---
_id: '66348'
author:
- first_name: Mahdi
full_name: Rahali, Mahdi
id: '80161'
last_name: Rahali
- first_name: Bianca
full_name: Beyer, Bianca
last_name: Beyer
- first_name: Joachim
full_name: Gassen, Joachim
last_name: Gassen
- first_name: Sebastian
full_name: Geschonke, Sebastian
last_name: Geschonke
citation:
ama: 'Rahali M, Beyer B, Gassen J, Geschonke S. Neue Mikrodaten Zu Unternehmensinsolvenzen
in Deutschland: Die Insol Datenbank.'
apa: 'Rahali, M., Beyer, B., Gassen, J., & Geschonke, S. (n.d.). Neue Mikrodaten
zu Unternehmensinsolvenzen in Deutschland: Die insol Datenbank.'
bibtex: '@book{Rahali_Beyer_Gassen_Geschonke, title={Neue Mikrodaten zu Unternehmensinsolvenzen
in Deutschland: Die insol Datenbank}, author={Rahali, Mahdi and Beyer, Bianca
and Gassen, Joachim and Geschonke, Sebastian} }'
chicago: 'Rahali, Mahdi, Bianca Beyer, Joachim Gassen, and Sebastian Geschonke.
Neue Mikrodaten Zu Unternehmensinsolvenzen in Deutschland: Die Insol Datenbank,
n.d.'
ieee: 'M. Rahali, B. Beyer, J. Gassen, and S. Geschonke, Neue Mikrodaten zu Unternehmensinsolvenzen
in Deutschland: Die insol Datenbank. .'
mla: 'Rahali, Mahdi, et al. Neue Mikrodaten Zu Unternehmensinsolvenzen in Deutschland:
Die Insol Datenbank.'
short: 'M. Rahali, B. Beyer, J. Gassen, S. Geschonke, Neue Mikrodaten Zu Unternehmensinsolvenzen
in Deutschland: Die Insol Datenbank, n.d.'
date_created: 2026-07-08T07:40:14Z
date_updated: 2026-07-08T07:40:27Z
department:
- _id: '186'
- _id: '551'
- _id: '635'
language:
- iso: eng
publication_status: unpublished
status: public
title: 'Neue Mikrodaten zu Unternehmensinsolvenzen in Deutschland: Die insol Datenbank'
type: working_paper
user_id: '80161'
year: '2026'
...
---
_id: '66357'
author:
- first_name: Mahdi
full_name: Rahali, Mahdi
id: '80161'
last_name: Rahali
citation:
ama: Rahali M. COVID-19 Insolvency Moratoria, Firm Selection, and Allocative
Efficiency.
apa: Rahali, M. (n.d.). COVID-19 insolvency moratoria, firm selection, and allocative
efficiency.
bibtex: '@book{Rahali, title={COVID-19 insolvency moratoria, firm selection, and
allocative efficiency}, author={Rahali, Mahdi} }'
chicago: Rahali, Mahdi. COVID-19 Insolvency Moratoria, Firm Selection, and Allocative
Efficiency, n.d.
ieee: M. Rahali, COVID-19 insolvency moratoria, firm selection, and allocative
efficiency. .
mla: Rahali, Mahdi. COVID-19 Insolvency Moratoria, Firm Selection, and Allocative
Efficiency.
short: M. Rahali, COVID-19 Insolvency Moratoria, Firm Selection, and Allocative
Efficiency, n.d.
date_created: 2026-07-08T07:45:43Z
date_updated: 2026-07-08T07:45:46Z
department:
- _id: '186'
- _id: '551'
- _id: '635'
language:
- iso: eng
publication_status: unpublished
status: public
title: COVID-19 insolvency moratoria, firm selection, and allocative efficiency
type: working_paper
user_id: '80161'
year: '2026'
...
---
_id: '65862'
abstract:
- lang: eng
text: This study examines how private peers’ disclosure transparency affects public
firms’ information environment, captured through analyst forecast behavior. Focusing
on the most important private firms operating in U.S. industries, we investigate
whether private peer disclosure—despite differing substantially from public firm
disclosure—is incorporated into analysts’ forecasts. In a cross-sectional analysis,
we document lower forecast quality in industries where private peers’ disclosure
intensity is low. In contrast, when private peers’ disclosure intensity is high,
forecast quality does not differ from that in industries with only public peers.
We find consistent results for a subsample of U.S. private peers. Consistent with
this interpretation, a difference-in-differences analysis documents increased
analyst forecast activity around the disclosure dates of private peers. Together,
these findings indicate that analysts incorporate private peers’ information when
these peers are both economically important and sufficiently transparent, and
highlight that variation in private firms’ disclosure intensity generates heterogenous
externalities for public firms. Overall, our evidence supports a cost-benefit
trade-off in analysts’ information acquisition, and, by documenting the relevance
of private peers’ information for public firms, contributes to the debate on the
externalities of private firms’ disclosure transparency.
author:
- first_name: Bianca
full_name: Beyer, Bianca
last_name: Beyer
- first_name: Vanessa
full_name: Flagmeier, Vanessa
last_name: Flagmeier
- first_name: Urska
full_name: Kosi, Urska
id: '54068'
last_name: Kosi
orcid: 0009-0009-2545-5929
citation:
ama: Beyer B, Flagmeier V, Kosi U. Private Peers’ Disclosure Transparency and
Public Firms’ Information Environment. TRR 266 Accounting for Transparency;
2026. doi:10.2139/ssrn.4438123
apa: Beyer, B., Flagmeier, V., & Kosi, U. (2026). Private Peers’ Disclosure
Transparency and Public Firms’ Information Environment. TRR 266 Accounting
for Transparency. https://doi.org/10.2139/ssrn.4438123
bibtex: '@book{Beyer_Flagmeier_Kosi_2026, series={TRR 266 Accounting for Transparency
Working Paper Series No. 143}, title={Private Peers’ Disclosure Transparency and
Public Firms’ Information Environment}, DOI={10.2139/ssrn.4438123},
publisher={TRR 266 Accounting for Transparency}, author={Beyer, Bianca and Flagmeier,
Vanessa and Kosi, Urska}, year={2026}, collection={TRR 266 Accounting for Transparency
Working Paper Series No. 143} }'
chicago: Beyer, Bianca, Vanessa Flagmeier, and Urska Kosi. Private Peers’ Disclosure
Transparency and Public Firms’ Information Environment. TRR 266 Accounting
for Transparency Working Paper Series No. 143. TRR 266 Accounting for Transparency,
2026. https://doi.org/10.2139/ssrn.4438123.
ieee: B. Beyer, V. Flagmeier, and U. Kosi, Private Peers’ Disclosure Transparency
and Public Firms’ Information Environment. TRR 266 Accounting for Transparency,
2026.
mla: Beyer, Bianca, et al. Private Peers’ Disclosure Transparency and Public
Firms’ Information Environment. TRR 266 Accounting for Transparency, 2026,
doi:10.2139/ssrn.4438123.
short: B. Beyer, V. Flagmeier, U. Kosi, Private Peers’ Disclosure Transparency and
Public Firms’ Information Environment, TRR 266 Accounting for Transparency, 2026.
date_created: 2026-06-15T08:15:56Z
date_updated: 2026-08-25T09:58:22Z
department:
- _id: '186'
- _id: '551'
- _id: '635'
doi: 10.2139/ssrn.4438123
language:
- iso: eng
publication_identifier:
issn:
- 1556-5068
publication_status: published
publisher: TRR 266 Accounting for Transparency
series_title: TRR 266 Accounting for Transparency Working Paper Series No. 143
status: public
title: Private Peers’ Disclosure Transparency and Public Firms’ Information Environment
type: working_paper
user_id: '15866'
year: '2026'
...
