"},{"last_name":"Hartmann-Wendels","full_name":"Hartmann-Wendels, Thomas","first_name":"Thomas"}],"title":"Paying for Performance in Private Equity: Evidence from VC Partnerships","doi":"10.2139/ssrn.3087320"},{"title":"Predicting Early Warning Signals of Financial Distress: Theory and Empirical Evidence","date_updated":"2022-01-06T07:01:43Z","date_created":"2018-10-31T12:19:42Z","author":[{"first_name":"Jan","full_name":"Klobucnik, Jan","last_name":"Klobucnik"},{"first_name":"David","full_name":"Miersch, David","last_name":"Miersch"},{"first_name":"Sönke","last_name":"Sievers","full_name":"Sievers, Sönke"}],"year":"2017","citation":{"ama":"Klobucnik J, Miersch D, Sievers S. Predicting Early Warning Signals of Financial Distress: Theory and Empirical Evidence. <i>SSRN Electronic Journal</i>. 2017.","ieee":"J. Klobucnik, D. Miersch, and S. Sievers, “Predicting Early Warning Signals of Financial Distress: Theory and Empirical Evidence,” <i>SSRN Electronic Journal</i>, 2017.","chicago":"Klobucnik, Jan, David Miersch, and Sönke Sievers. “Predicting Early Warning Signals of Financial Distress: Theory and Empirical Evidence.” <i>SSRN Electronic Journal</i>, 2017.","mla":"Klobucnik, Jan, et al. “Predicting Early Warning Signals of Financial Distress: Theory and Empirical Evidence.” <i>SSRN Electronic Journal</i>, 2017.","bibtex":"@article{Klobucnik_Miersch_Sievers_2017, title={Predicting Early Warning Signals of Financial Distress: Theory and Empirical Evidence}, journal={SSRN Electronic Journal}, author={Klobucnik, Jan and Miersch, David and Sievers, Sönke}, year={2017} }","short":"J. Klobucnik, D. Miersch, S. Sievers, SSRN Electronic Journal (2017).","apa":"Klobucnik, J., Miersch, D., &#38; Sievers, S. (2017). Predicting Early Warning Signals of Financial Distress: Theory and Empirical Evidence. <i>SSRN Electronic Journal</i>."},"jel":["C63","C52","C53","G33","M41"],"publication_status":"published","keyword":["Financial distress prediction","probability of default","accounting information","stochastic processes","simulation"],"language":[{"iso":"eng"}],"_id":"5199","user_id":"64756","department":[{"_id":"275"}],"abstract":[{"text":"This study proposes a simple theoretical framework that allows for assessing financial distress up to five years in advance. We jointly model financial distress by using two of its key driving factors: declining cash-generating ability and insufficient liquidity reserves. The model is based on stochastic processes and incorporates firm-level and industry-sector developments. A large-scale empirical implementation for US-listed firms over the period of 1980-2010 shows important improvements in the discriminatory accuracy and demonstrates incremental information content beyond state-of-the-art accounting and market-based prediction models. Consequently, this study might provide important ex ante warning signals for investors, regulators and practitioners. ","lang":"eng"}],"status":"public","type":"journal_article","publication":"SSRN Electronic Journal"},{"title":"Financial penalties and bank performance","doi":"10.1016/j.jbankfin.2017.02.009","publisher":"Elsevier BV","date_updated":"2022-01-06T06:51:59Z","date_created":"2018-03-20T11:30:31Z","author":[{"last_name":"Köster","full_name":"Köster, Hannes","first_name":"Hannes"},{"first_name":"Matthias","id":"67265","full_name":"Pelster, Matthias","orcid":" https://orcid.org/0000-0001-5740-2420","last_name":"Pelster"}],"volume":79,"year":"2017","citation":{"ama":"Köster H, Pelster M. Financial penalties and bank performance. <i>Journal of Banking &#38; Finance</i>. 