[{"abstract":[{"lang":"eng","text":"We examine whether the mandated introduction of International Financial Reporting Standards (IFRS) is associated with the propensity to access the public rather than private debt market and the cost of debt. We use a global sample of public bonds and private loans and find that mandatory IFRS adopters are more likely, post-IFRS, to issue bonds than to borrow privately. We also find that mandatory IFRS adopters pay lower bond yield spreads, but not lower loan spreads, after the mandate. These findings are consistent with debt providers responding positively to financial reporting of higher quality and comparability, but only when there is a greater reliance on publicly available financial statements than private communication. Lastly, we document that the observed debt market benefits are concentrated in countries with larger differences between domestic GAAP and IFRS and are present even for EU countries that did not experience concurrent financial reporting enforcement or other institutional reforms. Overall, our study documents positive economic consequences around the mandated IFRS adoption for corporate debt financing and, in particular, for bond financing."}],"publication":"Review of Accounting Studies","keyword":["Accounting regulation","IFRS","Accounting quality","Public and private debt markets","Cost of debt"],"language":[{"iso":"eng"}],"year":"2015","issue":"4","title":"Does mandatory IFRS adoption facilitate debt financing?","date_created":"2018-08-22T07:47:41Z","status":"public","type":"journal_article","extern":"1","_id":"4035","user_id":"54068","department":[{"_id":"551"},{"_id":"635"},{"_id":"186"}],"citation":{"mla":"Florou, Annita, and Urska Kosi. “Does Mandatory IFRS Adoption Facilitate Debt Financing?” <i>Review of Accounting Studies</i>, vol. 20, no. 4, 2015, pp. 1407–56, doi:<a href=\"https://doi.org/10.1007/s11142\">10.1007/s11142</a>.","short":"A. Florou, U. Kosi, Review of Accounting Studies 20 (2015) 1407–1456.","bibtex":"@article{Florou_Kosi_2015, title={Does mandatory IFRS adoption facilitate debt financing?}, volume={20}, DOI={<a href=\"https://doi.org/10.1007/s11142\">10.1007/s11142</a>}, number={4}, journal={Review of Accounting Studies}, author={Florou, Annita and Kosi, Urska}, year={2015}, pages={1407–1456} }","apa":"Florou, A., &#38; Kosi, U. (2015). Does mandatory IFRS adoption facilitate debt financing? <i>Review of Accounting Studies</i>, <i>20</i>(4), 1407–1456. <a href=\"https://doi.org/10.1007/s11142\">https://doi.org/10.1007/s11142</a>","ieee":"A. Florou and U. Kosi, “Does mandatory IFRS adoption facilitate debt financing?,” <i>Review of Accounting Studies</i>, vol. 20, no. 4, pp. 1407–1456, 2015, doi: <a href=\"https://doi.org/10.1007/s11142\">10.1007/s11142</a>.","chicago":"Florou, Annita, and Urska Kosi. “Does Mandatory IFRS Adoption Facilitate Debt Financing?” <i>Review of Accounting Studies</i> 20, no. 4 (2015): 1407–56. <a href=\"https://doi.org/10.1007/s11142\">https://doi.org/10.1007/s11142</a>.","ama":"Florou A, Kosi U. Does mandatory IFRS adoption facilitate debt financing? <i>Review of Accounting Studies</i>. 2015;20(4):1407-1456. doi:<a href=\"https://doi.org/10.1007/s11142\">10.1007/s11142</a>"},"jel":["G15","K22","M41","M48"],"intvolume":"        20","page":"1407-1456","publication_status":"published","publication_identifier":{"eissn":["1573-7136"]},"doi":"10.1007/s11142","date_updated":"2023-01-24T15:32:37Z","author":[{"full_name":"Florou, Annita","last_name":"Florou","first_name":"Annita"},{"id":"54068","full_name":"Kosi, Urska","last_name":"Kosi","first_name":"Urska"}],"volume":20},{"status":"public","type":"journal_article","publication":"Steuer und Wirtschaft International","language":[{"iso":"eng"}],"user_id":"96670","department":[{"_id":"187"},{"_id":"635"}],"_id":"4756","citation":{"ama":"Oßwald B, Sureth-Sloane C. Entscheidungskalküle US-amerikanischer Unternehmen bei Tax Inversions. What Drives the Decision of U.S. Firms to Expatriate? <i>Steuer und Wirtschaft International</i>. 2015;25(10):478-486.","chicago":"Oßwald, Benjamin, and Caren Sureth-Sloane. “Entscheidungskalküle US-Amerikanischer Unternehmen Bei Tax Inversions. What Drives the Decision of U.S. Firms to Expatriate?” <i>Steuer Und Wirtschaft International</i> 25, no. 10 (2015): 478–86.","ieee":"B. Oßwald and C. Sureth-Sloane, “Entscheidungskalküle US-amerikanischer Unternehmen bei Tax Inversions. What Drives the Decision of U.S. Firms to Expatriate?,” <i>Steuer und Wirtschaft International</i>, vol. 25, no. 10, pp. 478–486, 2015.","apa":"Oßwald, B., &#38; Sureth-Sloane, C. (2015). Entscheidungskalküle US-amerikanischer Unternehmen bei Tax Inversions. What Drives the Decision of U.S. Firms to Expatriate? <i>Steuer Und Wirtschaft International</i>, <i>25</i>(10), 478–486.","bibtex":"@article{Oßwald_Sureth-Sloane_2015, title={Entscheidungskalküle US-amerikanischer Unternehmen bei Tax Inversions. What Drives the Decision of U.S. Firms to Expatriate?}, volume={25}, number={10}, journal={Steuer und Wirtschaft International}, author={Oßwald, Benjamin and Sureth-Sloane, Caren}, year={2015}, pages={478–486} }","short":"B. Oßwald, C. Sureth-Sloane, Steuer Und Wirtschaft International 25 (2015) 478–486.","mla":"Oßwald, Benjamin, and Caren Sureth-Sloane. “Entscheidungskalküle US-Amerikanischer Unternehmen Bei Tax Inversions. What Drives the Decision of U.S. Firms to Expatriate?” <i>Steuer Und Wirtschaft International</i>, vol. 25, no. 10, 2015, pp. 478–86."