---
_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
last_name: Kosi
- 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: 2026-06-22T11:37:47Z
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: '54068'
volume: 109
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
last_name: Kosi
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: 2026-06-22T11:36:07Z
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: '54068'
year: '2026'
...
---
_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
last_name: Kosi
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: 2026-06-29T09:54:57Z
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: '95496'
year: '2026'
...
---
_id: '65896'
author:
- first_name: Dennis
full_name: Böing, Dennis
last_name: Böing
- first_name: Urska
full_name: Kosi, Urska
last_name: Kosi
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: 2026-06-29T10:17:40Z
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: '95496'
year: '2026'
...
---
_id: '66347'
author:
- first_name: Mahdi
full_name: Rahali, Mahdi
id: '80161'
last_name: Rahali
- first_name: Urska
full_name: Kosi, Urska
last_name: Kosi
- 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: 2026-07-08T07:16:32Z
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: '80161'
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
last_name: Kosi
- 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: 2026-06-29T09:52:55Z
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: '95496'
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
last_name: Kosi
- 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: 2026-06-22T11:38:34Z
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: '54068'
volume: 32
year: '2024'
...
---
_id: '35097'
author:
- first_name: Michael
full_name: Ebert, Michael
id: '42419'
last_name: Ebert
- first_name: Ulrich
full_name: Schäfer, Ulrich
last_name: Schäfer
- first_name: Georg Thomas
full_name: Schneider, Georg Thomas
last_name: Schneider
citation:
ama: Ebert M, Schäfer U, Schneider GT. Information Leaks and Voluntary Disclosure.;
2022. doi:10.2139/ssrn.4168084
apa: Ebert, M., Schäfer, U., & Schneider, G. T. (2022). Information Leaks
and Voluntary Disclosure. https://doi.org/10.2139/ssrn.4168084
bibtex: '@book{Ebert_Schäfer_Schneider_2022, title={Information Leaks and Voluntary
Disclosure}, DOI={10.2139/ssrn.4168084},
author={Ebert, Michael and Schäfer, Ulrich and Schneider, Georg Thomas}, year={2022}
}'
chicago: Ebert, Michael, Ulrich Schäfer, and Georg Thomas Schneider. Information
Leaks and Voluntary Disclosure, 2022. https://doi.org/10.2139/ssrn.4168084.
ieee: M. Ebert, U. Schäfer, and G. T. Schneider, Information Leaks and Voluntary
Disclosure. 2022.
mla: Ebert, Michael, et al. Information Leaks and Voluntary Disclosure. 2022,
doi:10.2139/ssrn.4168084.
short: M. Ebert, U. Schäfer, G.T. Schneider, Information Leaks and Voluntary Disclosure,
2022.
date_created: 2023-01-02T10:24:15Z
date_updated: 2023-01-12T08:59:19Z
department:
- _id: '186'
- _id: '190'
- _id: '635'
doi: 10.2139/ssrn.4168084
language:
- iso: eng
publication_identifier:
issn:
- 1556-5068
publication_status: published
status: public
title: Information Leaks and Voluntary Disclosure
type: working_paper
user_id: '42419'
year: '2022'
...
---
_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: '22221'
author:
- first_name: Maximilian
full_name: Blankenfeldt, Maximilian
last_name: Blankenfeldt
- first_name: Jens
full_name: Müller, Jens
id: '1245'
last_name: Müller
- first_name: Arndt
full_name: Weinrich, Arndt
id: '72091'
last_name: Weinrich
orcid: 0000-0002-3983-0269
citation:
ama: 'Blankenfeldt M, Müller J, Weinrich A. Forschung und Entwicklung: Kriterien
für die Aktivierung in der Unternehmenspraxis. In: Vögele A, ed. Intangibles
- Immaterielle Werte. 2nd ed. C.H.Beck; 2021.'
apa: 'Blankenfeldt, M., Müller, J., & Weinrich, A. (2021). Forschung und Entwicklung:
Kriterien für die Aktivierung in der Unternehmenspraxis. In A. Vögele (Ed.), Intangibles
- Immaterielle Werte (2nd ed.). C.H.Beck.'
