@inproceedings{37109, abstract = {{This study examines the effect of audit on private firms’ cost of debt. We use a sample of 1,949 small private firms operating in the period 2006-2010 with optional financial statement audit. High quality data allows us to construct a more precise interest rate measure than existing studies employ. After controlling for obvious sources of demand for voluntary audits (ownership complexity, subsidiary status, bank relations), we find a robust central result that voluntary audits increase rather than decrease the cost of debt financing, contrary to several existing studies. This finding indicates that voluntary audits are generally treated as “adopting a label” and penalised by creditors, regardless of the perceived auditor quality as a result of the lemon problem in the audit market. Even Big-4 audits increase the cost of debt, likely as a result due to the lemon problem in the audit market, although the increase is smaller than for non-Big-4 audits. The results are sensitive to the estimation method used (OLS, Heckman’s two-step, PSM) and (sub-)sample selection. We show that disregarding the underlying assumptions of these estimation methods may lead to incorrect inferences. Additional analyses show that audited firms’ reported earnings are less informative about future operating performance than earnings of their unaudited counterparts. Our results also indicate that results are sensitive to cost of debt definition and this might have affected the results reported in the existing literature.}}, author = {{Kosi, Urska and Koren, Jerney and Valentincic, Aljosa}}, keywords = {{private firms, voluntary audit, cost of debt, self-selection bias, lemon problem}}, location = {{Paris, France}}, title = {{{Does Financial Statement Audit Reduce the Cost of Debt of Private Firms?}}}, year = {{2013}}, } @inproceedings{37115, author = {{Kosi, Urska and Florou, Annita and Pope, Peter F. }}, location = {{Valencia, Spain}}, title = {{{Does Mandatory IFRS Adoption Improve the Credit Relevance of Accounting Information?}}}, year = {{2013}}, } @article{3549, abstract = {{Private firms are likely to use the financial reporting process more for other objectives, such as tax savings, than for communicating performance. However, observing firms choosing accounting policies for tax-minimisation purposes is not straightforward due to (i) tax and non-tax costs of reporting lower income (ii) accounting policies that result in lower reported income and no tax savings but generate non-tax benefits (iii) preparers' multiple incentives and (iv) econometric issues. We observe a large sample of 20,505 private firms writing off assets in two separate regimes, one that generates tax savings and one that does not. Firms significantly decrease, but continue to use, write-offs after the adverse change in tax treatment of write-offs. The exogenous tax change should not affect other reporting incentives. This allows us to disentangle the tax-minimisation incentive from other (un-observable) incentives, including debt contracting, dividends and employee relations that contribute to the observed anomalous positive relationship between write-offs and profitability. We show that for private firms (i) obtaining tax savings is important overall (ii) non-tax costs and benefits are probably also important and (iii) earnings informativeness for future cash flows increases after the adverse tax legislation change.}}, author = {{Kosi, Urska and Valentincic, Aljosa}}, journal = {{European Accounting Review}}, number = {{1}}, pages = {{117--150}}, title = {{{Write-offs and profitability in private firms: Disentangling the impact of tax-minimisation incentives}}}, doi = {{10.1080/09638180.2012.661938}}, volume = {{22}}, year = {{2013}}, } @inproceedings{37110, author = {{Florou, Annita and Kosi, Urska}}, location = {{Berlin, Germany}}, title = {{{Does mandatory IFRS adoption facilitate debt financing? }}}, year = {{2013}}, } @article{5045, author = {{Niemann, Rainer and Sureth-Sloane, Caren}}, issn = {{0963-8180}}, journal = {{European Accounting Review}}, number = {{2}}, pages = {{367--390}}, publisher = {{Informa UK Limited}}, title = {{{Sooner or Later? – Paradoxical Investment Effects of Capital Gains Taxation under Simultaneous Investment and Abandonment Flexibility}}}, doi = {{10.1080/09638180.2012.682781}}, volume = {{22}}, year = {{2013}}, } @article{5048, author = {{Vollert, Pia and Eikel, Carolin and Sureth-Sloane, Caren}}, journal = {{Steuer und Wirtschaft}}, number = {{4}}, pages = {{367--379}}, title = {{{Advance Pricing Agreements (APAs) als Instrument zur Vermeidung von Verrechnungspreiskonflikten – eine kritische Betrachtung}}}, volume = {{90}}, year = {{2013}}, } @inproceedings{46697, author = {{Garnefeld, I. and Münkhoff, Eva and Raum, K.