---
_id: '2620'
author:
- first_name: Stefan
  full_name: Betz, Stefan
  id: '54'
  last_name: Betz
citation:
  ama: 'Betz S. Lagerkapazitätsdimensionierung als betriebswirtschaftliches Entscheidungsproblem.
    In: Betz S, ed. <i>Aktuelle Fragestellungen zu Produktion, Logistik und Controlling</i>.
    Hamburg; 2017:299-328.'
  apa: Betz, S. (2017). Lagerkapazitätsdimensionierung als betriebswirtschaftliches
    Entscheidungsproblem. In S. Betz (Ed.), <i>Aktuelle Fragestellungen zu Produktion,
    Logistik und Controlling</i> (pp. 299–328). Hamburg.
  bibtex: '@inbook{Betz_2017, place={Hamburg}, title={Lagerkapazitätsdimensionierung
    als betriebswirtschaftliches Entscheidungsproblem}, booktitle={Aktuelle Fragestellungen
    zu Produktion, Logistik und Controlling}, author={Betz, Stefan}, editor={Betz,
    StefanEditor}, year={2017}, pages={299–328} }'
  chicago: Betz, Stefan. “Lagerkapazitätsdimensionierung als betriebswirtschaftliches
    Entscheidungsproblem.” In <i>Aktuelle Fragestellungen zu Produktion, Logistik
    und Controlling</i>, edited by Stefan Betz, 299–328. Hamburg, 2017.
  ieee: S. Betz, “Lagerkapazitätsdimensionierung als betriebswirtschaftliches Entscheidungsproblem,”
    in <i>Aktuelle Fragestellungen zu Produktion, Logistik und Controlling</i>, S.
    Betz, Ed. Hamburg, 2017, pp. 299–328.
  mla: Betz, Stefan. “Lagerkapazitätsdimensionierung als betriebswirtschaftliches
    Entscheidungsproblem.” <i>Aktuelle Fragestellungen zu Produktion, Logistik und
    Controlling</i>, edited by Stefan Betz, 2017, pp. 299–328.
  short: 'S. Betz, in: S. Betz (Ed.), Aktuelle Fragestellungen zu Produktion, Logistik
    und Controlling, Hamburg, 2017, pp. 299–328.'
date_created: 2018-05-03T12:43:09Z
date_updated: 2022-01-06T06:57:18Z
department:
- _id: '193'
editor:
- first_name: Stefan
  full_name: Betz, Stefan
  last_name: Betz
language:
- iso: ger
page: 299-328
place: Hamburg
publication: Aktuelle Fragestellungen zu Produktion, Logistik und Controlling
publication_status: published
status: public
title: Lagerkapazitätsdimensionierung als betriebswirtschaftliches Entscheidungsproblem
type: book_chapter
user_id: '21811'
year: '2017'
...
---
_id: '2677'
citation:
  ama: Betz S, ed. <i>Aktuelle Fragestellungen Zu Produktion, Logistik Und Controlling</i>.
    Hamburg; 2017.
  apa: Betz, S. (Ed.). (2017). <i>Aktuelle Fragestellungen zu Produktion, Logistik
    und Controlling</i>. Hamburg.
  bibtex: '@book{Betz_2017, place={Hamburg}, title={Aktuelle Fragestellungen zu Produktion,
    Logistik und Controlling}, year={2017} }'
  chicago: Betz, Stefan, 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.
  mla: Betz, Stefan, editor. <i>Aktuelle Fragestellungen Zu Produktion, Logistik Und
    Controlling</i>. 2017.
  short: S. Betz, ed., Aktuelle Fragestellungen Zu Produktion, Logistik Und Controlling,
    Hamburg, 2017.
date_created: 2018-05-07T14:30:34Z
date_updated: 2022-01-06T06:57:27Z
department:
- _id: '193'
editor:
- first_name: Stefan
  full_name: Betz, Stefan
  id: '54'
  last_name: Betz
place: Hamburg
status: public
title: Aktuelle Fragestellungen zu Produktion, Logistik und Controlling
type: book_editor
user_id: '21811'
year: '2017'
...