},"intvolume":"        25","page":"478-486","year":"2015","issue":"10","quality_controlled":"1","title":"Entscheidungskalküle US-amerikanischer Unternehmen bei Tax Inversions. What Drives the Decision of U.S. Firms to Expatriate?","author":[{"last_name":"Oßwald","full_name":"Oßwald, Benjamin","first_name":"Benjamin"},{"first_name":"Caren","orcid":" 0000-0002-8183-5901","last_name":"Sureth-Sloane","full_name":"Sureth-Sloane, Caren","id":"530"}],"date_created":"2018-10-15T12:52:37Z","volume":25,"date_updated":"2026-04-09T09:16:07Z"},{"publication":"Business Research","type":"journal_article","status":"public","_id":"17962","department":[{"_id":"635"}],"user_id":"61801","language":[{"iso":"eng"}],"issue":"2","year":"2014","intvolume":"         5","citation":{"ama":"Albers S, Sureth-Sloane C. Editorial: What Is and What Is Not a Substantial Contribution? <i>Business Research</i>. 2014;5(2).","ieee":"S. Albers and C. Sureth-Sloane, “Editorial: What Is and What Is Not a Substantial Contribution?,” <i>Business Research</i>, vol. 5, no. 2, 2014.","chicago":"Albers, Sönke, and Caren Sureth-Sloane. “Editorial: What Is and What Is Not a Substantial Contribution?” <i>Business Research</i> 5, no. 2 (2014).","apa":"Albers, S., &#38; Sureth-Sloane, C. (2014). Editorial: What Is and What Is Not a Substantial Contribution? <i>Business Research</i>, <i>5</i>(2).","bibtex":"@article{Albers_Sureth-Sloane_2014, title={Editorial: What Is and What Is Not a Substantial Contribution?}, volume={5}, number={2}, journal={Business Research}, author={Albers, Sönke and Sureth-Sloane, Caren}, year={2014} }","mla":"Albers, Sönke, and Caren Sureth-Sloane. “Editorial: What Is and What Is Not a Substantial Contribution?” <i>Business Research</i>, vol. 5, no. 2, 2014.","short":"S. Albers, C. Sureth-Sloane, Business Research 5 (2014)."},"oa":"1","date_updated":"2022-01-06T06:53:24Z","volume":5,"date_created":"2020-08-14T08:58:07Z","author":[{"full_name":"Albers, Sönke","last_name":"Albers","first_name":"Sönke"},{"last_name":"Sureth-Sloane","full_name":"Sureth-Sloane, Caren","id":"530","first_name":"Caren"}],"title":"Editorial: What Is and What Is Not a Substantial Contribution?","main_file_link":[{"url":"https://link.springer.com/content/pdf/10.1007/BF03342734.pdf","open_access":"1"}]},{"department":[{"_id":"590"},{"_id":"187"},{"_id":"635"}],"series_title":"arqus, Quantitative Research in Taxation","user_id":"61801","_id":"4750","language":[{"iso":"eng"}],"type":"working_paper","status":"public","volume":165,"author":[{"last_name":"Ortmann","id":"10020","full_name":"Ortmann, Regina","first_name":"Regina"},{"last_name":"Sureth-Sloane","full_name":"Sureth-Sloane, Caren","id":"530","first_name":"Caren"}],"date_created":"2018-10-15T11:07:03Z","date_updated":"2022-01-06T07:01:21Z","title":"Can the CCCTB Alleviate Tax Discrimination against Loss-Making European Multinational Groups?","intvolume":"       165","citation":{"ieee":"R. Ortmann and C. Sureth-Sloane, <i>Can the CCCTB Alleviate Tax Discrimination against Loss-Making European Multinational Groups?</i>, vol. 165. 2014.","chicago":"Ortmann, Regina, and Caren Sureth-Sloane. <i>Can the CCCTB Alleviate Tax Discrimination against Loss-Making European Multinational Groups?</i> Vol. 165. Arqus, Quantitative Research in Taxation, 2014.","ama":"Ortmann R, Sureth-Sloane C. <i>Can the CCCTB Alleviate Tax Discrimination against Loss-Making European Multinational Groups?</i> Vol 165.; 2014.","apa":"Ortmann, R., &#38; Sureth-Sloane, C. (2014). <i>Can the CCCTB Alleviate Tax Discrimination against Loss-Making European Multinational Groups?</i> (Vol. 165).","short":"R. Ortmann, C. Sureth-Sloane, Can the CCCTB Alleviate Tax Discrimination against Loss-Making European Multinational Groups?, 2014.","bibtex":"@book{Ortmann_Sureth-Sloane_2014, series={arqus, Quantitative Research in Taxation}, title={Can the CCCTB Alleviate Tax Discrimination against Loss-Making European Multinational Groups?}, volume={165}, author={Ortmann, Regina and Sureth-Sloane, Caren}, year={2014}, collection={arqus, Quantitative Research in Taxation} }","mla":"Ortmann, Regina, and Caren Sureth-Sloane. <i>Can the CCCTB Alleviate Tax Discrimination against Loss-Making European Multinational Groups?</i> Vol. 165, 2014."},"year":"2014"},{"type":"working_paper","status":"public","_id":"5037","user_id":"61801","series_title":"arqus, Quantitative Research in Taxation","department":[{"_id":"187"},{"_id":"635"}],"language":[{"iso":"eng"}],"year":"2014","citation":{"apa":"Diller, M., Kortebusch, P., Schneider, G., &#38; Sureth-Sloane, C. (2014). <i>Do Investors Request Advance Tax Rulings to Alleviate Tax Risk (and do tax authorities provide them)? A Joint Taxpayers’ and Tax Authorities’ View on Investment Behavior</i> (Vol. 167).","short":"M. Diller, P. Kortebusch, G. Schneider, C. Sureth-Sloane, Do Investors Request Advance Tax Rulings to Alleviate Tax Risk (and Do Tax Authorities Provide Them)? A Joint Taxpayers’ and Tax Authorities’ View on Investment Behavior, 2014.","mla":"Diller, Markus, et al. <i>Do Investors Request Advance Tax Rulings to Alleviate Tax Risk (and Do Tax Authorities Provide Them)? A Joint Taxpayers’ and Tax Authorities’ View on Investment Behavior</i>. Vol. 167, 2014.","bibtex":"@book{Diller_Kortebusch_Schneider_Sureth-Sloane_2014, series={arqus, Quantitative Research in Taxation}, title={Do Investors Request Advance Tax Rulings to Alleviate Tax Risk (and do tax authorities provide them)? A Joint Taxpayers’ and Tax Authorities’ View on Investment Behavior}, volume={167}, author={Diller, Markus and Kortebusch, Pia and Schneider, Georg and Sureth-Sloane, Caren}, year={2014}, collection={arqus, Quantitative Research in Taxation} }","ama":"Diller M, Kortebusch P, Schneider G, Sureth-Sloane C. <i>Do Investors Request Advance Tax Rulings to Alleviate Tax Risk (and Do Tax Authorities Provide Them)? A Joint Taxpayers’ and Tax Authorities’ View on Investment Behavior</i>. Vol 167.; 2014.","ieee":"M. Diller, P. Kortebusch, G. Schneider, and C. Sureth-Sloane, <i>Do Investors Request Advance Tax Rulings to Alleviate Tax Risk (and do tax authorities provide them)? A Joint Taxpayers’ and Tax Authorities’ View on Investment Behavior</i>, vol. 167. 