---
_id: '66347'
author:
- first_name: Mahdi
full_name: Rahali, Mahdi
id: '80161'
last_name: Rahali
- first_name: Urska
full_name: Kosi, Urska
id: '54068'
last_name: Kosi
orcid: 0009-0009-2545-5929
- first_name: Joachim
full_name: Gassen, Joachim
last_name: Gassen
citation:
ama: Rahali M, Kosi U, Gassen J. The Spatial and Sectoral Incidence of Germany’s
COVID-19 Insolvency Gap.
apa: Rahali, M., Kosi, U., & Gassen, J. (n.d.). The spatial and sectoral
incidence of Germany’s COVID-19 insolvency gap.
bibtex: '@book{Rahali_Kosi_Gassen, title={The spatial and sectoral incidence of
Germany’s COVID-19 insolvency gap}, author={Rahali, Mahdi and Kosi, Urska and
Gassen, Joachim} }'
chicago: Rahali, Mahdi, Urska Kosi, and Joachim Gassen. The Spatial and Sectoral
Incidence of Germany’s COVID-19 Insolvency Gap, n.d.
ieee: M. Rahali, U. Kosi, and J. Gassen, The spatial and sectoral incidence of
Germany’s COVID-19 insolvency gap. .
mla: Rahali, Mahdi, et al. The Spatial and Sectoral Incidence of Germany’s COVID-19
Insolvency Gap.
short: M. Rahali, U. Kosi, J. Gassen, The Spatial and Sectoral Incidence of Germany’s
COVID-19 Insolvency Gap, n.d.
date_created: 2026-07-08T07:16:20Z
date_updated: 2026-08-25T09:48:49Z
department:
- _id: '186'
- _id: '551'
- _id: '635'
language:
- iso: eng
publication_status: unpublished
status: public
title: The spatial and sectoral incidence of Germany’s COVID-19 insolvency gap
type: working_paper
user_id: '15866'
year: '2026'
...
---
_id: '65896'
author:
- first_name: Dennis
full_name: Böing, Dennis
id: '99410'
last_name: Böing
- first_name: Urska
full_name: Kosi, Urska
id: '54068'
last_name: Kosi
orcid: 0009-0009-2545-5929
citation:
ama: Böing D, Kosi U. Dissemination of Information by Small Caps.
apa: Böing, D., & Kosi, U. (n.d.). Dissemination of information by small
caps.
bibtex: '@book{Böing_Kosi, title={Dissemination of information by small caps}, author={Böing,
Dennis and Kosi, Urska} }'
chicago: Böing, Dennis, and Urska Kosi. Dissemination of Information by Small
Caps, n.d.
ieee: D. Böing and U. Kosi, Dissemination of information by small caps. .
mla: Böing, Dennis, and Urska Kosi. Dissemination of Information by Small Caps.
short: D. Böing, U. Kosi, Dissemination of Information by Small Caps, n.d.
date_created: 2026-06-15T11:20:59Z
date_updated: 2026-08-25T09:50:10Z
department:
- _id: '186'
- _id: '551'
- _id: '635'
language:
- iso: eng
publication_status: unpublished
status: public
title: Dissemination of information by small caps
type: working_paper
user_id: '15866'
year: '2026'
...
---
_id: '65860'
abstract:
- lang: eng
text: We investigate the role of stakeholders in the CSR reporting of non-listed
savings banks in Germany. They are established by municipal trustees and serve
clients in their distinct operating area. Reporting discretion under the Non-Financial
Reporting Directive may lead to variation in CSR reporting due to differences
in sustainability interests of banks’ stakeholders and CSR governance (e.g. existence
of a CSR manager). We document that the CSR reports and specific CSR dimensions
are intensely associated with the existence of strong CSR governance and to a
lesser extent with the interests of municipal trustees and bank clients. However,
the associations with these stakeholders are predominantly present in banks with
strong CSR governance. Our findings inform policy discussions about detailed CSR
disclosure requirements (e.g. the European Sustainability Reporting Standards)
and extension of reporting scope to firms with regional orientation and absence
of typical shareholders.
author:
- first_name: Maryna
full_name: Gulenko, Maryna
last_name: Gulenko
- first_name: Saskia
full_name: Kohlhase, Saskia
last_name: Kohlhase
- first_name: Urska
full_name: Kosi, Urska
id: '54068'
last_name: Kosi
orcid: 0009-0009-2545-5929
citation:
ama: Gulenko M, Kohlhase S, Kosi U. The Role of Stakeholders in CSR Reporting of
Non-Listed Banks. Accounting in Europe. Published online 2026:1-35. doi:10.1080/17449480.2026.2631702
apa: Gulenko, M., Kohlhase, S., & Kosi, U. (2026). The Role of Stakeholders
in CSR Reporting of Non-Listed Banks. Accounting in Europe, 1–35. https://doi.org/10.1080/17449480.2026.2631702
bibtex: '@article{Gulenko_Kohlhase_Kosi_2026, title={The Role of Stakeholders in
CSR Reporting of Non-Listed Banks}, DOI={10.1080/17449480.2026.2631702},
journal={Accounting in Europe}, publisher={Informa UK Limited}, author={Gulenko,
Maryna and Kohlhase, Saskia and Kosi, Urska}, year={2026}, pages={1–35} }'
chicago: Gulenko, Maryna, Saskia Kohlhase, and Urska Kosi. “The Role of Stakeholders
in CSR Reporting of Non-Listed Banks.” Accounting in Europe, 2026, 1–35.
https://doi.org/10.1080/17449480.2026.2631702.
ieee: 'M. Gulenko, S. Kohlhase, and U. Kosi, “The Role of Stakeholders in CSR Reporting
of Non-Listed Banks,” Accounting in Europe, pp. 1–35, 2026, doi: 10.1080/17449480.2026.2631702.'
mla: Gulenko, Maryna, et al. “The Role of Stakeholders in CSR Reporting of Non-Listed
Banks.” Accounting in Europe, Informa UK Limited, 2026, pp. 1–35, doi:10.1080/17449480.2026.2631702.
short: M. Gulenko, S. Kohlhase, U. Kosi, Accounting in Europe (2026) 1–35.
date_created: 2026-06-15T08:08:05Z
date_updated: 2026-08-25T10:15:25Z
department:
- _id: '186'
- _id: '551'
- _id: '635'
doi: 10.1080/17449480.2026.2631702
language:
- iso: eng
main_file_link:
- open_access: '1'
url: https://doi.org/10.1080/17449480.2026.2631702
oa: '1'
page: 1-35
publication: Accounting in Europe
publication_identifier:
issn:
- 1744-9480
- 1744-9499
publication_status: published
publisher: Informa UK Limited
status: public
title: The Role of Stakeholders in CSR Reporting of Non-Listed Banks
type: journal_article
user_id: '15866'
year: '2026'
...