}}, booktitle = {{42nd EMAC Annual Conference, Istanbul}}, location = {{Istanbul}}, title = {{{Threat and normative appeals to reduce product returns in online retailing – An effective marketing practice?}}}, year = {{2013}}, } @inproceedings{46696, author = {{Münkhoff, Eva and Garnefeld, I. and Bruns, A.}}, booktitle = {{42nd EMAC Annual Conference, Istanbul}}, location = {{Istanbul}}, title = {{{How to prolong a sales promotion – Ex-post time extension versus reframing}}}, year = {{2013}}, } @book{46643, author = {{Münkhoff, Eva}}, isbn = {{9783658021214}}, publisher = {{Springer Gabler}}, title = {{{Umsatz- und Profitabilitätsauswirkungen industrieller Dienstleistungen}}}, doi = {{10.1007/978-3-658-02122-1}}, year = {{2013}}, } @inbook{4944, author = {{Schneider, Martin}}, booktitle = {{Macht und Employment Relations }}, editor = {{Heiko Hoßfeld, Renate Ortlieb}}, title = {{{"Gung Ho": Nationale Kultur und Schlanke Produktion in Ron Howards Spielfilm. }}}, year = {{2013}}, } @article{47907, author = {{Reimsbach, Daniel}}, issn = {{0044-2372}}, journal = {{Journal of Business Economics}}, keywords = {{Economics and Econometrics, Business and International Management}}, number = {{4}}, pages = {{479--515}}, publisher = {{Springer Science and Business Media LLC}}, title = {{{Pro forma earnings disclosure: the effects of non-GAAP earnings and earnings-before on investors’ information processing}}}, doi = {{10.1007/s11573-013-0688-y}}, volume = {{84}}, year = {{2013}}, } @article{47911, abstract = {{ABSTRACTThis study examines how the disclosure of negative sustainability‐related incidents affects the investment‐related judgments of decision‐makers. Participants in a sequential 2 × 2 between‐subjects experiment first received a company's financial information before viewing additional sustainability information (by the company and by a non‐governmental organization (NGO); with and without negative disclosure). Results indicate that self‐reporting of negative incidents does not affect decision‐makers’ stock price estimates and investment decisions compared with judgments based on financial information only. However, third‐party disclosure of these incidents by a NGO has a negative affect on these investment‐related judgments. Furthermore, the magnitude of the NGO reporting effect depends on whether the company itself simultaneously reports these incidents. Thus, disclosing negative incidents in sustainability reporting could lose some of its apparent stigma. Instead of avoiding negative reporting altogether, managers might use it as a risk mitigation tool in their reporting strategy. The results also emphasize the power of the often‐mentioned ‘watchdog’ function of NGOs acting as stakeholder advocates. Copyright © 2013 John Wiley & Sons, Ltd and ERP Environment}}, author = {{Reimsbach, Daniel and Hahn, Rüdiger}}, issn = {{0964-4733}}, journal = {{Business Strategy and the Environment}}, keywords = {{Management, Monitoring, Policy and Law, Strategy and Management, Geography, Planning and Development, Business and International Management}}, number = {{4}}, pages = {{217--235}}, publisher = {{Wiley}}, title = {{{The Effects of Negative Incidents in Sustainability Reporting on Investors’ Judgments–an Experimental Study of Third‐party Versus Self‐disclosure in the Realm of Sustainable Development}}}, doi = {{10.1002/bse.1816}}, volume = {{24}}, year = {{2013}}, } @inbook{50361, author = {{Koch, Christian}}, booktitle = {{Industrielles Controlling - Planung, Steuerung und Kontrolle von Beschaffung, Produktion und Logistik}}, editor = {{Betz, Stefan}}, isbn = {{978-3-8300-7413-7}}, pages = {{179--207}}, publisher = {{Dr. Kovac}}, title = {{{Einsatz der Risikoanalyse als Instrument des Investitionscontrollings}}}, year = {{2013}}, } @inbook{50369, author = {{Puls, Christoph}}, booktitle = {{Industrielles Controlling - Planung, Steuerung und Kontrolle von Beschaffung, Produktion und Logistik}}, editor = {{Betz, Stefan}}, isbn = {{978-3-8300-7413-7}}, pages = {{13--42}}, publisher = {{Dr. Kovac}}, title = {{{Kostenorientiertes Management von Logistikdienstleistern}}}, year = {{2013}}, } @inbook{50389, author = {{Opitz, Oliver}}, booktitle = {{Industrielles Controlling - Planung, Steuerung und Kontrolle von Beschaffung, Produktion und Logistik}}, editor = {{Betz, Stefan}}, isbn = {{978-3-8300-7413-7}}, pages = {{277--318}}, publisher = {{Dr. Kovac}}, title = {{{Integrierte, ökologieorientierte Produktlebenszyklusrechnung}}}, year = {{2013}}, } @inbook{50400, author = {{Faupel, Christian}}, booktitle = {{Industrielles Controlling - Planung, Steuerung und Kontrolle von Beschaffung, Produktion und Logistik}}, editor = {{Betz, Stefan}}, isbn = {{978-3-8300-7413-7}}, pages = {{277--318}}, publisher = {{Dr. Kovac}}, title = {{{Integrierte, ökologieorientierte Produktlebenszyklusrechnung}}}, year = {{2013}}, } @article{45734, author = {{Garnefeld, I. and Steinhoff, Lena}}, journal = {{Journal of Service Management}}, number = {{1}}, pages = {{64--81}}, title = {{{Primacy versus Recency Effects in Extended Service Encounters}}}, doi = {{http://dx.doi.org/10.1108/09564231311304198}}, volume = {{24}}, year = {{2013}}, } @inproceedings{45749, author = {{Steinhoff, Lena and Palmatier, R. W.}}, booktitle = {{Proceedings of the 42nd European Marketing Academy (EMAC) Conference, Istanbul}}, location = {{Istanbul}}, title = {{{The Effect of Loyalty Programs on Target and Bystander Customers: A Customer Portfolio Perspective on Loyalty Program Performance}}}, year = {{2013}}, } @techreport{45756, author = {{Steinhoff, Lena and Palmatier, R. W.}}, pages = {{13--105}}, title = {{{Understanding the Effectiveness of Loyalty Programs, Marketing Science Institute (MSI) Working Paper Series}}}, year = {{2013}}, } @article{2519, author = {{Haake, Claus-Jochen and Martini, Jan Thomas}}, issn = {{0926-2644}}, journal = {{Group Decision and Negotiation}}, number = {{4}}, pages = {{657--680}}, publisher = {{Springer Nature}}, title = {{{Negotiating Transfer Prices}}}, doi = {{10.1007/s10726-012-9286-6}}, volume = {{22}}, year = {{2012}}, } @article{2521, author = {{Haake, Claus-Jochen and Krieger, Tim and Minter, Steffen}}, issn = {{1612-4804}}, journal = {{International Economics and Economic Policy}}, number = {{4}}, pages = {{583--612}}, publisher = {{Springer Nature}}, title = {{{On the institutional design of burden sharing when financing external border enforcement in the EU}}}, doi = {{10.1007/s10368-012-0226-3}}, volume = {{10}}, year = {{2012}}, } @misc{2797, author = {{Meier, Christian and Kundisch, Dennis}}, booktitle = {{Banklexikon}}, publisher = {{Gabler}}, title = {{{Online Banking}}}, year = {{2012}}, } @techreport{2828, author = {{Kundisch, Dennis and John, Thomas}}, pages = {{9--11}}, title = {{{Geschäftsmodelle als Thema der Wirtschaftsinformatik - Statements zum Themenfeld "Stand der Forschung"}}}, year = {{2012}}, } @inbook{2608, author = {{Betz, Stefan}}, booktitle = {{Entscheidungsprobleme im Supply Chain Management - Quantitative Lösungsansätze für den Mittelstand}}, editor = {{Betz, Stefan}}, pages = {{49--72}}, title = {{{Entscheidungsorientierte Planung unscharfer Erfolge von KMU in Supply Chains}}}, year = {{2012}}, } @inbook{2609, author = {{Betz, Stefan}}, booktitle = {{Entscheidungsprobleme im Supply Chain Management - Quantitative Lösungsansätze für den Mittelstand}}, editor = {{Betz, Stefan}}, pages = {{105--132}}, title = {{{Analyse des Bullwhip-Effekts in einer Supply Chain von KMU}}}, year = {{2012}}, } @article{2640, author = {{Kundisch, Dennis}}, journal = {{International Journal of Electronic Finance}}, number = {{2}}, pages = {{103--120}}, title = {{{Trading Venue Decision of Private Online Investors}}}, volume = {{6}}, year = {{2012}}, } @article{2641, author = {{Zimmermann, Steffen and Katzmarzik, A. and Kundisch, Dennis}}, journal = {{The DATA BASE for Advances in Information Systems}}, number = {{1}}, pages = {{24--45}}, title = {{{IT Sourcing Portfolio Management for IT Services Providers - An Approach for using Modern Portfolio Theory to allocate Software Development Projects to available Sites}}}, volume = {{43}}, year = {{2012}}, } @article{2642, author = {{Kundisch, Dennis and Zorzi, R.