2014.","chicago":"Diller, Markus, Pia Kortebusch, Georg Schneider, and Caren Sureth-Sloane. <i>Do Investors Request Advance Tax Rulings to Alleviate Tax Risk (and Do Tax Authorities Provide Them)? A Joint Taxpayers’ and Tax Authorities’ View on Investment Behavior</i>. Vol. 167. Arqus, Quantitative Research in Taxation, 2014."},"intvolume":"       167","date_updated":"2022-01-06T07:01:35Z","author":[{"full_name":"Diller, Markus","last_name":"Diller","first_name":"Markus"},{"last_name":"Kortebusch","full_name":"Kortebusch, Pia","first_name":"Pia"},{"full_name":"Schneider, Georg","last_name":"Schneider","first_name":"Georg"},{"first_name":"Caren","last_name":"Sureth-Sloane","id":"530","full_name":"Sureth-Sloane, Caren"}],"date_created":"2018-10-30T13:43:18Z","volume":167,"title":"Do Investors Request Advance Tax Rulings to Alleviate Tax Risk (and do tax authorities provide them)? A Joint Taxpayers’ and Tax Authorities’ View on Investment Behavior"},{"_id":"23413","user_id":"42419","department":[{"_id":"190"},{"_id":"186"},{"_id":"635"}],"article_type":"original","extern":"1","language":[{"iso":"eng"}],"type":"journal_article","publication":"Schmalenbach Business Review","status":"public","date_updated":"2023-01-12T09:02:52Z","date_created":"2021-08-16T10:12:27Z","author":[{"first_name":"Jannis","full_name":"Bischof, Jannis","last_name":"Bischof"},{"first_name":"Michael","full_name":"Ebert, Michael","id":"42419","last_name":"Ebert"}],"volume":66,"title":"IFRS 7 Disclosures and Risk Perception of Financial Instruments","doi":"10.1007/bf03396908","publication_status":"published","publication_identifier":{"issn":["1439-2917","2194-072X"]},"year":"2014","citation":{"apa":"Bischof, J., &#38; Ebert, M. (2014). IFRS 7 Disclosures and Risk Perception of Financial Instruments. <i>Schmalenbach Business Review</i>, <i>66</i>, 276–308. <a href=\"https://doi.org/10.1007/bf03396908\">https://doi.org/10.1007/bf03396908</a>","short":"J. Bischof, M. Ebert, Schmalenbach Business Review 66 (2014) 276–308.","bibtex":"@article{Bischof_Ebert_2014, title={IFRS 7 Disclosures and Risk Perception of Financial Instruments}, volume={66}, DOI={<a href=\"https://doi.org/10.1007/bf03396908\">10.1007/bf03396908</a>}, journal={Schmalenbach Business Review}, author={Bischof, Jannis and Ebert, Michael}, year={2014}, pages={276–308} }","mla":"Bischof, Jannis, and Michael Ebert. “IFRS 7 Disclosures and Risk Perception of Financial Instruments.” <i>Schmalenbach Business Review</i>, vol. 66, 2014, pp. 276–308, doi:<a href=\"https://doi.org/10.1007/bf03396908\">10.1007/bf03396908</a>.","chicago":"Bischof, Jannis, and Michael Ebert. “IFRS 7 Disclosures and Risk Perception of Financial Instruments.” <i>Schmalenbach Business Review</i> 66 (2014): 276–308. <a href=\"https://doi.org/10.1007/bf03396908\">https://doi.org/10.1007/bf03396908</a>.","ieee":"J. Bischof and M. Ebert, “IFRS 7 Disclosures and Risk Perception of Financial Instruments,” <i>Schmalenbach Business Review</i>, vol. 66, pp. 276–308, 2014, doi: <a href=\"https://doi.org/10.1007/bf03396908\">10.1007/bf03396908</a>.","ama":"Bischof J, Ebert M. IFRS 7 Disclosures and Risk Perception of Financial Instruments. <i>Schmalenbach Business Review</i>. 2014;66:276-308. doi:<a href=\"https://doi.org/10.1007/bf03396908\">10.1007/bf03396908</a>"},"intvolume":"        66","page":"276-308"},{"status":"public","type":"conference","language":[{"iso":"eng"}],"extern":"1","_id":"37107","department":[{"_id":"635"},{"_id":"186"},{"_id":"551"}],"user_id":"88603","year":"2014","citation":{"ieee":"A. Florou and U. Kosi, “Does mandatory IFRS adoption facilitate debt financing? ,” presented at the DART Research Seminar, Graz, Austria, 2014.","chicago":"Florou, Annita, and Urska Kosi. “Does Mandatory IFRS Adoption Facilitate Debt Financing? ,” 2014.","ama":"Florou A, Kosi U. Does mandatory IFRS adoption facilitate debt financing? . In: ; 2014.","mla":"Florou, Annita, and Urska Kosi. <i>Does Mandatory IFRS Adoption Facilitate Debt Financing? </i>. 2014.","short":"A. Florou, U. Kosi, in: 2014.","bibtex":"@inproceedings{Florou_Kosi_2014, title={Does mandatory IFRS adoption facilitate debt financing? }, author={Florou, Annita and Kosi, Urska}, year={2014} }","apa":"Florou, A., &#38; Kosi, U. (2014). <i>Does mandatory IFRS adoption facilitate debt financing? </i>. DART Research Seminar, Graz, Austria."},"title":"Does mandatory IFRS adoption facilitate debt financing? ","conference":{"location":"Graz, Austria","start_date":"2014-03-03","name":"DART Research Seminar"},"date_updated":"2023-01-17T13:36:58Z","author":[{"first_name":"Annita","last_name":"Florou","full_name":"Florou, Annita"},{"first_name":"Urska","last_name":"Kosi","full_name":"Kosi, Urska","id":"54068"}],"date_created":"2023-01-17T13:20:21Z"},{"type":"working_paper","status":"public","user_id":"88603","department":[{"_id":"635"},{"_id":"186"},{"_id":"551"}],"_id":"37090","language":[{"iso":"eng"}],"extern":"1","citation":{"chicago":"Koren, Jernej, Urska Kosi, and Aljosa Valentincic. <i>Cost of Debt for Private Firms Revisited: Voluntary Audits as a Reflection of Risk</i>, 2014.","ieee":"J. Koren, U. Kosi, and A. Valentincic, <i>Cost of Debt for Private Firms Revisited: Voluntary Audits as a Reflection of Risk</i>. 2014.","mla":"Koren, Jernej, et al. <i>Cost of Debt for Private Firms Revisited: Voluntary Audits as a Reflection of Risk</i>. 