---
_id: '65894'
abstract:
- lang: eng
text: We examine the relation between voluntary audit and the cost of debt in private
firms. We use a sample of 7420 small private firms operating in the period 2006-2022
that are not subject to mandatory audits. Firms self-select into voluntary audits
because of the economic setting (e.g., ownership complexity, export, subsidiary
status) or because firm fundamentals limit their access to financial debt. In
the outcome analyses, we find that voluntary audits result in higher, rather than
lower, interest rates with increases ranging from approximately 1.7 percentage
points, but going higher depending on the exact specification. This effect is
present regardless of the perceived audit quality (Big-4 vs. non-Big-4), consistent
across auditor types. Audited firms’ earnings are less informative about future
operating performance. Voluntary audits facilitate access to financial debt for
high-risk firms. The price paid is reflected in higher interest rates for voluntary
audits – firms with higher information/fundamental risk.
article_number: '105474'
author:
- first_name: Riste
full_name: Ichev, Riste
last_name: Ichev
- first_name: Jernej
full_name: Koren, Jernej
last_name: Koren
- first_name: Urska
full_name: Kosi, Urska
id: '54068'
last_name: Kosi
orcid: 0009-0009-2545-5929
- first_name: Katarina
full_name: Sitar Sustar, Katarina
last_name: Sitar Sustar
- first_name: Aljosa
full_name: Valentincic, Aljosa
last_name: Valentincic
citation:
ama: 'Ichev R, Koren J, Kosi U, Sitar Sustar K, Valentincic A. Cost of debt for
private firms revisited: voluntary audits as a reflection of risk. International
Review of Economics & Finance. 2026;109. doi:10.1016/j.iref.2026.105474'
apa: 'Ichev, R., Koren, J., Kosi, U., Sitar Sustar, K., & Valentincic, A. (2026).
Cost of debt for private firms revisited: voluntary audits as a reflection of
risk. International Review of Economics & Finance, 109, Article
105474. https://doi.org/10.1016/j.iref.2026.105474'
bibtex: '@article{Ichev_Koren_Kosi_Sitar Sustar_Valentincic_2026, title={Cost of
debt for private firms revisited: voluntary audits as a reflection of risk}, volume={109},
DOI={10.1016/j.iref.2026.105474},
number={105474}, journal={International Review of Economics & Finance}, publisher={Elsevier
}, author={Ichev, Riste and Koren, Jernej and Kosi, Urska and Sitar Sustar, Katarina
and Valentincic, Aljosa}, year={2026} }'
chicago: 'Ichev, Riste, Jernej Koren, Urska Kosi, Katarina Sitar Sustar, and Aljosa
Valentincic. “Cost of Debt for Private Firms Revisited: Voluntary Audits as a
Reflection of Risk.” International Review of Economics & Finance 109
(2026). https://doi.org/10.1016/j.iref.2026.105474.'
ieee: 'R. Ichev, J. Koren, U. Kosi, K. Sitar Sustar, and A. Valentincic, “Cost of
debt for private firms revisited: voluntary audits as a reflection of risk,” International
Review of Economics & Finance, vol. 109, Art. no. 105474, 2026, doi: 10.1016/j.iref.2026.105474.'
mla: 'Ichev, Riste, et al. “Cost of Debt for Private Firms Revisited: Voluntary
Audits as a Reflection of Risk.” International Review of Economics & Finance,
vol. 109, 105474, Elsevier , 2026, doi:10.1016/j.iref.2026.105474.'
short: R. Ichev, J. Koren, U. Kosi, K. Sitar Sustar, A. Valentincic, International
Review of Economics & Finance 109 (2026).
date_created: 2026-06-15T10:26:04Z
date_updated: 2026-08-25T10:18:05Z
department:
- _id: '186'
- _id: '551'
- _id: '635'
doi: 10.1016/j.iref.2026.105474
intvolume: ' 109'
language:
- iso: eng
main_file_link:
- open_access: '1'
url: https://doi.org/10.1016/j.iref.2026.105474
oa: '1'
publication: International Review of Economics & Finance
publication_identifier:
issn:
- 1059-0560
publication_status: published
publisher: 'Elsevier '
status: public
title: 'Cost of debt for private firms revisited: voluntary audits as a reflection
of risk'
type: journal_article
user_id: '15866'
volume: 109
year: '2026'
...
---
_id: '65863'
abstract:
- lang: eng
text: We investigate the impact of Brexit on the corporate bond market by analyzing
a comprehensive database covering corporate bond listings on European and UK trading
venues. We find a significant shift in bond market activity, evidenced by a 49%
increase in the number of bond listings in the EEA30 countries relative to the
UK market after Brexit. Country-level analyses reveal a staggered effect on market
activity, with predominantly international issuers adjusting their bond listings
between the initially scheduled Brexit date and the final withdrawal date. At
the issuer level, our findings indicate that the relative attractiveness of the
EEA30 market has increased post-Brexit. Overall, these results suggest that the
European capital market has successfully adapted to the loss of its largest financial
center and exhibits a rising corporate bond market activity.
author:
- first_name: Benedikt
full_name: Franke, Benedikt
last_name: Franke
- first_name: Urska
full_name: Kosi, Urska
id: '54068'
last_name: Kosi
orcid: 0009-0009-2545-5929
- first_name: Pia
full_name: Stoczek, Pia
last_name: Stoczek
citation:
ama: Franke B, Kosi U, Stoczek P. Brexit and European Corporate Bond Markets.