}}, journal = {{Information Systems and e-Business Management}}, number = {{1}}, pages = {{85--99}}, title = {{{Enhancing the Quality of Financial Advice with Web 2.0 - An Approach Considering Social Capital in Private Asset Allocation}}}, volume = {{10}}, year = {{2012}}, } @article{2643, author = {{Kundisch, Dennis and John, Thomas}}, journal = {{WISU - Das Wirtschaftsstudium}}, pages = {{345--347}}, title = {{{Investitionsbewertung mit Realoptionen}}}, volume = {{3}}, year = {{2012}}, } @article{2655, author = {{Beutner, Marc and Zoyke, A. and Kundisch, Dennis and Herrmann, Philipp and Whittaker, Michael and Magenheim, Johannes and Reinhardt, W.}}, journal = {{Kölner Zeitschrift für Wirtschaft und Pädagogik (KWP)}}, number = {{53}}, pages = {{3--52}}, title = {{{PINGO - Umsetzung von E-Learning in der Hoschule in Adaption und Weiterentwicklung des Peer Instruction Ansatzes - Didaktische und organisatorische Reflexion Studierendenaktivierung in Lehrveranstaltungen}}}, volume = {{27}}, year = {{2012}}, } @book{2668, editor = {{Betz, Stefan}}, title = {{{Entscheidungsprobleme im Supply Chain Management - Quantitative Lösungsansätze für den Mittelstand}}}, year = {{2012}}, } @inproceedings{3449, author = {{Becker, Jörg and Bernhold, Torben and Beverungen, Daniel and Kaling, Nina and Knackstedt, Ralf and Vanesa, Lellek and Peter Rauer, Hans}}, booktitle = {{Dienstleistungsmodellierung 2012}}, location = {{Bamberg, Deutschland}}, pages = {{208----226}}, title = {{{Softwaregestützte Konstruktion von Produktivitätsmodellen im Facility Management}}}, doi = {{10.1007/978-3-658-00863-5_10}}, year = {{2012}}, } @inproceedings{3450, author = {{Becker, Jörg and Beverungen, Daniel and Breuker, Dominic and Peter Rauer, Hans}}, booktitle = {{Proceedings of the 16th Pacific Asian Conference on Information Systems (PACIS) 2012}}, location = {{Ho Chi Minh City, Vietnam}}, pages = {{Paper 56}}, title = {{{Resolving trade-offs in Service Performance Benchmarking using Data Envelopment Analysis}}}, year = {{2012}}, } @inproceedings{3451, author = {{Becker, Jörg and Beverungen, Daniel and Knackstedt, Ralf and Peter Rauer, Hans and Sigge, Daniel}}, booktitle = {{Proceedings of the 45th Hawaii International Conference on System Sciences (HICSS) 2012}}, location = {{Kauai, USA}}, pages = {{1522----1531}}, title = {{{Service Productivity Management --- Status Quo and Directions for the Design of Conceptual Modeling Grammars.}}}, doi = {{10.1109/HICSS.2012.525}}, year = {{2012}}, } @inproceedings{3452, author = {{Heide, Tobias and Tumbas, Sanja and Beverungen, Daniel and Knackstedt, Ralf and Becker, Jörg}}, booktitle = {{Services and Economic Development: Local and Global Challenges}}, isbn = {{978-606-505-565-0}}, location = {{Bucharest, Romania}}, pages = {{1----21}}, title = {{{Global versus Local Properties of Service Science: Insights from a Comparative International Study on Research Results}}}, year = {{2012}}, } @inproceedings{3453, author = {{Rosemann, Michael and Eggert, Mathias and Voigt, Matthias and Beverungen, Daniel}}, booktitle = {{Proceedings of the 20$^{th}$ European Conference on Information Systems}}, location = {{ Barcelona, Spain}}, pages = {{1----12}}, title = {{{Leveraging Social Network Data for Analytical CRM Strategies --- The Introduction of Social BI}}}, year = {{2012}}, } @article{3500, author = {{Becker, Jörg and Bernhold, Torben and Beverungen, Daniel and Kaling, Nina and Knackstedt, Ralf and Vanessa, Lellek and Peter Rauer, Hans}}, journal = {{Enterprise Modelling and Information Systems Architectures}}, number = {{1}}, pages = {{26----40}}, title = {{{Construction of Productivity Models: A Tool Supported Approach in the Area of Facility Management}}}, year = {{2012}}, } @article{3501, author = {{Beverungen, Daniel and Knackstedt, Ralf and Winkelmann, Axel}}, journal = {{e-Service Journal}}, number = {{1}}, pages = {{45----74}}, title = {{{Identifying e-Service Potential from Business Process Models --- A Theory Nexus Approach}}}, year = {{2012}}, } @article{2949, author = {{Gries, Thomas and Bilkic, Natascha and Pilichowski, Margarethe}}, journal = {{Labour Economics}}, number = {{5}}, pages = {{706 -- 717}}, title = {{{Stay in school or start working?