2014.","bibtex":"@book{Koren_Kosi_Valentincic_2014, title={Cost of Debt for Private Firms Revisited: Voluntary Audits as a Reflection of Risk}, author={Koren, Jernej and Kosi, Urska and Valentincic, Aljosa}, year={2014} }","short":"J. Koren, U. Kosi, A. Valentincic, Cost of Debt for Private Firms Revisited: Voluntary Audits as a Reflection of Risk, 2014.","ama":"Koren J, Kosi U, Valentincic A. <i>Cost of Debt for Private Firms Revisited: Voluntary Audits as a Reflection of Risk</i>.; 2014.","apa":"Koren, J., Kosi, U., &#38; Valentincic, A. (2014). <i>Cost of Debt for Private Firms Revisited: Voluntary Audits as a Reflection of Risk</i>."},"year":"2014","author":[{"last_name":"Koren","full_name":"Koren, Jernej","first_name":"Jernej"},{"last_name":"Kosi","id":"54068","full_name":"Kosi, Urska","first_name":"Urska"},{"full_name":"Valentincic, Aljosa","last_name":"Valentincic","first_name":"Aljosa"}],"date_created":"2023-01-17T12:52:18Z","date_updated":"2023-01-18T14:02:24Z","title":"Cost of Debt for Private Firms Revisited: Voluntary Audits as a Reflection of Risk"},{"_id":"4037","department":[{"_id":"551"},{"_id":"635"},{"_id":"186"}],"user_id":"54068","keyword":["standard setting","IASB","corporate lobbying","financial firms","IFRS 4"],"language":[{"iso":"eng"}],"extern":"1","publication":"Accounting in Europe","type":"journal_article","abstract":[{"lang":"eng","text":"This study examines the determinants of financial firms' lobbying behaviour in the replacement process of International Financial Reporting Standard 4 (IFRS 4) Insurance Contracts. Based on comment letters in response to International Accounting Standards Board's (IASB) Exposure Draft 2010/8, we investigate firms' lobbying decisions and their long-term lobbying intensity. Using an international sample of publicly listed financial firms, we show that insurance companies and financially constrained IFRS firms are more likely to lobby the IASB. We also examine the long-term lobbying activity in the IFRS 4 replacement process during the years 2007–2010. We find that insurance companies and firms with dispersed ownership lobby more. Our results are stronger for IFRS firms compared to US generally accepted accounting principles users. Overall, we document intense lobbying by financial firms and present results that are largely consistent with economic consequences of anticipated accounting changes being the main driver of firms' lobbying behaviour. These results are in line with prior findings for non-financial firms."}],"status":"public","date_updated":"2023-01-24T15:33:00Z","volume":11,"date_created":"2018-08-22T07:55:49Z","author":[{"last_name":"Kosi","full_name":"Kosi, Urska","id":"54068","first_name":"Urska"},{"last_name":"Reither","full_name":"Reither, Antonia","first_name":"Antonia"}],"title":"Determinants of corporate participation in the IFRS 4 (insurance contracts) replacement process","doi":"10.1080/17449480.2014.897459","publication_status":"published","issue":"1","year":"2014","page":"89-112","intvolume":"        11","jel":["D72","M41","M48"],"citation":{"apa":"Kosi, U., &#38; Reither, A. (2014). Determinants of corporate participation in the IFRS 4 (insurance contracts) replacement process. <i>Accounting in Europe</i>, <i>11</i>(1), 89–112. <a href=\"https://doi.org/10.1080/17449480.2014.897459\">https://doi.org/10.1080/17449480.2014.897459</a>","mla":"Kosi, Urska, and Antonia Reither. “Determinants of Corporate Participation in the IFRS 4 (Insurance Contracts) Replacement Process.” <i>Accounting in Europe</i>, vol. 11, no. 1, 2014, pp. 89–112, doi:<a href=\"https://doi.org/10.1080/17449480.2014.897459\">10.1080/17449480.2014.897459</a>.","short":"U. Kosi, A. Reither, Accounting in Europe 11 (2014) 89–112.","bibtex":"@article{Kosi_Reither_2014, title={Determinants of corporate participation in the IFRS 4 (insurance contracts) replacement process}, volume={11}, DOI={<a href=\"https://doi.org/10.1080/17449480.2014.897459\">10.1080/17449480.2014.897459</a>}, number={1}, journal={Accounting in Europe}, author={Kosi, Urska and Reither, Antonia}, year={2014}, pages={89–112} }","ama":"Kosi U, Reither A. Determinants of corporate participation in the IFRS 4 (insurance contracts) replacement process. <i>Accounting in Europe</i>. 2014;11(1):89-112. doi:<a href=\"https://doi.org/10.1080/17449480.2014.897459\">10.1080/17449480.2014.897459</a>","chicago":"Kosi, Urska, and Antonia Reither. “Determinants of Corporate Participation in the IFRS 4 (Insurance Contracts) Replacement Process.” <i>Accounting in Europe</i> 11, no. 1 (2014): 89–112. <a href=\"https://doi.org/10.1080/17449480.2014.897459\">https://doi.org/10.1080/17449480.2014.897459</a>.","ieee":"U. Kosi and A. Reither, “Determinants of corporate participation in the IFRS 4 (insurance contracts) replacement process,” <i>Accounting in Europe</i>, vol. 11, no. 1, pp. 89–112, 2014, doi: <a href=\"https://doi.org/10.1080/17449480.2014.897459\">10.1080/17449480.2014.897459</a>."}},{"type":"journal_article","publication":"SSRN Electronic Journal ","year":"2014","abstract":[{"lang":"eng","text":"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. "}],"citation":{"ama":"Koren J, Kosi U, Valentincic A. Does Financial Statement Audit Reduce the Cost of Debt of Private Firms? <i>SSRN Electronic Journal </i>. Published online 2014.","chicago":"Koren, Jernej, Urska Kosi, and Aljosa Valentincic. “Does Financial Statement Audit Reduce the Cost of Debt of Private Firms?” <i>SSRN Electronic Journal </i>, 2014.","ieee":"J. Koren, U. Kosi, and A. Valentincic, “Does Financial Statement Audit Reduce the Cost of Debt of Private Firms?,” <i>SSRN Electronic Journal </i>, 2014.","short":"J. Koren, U. Kosi, A. Valentincic, SSRN Electronic Journal  (2014).","mla":"Koren, Jernej, et al. “Does Financial Statement Audit Reduce the Cost of Debt of Private Firms?” <i>SSRN Electronic Journal </i>, 2014.","bibtex":"@article{Koren_Kosi_Valentincic_2014, title={Does Financial Statement Audit Reduce the Cost of Debt of Private Firms?