---
_id: '3540'
abstract:
- lang: eng
  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. '
author:
- first_name: Vanessa
  full_name: Flagmeier, Vanessa
  id: '8084'
  last_name: Flagmeier
- first_name: Jens
  full_name: Müller, Jens
  id: '1245'
  last_name: Müller
citation:
  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>.
  bibtex: '@book{Flagmeier_Müller_2017, title={Tax loss carryforward disclosure and
    uncertainty}, author={Flagmeier, Vanessa and Müller, Jens}, year={2017} }'
  chicago: Flagmeier, Vanessa, and Jens Müller. <i>Tax Loss Carryforward Disclosure
    and Uncertainty</i>, 2017.
  ieee: V. Flagmeier and J. Müller, <i>Tax loss carryforward disclosure and uncertainty</i>.
    2017.
  mla: Flagmeier, Vanessa, and Jens Müller. <i>Tax Loss Carryforward Disclosure and
    Uncertainty</i>. 2017.
  short: V. Flagmeier, J. Müller, Tax Loss Carryforward Disclosure and Uncertainty,
    2017.
date_created: 2018-07-11T07:43:16Z
date_updated: 2022-01-06T06:59:22Z
department:
- _id: '551'
- _id: '189'
language:
- iso: eng
page: '56'
publication_status: published
status: public
title: Tax loss carryforward disclosure and uncertainty
type: working_paper
user_id: '64756'
year: '2017'
...
---
_id: '3545'
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.
author:
- first_name: Vanessa
  full_name: Flagmeier, Vanessa
  id: '8084'
  last_name: Flagmeier
citation:
  ama: 'Flagmeier V. <i>The Information Content of Tax Loss Carryforwards: IAS 12
    vs. Valuation Allowance</i>.; 2017.'
  apa: 'Flagmeier, V. (2017). <i>The information content of tax loss carryforwards:
    IAS 12 vs. valuation allowance</i>.'
  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.'
  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.'
date_created: 2018-07-11T09:52:12Z
date_updated: 2022-01-06T06:59:23Z
department:
- _id: '551'
- _id: '189'
language:
- iso: eng
status: public
title: 'The information content of tax loss carryforwards: IAS 12 vs. valuation allowance'
type: working_paper
user_id: '64756'
year: '2017'
...
---
_id: '20868'
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.'
author:
- first_name: Sönke
  full_name: Sievers, Sönke
  id: '46447'
  last_name: Sievers
- first_name: Jan
  full_name: Klobucnik, Jan
  last_name: Klobucnik
- first_name: David
  full_name: Miersch, David
  last_name: Miersch
citation:
  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>'
  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>'
  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} }'
  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>.'
  ieee: 'S. Sievers, J. Klobucnik, and D. Miersch, <i>Predicting Early Warning Signals
    of Financial Distress: Theory and Empirical Evidence</i>. 2017.'
  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.'
date_created: 2021-01-05T11:44:45Z
date_updated: 2022-01-06T06:54:41Z
department:
- _id: '275'
doi: 10.2139/ssrn.2237757
jel:
- C63
- C52
- C53
- G33
- M41
keyword:
- Financial distress prediction
- probability of default
- accounting information
- stochastic processes
- simulation
language:
- iso: eng
main_file_link:
- url: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2237757
page: '84'
publication_status: published
status: public
title: 'Predicting Early Warning Signals of Financial Distress: Theory and Empirical
  Evidence'
type: working_paper
user_id: '46447'
year: '2017'
...
---
_id: '2241'
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.
article_type: original
author:
- first_name: Thomas
  full_name: Hoppe, Thomas
  id: '22671'
  last_name: Hoppe
- first_name: Deborah
  full_name: Schanz, Deborah
  last_name: Schanz
- first_name: Susann
  full_name: Sturm, Susann
  last_name: Sturm
- first_name: Caren
  full_name: Sureth-Sloane, Caren
  id: '530'
  last_name: Sureth-Sloane
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.