- The human capital investment decision under uncertainty and irreversibility}}}, doi = {{10.1016/j.labeco.2012.04.005}}, volume = {{19}}, year = {{2012}}, } @inbook{2950, author = {{Gries, Thomas and Xue, Jinjun}}, booktitle = {{ Rising China in the Changing World Economy}}, editor = {{Wang, Liming}}, isbn = {{9781138816732}}, pages = {{396 -- 412}}, title = {{{Poverty in Shenzhen}}}, year = {{2012}}, } @article{2951, author = {{Gries, Thomas and Meierrieks, Daniel}}, journal = {{Defence and Peace Economics}}, number = {{5}}, pages = {{447 -- 470}}, title = {{{Economic performance and terrorist activity in Latin America}}}, doi = {{10.1080/10242694.2012.656945}}, volume = {{23}}, year = {{2012}}, } @article{2952, author = {{Gries, Thomas and Prior, Ulrich and Sureth, Caren}}, journal = {{Journal of Public Economics Theory}}, number = {{3}}, pages = {{521 -- 545}}, title = {{{A Tax Paradox for Investment Decisions under Uncertainty}}}, doi = {{10.1111/j.1467-9779.2012.01547.x}}, volume = {{14}}, year = {{2012}}, } @inproceedings{2757, author = {{Magenheim, J. and Reinhardt, W. and Kundisch, Dennis and Herrmann, Philipp and Whittaker, Michael and Beutner, Marc and Zoyke, A.}}, booktitle = {{Tagungsband zum E-Learning Symposium 2012}}, location = {{Potsdam}}, title = {{{Einsatz mobiler Endgeräte zur Verbesserung der Lehrqualität in Großveranstaltungen}}}, year = {{2012}}, } @inproceedings{2758, author = {{Kundisch, Dennis and Sievers, M. and Zoyke, A. and Herrmann, Philipp and Whittaker, Michael and Beutner, Marc and Fels, G. and Reinhardt, W. and Magenheim, J.}}, booktitle = {{Proceedings of the International Conference on Information Systems (ICIS)}}, location = {{Orlando, USA}}, title = {{{Designing a Web-Based Application to Support Peer Instruction for Very Large Groups}}}, year = {{2012}}, } @inproceedings{2759, author = {{Herrmann, Philipp and Kundisch, Dennis and Rahman, Mohammad}}, booktitle = {{Proceedings of the International Conference on Information Systems (ICIS)}}, location = {{Orlando, USA}}, title = {{{Does it Pay Off to Bid Aggressively? An Empirical Study}}}, year = {{2012}}, } @inproceedings{2760, author = {{Herrmann, Philipp and Kundisch, Dennis and Rahman, Mohammad}}, booktitle = {{13th Workshop on Information Systems and Economics (WISE)}}, location = {{Orlando, USA}}, title = {{{Does it Pay Off to Bid Aggressively? An Empirical Study}}}, year = {{2012}}, } @inproceedings{2761, author = {{Herrmann, Philipp and Kundisch, Dennis and Rahman, Mohammad}}, booktitle = {{INFORMS Annual Meeting}}, location = {{Phoenix, USA}}, title = {{{Does it Pay Off to Bid Aggressively? An Empirical Study}}}, year = {{2012}}, } @inproceedings{2762, author = {{John, Thomas and Kundisch, Dennis and Kammann, Jan and Sauerland, Torben}}, booktitle = {{Proceedings of the European Electric Vehicle Congress (EEVC)}}, location = {{Brussels, Belgium}}, title = {{{Research on electric mobility in Germany: A systematic review of publicly funded projects}}}, year = {{2012}}, } @inproceedings{2763, author = {{Peitz, C. and Feng, J. and Kundisch, Dennis}}, booktitle = {{Statistische Woche}}, location = {{Vienna, Austria}}, title = {{{Die Idee der doppelt bedingten Glattung der Volatilität von Hochfrequenten Finanzdaten in einem raumlichen Modell}}}, year = {{2012}}, } @inproceedings{2764, author = {{Sievers, M. and Reinhardt, W. and Kundisch, Dennis and Herrmann, Philipp}}, booktitle = {{Proceedings of the 11th World Conference on Mobile and Contextual Learning (mLearn)}}, location = {{Helsinki, Finland}}, title = {{{Developing electronic classroom respose apps for a wide variety of mobile devices - Lessons learned from the PINGO project}}}, year = {{2012}}, }