}, journal={SSRN Electronic Journal }, author={Koren, Jernej and Kosi, Urska and Valentincic, Aljosa}, year={2014} }","apa":"Koren, J., Kosi, U., &#38; Valentincic, A. (2014). Does Financial Statement Audit Reduce the Cost of Debt of Private Firms? <i>SSRN Electronic Journal </i>."},"status":"public","date_updated":"2023-01-24T15:32:08Z","_id":"4879","date_created":"2018-10-26T07:39:16Z","user_id":"54068","author":[{"first_name":"Jernej","last_name":"Koren","full_name":"Koren, Jernej"},{"id":"54068","full_name":"Kosi, Urska","last_name":"Kosi","first_name":"Urska"},{"first_name":"Aljosa","full_name":"Valentincic, Aljosa","last_name":"Valentincic"}],"department":[{"_id":"551"},{"_id":"635"},{"_id":"186"}],"title":"Does Financial Statement Audit Reduce the Cost of Debt of Private Firms?","language":[{"iso":"eng"}]},{"date_created":"2018-10-30T13:41:42Z","author":[{"first_name":"Rene","full_name":"Fahr, Rene","id":"111","last_name":"Fahr"},{"last_name":"Janssen","full_name":"Janssen, Elmar A.","first_name":"Elmar A."},{"full_name":"Sureth-Sloane, Caren","id":"530","orcid":" 0000-0002-8183-5901","last_name":"Sureth-Sloane","first_name":"Caren"}],"volume":166,"date_updated":"2026-01-10T10:19:19Z","title":"Can Tax Rate Changes Accelerate Investment Under Entry and Exit Flexibility? - Insights from an Economic Experiment","citation":{"short":"R. Fahr, E.A. Janssen, C. Sureth-Sloane, Can Tax Rate Changes Accelerate Investment Under Entry and Exit Flexibility? - Insights from an Economic Experiment, 2014.","bibtex":"@book{Fahr_Janssen_Sureth-Sloane_2014, series={arqus, Quantitative Research in Taxation}, title={Can Tax Rate Changes Accelerate Investment Under Entry and Exit Flexibility? - Insights from an Economic Experiment}, volume={166}, author={Fahr, Rene and Janssen, Elmar A. and Sureth-Sloane, Caren}, year={2014}, collection={arqus, Quantitative Research in Taxation} }","mla":"Fahr, Rene, et al. <i>Can Tax Rate Changes Accelerate Investment Under Entry and Exit Flexibility? - Insights from an Economic Experiment</i>. 2014.","apa":"Fahr, R., Janssen, E. A., &#38; Sureth-Sloane, C. (2014). <i>Can Tax Rate Changes Accelerate Investment Under Entry and Exit Flexibility? - Insights from an Economic Experiment</i> (Vol. 166).","ama":"Fahr R, Janssen EA, Sureth-Sloane C. <i>Can Tax Rate Changes Accelerate Investment Under Entry and Exit Flexibility? - Insights from an Economic Experiment</i>. Vol 166.; 2014.","chicago":"Fahr, Rene, Elmar A. Janssen, and Caren Sureth-Sloane. <i>Can Tax Rate Changes Accelerate Investment Under Entry and Exit Flexibility? - Insights from an Economic Experiment</i>. Vol. 166. arqus, Quantitative Research in Taxation, 2014.","ieee":"R. Fahr, E. A. Janssen, and C. Sureth-Sloane, <i>Can Tax Rate Changes Accelerate Investment Under Entry and Exit Flexibility? - Insights from an Economic Experiment</i>, vol. 166. 2014."},"intvolume":"       166","year":"2014","user_id":"530","series_title":"arqus, Quantitative Research in Taxation","department":[{"_id":"187"},{"_id":"179"},{"_id":"635"}],"_id":"5036","language":[{"iso":"ger"}],"type":"working_paper","status":"public"},{"quality_controlled":"1","publication_identifier":{"issn":["2198-3402","2198-2627"]},"publication_status":"published","issue":"2","year":"2014","intvolume":"         2","page":"147-169","citation":{"apa":"Maßbaum, A., &#38; Sureth-Sloane, C. (2014). Thin Capitalization Rules and Entrepreneurial Capital Structure Decisions. <i>Business Research</i>, <i>2</i>(2), 147–169. <a href=\"https://doi.org/10.1007/bf03342708\">https://doi.org/10.1007/bf03342708</a>","bibtex":"@article{Maßbaum_Sureth-Sloane_2014, title={Thin Capitalization Rules and Entrepreneurial Capital Structure Decisions}, volume={2}, DOI={<a href=\"https://doi.org/10.1007/bf03342708\">10.1007/bf03342708</a>}, number={2}, journal={Business Research}, author={Maßbaum, Alexandra and Sureth-Sloane, Caren}, year={2014}, pages={147–169} }","short":"A. Maßbaum, C. Sureth-Sloane, Business Research 2 (2014) 147–169.","mla":"Maßbaum, Alexandra, and Caren Sureth-Sloane. “Thin Capitalization Rules and Entrepreneurial Capital Structure Decisions.” <i>Business Research</i>, vol. 2, no. 2, 2014, pp. 147–69, doi:<a href=\"https://doi.org/10.1007/bf03342708\">10.1007/bf03342708</a>.","ieee":"A. Maßbaum and C. Sureth-Sloane, “Thin Capitalization Rules and Entrepreneurial Capital Structure Decisions,” <i>Business Research</i>, vol. 2, no. 2, pp. 147–169, 2014, doi: <a href=\"https://doi.org/10.1007/bf03342708\">10.1007/bf03342708</a>.","chicago":"Maßbaum, Alexandra, and Caren Sureth-Sloane. “Thin Capitalization Rules and Entrepreneurial Capital Structure Decisions.” <i>Business Research</i> 2, no. 2 (2014): 147–69. <a href=\"https://doi.org/10.1007/bf03342708\">https://doi.org/10.1007/bf03342708</a>.","ama":"Maßbaum A, Sureth-Sloane C. Thin Capitalization Rules and Entrepreneurial Capital Structure Decisions. <i>Business Research</i>. 