  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.
  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}
    }'
  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.'
  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.
  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.
  short: T. Hoppe, D. Schanz, S. Sturm, C. Sureth-Sloane, Die Wirtschaftsprüfung 70
    (2017) 1026–1033.
date_created: 2018-04-06T07:27:32Z
date_updated: 2022-01-06T06:55:32Z
department:
- _id: '187'
- _id: '635'
intvolume: '        70'
issue: '17'
keyword:
- Steuersystem
- Komplexität
- Steuergesetz
- Steuerliche Rahmenbedingungen
- BEPS
language:
- iso: ger
page: 1026-1033
project:
- _id: '37'
  grant_number: P01
  name: Der Einfluss von steuerlicher Regulierung auf multinationale Unternehmen
publication: Die Wirtschaftsprüfung
publication_status: published
publisher: IDW
status: public
title: Warum ist unser Steuersystem so komplex? Eine befragungsbasierte Analyse
type: journal_article
user_id: '68607'
volume: 70
year: '2017'
...
---
_id: '2247'
author:
- first_name: Thomas
  full_name: Hoppe, Thomas
  id: '22671'
  last_name: Hoppe
- first_name: Deborah
  full_name: Schanz, Deborah
  last_name: Schanz
- first_name: Susann
  full_name: Sturm, Susann
  last_name: Sturm
- first_name: Caren
  full_name: Sureth-Sloane, Caren
  id: '530'
  last_name: Sureth-Sloane
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>
  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} }'
  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.
  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.
date_created: 2018-04-06T07:40:18Z
date_updated: 2022-01-06T06:55:33Z
ddc:
- '330'
department:
- _id: '187'
- _id: '635'
doi: 10.13140/RG.2.2.23707.46881
file:
- access_level: open_access
  content_type: application/pdf
  creator: hoppet
  date_created: 2018-04-06T07:40:03Z
  date_updated: 2018-04-06T07:40:03Z
  file_id: '2248'
  file_name: Hoppe Schanz Sturm Sureth-Sloane 2017.pdf
  file_size: 4020983
  relation: main_file
file_date_updated: 2018-04-06T07:40:03Z
has_accepted_license: '1'
language:
- iso: eng
main_file_link:
- open_access: '1'
  url: www.taxcomplexity.org
oa: '1'
page: '27'
project:
- _id: '37'
  grant_number: P01
  name: Der Einfluss von steuerlicher Regulierung auf multinationale Unternehmen
status: public
title: 2016 Global MNC Tax Complexity Survey - Executive Summary
type: report
urn: '22477'
user_id: '68607'
year: '2017'
...
---
_id: '2250'
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.
author:
- first_name: Thomas
  full_name: Hoppe, Thomas
  id: '22671'
  last_name: Hoppe
- first_name: Deborah
  full_name: Schanz, Deborah
  last_name: Schanz
- first_name: Susann
  full_name: Sturm, Susann
  last_name: Sturm
- first_name: Caren
  full_name: Sureth-Sloane, Caren
  id: '530'
  last_name: Sureth-Sloane
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>
  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>
  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} }'
  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.
  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.
date_created: 2018-04-06T07:44:59Z
date_updated: 2022-01-06T06:55:34Z
ddc:
- '330'
department:
- _id: '187'
- _id: '635'
doi: 10.2139/ssrn.3046546
file:
- access_level: closed
  content_type: application/pdf
  creator: hoppet
  date_created: 2018-04-06T07:48:31Z
  date_updated: 2018-04-06T07:48:31Z
  file_id: '2253'
  file_name: Hoppe Schanz Sturm Sureth-Sloane 2017.pdf
  file_size: 1077359
  relation: main_file
  success: 1
file_date_updated: 2018-04-06T07:48:31Z
has_accepted_license: '1'
jel:
- H20
- H25
- C83
- O57
keyword:
- Complexity Drivers
- International Comparison
- Survey
- Tax Complexity
- Tax Practitioners
language:
- iso: eng
main_file_link:
- open_access: '1'
  url: https://ssrn.com/abstract=3046546
oa: '1'
page: '28'
project:
- _id: '37'
  grant_number: P01
  name: Der Einfluss von steuerlicher Regulierung auf multinationale Unternehmen
publication_identifier:
  issn:
  - 1556-5068
status: public
title: What are the Drivers of Tax Complexity for Multinational Corporations? Evidence
  from 108 Countries
type: working_paper
user_id: '68607'
year: '2017'
...