TRR 266 Accounting for Transparency ; 2025. doi:10.2139/ssrn.5230141
apa: Franke, B., Kosi, U., & Stoczek, P. (2025). Brexit and European Corporate
Bond Markets. TRR 266 Accounting for Transparency . https://doi.org/10.2139/ssrn.5230141
bibtex: '@book{Franke_Kosi_Stoczek_2025, series={TRR 266 Accounting for Transparency
Working Paper Series No. 190}, title={Brexit and European Corporate Bond Markets},
DOI={10.2139/ssrn.5230141},
publisher={TRR 266 Accounting for Transparency }, author={Franke, Benedikt and
Kosi, Urska and Stoczek, Pia}, year={2025}, collection={TRR 266 Accounting for
Transparency Working Paper Series No. 190} }'
chicago: Franke, Benedikt, Urska Kosi, and Pia Stoczek. Brexit and European Corporate
Bond Markets. TRR 266 Accounting for Transparency Working Paper Series No.
190. TRR 266 Accounting for Transparency , 2025. https://doi.org/10.2139/ssrn.5230141.
ieee: B. Franke, U. Kosi, and P. Stoczek, Brexit and European Corporate Bond
Markets. TRR 266 Accounting for Transparency , 2025.
mla: Franke, Benedikt, et al. Brexit and European Corporate Bond Markets.
TRR 266 Accounting for Transparency , 2025, doi:10.2139/ssrn.5230141.
short: B. Franke, U. Kosi, P. Stoczek, Brexit and European Corporate Bond Markets,
TRR 266 Accounting for Transparency , 2025.
date_created: 2026-06-15T08:29:09Z
date_updated: 2026-08-25T09:51:35Z
department:
- _id: '186'
- _id: '551'
- _id: '635'
doi: 10.2139/ssrn.5230141
language:
- iso: eng
main_file_link:
- open_access: '1'
url: https://dx.doi.org/10.2139/ssrn.5230141
oa: '1'
publication_status: published
publisher: 'TRR 266 Accounting for Transparency '
series_title: TRR 266 Accounting for Transparency Working Paper Series No. 190
status: public
title: Brexit and European Corporate Bond Markets
type: working_paper
user_id: '15866'
year: '2025'
...
---
_id: '65861'
abstract:
- lang: eng
text: The study examines whether the announcement and passing of the Corporate Sustainability
Reporting Directive (CSRD) impacts the sustainability reporting of German firms.
It sheds light on the interdependence of various actors, sectors and policy levels
by examining how regulatory changes at the policy level affect the reporting practices
of firms across multiple sectors. On the one hand, the scope of the CSRD is being
extended, so that new firms falling within its scope may increase their voluntary
sustainability reporting as part of the preparation process. On the other hand,
the reporting requirements will be more stringent, so that firms currently under
the mandate of the Non-Financial Reporting Directive (NFRD) may enhance their
sustainability reporting disclosure practices in preparation for the CSRD. First,
we find no increase in voluntary sustainability reporting by firms that are not
under the scope of the NFRD but will be under the scope of the CSRD. Second, we
find enhanced sustainability reporting practices by firms that are subject to
the NFRD after the CSRD’s announcement and passing. This finding suggests that
these firms begin to implement the new reporting requirements before the first
reports are published in 2025. We illuminate the preparation for extensive reporting
changes through sustainability reporting disclosure practices as an outcome of
the preparation process. These changes may represent a high burden, particularly
for firms with no previous experience of sustainability reporting.
article_number: '5'
author:
- first_name: Urska
full_name: Kosi, Urska
id: '54068'
last_name: Kosi
orcid: 0009-0009-2545-5929
- first_name: Paula
full_name: Relard, Paula
last_name: Relard
citation:
ama: Kosi U, Relard P. Are firms (getting) ready for the corporate sustainability
reporting directive? Sustainability Nexus Forum. 2024;32(1). doi:10.1007/s00550-024-00541-1
apa: Kosi, U., & Relard, P. (2024). Are firms (getting) ready for the corporate
sustainability reporting directive? Sustainability Nexus Forum, 32(1),
Article 5. https://doi.org/10.1007/s00550-024-00541-1
bibtex: '@article{Kosi_Relard_2024, title={Are firms (getting) ready for the corporate
sustainability reporting directive?}, volume={32}, DOI={10.1007/s00550-024-00541-1},
number={15}, journal={Sustainability Nexus Forum}, publisher={Springer Science
and Business Media LLC}, author={Kosi, Urska and Relard, Paula}, year={2024} }'
chicago: Kosi, Urska, and Paula Relard. “Are Firms (Getting) Ready for the Corporate
Sustainability Reporting Directive?” Sustainability Nexus Forum 32, no.
1 (2024). https://doi.org/10.1007/s00550-024-00541-1.
ieee: 'U. Kosi and P. Relard, “Are firms (getting) ready for the corporate sustainability
reporting directive?,” Sustainability Nexus Forum, vol. 32, no. 1, Art.
no. 5, 2024, doi: 10.1007/s00550-024-00541-1.'
mla: Kosi, Urska, and Paula Relard. “Are Firms (Getting) Ready for the Corporate
Sustainability Reporting Directive?” Sustainability Nexus Forum, vol. 32,
no. 1, 5, Springer Science and Business Media LLC, 2024, doi:10.1007/s00550-024-00541-1.
short: U. Kosi, P. Relard, Sustainability Nexus Forum 32 (2024).
date_created: 2026-06-15T08:12:38Z
date_updated: 2026-08-25T10:19:16Z
department:
- _id: '186'
- _id: '551'
- _id: '635'
doi: 10.1007/s00550-024-00541-1
intvolume: ' 32'
issue: '1'
language:
- iso: eng
main_file_link:
- open_access: '1'
url: https://doi.org/10.1007/s00550-024-00541-1
oa: '1'
publication: Sustainability Nexus Forum
publication_identifier:
issn:
- 2948-1627
publication_status: published
publisher: Springer Science and Business Media LLC
status: public
title: Are firms (getting) ready for the corporate sustainability reporting directive?
type: journal_article
user_id: '15866'
volume: 32
year: '2024'
...
---
_id: '37131'
abstract:
- lang: eng
text: 'This paper introduces a novel database on the European corporate bond market
to analyze the role of transparency regulation and recent developments in bond
markets. We use data from the European Securities and Markets Authority (ESMA)
to build a comprehensive database covering daily corporate bond listing information
in Europe starting in 2018. We then analyze the different market segments of the
European bond market along four key areas: (i) time and cross-sectional trends
in bond listings; (ii) composition of firms on the market; (iii) firms’ financial
reporting transparency; (iv) bond contract terms. Furthermore, we discuss the
impact of recent economic events on these key areas.'
author:
- first_name: Benedikt
full_name: Franke, Benedikt
last_name: Franke
- first_name: Urska
full_name: Kosi, Urska
id: '54068'
last_name: Kosi
- first_name: Pia
full_name: Stoczek, Pia
last_name: Stoczek
citation:
ama: Franke B, Kosi U, Stoczek P. Current Developments in the European Corporate
Bond Market.; 2022.
apa: Franke, B., Kosi, U., & Stoczek, P. (2022). Current developments in
the European corporate bond market.