2014;2(2):147-169. doi:<a href=\"https://doi.org/10.1007/bf03342708\">10.1007/bf03342708</a>"},"date_updated":"2026-04-09T09:24:43Z","volume":2,"date_created":"2019-11-13T09:25:43Z","author":[{"first_name":"Alexandra","full_name":"Maßbaum, Alexandra","last_name":"Maßbaum"},{"full_name":"Sureth-Sloane, Caren","id":"530","last_name":"Sureth-Sloane","orcid":" 0000-0002-8183-5901","first_name":"Caren"}],"title":"Thin Capitalization Rules and Entrepreneurial Capital Structure Decisions","doi":"10.1007/bf03342708","publication":"Business Research","type":"journal_article","status":"public","_id":"14918","department":[{"_id":"187"},{"_id":"635"}],"user_id":"74000","language":[{"iso":"eng"}]},{"_id":"5042","user_id":"61801","department":[{"_id":"187"},{"_id":"635"}],"alternative_title":["6., vollständig überarbeitete Auflage"],"language":[{"iso":"ger"}],"type":"book","status":"public","publisher":"Verlag Neue Wirtschafts-Briefe","date_updated":"2022-01-06T07:01:35Z","date_created":"2018-10-30T13:48:38Z","author":[{"full_name":"König, Rolf","last_name":"König","first_name":"Rolf"},{"last_name":"Sureth-Sloane","full_name":"Sureth-Sloane, Caren","first_name":"Caren"}],"title":"Besteuerung und Rechtsformwahl","place":"Herne","year":"2013","citation":{"ieee":"R. König and C. Sureth-Sloane, <i>Besteuerung und Rechtsformwahl</i>. Herne: Verlag Neue Wirtschafts-Briefe, 2013.","chicago":"König, Rolf, and Caren Sureth-Sloane. <i>Besteuerung und Rechtsformwahl</i>. Herne: Verlag Neue Wirtschafts-Briefe, 2013.","ama":"König R, Sureth-Sloane C. <i>Besteuerung und Rechtsformwahl</i>. Herne: Verlag Neue Wirtschafts-Briefe; 2013.","apa":"König, R., &#38; Sureth-Sloane, C. (2013). <i>Besteuerung und Rechtsformwahl</i>. Herne: Verlag Neue Wirtschafts-Briefe.","bibtex":"@book{König_Sureth-Sloane_2013, place={Herne}, title={Besteuerung und Rechtsformwahl}, publisher={Verlag Neue Wirtschafts-Briefe}, author={König, Rolf and Sureth-Sloane, Caren}, year={2013} }","mla":"König, Rolf, and Caren Sureth-Sloane. <i>Besteuerung und Rechtsformwahl</i>. Verlag Neue Wirtschafts-Briefe, 2013.","short":"R. König, C. Sureth-Sloane, Besteuerung und Rechtsformwahl, Verlag Neue Wirtschafts-Briefe, Herne, 2013."}},{"status":"public","type":"book","language":[{"iso":"eng"}],"_id":"14982","user_id":"67504","department":[{"_id":"187"},{"_id":"635"}],"year":"2013","place":"Wiesbaden","citation":{"bibtex":"@book{Sureth_2013, place={Wiesbaden}, title={Der Einfluss von Steuern auf Investitionsentscheidungen bei Unsicherheit}, DOI={<a href=\"https://doi.org/10.1007/978-3-663-08348-1\">10.1007/978-3-663-08348-1</a>}, author={Sureth, Caren}, year={2013} }","mla":"Sureth, Caren. <i>Der Einfluss von Steuern Auf Investitionsentscheidungen Bei Unsicherheit</i>. 2013, doi:<a href=\"https://doi.org/10.1007/978-3-663-08348-1\">10.1007/978-3-663-08348-1</a>.","short":"C. Sureth, Der Einfluss von Steuern Auf Investitionsentscheidungen Bei Unsicherheit, Wiesbaden, 2013.","apa":"Sureth, C. (2013). <i>Der Einfluss von Steuern auf Investitionsentscheidungen bei Unsicherheit</i>. Wiesbaden. <a href=\"https://doi.org/10.1007/978-3-663-08348-1\">https://doi.org/10.1007/978-3-663-08348-1</a>","ama":"Sureth C. <i>Der Einfluss von Steuern Auf Investitionsentscheidungen Bei Unsicherheit</i>. Wiesbaden; 2013. doi:<a href=\"https://doi.org/10.1007/978-3-663-08348-1\">10.1007/978-3-663-08348-1</a>","chicago":"Sureth, Caren. <i>Der Einfluss von Steuern Auf Investitionsentscheidungen Bei Unsicherheit</i>. Wiesbaden, 2013. <a href=\"https://doi.org/10.1007/978-3-663-08348-1\">https://doi.org/10.1007/978-3-663-08348-1</a>.","ieee":"C. Sureth, <i>Der Einfluss von Steuern auf Investitionsentscheidungen bei Unsicherheit</i>. Wiesbaden, 2013."},"publication_status":"published","publication_identifier":{"isbn":["9783824469741","9783663083481"]},"title":"Der Einfluss von Steuern auf Investitionsentscheidungen bei Unsicherheit","doi":"10.1007/978-3-663-08348-1","date_updated":"2022-01-06T06:52:11Z","date_created":"2019-11-13T14:52:54Z","author":[{"first_name":"Caren","full_name":"Sureth, Caren","last_name":"Sureth"}]},{"date_updated":"2023-01-17T13:51:24Z","date_created":"2023-01-17T13:25:30Z","author":[{"last_name":"Kosi","full_name":"Kosi, Urska","id":"54068","first_name":"Urska"},{"first_name":"Jerney","full_name":"Koren, Jerney","last_name":"Koren"},{"last_name":"Valentincic","full_name":"Valentincic, Aljosa","first_name":"Aljosa"}],"title":"Does Financial Statement Audit Reduce the Cost of Debt of Private Firms?","conference":{"end_date":"2013-05-05","location":"Paris, France","name":"36th Annual Congress of European Accounting Association","start_date":"2013-05-02"},"main_file_link":[{"url":"https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2373987"}],"year":"2013","citation":{"apa":"Kosi, U., Koren, J., &#38; Valentincic, A. (2013). <i>Does Financial Statement Audit Reduce the Cost of Debt of Private Firms?</i> 36th Annual Congress of European Accounting Association, Paris, France.","bibtex":"@inproceedings{Kosi_Koren_Valentincic_2013, title={Does Financial Statement Audit Reduce the Cost of Debt of Private Firms?}, author={Kosi, Urska and Koren, Jerney and Valentincic, Aljosa}, year={2013} }","short":"U. Kosi, J. Koren, A. Valentincic, in: 2013.","mla":"Kosi, Urska, et al. <i>Does Financial Statement Audit Reduce the Cost of Debt of Private Firms?</i> 2013.","chicago":"Kosi, Urska, Jerney Koren, and Aljosa Valentincic. “Does Financial Statement Audit Reduce the Cost of Debt of Private Firms?,” 2013.","ieee":"U. Kosi, J. Koren, and A. Valentincic, “Does Financial Statement Audit Reduce the Cost of Debt of Private Firms?,” presented at the 36th Annual Congress of European Accounting Association, Paris, France, 2013.","ama":"Kosi U, Koren J, Valentincic A. Does Financial Statement Audit Reduce the Cost of Debt of Private Firms? In: ; 2013."},"_id":"37109","department":[{"_id":"635"},{"_id":"186"},{"_id":"551"}],"user_id":"88603","keyword":["private firms","voluntary audit","cost of debt","self-selection bias","lemon problem"],"extern":"1","language":[{"iso":"eng"}],"type":"conference","abstract":[{"text":"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.","lang":"eng"}],"status":"public"},{"status":"public","type":"conference","language":[{"iso":"eng"}],"extern":"1","_id":"37115","user_id":"88603","department":[{"_id":"635"},{"_id":"186"},{"_id":"551"}],"year":"2013","citation":{"ieee":"U. Kosi, A. Florou, and P. F. Pope, “Does Mandatory IFRS Adoption Improve the Credit Relevance of Accounting Information?,” presented at the 9th Workshop on European Financial Reporting, Valencia, Spain, 2013.","chicago":"Kosi, Urska, Annita Florou, and Peter F.  