---
_id: '4702'
author:
- first_name: Vanessa
  full_name: Flagmeier, Vanessa
  id: '8084'
  last_name: Flagmeier
- first_name: Jens
  full_name: Müller, Jens
  id: '1245'
  last_name: Müller
- first_name: Caren
  full_name: Sureth-Sloane, Caren
  id: '530'
  last_name: Sureth-Sloane
citation:
  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>
  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>
  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} }'
  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>.
  ieee: V. Flagmeier, J. Müller, and C. Sureth-Sloane, <i>When Do Managers Highlight
    Their Effective Tax Rate?</i>, vol. 214. 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>.
  short: V. Flagmeier, J. Müller, C. Sureth-Sloane, When Do Managers Highlight Their
    Effective Tax Rate?, 2017.
date_created: 2018-10-12T08:35:31Z
date_updated: 2022-01-06T07:01:19Z
department:
- _id: '187'
- _id: '189'
- _id: '551'
- _id: '635'
doi: arqus Working Paper No. 214
intvolume: '       214'
language:
- iso: eng
series_title: arqus Working Paper
status: public
title: When Do Managers Highlight Their Effective Tax Rate?
type: working_paper
user_id: '68607'
volume: 214
year: '2017'
...
---
_id: '4712'
author:
- first_name: Annika
  full_name: Mehrmann, Annika
  id: '4324'
  last_name: Mehrmann
- first_name: Caren
  full_name: Sureth-Sloane, Caren
  id: '530'
  last_name: Sureth-Sloane
citation:
  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>
  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} }'
  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.
  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>.
  short: A. Mehrmann, C. Sureth-Sloane, Tax Loss Offset Restrictions and Biased Perception
    of Risky Investments, 2017.
date_created: 2018-10-12T08:40:30Z
date_updated: 2022-01-06T07:01:19Z
department:
- _id: '187'
- _id: '635'
doi: arqus Working Paper No. 222
intvolume: '       222'
language:
- iso: eng
series_title: arqus Working Paper Series
status: public
title: Tax Loss Offset Restrictions and Biased Perception of Risky Investments
type: working_paper
user_id: '68607'
volume: 222
year: '2017'
...
---
_id: '4713'
author:
- first_name: Caren
  full_name: Sureth-Sloane, Caren
  id: '530'
  last_name: Sureth-Sloane
citation:
  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.'
  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.'
  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}
    }'
  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.'
  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.'
  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.'
  short: 'C. Sureth-Sloane, Die Fakultät für Wirtschaftswissenschaften an der Universität
    Paderborn: Zeitzeugen geben Einblicke in den Werdegang ihrer Fakultät, Eusl-Verlag,
    Detmold, 2017.'
date_created: 2018-10-12T08:43:29Z
date_updated: 2022-01-06T07:01:19Z
department:
- _id: '187'
language:
- iso: ger
publisher: Eusl-Verlag, Detmold
status: public
title: 'Die Fakultät für Wirtschaftswissenschaften an der Universität Paderborn: Zeitzeugen
  geben Einblicke in den Werdegang ihrer Fakultät'
type: book
user_id: '21222'
year: '2017'
...