bibtex: '@book{Franke_Kosi_Stoczek_2022, title={Current developments in the European
corporate bond market}, author={Franke, Benedikt and Kosi, Urska and Stoczek,
Pia}, year={2022} }'
chicago: Franke, Benedikt, Urska Kosi, and Pia Stoczek. Current Developments
in the European Corporate Bond Market, 2022.
ieee: B. Franke, U. Kosi, and P. Stoczek, Current developments in the European
corporate bond market. 2022.
mla: Franke, Benedikt, et al. Current Developments in the European Corporate
Bond Market. 2022.
short: B. Franke, U. Kosi, P. Stoczek, Current Developments in the European Corporate
Bond Market, 2022.
date_created: 2023-01-17T14:27:46Z
date_updated: 2024-05-21T11:10:24Z
ddc:
- '330'
department:
- _id: '635'
- _id: '186'
- _id: '551'
file:
- access_level: closed
content_type: application/pdf
creator: ast
date_created: 2024-05-21T10:45:24Z
date_updated: 2024-05-21T10:45:24Z
file_id: '54377'
file_name: Franke_Kosi_Stoczek.pdf
file_size: 1426835
relation: main_file
success: 1
file_date_updated: 2024-05-21T10:45:24Z
has_accepted_license: '1'
keyword:
- Transparency regulation
- Corporate bond
- European market
language:
- iso: eng
status: public
title: Current developments in the European corporate bond market
type: working_paper
user_id: '15866'
year: '2022'
...
---
_id: '37088'
abstract:
- lang: eng
text: We examine variation in mandatory CSR reporting practices based on a large
sample of non-publicly listed savings banks in Germany. They do not have typical
shareholders but rather are established by municipal trustees and can serve clients
only in their distinct operating area. This setting permits us to identify demand
for CSR information by their main stakeholder groups – municipal trustees and
private and corporate clients. In this way, our analysis focuses on the double-materiality
approach to CSR reporting. We find that demand for CSR information by supervisory
board chairperson belonging to a left-wing or green party and the presence of
more supervisory board members belonging to a left-wing or green party are associated
with longer CSR reports and more disclosure on environmental, social, employee
and human rights matters. In addition, competition for private clients and the
sustainability orientation of corporate clients are associated with longer reports
and more disclosure on environmental, employee and human rights matters. These
findings suggest that savings banks’ CSR reports cater to their principal stakeholders’
demand for CSR information.
author:
- first_name: Maryna
full_name: Gulenko, Maryna
id: '64226'
last_name: Gulenko
- first_name: Saskia
full_name: Kohlhase, Saskia
last_name: Kohlhase
- first_name: Urska
full_name: Kosi, Urska
id: '54068'
last_name: Kosi
orcid: 0009-0009-2545-5929
citation:
ama: 'Gulenko M, Kohlhase S, Kosi U. CSR Reporting under the Non-Financial Reporting
Directive: Evidence from Non-Publicly Listed Firms.; 2022. doi:10.2139/ssrn.4040946'
apa: 'Gulenko, M., Kohlhase, S., & Kosi, U. (2022). CSR Reporting under the
Non-Financial Reporting Directive: Evidence from Non-publicly Listed Firms.
https://doi.org/10.2139/ssrn.4040946'
bibtex: '@book{Gulenko_Kohlhase_Kosi_2022, title={CSR Reporting under the Non-Financial
Reporting Directive: Evidence from Non-publicly Listed Firms}, DOI={10.2139/ssrn.4040946},
author={Gulenko, Maryna and Kohlhase, Saskia and Kosi, Urska}, year={2022} }'
chicago: 'Gulenko, Maryna, Saskia Kohlhase, and Urska Kosi. CSR Reporting under
the Non-Financial Reporting Directive: Evidence from Non-Publicly Listed Firms,
2022. https://doi.org/10.2139/ssrn.4040946.'
ieee: 'M. Gulenko, S. Kohlhase, and U. Kosi, CSR Reporting under the Non-Financial
Reporting Directive: Evidence from Non-publicly Listed Firms. 2022.'
mla: 'Gulenko, Maryna, et al. CSR Reporting under the Non-Financial Reporting
Directive: Evidence from Non-Publicly Listed Firms. 2022, doi:10.2139/ssrn.4040946.'
short: 'M. Gulenko, S. Kohlhase, U. Kosi, CSR Reporting under the Non-Financial
Reporting Directive: Evidence from Non-Publicly Listed Firms, 2022.'
date_created: 2023-01-17T12:40:09Z
date_updated: 2026-06-15T09:42:09Z
department:
- _id: '635'
- _id: '186'
- _id: '551'
doi: 10.2139/ssrn.4040946
keyword:
- Corporate social responsibility
- Mandatory reporting
- Non-publicly listed banks
- Double materiality
- Stakeholder groups
- Political influence
language:
- iso: eng
main_file_link:
- url: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4040946
status: public
title: 'CSR Reporting under the Non-Financial Reporting Directive: Evidence from Non-publicly
Listed Firms'
type: working_paper
user_id: '54068'
year: '2022'
...
---
_id: '37089'
abstract:
- lang: eng
text: This research note links the legal framework of the insolvency process of
German firms to the information available in the newly-constructed insol database.
In particular, the database contains information from documents published by German
insolvency courts in period 2005- 2022. This research note first presents the
insolvency process with steps and events of the process as determined by the Insolvency
Law (InsO). Next, it classifies the documents to specific steps and events, and
then presents their information content using textual analysis. Specifically,
we identify target phrases via manual document checks and then create regular
expressions for the target phrases. Classification of documents allows us to sketch
most common paths that insolvent firms go through.
author:
- first_name: Theresa
full_name: Ahlers, Theresa
last_name: Ahlers
- first_name: Fikir Worku
full_name: Edossa, Fikir Worku
last_name: Edossa
- first_name: Urska
full_name: Kosi, Urska
id: '54068'
last_name: Kosi
orcid: 0009-0009-2545-5929
- first_name: Mathias
full_name: Uckert, Mathias
last_name: Uckert
citation:
ama: 'Ahlers T, Edossa FW, Kosi U, Uckert M. Insolvency Process in Germany and
the Insol Database: A Research Note. TRR 266 Accounting for Transparency;
2022.'
apa: 'Ahlers, T., Edossa, F. W., Kosi, U., & Uckert, M. (2022). Insolvency
Process in Germany and the insol database: A Research Note. TRR 266 Accounting
for Transparency.'
bibtex: '@book{Ahlers_Edossa_Kosi_Uckert_2022, title={Insolvency Process in Germany
and the insol database: A Research Note}, publisher={TRR 266 Accounting for Transparency},
author={Ahlers, Theresa and Edossa, Fikir Worku and Kosi, Urska and Uckert, Mathias},
year={2022} }'
chicago: 'Ahlers, Theresa, Fikir Worku Edossa, Urska Kosi, and Mathias Uckert. Insolvency
Process in Germany and the Insol Database: A Research Note. TRR 266 Accounting
for Transparency, 2022.'