Pope. “Does Mandatory IFRS Adoption Improve the Credit Relevance of Accounting Information?,” 2013.","ama":"Kosi U, Florou A, Pope PF. Does Mandatory IFRS Adoption Improve the Credit Relevance of Accounting Information? In: ; 2013.","apa":"Kosi, U., Florou, A., &#38; Pope, P. F. (2013). <i>Does Mandatory IFRS Adoption Improve the Credit Relevance of Accounting Information?</i> 9th Workshop on European Financial Reporting, Valencia, Spain.","short":"U. Kosi, A. Florou, P.F. Pope, in: 2013.","mla":"Kosi, Urska, et al. <i>Does Mandatory IFRS Adoption Improve the Credit Relevance of Accounting Information?</i> 2013.","bibtex":"@inproceedings{Kosi_Florou_Pope_2013, title={Does Mandatory IFRS Adoption Improve the Credit Relevance of Accounting Information?}, author={Kosi, Urska and Florou, Annita and Pope, Peter F. }, year={2013} }"},"title":"Does Mandatory IFRS Adoption Improve the Credit Relevance of Accounting Information?","conference":{"name":"9th Workshop on European Financial Reporting","start_date":"2013-09-05","end_date":"2013-09-06","location":"Valencia, Spain"},"date_updated":"2023-01-17T13:52:33Z","author":[{"first_name":"Urska","last_name":"Kosi","id":"54068","full_name":"Kosi, Urska"},{"first_name":"Annita","full_name":"Florou, Annita","last_name":"Florou"},{"first_name":"Peter F. ","last_name":"Pope","full_name":"Pope, Peter F. "}],"date_created":"2023-01-17T13:52:28Z"},{"extern":"1","language":[{"iso":"eng"}],"_id":"3549","user_id":"54068","department":[{"_id":"551"},{"_id":"186"},{"_id":"635"}],"abstract":[{"text":"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.","lang":"eng"}],"status":"public","type":"journal_article","publication":"European Accounting Review","title":"Write-offs and profitability in private firms: Disentangling the impact of tax-minimisation incentives","doi":"10.1080/09638180.2012.661938","date_updated":"2023-01-24T15:33:44Z","date_created":"2018-07-12T08:20:29Z","author":[{"id":"54068","full_name":"Kosi, Urska","last_name":"Kosi","first_name":"Urska"},{"first_name":"Aljosa","full_name":"Valentincic, Aljosa","last_name":"Valentincic"}],"volume":22,"year":"2013","citation":{"bibtex":"@article{Kosi_Valentincic_2013, title={Write-offs and profitability in private firms: Disentangling the impact of tax-minimisation incentives}, volume={22}, DOI={<a href=\"https://doi.org/10.1080/09638180.2012.661938\">10.1080/09638180.2012.661938</a>}, number={1}, journal={European Accounting Review}, author={Kosi, Urska and Valentincic, Aljosa}, year={2013}, pages={117–150} }","mla":"Kosi, Urska, and Aljosa Valentincic. “Write-Offs and Profitability in Private Firms: Disentangling the Impact of Tax-Minimisation Incentives.” <i>European Accounting Review</i>, vol. 22, no. 1, 2013, pp. 117–50, doi:<a href=\"https://doi.org/10.1080/09638180.2012.661938\">10.1080/09638180.2012.661938</a>.","short":"U. Kosi, A. Valentincic, European Accounting Review 22 (2013) 117–150.","apa":"Kosi, U., &#38; Valentincic, A. (2013). Write-offs and profitability in private firms: Disentangling the impact of tax-minimisation incentives. <i>European Accounting Review</i>, <i>22</i>(1), 117–150. <a href=\"https://doi.org/10.1080/09638180.2012.661938\">https://doi.org/10.1080/09638180.2012.661938</a>","ama":"Kosi U, Valentincic A. Write-offs and profitability in private firms: Disentangling the impact of tax-minimisation incentives. <i>European Accounting Review</i>. 2013;22(1):117-150. doi:<a href=\"https://doi.org/10.1080/09638180.2012.661938\">10.1080/09638180.2012.661938</a>","ieee":"U. Kosi and A. Valentincic, “Write-offs and profitability in private firms: Disentangling the impact of tax-minimisation incentives,” <i>European Accounting Review</i>, vol. 22, no. 1, pp. 117–150, 2013, doi: <a href=\"https://doi.org/10.1080/09638180.2012.661938\">10.1080/09638180.2012.661938</a>.","chicago":"Kosi, Urska, and Aljosa Valentincic. “Write-Offs and Profitability in Private Firms: Disentangling the Impact of Tax-Minimisation Incentives.” <i>European Accounting Review</i> 22, no. 1 (2013): 117–50. <a href=\"https://doi.org/10.1080/09638180.2012.661938\">https://doi.org/10.1080/09638180.2012.661938</a>."},"intvolume":"        22","page":"117-150","publication_status":"published","issue":"1"},{"year":"2013","citation":{"bibtex":"@inproceedings{Florou_Kosi_2013, title={Does mandatory IFRS adoption facilitate debt financing? }, author={Florou, Annita and Kosi, Urska}, year={2013} }","mla":"Florou, Annita, and Urska Kosi. <i>Does Mandatory IFRS Adoption Facilitate Debt Financing? </i>. 2013.","short":"A. Florou, U. Kosi, in: 2013.","apa":"Florou, A., &#38; Kosi, U. (2013). <i>Does mandatory IFRS adoption facilitate debt financing? </i>. FACTS-Forschungswerkstatt, Berlin, Germany.","ama":"Florou A, Kosi U. Does mandatory IFRS adoption facilitate debt financing? . In: ; 2013.","ieee":"A. Florou and U. Kosi, “Does mandatory IFRS adoption facilitate debt financing? ,” presented at the FACTS-Forschungswerkstatt, Berlin, Germany, 2013.","chicago":"Florou, Annita, and Urska Kosi. “Does Mandatory IFRS Adoption Facilitate Debt Financing? ,” 2013."