2017;79:57-73. doi:<a href=\"https://doi.org/10.1016/j.jbankfin.2017.02.009\">10.1016/j.jbankfin.2017.02.009</a>","ieee":"H. Köster and M. Pelster, “Financial penalties and bank performance,” <i>Journal of Banking &#38; Finance</i>, vol. 79, pp. 57–73, 2017.","chicago":"Köster, Hannes, and Matthias Pelster. “Financial Penalties and Bank Performance.” <i>Journal of Banking &#38; Finance</i> 79 (2017): 57–73. <a href=\"https://doi.org/10.1016/j.jbankfin.2017.02.009\">https://doi.org/10.1016/j.jbankfin.2017.02.009</a>.","apa":"Köster, H., &#38; Pelster, M. (2017). Financial penalties and bank performance. <i>Journal of Banking &#38; Finance</i>, <i>79</i>, 57–73. <a href=\"https://doi.org/10.1016/j.jbankfin.2017.02.009\">https://doi.org/10.1016/j.jbankfin.2017.02.009</a>","short":"H. Köster, M. Pelster, Journal of Banking &#38; Finance 79 (2017) 57–73.","mla":"Köster, Hannes, and Matthias Pelster. “Financial Penalties and Bank Performance.” <i>Journal of Banking &#38; Finance</i>, vol. 79, Elsevier BV, 2017, pp. 57–73, doi:<a href=\"https://doi.org/10.1016/j.jbankfin.2017.02.009\">10.1016/j.jbankfin.2017.02.009</a>.","bibtex":"@article{Köster_Pelster_2017, title={Financial penalties and bank performance}, volume={79}, DOI={<a href=\"https://doi.org/10.1016/j.jbankfin.2017.02.009\">10.1016/j.jbankfin.2017.02.009</a>}, journal={Journal of Banking &#38; Finance}, publisher={Elsevier BV}, author={Köster, Hannes and Pelster, Matthias}, year={2017}, pages={57–73} }"},"page":"57-73","intvolume":"        79","publication_status":"published","publication_identifier":{"issn":["0378-4266"]},"_id":"1446","user_id":"67265","department":[{"_id":"186"},{"_id":"578"}],"status":"public","type":"journal_article","publication":"Journal of Banking & Finance"},{"citation":{"chicago":"Pelster, Matthias, and Johannes Vilsmeier. “The Determinants of CDS Spreads: Evidence from the Model Space.” <i>Review of Derivatives Research</i> 21, no. 1 (2017): 63–118. <a href=\"https://doi.org/10.1007/s11147-017-9134-6\">https://doi.org/10.1007/s11147-017-9134-6</a>.","ieee":"M. Pelster and J. Vilsmeier, “The determinants of CDS spreads: evidence from the model space,” <i>Review of Derivatives Research</i>, vol. 21, no. 1, pp. 63–118, 2017.","ama":"Pelster M, Vilsmeier J. The determinants of CDS spreads: evidence from the model space. <i>Review of Derivatives Research</i>. 2017;21(1):63-118. doi:<a href=\"https://doi.org/10.1007/s11147-017-9134-6\">10.1007/s11147-017-9134-6</a>","apa":"Pelster, M., &#38; Vilsmeier, J. (2017). The determinants of CDS spreads: evidence from the model space. <i>Review of Derivatives Research</i>, <i>21</i>(1), 63–118. <a href=\"https://doi.org/10.1007/s11147-017-9134-6\">https://doi.org/10.1007/s11147-017-9134-6</a>","bibtex":"@article{Pelster_Vilsmeier_2017, title={The determinants of CDS spreads: evidence from the model space}, volume={21}, DOI={<a href=\"https://doi.org/10.1007/s11147-017-9134-6\">10.1007/s11147-017-9134-6</a>}, number={1}, journal={Review of Derivatives Research}, publisher={Springer Nature}, author={Pelster, Matthias and Vilsmeier, Johannes}, year={2017}, pages={63–118} }","mla":"Pelster, Matthias, and Johannes Vilsmeier. “The Determinants of CDS Spreads: Evidence from the Model Space.” <i>Review of Derivatives Research</i>, vol. 21, no. 1, Springer Nature, 2017, pp. 63–118, doi:<a href=\"https://doi.org/10.1007/s11147-017-9134-6\">10.1007/s11147-017-9134-6</a>.","short":"M. Pelster, J. 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