ieee: 'T. Ahlers, F. W. Edossa, U. Kosi, and M. Uckert, Insolvency Process in
Germany and the insol database: A Research Note. TRR 266 Accounting for Transparency,
2022.'
mla: 'Ahlers, Theresa, et al. Insolvency Process in Germany and the Insol Database:
A Research Note. TRR 266 Accounting for Transparency, 2022.'
short: 'T. Ahlers, F.W. Edossa, U. Kosi, M. Uckert, Insolvency Process in Germany
and the Insol Database: A Research Note, TRR 266 Accounting for Transparency,
2022.'
date_created: 2023-01-17T12:50:09Z
date_updated: 2026-06-29T09:42:41Z
ddc:
- '330'
department:
- _id: '635'
- _id: '186'
- _id: '551'
file:
- access_level: closed
content_type: application/pdf
creator: ast
date_created: 2024-05-21T11:06:28Z
date_updated: 2024-05-21T11:06:28Z
file_id: '54378'
file_name: ahlers_etal.pdf
file_size: 760825
relation: main_file
success: 1
file_date_updated: 2024-05-21T11:06:28Z
has_accepted_license: '1'
keyword:
- insol database
- insolvency process
- Germany
- court fillings
language:
- iso: eng
main_file_link:
- open_access: '1'
url: https://wiwi.uni-paderborn.de/fileadmin-wiwi/dep2ls4/ahlers_etal.pdf
oa: '1'
publication_status: published
publisher: TRR 266 Accounting for Transparency
status: public
title: 'Insolvency Process in Germany and the insol database: A Research Note'
type: working_paper
user_id: '95496'
year: '2022'
...
---
_id: '37070'
author:
- first_name: Bianca
full_name: Beyer, Bianca
last_name: Beyer
- first_name: Vanessa
full_name: Flagmeier, Vanessa
id: '8084'
last_name: Flagmeier
- first_name: Urska
full_name: Kosi, Urska
id: '54068'
last_name: Kosi
orcid: 0009-0009-2545-5929
citation:
ama: Beyer B, Flagmeier V, Kosi U. Does Private Firms’ Disclosure Affect Public
Peers’ Information Environment? TRR 266 Accounting for Transparency; 2022.
apa: Beyer, B., Flagmeier, V., & Kosi, U. (2022). Does private firms’ disclosure
affect public peers’ information environment? TRR 266 Accounting for Transparency.
bibtex: '@book{Beyer_Flagmeier_Kosi_2022, title={Does private firms’ disclosure
affect public peers’ information environment?}, publisher={TRR 266 Accounting
for Transparency}, author={Beyer, Bianca and Flagmeier, Vanessa and Kosi, Urska},
year={2022} }'
chicago: Beyer, Bianca, Vanessa Flagmeier, and Urska Kosi. Does Private Firms’
Disclosure Affect Public Peers’ Information Environment? TRR 266 Accounting
for Transparency, 2022.
ieee: B. Beyer, V. Flagmeier, and U. Kosi, Does private firms’ disclosure affect
public peers’ information environment? TRR 266 Accounting for Transparency,
2022.
mla: Beyer, Bianca, et al. Does Private Firms’ Disclosure Affect Public Peers’
Information Environment? TRR 266 Accounting for Transparency, 2022.
short: B. Beyer, V. Flagmeier, U. Kosi, Does Private Firms’ Disclosure Affect Public
Peers’ Information Environment?, TRR 266 Accounting for Transparency, 2022.
date_created: 2023-01-17T12:24:02Z
date_updated: 2026-06-29T09:51:50Z
department:
- _id: '635'
- _id: '186'
- _id: '551'
language:
- iso: eng
publisher: TRR 266 Accounting for Transparency
status: public
title: Does private firms’ disclosure affect public peers’ information environment?
type: working_paper
user_id: '95496'
year: '2022'
...
---
_id: '65864'
author:
- first_name: Joachim
full_name: Gassen, Joachim
last_name: Gassen
- first_name: Urska
full_name: Kosi, Urska
id: '54068'
last_name: Kosi
orcid: 0009-0009-2545-5929
citation:
ama: 'Gassen J, Kosi U. Bankruptcies: A victim of the corona crisis? TRR 266 Accounting
for Transparency. Bankruptcies: A victim of the corona crisis?. 2021.'
apa: 'Gassen, J., & Kosi, U. (2021). Bankruptcies: A victim of the corona crisis?
TRR 266 Accounting for Transparency. Bankruptcies: A Victim of the Corona Crisis?'
bibtex: '@article{Gassen_Kosi_2021, title={Bankruptcies: A victim of the corona
crisis? TRR 266 Accounting for Transparency.}, journal={Bankruptcies: A victim
of the corona crisis?}, author={Gassen, Joachim and Kosi, Urska}, year={2021}
}'
chicago: 'Gassen, Joachim, and Urska Kosi. “Bankruptcies: A Victim of the Corona
Crisis? TRR 266 Accounting for Transparency.” Bankruptcies: A Victim of the
Corona Crisis?, 2021.'
ieee: 'J. Gassen and U. Kosi, “Bankruptcies: A victim of the corona crisis? TRR
266 Accounting for Transparency.,” Bankruptcies: A victim of the corona crisis?,
2021.'
mla: 'Gassen, Joachim, and Urska Kosi. “Bankruptcies: A Victim of the Corona Crisis?
TRR 266 Accounting for Transparency.” Bankruptcies: A Victim of the Corona
Crisis?, 2021.'
short: 'J. Gassen, U. Kosi, Bankruptcies: A Victim of the Corona Crisis? (2021).'
date_created: 2026-06-15T08:41:10Z
date_updated: 2026-08-25T09:52:56Z
department:
- _id: '186'
- _id: '551'
- _id: '635'
language:
- iso: eng
main_file_link:
- open_access: '1'
url: https://www.accounting-for-transparency.de/bankruptcies-a-victim-of-the-corona-crisis/
oa: '1'
publication: 'Bankruptcies: A victim of the corona crisis?'
publication_date: '2021'
publication_status: published
status: public
title: 'Bankruptcies: A victim of the corona crisis? TRR 266 Accounting for Transparency.'
type: newspaper_article
user_id: '15866'
year: '2021'
...