},"date_updated":"2023-01-24T15:34:43Z","author":[{"first_name":"Annita","last_name":"Florou","full_name":"Florou, Annita"},{"first_name":"Urska","full_name":"Kosi, Urska","id":"54068","last_name":"Kosi"}],"date_created":"2023-01-17T13:28:19Z","title":"Does mandatory IFRS adoption facilitate debt financing? ","conference":{"location":"Berlin, Germany","name":"FACTS-Forschungswerkstatt","start_date":"2013-01-07"},"type":"conference","status":"public","_id":"37110","department":[{"_id":"635"},{"_id":"186"},{"_id":"551"}],"user_id":"54068","language":[{"iso":"eng"}],"extern":"1"},{"department":[{"_id":"187"},{"_id":"635"}],"user_id":"21222","_id":"5045","status":"public","type":"journal_article","doi":"10.1080/09638180.2012.682781","volume":22,"author":[{"first_name":"Rainer","last_name":"Niemann","full_name":"Niemann, Rainer"},{"orcid":" 0000-0002-8183-5901","last_name":"Sureth-Sloane","id":"530","full_name":"Sureth-Sloane, Caren","first_name":"Caren"}],"date_updated":"2023-01-31T12:13:03Z","page":"367-390","intvolume":"        22","citation":{"bibtex":"@article{Niemann_Sureth-Sloane_2013, title={Sooner or Later? – Paradoxical Investment Effects of Capital Gains Taxation under Simultaneous Investment and Abandonment Flexibility}, volume={22}, DOI={<a href=\"https://doi.org/10.1080/09638180.2012.682781\">10.1080/09638180.2012.682781</a>}, number={2}, journal={European Accounting Review}, publisher={Informa UK Limited}, author={Niemann, Rainer and Sureth-Sloane, Caren}, year={2013}, pages={367–390} }","short":"R. Niemann, C. Sureth-Sloane, European Accounting Review 22 (2013) 367–390.","mla":"Niemann, Rainer, and Caren Sureth-Sloane. “Sooner or Later? – Paradoxical Investment Effects of Capital Gains Taxation under Simultaneous Investment and Abandonment Flexibility.” <i>European Accounting Review</i>, vol. 22, no. 2, Informa UK Limited, 2013, pp. 367–90, doi:<a href=\"https://doi.org/10.1080/09638180.2012.682781\">10.1080/09638180.2012.682781</a>.","apa":"Niemann, R., &#38; Sureth-Sloane, C. (2013). Sooner or Later? – Paradoxical Investment Effects of Capital Gains Taxation under Simultaneous Investment and Abandonment Flexibility. <i>European Accounting Review</i>, <i>22</i>(2), 367–390. <a href=\"https://doi.org/10.1080/09638180.2012.682781\">https://doi.org/10.1080/09638180.2012.682781</a>","ama":"Niemann R, Sureth-Sloane C. Sooner or Later? – Paradoxical Investment Effects of Capital Gains Taxation under Simultaneous Investment and Abandonment Flexibility. <i>European Accounting Review</i>. 2013;22(2):367-390. doi:<a href=\"https://doi.org/10.1080/09638180.2012.682781\">10.1080/09638180.2012.682781</a>","ieee":"R. Niemann and C. Sureth-Sloane, “Sooner or Later? – Paradoxical Investment Effects of Capital Gains Taxation under Simultaneous Investment and Abandonment Flexibility,” <i>European Accounting Review</i>, vol. 22, no. 2, pp. 367–390, 2013, doi: <a href=\"https://doi.org/10.1080/09638180.2012.682781\">10.1080/09638180.2012.682781</a>.","chicago":"Niemann, Rainer, and Caren Sureth-Sloane. “Sooner or Later? – Paradoxical Investment Effects of Capital Gains Taxation under Simultaneous Investment and Abandonment Flexibility.” <i>European Accounting Review</i> 22, no. 2 (2013): 367–90. <a href=\"https://doi.org/10.1080/09638180.2012.682781\">https://doi.org/10.1080/09638180.2012.682781</a>."},"publication_identifier":{"issn":["0963-8180","1468-4497"]},"publication_status":"published","language":[{"iso":"eng"}],"publication":"European Accounting Review","title":"Sooner or Later? – Paradoxical Investment Effects of Capital Gains Taxation under Simultaneous Investment and Abandonment Flexibility","date_created":"2018-10-30T13:53:32Z","publisher":"Informa UK Limited","year":"2013","issue":"2","quality_controlled":"1"},{"type":"journal_article","publication":"Steuer und Wirtschaft","status":"public","_id":"5048","user_id":"21222","department":[{"_id":"187"},{"_id":"635"}],"language":[{"iso":"ger"}],"quality_controlled":"1","issue":"4","year":"2013","citation":{"chicago":"Vollert, Pia, Carolin Eikel, and Caren Sureth-Sloane. “Advance Pricing Agreements (APAs) als Instrument zur Vermeidung von Verrechnungspreiskonflikten – eine kritische Betrachtung.” <i>Steuer und Wirtschaft</i> 90, no. 4 (2013): 367–79.","ieee":"P. Vollert, C. Eikel, and C. Sureth-Sloane, “Advance Pricing Agreements (APAs) als Instrument zur Vermeidung von Verrechnungspreiskonflikten – eine kritische Betrachtung,” <i>Steuer und Wirtschaft</i>, vol. 90, no. 4, pp. 367–379, 2013.","mla":"Vollert, Pia, et al. “Advance Pricing Agreements (APAs) als Instrument zur Vermeidung von Verrechnungspreiskonflikten – eine kritische Betrachtung.” <i>Steuer und Wirtschaft</i>, vol. 90, no. 4, 2013, pp. 367–79.","bibtex":"@article{Vollert_Eikel_Sureth-Sloane_2013, title={Advance Pricing Agreements (APAs) als Instrument zur Vermeidung von Verrechnungspreiskonflikten – eine kritische Betrachtung}, volume={90}, number={4}, journal={Steuer und Wirtschaft}, author={Vollert, Pia and Eikel, Carolin and Sureth-Sloane, Caren}, year={2013}, pages={367–379} }","short":"P. Vollert, C. Eikel, C. Sureth-Sloane, Steuer und Wirtschaft 90 (2013) 367–379.","ama":"Vollert P, Eikel C, Sureth-Sloane C. Advance Pricing Agreements (APAs) als Instrument zur Vermeidung von Verrechnungspreiskonflikten – eine kritische Betrachtung. <i>Steuer und Wirtschaft</i>. 2013;90(4):367-379.","apa":"Vollert, P., Eikel, C., &#38; Sureth-Sloane, C. (2013). Advance Pricing Agreements (APAs) als Instrument zur Vermeidung von Verrechnungspreiskonflikten – eine kritische Betrachtung. <i>Steuer und Wirtschaft</i>, <i>90</i>(4), 367–379."},"intvolume":"        90","page":"367-379","date_updated":"2023-01-31T12:13:21Z","date_created":"2018-10-30T13:58:31Z","author":[{"first_name":"Pia","last_name":"Vollert","full_name":"Vollert, Pia"},{"full_name":"Eikel, Carolin","last_name":"Eikel","first_name":"Carolin"},{"id":"530","full_name":"Sureth-Sloane, Caren","last_name":"Sureth-Sloane","orcid":" 0000-0002-8183-5901","first_name":"Caren"}],"volume":90,"title":"Advance Pricing Agreements (APAs) als Instrument zur Vermeidung von Verrechnungspreiskonflikten – eine kritische Betrachtung"}]