bibtex: '@inbook{Blankenfeldt_Müller_Weinrich_2021, place={München}, edition={2},
title={Forschung und Entwicklung: Kriterien für die Aktivierung in der Unternehmenspraxis},
booktitle={Intangibles - Immaterielle Werte}, publisher={C.H.Beck}, author={Blankenfeldt,
Maximilian and Müller, Jens and Weinrich, Arndt}, editor={Vögele, Alexander},
year={2021} }'
chicago: 'Blankenfeldt, Maximilian, Jens Müller, and Arndt Weinrich. “Forschung
und Entwicklung: Kriterien für die Aktivierung in der Unternehmenspraxis.” In
Intangibles - Immaterielle Werte, edited by Alexander Vögele, 2nd ed. München:
C.H.Beck, 2021.'
ieee: 'M. Blankenfeldt, J. Müller, and A. Weinrich, “Forschung und Entwicklung:
Kriterien für die Aktivierung in der Unternehmenspraxis,” in Intangibles -
Immaterielle Werte, 2nd ed., A. Vögele, Ed. München: C.H.Beck, 2021.'
mla: 'Blankenfeldt, Maximilian, et al. “Forschung und Entwicklung: Kriterien für
die Aktivierung in der Unternehmenspraxis.” Intangibles - Immaterielle Werte,
edited by Alexander Vögele, 2nd ed., C.H.Beck, 2021.'
short: 'M. Blankenfeldt, J. Müller, A. Weinrich, in: A. Vögele (Ed.), Intangibles
- Immaterielle Werte, 2nd ed., C.H.Beck, München, 2021.'
date_created: 2021-05-24T10:26:53Z
date_updated: 2022-01-06T06:55:29Z
department:
- _id: '186'
- _id: '189'
- _id: '635'
edition: '2'
editor:
- first_name: Alexander
full_name: Vögele, Alexander
last_name: Vögele
language:
- iso: ger
place: München
publication: Intangibles - Immaterielle Werte
publication_identifier:
isbn:
- 978-3-406-71601-0
publication_status: published
publisher: C.H.Beck
status: public
title: 'Forschung und Entwicklung: Kriterien für die Aktivierung in der Unternehmenspraxis'
type: book_chapter
user_id: '72091'
year: '2021'
...
---
_id: '17514'
abstract:
- lang: eng
text: This paper introduces an index that captures the complexity of countries’
corporate income tax systems faced by multinational corporations. It is based
on surveys of highly experienced tax consultants of the largest international
tax services networks. The index, called the Tax Complexity Index (TCI), is composed
of a tax code subindex covering tax regulations and a tax framework subindex covering
tax processes and features. For a sample of 100 countries for the year 2016, we
find that the level of tax complexity varies considerably across countries, while
tax code and framework complexity also vary within countries. From a global perspective,
tax complexity is strongly driven by the complexity of both transfer pricing regulations
in the tax code and tax audits in the tax framework. When analyzing the associations
with other country characteristics, we identify different correlation patterns.
For example, tax framework complexity is negatively associated with countries’
governance, suggesting that strongly governed countries tend to have less complex
tax frameworks, while tax code complexity is positively associated with the statutory
tax rate, indicating that high-tax countries tend to have more complex tax codes.
However, none of the observed associa-tions are very strong. We conclude that
tax complexity represents a distinct country charac-teristic and propose the use
of our TCI and its subindices in future research.
author:
- first_name: Thomas
full_name: Hoppe, Thomas
id: '22671'
last_name: Hoppe
- first_name: Debora
full_name: Schanz, Debora
last_name: Schanz
- first_name: Susann
full_name: Sturm, Susann
last_name: Sturm
- first_name: Caren
full_name: Sureth-Sloane, Caren
id: '530'
last_name: Sureth-Sloane
orcid: ' 0000-0002-8183-5901'
citation:
ama: Hoppe T, Schanz D, Sturm S, Sureth-Sloane C. The Tax Complexity Index –
A Survey-Based Country Measure of Tax Code and Framework Complexity.; 2021.
doi:10.2139/ssrn.3469663
apa: Hoppe, T., Schanz, D., Sturm, S., & Sureth-Sloane, C. (2021). The Tax
Complexity Index – A Survey-Based Country Measure of Tax Code and Framework Complexity.