---
_id: '5101'
abstract:
- lang: eng
text: Prior literature finds that International Financial Reporting Standards (IFRS)
adopters enjoy lower financing costs subsequent to IFRS adoption. We predict and
find that mandatory IFRS adopters exploit lower financing costs to increase market
share vis-à-vis non-adopters. This effect is robust across several different model
specifications in a sample capturing the universe of public and private firms
in the EU, in a matched sample of public and private firms, and in a public firm
sample comparing mandatory and voluntary IFRS adopters. We further find that IFRS
is associated with an increase (decrease) in industry sales concentration (competition),
consistent with large public firms increasing market share. In supplemental analyses,
we find that mandatory adopters issue more equity and debt after IFRS adoption
and that larger market share gains accrue to those mandatory IFRS adopters that
issue more equity and debt after IFRS adoption. Overall, we provide evidence of
unintended product market consequences of IFRS adoption.
author:
- first_name: Jimmy F
full_name: Downes, Jimmy F
last_name: Downes
- first_name: Vanessa
full_name: Flagmeier, Vanessa
id: '8084'
last_name: Flagmeier
- first_name: David
full_name: Godsell, David
last_name: Godsell
citation:
ama: Downes JF, Flagmeier V, Godsell D. Product market effects of IFRS adoption.
Journal of Accounting and Public Policy. 2018;37(5):376-401. doi:10.1016/j.jaccpubpol.2018.09.004
apa: Downes, J. F., Flagmeier, V., & Godsell, D. (2018). Product market effects
of IFRS adoption. Journal of Accounting and Public Policy, 37(5),
376–401. https://doi.org/10.1016/j.jaccpubpol.2018.09.004
bibtex: '@article{Downes_Flagmeier_Godsell_2018, title={Product market effects of
IFRS adoption}, volume={37}, DOI={10.1016/j.jaccpubpol.2018.09.004},
number={5}, journal={Journal of Accounting and Public Policy}, publisher={Elsevier},
author={Downes, Jimmy F and Flagmeier, Vanessa and Godsell, David}, year={2018},
pages={376–401} }'
chicago: 'Downes, Jimmy F, Vanessa Flagmeier, and David Godsell. “Product Market
Effects of IFRS Adoption.” Journal of Accounting and Public Policy 37,
no. 5 (2018): 376–401. https://doi.org/10.1016/j.jaccpubpol.2018.09.004.'
ieee: J. F. Downes, V. Flagmeier, and D. Godsell, “Product market effects of IFRS
adoption,” Journal of Accounting and Public Policy, vol. 37, no. 5, pp.
376–401, 2018.
mla: Downes, Jimmy F., et al. “Product Market Effects of IFRS Adoption.” Journal
of Accounting and Public Policy, vol. 37, no. 5, Elsevier, 2018, pp. 376–401,
doi:10.1016/j.jaccpubpol.2018.09.004.
short: J.F. Downes, V. Flagmeier, D. Godsell, Journal of Accounting and Public Policy
37 (2018) 376–401.
date_created: 2018-10-31T06:59:36Z
date_updated: 2022-01-06T07:01:38Z
department:
- _id: '551'
- _id: '189'
doi: 10.1016/j.jaccpubpol.2018.09.004
intvolume: ' 37'
issue: '5'
jel:
- D43
- G32
- G38
keyword:
- Financial reporting regulationProduct market competition
language:
- iso: eng
page: 376-401
publication: Journal of Accounting and Public Policy
publication_status: published
publisher: Elsevier
status: public
title: Product market effects of IFRS adoption
type: journal_article
user_id: '64756'
volume: 37
year: '2018'
...
---
_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. Tax Loss Carryforward Disclosure and Uncertainty.;
2017.
apa: Flagmeier, V., & Müller, J. (2017). Tax loss carryforward disclosure
and uncertainty.
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. Tax Loss Carryforward Disclosure
and Uncertainty, 2017.
ieee: V. Flagmeier and J. Müller, Tax loss carryforward disclosure and uncertainty.
2017.
mla: Flagmeier, Vanessa, and Jens Müller. Tax Loss Carryforward Disclosure and
Uncertainty. 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. The Information Content of Tax Loss Carryforwards: IAS 12
vs. Valuation Allowance.; 2017.'
apa: 'Flagmeier, V. (2017). The information content of tax loss carryforwards:
IAS 12 vs. valuation allowance.'
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. The Information Content of Tax Loss Carryforwards:
IAS 12 vs. Valuation Allowance, 2017.'
ieee: 'V. Flagmeier, The information content of tax loss carryforwards: IAS 12
vs. valuation allowance. 2017.'
mla: 'Flagmeier, Vanessa. The Information Content of Tax Loss Carryforwards:
IAS 12 vs. Valuation Allowance. 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: '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. When Do Managers Highlight Their
Effective Tax Rate? Vol 214.; 2017. doi:arqus Working Paper No. 214
apa: Flagmeier, V., Müller, J., & Sureth-Sloane, C. (2017). When Do Managers
Highlight Their Effective Tax Rate? (Vol. 214). https://doi.org/arqus Working Paper No. 214
bibtex: '@book{Flagmeier_Müller_Sureth-Sloane_2017, series={arqus Working Paper},
title={When Do Managers Highlight Their Effective Tax Rate?}, volume={214}, DOI={arqus Working Paper No. 214},
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. When Do Managers
Highlight Their Effective Tax Rate? Vol. 214. Arqus Working Paper, 2017. https://doi.org/arqus Working
Paper No. 214.
ieee: V. Flagmeier, J. Müller, and C. Sureth-Sloane, When Do Managers Highlight
Their Effective Tax Rate?, vol. 214. 2017.
mla: Flagmeier, Vanessa, et al. When Do Managers Highlight Their Effective Tax
Rate? Vol. 214, 2017, doi:arqus Working Paper No. 214.
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: '3542'
abstract:
- lang: eng
text: "We study the historical development of Slovenian Accounting Standards (SAS)
and their association with accounting quality (AQ). We focus on private firms
where the financial reporting process is characterised by low demand for high-quality
reporting. We investigate three distinct editions of SAS since 1994 and test how
their development towards international standards is related to AQ. Aggregate
earnings management measures indicate that the use of accounting discretion decreases
with less earnings smoothing over time. The main features of AQ have been consistent
throughout historical development. Asymmetric timeliness of earnings, the ability
of earnings to predict future cash flows, and the ability of accruals to mitigate
mismatching are all present throughout. We also document typical departures from
properties of high AQ. For example, accruals do not (always) facilitate timely
recognition of losses. However, these can be attributed to the overwhelming influence
of reporting incentives (e.g. taxation, debt, size) rather than to the (lower)
quality of accounting standards.\r\n\r\n\r\n \r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n
\r\n\r\n\r\n\r\n Full Article \r\n Figures & data \r\n References \r\n
Citations \r\n \r\n Metrics \r\n Reprints & Permissions \r\n PDF \r\n \r\n
\r\n\r\n\r\n\r\n\r\nAbstract\r\n\r\n\r\nWe study the historical development of
Slovenian Accounting Standards (SAS) and their association with accounting quality
(AQ). We focus on private firms where the financial reporting process is characterised
by low demand for high-quality reporting. We investigate three distinct editions
of SAS since 1994 and test how their development towards international standards
is related to AQ. Aggregate earnings management measures indicate that the use
of accounting discretion decreases with less earnings smoothing over time. The
main features of AQ have been consistent throughout historical development. Asymmetric
timeliness of earnings, the ability of earnings to predict future cash flows,
and the ability of accruals to mitigate mismatching are all present throughout.