---
_id: '4773'
author:
- first_name: Michael
  full_name: Ebert, Michael
  last_name: Ebert
- first_name: Georg Thomas
  full_name: Schneider, Georg Thomas
  last_name: Schneider
citation:
  ama: Ebert M, Schneider GT. <i>Is There More Voluntary Disclosure If Investors Are
    Better Informed?</i>; 2017.
  apa: Ebert, M., &#38; Schneider, G. T. (2017). <i>Is there more voluntary disclosure
    if investors are better informed?</i>
  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} }'
  chicago: Ebert, Michael, and Georg Thomas Schneider. <i>Is There More Voluntary
    Disclosure If Investors Are Better Informed?</i>, 2017.
  ieee: M. Ebert and G. T. Schneider, <i>Is there more voluntary disclosure if investors
    are better informed?</i> 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. Schneider, Is There More Voluntary Disclosure If Investors
    Are Better Informed?, 2017.
date_created: 2018-10-18T10:39:47Z
date_updated: 2022-01-06T07:01:21Z
department:
- _id: '190'
status: public
title: Is there more voluntary disclosure if investors are better informed?
type: working_paper
user_id: '26589'
year: '2017'
...
---
_id: '5011'
author:
- first_name: Annika
  full_name: Mehrmann, Annika
  id: '4324'
  last_name: Mehrmann
citation:
  ama: 'Mehrmann A. <i>Der Einfluss steuerlicher Verlustverrechnung auf Investitionsentscheidungen
    bei Risiko unter Berücksichtigung präskriptiver und deskriptiver Verhaltenselemente</i>.
    Hamburg: Verlag Dr. Kovac; 2017.'
  apa: 'Mehrmann, A. (2017). <i>Der Einfluss steuerlicher Verlustverrechnung auf Investitionsentscheidungen
    bei Risiko unter Berücksichtigung präskriptiver und deskriptiver Verhaltenselemente</i>.
    Hamburg: Verlag Dr. Kovac.'
  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} }'
  chicago: 'Mehrmann, Annika. <i>Der Einfluss steuerlicher Verlustverrechnung auf
    Investitionsentscheidungen bei Risiko unter Berücksichtigung präskriptiver und
    deskriptiver Verhaltenselemente</i>. Hamburg: Verlag Dr. Kovac, 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.'
  mla: Mehrmann, Annika. <i>Der Einfluss steuerlicher Verlustverrechnung auf Investitionsentscheidungen
    bei Risiko unter Berücksichtigung präskriptiver und deskriptiver Verhaltenselemente</i>.
    Verlag Dr. Kovac, 2017.
  short: A. Mehrmann, Der Einfluss steuerlicher Verlustverrechnung auf Investitionsentscheidungen
    bei Risiko unter Berücksichtigung präskriptiver und deskriptiver Verhaltenselemente,
    Verlag Dr. Kovac, Hamburg, 2017.
date_created: 2018-10-30T12:38:33Z
date_updated: 2022-01-06T07:01:34Z
department:
- _id: '187'
language:
- iso: ger
place: Hamburg
publisher: Verlag Dr. Kovac
status: public
supervisor:
- first_name: Caren
  full_name: Sureth-Sloane, Caren
  id: '530'
  last_name: Sureth-Sloane
title: Der Einfluss steuerlicher Verlustverrechnung auf Investitionsentscheidungen
  bei Risiko unter Berücksichtigung präskriptiver und deskriptiver Verhaltenselemente
type: dissertation
user_id: '21222'
year: '2017'
...
---
_id: '5012'
author:
- first_name: Bastian
  full_name: Brinkmann, Bastian
  last_name: Brinkmann
citation:
  ama: 'Brinkmann B. <i>Die Bewertung der Steuerstrategie von Unternehmen</i>. Hamburg:
    Verlag Dr. Kovac; 2017.'
  apa: 'Brinkmann, B. (2017). <i>Die Bewertung der Steuerstrategie von Unternehmen</i>.
    Hamburg: Verlag Dr. Kovac.'
  bibtex: '@book{Brinkmann_2017, place={Hamburg}, title={Die Bewertung der Steuerstrategie
    von Unternehmen}, publisher={Verlag Dr. Kovac}, author={Brinkmann, Bastian}, year={2017}
    }'
  chicago: 'Brinkmann, Bastian. <i>Die Bewertung der Steuerstrategie von Unternehmen</i>.