https://doi.org/10.2139/ssrn.3469663
bibtex: '@book{Hoppe_Schanz_Sturm_Sureth-Sloane_2021, series={TRR 266 Accounting
for Transparency Working Paper Series No. 5}, title={The Tax Complexity Index
– A Survey-Based Country Measure of Tax Code and Framework Complexity}, DOI={10.2139/ssrn.3469663}, author={Hoppe,
Thomas and Schanz, Debora and Sturm, Susann and Sureth-Sloane, Caren}, year={2021},
collection={TRR 266 Accounting for Transparency Working Paper Series No. 5} }'
chicago: Hoppe, Thomas, Debora Schanz, Susann Sturm, and Caren Sureth-Sloane. The
Tax Complexity Index – A Survey-Based Country Measure of Tax Code and Framework
Complexity. TRR 266 Accounting for Transparency Working Paper Series No. 5,
2021. https://doi.org/10.2139/ssrn.3469663.
ieee: T. Hoppe, D. Schanz, S. Sturm, and C. Sureth-Sloane, The Tax Complexity
Index – A Survey-Based Country Measure of Tax Code and Framework Complexity.
2021.
mla: Hoppe, Thomas, et al. The Tax Complexity Index – A Survey-Based Country
Measure of Tax Code and Framework Complexity. 2021, doi:10.2139/ssrn.3469663.
short: T. Hoppe, D. Schanz, S. Sturm, C. Sureth-Sloane, The Tax Complexity Index
– A Survey-Based Country Measure of Tax Code and Framework Complexity, 2021.
date_created: 2020-07-31T10:58:34Z
date_updated: 2024-04-08T11:28:56Z
department:
- _id: '635'
doi: 10.2139/ssrn.3469663
language:
- iso: eng
main_file_link:
- open_access: '1'
url: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3469663
oa: '1'
series_title: TRR 266 Accounting for Transparency Working Paper Series No. 5
status: public
title: The Tax Complexity Index – A Survey-Based Country Measure of Tax Code and Framework
Complexity
type: working_paper
user_id: '530'
year: '2021'
...
---
_id: '36077'
author:
- first_name: Thomas
full_name: Hoppe, Thomas
id: '22671'
last_name: Hoppe
- first_name: Jens
full_name: Müller, Jens
id: '1245'
last_name: Müller
- first_name: Katharina
full_name: Wittek, Katharina
id: '69169'
last_name: Wittek
- first_name: Arndt
full_name: Weinrich, Arndt
id: '72091'
last_name: Weinrich
orcid: 0000-0002-3983-0269
citation:
ama: Hoppe T, Müller J, Wittek K, Weinrich A. Eine ökonomische Einordnung des öffentlichen
Country-by-Country Reporting in der EU. iStR. Published online 2021.
apa: Hoppe, T., Müller, J., Wittek, K., & Weinrich, A. (2021). Eine ökonomische
Einordnung des öffentlichen Country-by-Country Reporting in der EU. IStR.
bibtex: '@article{Hoppe_Müller_Wittek_Weinrich_2021, title={Eine ökonomische Einordnung
des öffentlichen Country-by-Country Reporting in der EU}, journal={iStR}, author={Hoppe,
Thomas and Müller, Jens and Wittek, Katharina and Weinrich, Arndt}, year={2021}
}'
chicago: Hoppe, Thomas, Jens Müller, Katharina Wittek, and Arndt Weinrich. “Eine
Ökonomische Einordnung Des Öffentlichen Country-by-Country Reporting in Der EU.”
IStR, 2021.
ieee: T. Hoppe, J. Müller, K. Wittek, and A. Weinrich, “Eine ökonomische Einordnung
des öffentlichen Country-by-Country Reporting in der EU,” iStR, 2021.
mla: Hoppe, Thomas, et al. “Eine Ökonomische Einordnung Des Öffentlichen Country-by-Country
Reporting in Der EU.” IStR, 2021.
short: T. Hoppe, J. Müller, K. Wittek, A. Weinrich, IStR (2021).
date_created: 2023-01-11T12:07:19Z
date_updated: 2026-02-04T07:12:03Z
department:
- _id: '635'
- _id: '189'
language:
- iso: eng
publication: iStR
status: public
title: Eine ökonomische Einordnung des öffentlichen Country-by-Country Reporting in
der EU
type: journal_article
user_id: '83776'
year: '2021'
...