We also document typical departures from properties of high AQ. For example, accruals
do not (always) facilitate timely recognition of losses. However, these can be
attributed to the overwhelming influence of reporting incentives (e.g. taxation,
debt, size) rather than to the (lower) quality of accounting standards."
author:
- first_name: Aljosa
full_name: Valentincic, Aljosa
last_name: Valentincic
- first_name: Ales
full_name: Novak, Ales
last_name: Novak
- first_name: Urska
full_name: Kosi, Urska
id: '54068'
last_name: Kosi
citation:
ama: Valentincic A, Novak A, Kosi U. Accounting quality in private firms during
the transition towards international standards. Accounting in Europe. 2017;14(3):358-387.
doi:10.1080/17449480.2017.1378821
apa: Valentincic, A., Novak, A., & Kosi, U. (2017). Accounting quality in private
firms during the transition towards international standards. Accounting in
Europe, 14(3), 358–387. https://doi.org/10.1080/17449480.2017.1378821
bibtex: '@article{Valentincic_Novak_Kosi_2017, title={Accounting quality in private
firms during the transition towards international standards}, volume={14}, DOI={10.1080/17449480.2017.1378821},
number={3}, journal={Accounting in Europe}, author={Valentincic, Aljosa and Novak,
Ales and Kosi, Urska}, year={2017}, pages={358–387} }'
chicago: 'Valentincic, Aljosa, Ales Novak, and Urska Kosi. “Accounting Quality in
Private Firms during the Transition towards International Standards.” Accounting
in Europe 14, no. 3 (2017): 358–87. https://doi.org/10.1080/17449480.2017.1378821.'
ieee: 'A. Valentincic, A. Novak, and U. Kosi, “Accounting quality in private firms
during the transition towards international standards,” Accounting in Europe,
vol. 14, no. 3, pp. 358–387, 2017, doi: 10.1080/17449480.2017.1378821.'
mla: Valentincic, Aljosa, et al. “Accounting Quality in Private Firms during the
Transition towards International Standards.” Accounting in Europe, vol.
14, no. 3, 2017, pp. 358–87, doi:10.1080/17449480.2017.1378821.
short: A. Valentincic, A. Novak, U. Kosi, Accounting in Europe 14 (2017) 358–387.
date_created: 2018-07-11T08:57:03Z
date_updated: 2023-01-24T15:34:31Z
department:
- _id: '551'
- _id: '635'
- _id: '186'
doi: 10.1080/17449480.2017.1378821
intvolume: ' 14'
issue: '3'
jel:
- M41
- C23
- L21
- P20
keyword:
- private firms
- accounting quality
- development of accounting standards
- IFRS-like standards
- Slovenia
language:
- iso: eng
page: 358-387
publication: Accounting in Europe
publication_status: published
status: public
title: Accounting quality in private firms during the transition towards international
standards
type: journal_article
user_id: '54068'
volume: 14
year: '2017'
...
---
_id: '4034'
abstract:
- lang: eng
text: We examine whether the credit relevance of financial statements, defined as
the ability of accounting numbers to explain credit ratings, is higher after firms
are required to report under International Financial Reporting Standards (IFRS).
We find an improvement in credit relevance for firms in 17 countries after mandatory
IFRS reporting is introduced in 2005; this increase is higher than that reported
for a matched sample of US firms. The increase in credit relevance is particularly
pronounced for higher risk speculative-grade issuers, where accounting information
is predicted to be more important; and for IFRS adopters with large first-time
reconciliations, where the impact of IFRS is expected to be greater. These tests
provide reassurance that the overall enhancement in estimated credit relevance
is driven by accounting changes related to IFRS adoption. Our results suggest
that credit rating analysts’ views of economic fundamentals are more closely aligned
with IFRS numbers, and that analysts anticipate at least some of the effects of
the IFRS transition.
author:
- first_name: Annita
full_name: Florou, Annita
last_name: Florou
- first_name: Urska
full_name: Kosi, Urska
id: '54068'
last_name: Kosi
- first_name: Peter F
full_name: Pope, Peter F
last_name: Pope
citation:
ama: Florou A, Kosi U, Pope PF. Are international accounting standards more credit
relevant than domestic standards? Accounting and Business Research. 2016;47(1):1-29.
doi:10.1080/00014788.2016.1224968
apa: Florou, A., Kosi, U., & Pope, P. F. (2016). Are international accounting
standards more credit relevant than domestic standards? Accounting and Business
Research, 47(1), 1–29. https://doi.org/10.1080/00014788.2016.1224968
bibtex: '@article{Florou_Kosi_Pope_2016, title={Are international accounting standards
more credit relevant than domestic standards?}, volume={47}, DOI={10.1080/00014788.2016.1224968},
number={1}, journal={Accounting and Business Research}, author={Florou, Annita
and Kosi, Urska and Pope, Peter F}, year={2016}, pages={1–29} }'
chicago: 'Florou, Annita, Urska Kosi, and Peter F Pope. “Are International Accounting
Standards More Credit Relevant than Domestic Standards?” Accounting and Business
Research 47, no. 1 (2016): 1–29. https://doi.org/10.1080/00014788.2016.1224968.'
ieee: 'A. Florou, U. Kosi, and P. F. Pope, “Are international accounting standards
more credit relevant than domestic standards?,” Accounting and Business Research,
vol. 47, no. 1, pp. 1–29, 2016, doi: 10.1080/00014788.2016.1224968.'
mla: Florou, Annita, et al. “Are International Accounting Standards More Credit
Relevant than Domestic Standards?” Accounting and Business Research, vol.
47, no. 1, 2016, pp. 1–29, doi:10.1080/00014788.2016.1224968.
short: A. Florou, U. Kosi, P.F. Pope, Accounting and Business Research 47 (2016)
1–29.
date_created: 2018-08-22T07:16:25Z
date_updated: 2023-01-18T13:41:47Z
department:
- _id: '551'
- _id: '635'
- _id: '186'
doi: 10.1080/00014788.2016.1224968
intvolume: ' 47'
issue: '1'
jel:
- G15
- G33
- K20
- M41
- M48
keyword:
- IFRS
- debt markets
- credit ratings
- credit relevance
language:
- iso: eng
page: 1-29
publication: Accounting and Business Research
publication_status: published
status: public
title: Are international accounting standards more credit relevant than domestic standards?
type: journal_article
user_id: '54068'
volume: 47
year: '2016'
...