    Hamburg: Verlag Dr. Kovac, 2017.'
  ieee: 'B. Brinkmann, <i>Die Bewertung der Steuerstrategie von Unternehmen</i>. Hamburg:
    Verlag Dr. Kovac, 2017.'
  mla: Brinkmann, Bastian. <i>Die Bewertung der Steuerstrategie von Unternehmen</i>.
    Verlag Dr. Kovac, 2017.
  short: B. Brinkmann, Die Bewertung der Steuerstrategie von Unternehmen, Verlag Dr.
    Kovac, Hamburg, 2017.
date_created: 2018-10-30T12:40:13Z
date_updated: 2022-01-06T07:01:34Z
department:
- _id: '187'
language:
- iso: ger
place: Hamburg
publisher: Verlag Dr. Kovac
status: public
supervisor:
- first_name: Caren
  full_name: Sureth-Sloane, Caren
  id: '530'
  last_name: Sureth-Sloane
title: Die Bewertung der Steuerstrategie von Unternehmen
type: dissertation
user_id: '21222'
year: '2017'
...
---
_id: '5013'
author:
- first_name: Tobias
  full_name: Bornemann, Tobias
  last_name: Bornemann
- first_name: Eva
  full_name: Eberhartinger, Eva
  last_name: Eberhartinger
citation:
  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.
  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} }'
  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.'
  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.
  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.
date_created: 2018-10-30T12:43:51Z
date_updated: 2022-01-06T07:01:34Z
department:
- _id: '187'
intvolume: '        27'
issue: '10'
language:
- iso: ger
page: 319-325
publication: RWZ- Zeitschrift für Recht und Rechnungswesen
status: public
title: Die Initiative der EU zum öffentlichen Country-by-Country Reporting
type: journal_article
user_id: '21222'
volume: 27
year: '2017'
...
---
_id: '5014'
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.
author:
- first_name: Thomas
  full_name: Bauer, Thomas
  last_name: Bauer
- first_name: Thomas
  full_name: Kourouxous, Thomas
  id: '66936'
  last_name: Kourouxous
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>
  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>
  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} }'
  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>.'
  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.
  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.
date_created: 2018-10-30T12:44:44Z
date_updated: 2022-01-06T07:01:34Z
department:
- _id: '187'
- _id: '635'
doi: 10.1080/09638180.2016.1169938
intvolume: '        26'
issue: '3'
language:
- iso: eng
page: 419-440
publication: European Accounting Review
publication_identifier:
  issn:
  - 0963-8180
  - 1468-4497
publication_status: published
publisher: Informa UK Limited
status: public
title: Capital Charge Rates, Investment Incentives and Taxation
type: journal_article
user_id: '61801'
volume: 26
year: '2017'
...
---
_id: '5174'
author:
- first_name: Sönke
  full_name: Sievers, Sönke
  id: '46447'
  last_name: Sievers
- first_name: Jens
  full_name: Kengelbach, Jens
  last_name: Kengelbach
- first_name: Georg
  full_name: Keienburg, Georg
  last_name: Keienburg
- first_name: Timo
  full_name: Schmid, Timo
  last_name: Schmid
- first_name: Ketil
  full_name: Gjersta, Ketil
  last_name: Gjersta
- first_name: Jesper
  full_name: Nielsen, Jesper
  last_name: Nielsen
- first_name: Decker
  full_name: Walker, Decker
  last_name: Walker
citation:
  ama: Sievers S, Kengelbach J, Keienburg G, 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.
  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}
    }'
  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.
  ieee: S. Sievers <i>et al.</i>, <i>The Technology Takeover</i>. The Boston Consulting
    Group, Inc., M&#38;A Report, 2017.
  mla: Sievers, Sönke, et al. <i>The Technology Takeover</i>. The Boston Consulting
    Group, Inc., M&#38;A Report, 2017.
  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.
date_created: 2018-10-31T10:19:03Z
date_updated: 2022-01-06T07:01:41Z
department:
- _id: '275'
language:
- iso: eng
main_file_link:
- url: https://en.wiwi.uni-paderborn.de/fileadmin/dep2ls9/Dateien_Sievers/2017_MA_Report_The_Technology_Takeover_BCG_Uni_Paderborn.pdf
publication_status: published
publisher: The Boston Consulting Group, Inc., M&A Report
status: public
title: The Technology Takeover
type: report
user_id: '46447'
year: '2017'
...
---
_id: '5185'
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. '
author:
- first_name: Niklas
  full_name: Hüther, Niklas
  last_name: Hüther
- first_name: David
  full_name: Robinson, David
  last_name: Robinson
- first_name: Sönke
  full_name: Sievers, Sönke
  last_name: Sievers
- first_name: Thomas
  full_name: Hartmann-Wendels, Thomas
  last_name: Hartmann-Wendels
citation:
  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>'
  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>'
  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.'
  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).
date_created: 2018-10-31T10:48:46Z
date_updated: 2022-01-06T07:01:41Z
department:
- _id: '275'
doi: 10.2139/ssrn.3087320
jel:
- G10
- G23
- G24
keyword:
- venture capital
- compensation
- private equity
- VC partnership
- pay-performance relation
language:
- iso: eng
publication: SSRN Electronic Journal
status: public
title: 'Paying for Performance in Private Equity: Evidence from VC Partnerships'
type: journal_article
user_id: '64756'
year: '2017'
...
---
_id: '5199'
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. '
author:
- first_name: Jan
  full_name: Klobucnik, Jan
  last_name: Klobucnik
- first_name: David
  full_name: Miersch, David
  last_name: Miersch
- first_name: Sönke
  full_name: Sievers, Sönke
  last_name: Sievers
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.'
  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>.'
  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}
    }'
  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.'
  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.'
  mla: 'Klobucnik, Jan, et al. “Predicting Early Warning Signals of Financial Distress:
    Theory and Empirical Evidence.” <i>SSRN Electronic Journal</i>, 2017.'
  short: J. Klobucnik, D. Miersch, S. Sievers, SSRN Electronic Journal (2017).
date_created: 2018-10-31T12:19:42Z
date_updated: 2022-01-06T07:01:43Z
department:
- _id: '275'
jel:
- C63
- C52
- C53
- G33
- M41
keyword:
- Financial distress prediction
- probability of default
- accounting information
- stochastic processes
- simulation
language:
- iso: eng
publication: SSRN Electronic Journal
publication_status: published
status: public
title: 'Predicting Early Warning Signals of Financial Distress: Theory and Empirical
  Evidence'
type: journal_article
user_id: '64756'
year: '2017'
...
---
_id: '1446'
author:
- first_name: Hannes
  full_name: Köster, Hannes
  last_name: Köster
- first_name: Matthias
  full_name: Pelster, Matthias
  id: '67265'
  last_name: Pelster
  orcid: ' https://orcid.org/0000-0001-5740-2420'
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>
  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>
  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} }'
  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>.'
  ieee: H. Köster and M. Pelster, “Financial penalties and bank performance,” <i>Journal
    of Banking &#38; Finance</i>, vol. 79, pp. 57–73, 2017.
  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>.
  short: H. Köster, M. Pelster, Journal of Banking &#38; Finance 79 (2017) 57–73.
date_created: 2018-03-20T11:30:31Z
date_updated: 2022-01-06T06:51:59Z
department:
- _id: '186'
- _id: '578'
doi: 10.1016/j.jbankfin.2017.02.009
intvolume: '        79'
page: 57-73
publication: Journal of Banking & Finance
publication_identifier:
  issn:
  - 0378-4266
publication_status: published
publisher: Elsevier BV
status: public
title: Financial penalties and bank performance
type: journal_article
user_id: '67265'
volume: 79
year: '2017'
...