---
_id: '65864'
author:
- first_name: Joachim
full_name: Gassen, Joachim
last_name: Gassen
- first_name: Urska
full_name: Kosi, Urska
last_name: Kosi
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: 2026-06-22T11:38:47Z
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: '54068'
year: '2021'
...
---
_id: '35089'
author:
- first_name: Michael
full_name: Ebert, Michael
id: '42419'
last_name: Ebert
- first_name: Joseph (Jay) B.
full_name: Kadane, Joseph (Jay) B.
last_name: Kadane
- first_name: Dirk
full_name: Simons, Dirk
last_name: Simons
- first_name: Jack Douglas
full_name: Stecher, Jack Douglas
last_name: Stecher
citation:
ama: Ebert M, Kadane J (Jay) B, Simons D, Stecher JD. Information Design in Coordination
Games with Risk Dominant Equilibrium Selection.; 2020. doi:10.2139/ssrn.3564451
apa: Ebert, M., Kadane, J. (Jay) B., Simons, D., & Stecher, J. D. (2020). Information
Design in Coordination Games with Risk Dominant Equilibrium Selection. https://doi.org/10.2139/ssrn.3564451
bibtex: '@book{Ebert_Kadane_Simons_Stecher_2020, title={Information Design in Coordination
Games with Risk Dominant Equilibrium Selection}, DOI={10.2139/ssrn.3564451},
author={Ebert, Michael and Kadane, Joseph (Jay) B. and Simons, Dirk and Stecher,
Jack Douglas}, year={2020} }'
chicago: Ebert, Michael, Joseph (Jay) B. Kadane, Dirk Simons, and Jack Douglas Stecher.
Information Design in Coordination Games with Risk Dominant Equilibrium Selection,
2020. https://doi.org/10.2139/ssrn.3564451.
ieee: M. Ebert, J. (Jay) B. Kadane, D. Simons, and J. D. Stecher, Information
Design in Coordination Games with Risk Dominant Equilibrium Selection. 2020.
mla: Ebert, Michael, et al. Information Design in Coordination Games with Risk
Dominant Equilibrium Selection. 2020, doi:10.2139/ssrn.3564451.
short: M. Ebert, J. (Jay) B. Kadane, D. Simons, J.D. Stecher, Information Design
in Coordination Games with Risk Dominant Equilibrium Selection, 2020.
date_created: 2023-01-02T10:14:34Z
date_updated: 2023-01-12T09:03:18Z
department:
- _id: '186'
- _id: '190'
- _id: '635'
doi: 10.2139/ssrn.3564451
language:
- iso: eng
publication_identifier:
issn:
- 1556-5068
publication_status: published
status: public
title: Information Design in Coordination Games with Risk Dominant Equilibrium Selection
type: working_paper
user_id: '42419'
year: '2020'
...
---
_id: '14901'
abstract:
- lang: eng
text: 'This study investigates whether country risk factors, including political
and fiscal budget risk, attenuate the effectiveness of tax policy tools that aim
to encourage corporate risk-taking. Exploiting a cross-country panel, we predict
and find that the effectiveness of loss offset rules and tax rate changes is fully
attenuated for firms located in high-risk countries. We document the attenuating
effect of country risk is more pronounced in high-tax countries or when countries
increase their corporate tax rate. Additional tests around the U.S. federal budget
crises from 2011 to 2013 indicate that temporarily heightened fiscal budget risk
attenuates the effectiveness of loss offset rules even in countries with low political
risk. We identify conditions (low political and low fiscal budget risk) under
which targeted tax policy tools effectively stimulate risk-taking. This suggests
that ensuring taxpayers receive tax refunds is important in times of economic
crises with budgetary or political challenges. '
author:
- first_name: Benjamin
full_name: Osswald, Benjamin
last_name: Osswald
- first_name: Caren
full_name: Sureth-Sloane, Caren
id: '530'
last_name: Sureth-Sloane
orcid: ' 0000-0002-8183-5901'
citation:
ama: Osswald B, Sureth-Sloane C. Do Country Risk Factors Attenuate the Effect
of Tax Loss Incentives on Corporate Risk-Taking? TRR 266 Accounting for Transparency
Working Paper Series No. 28; 2020. doi:10.2139/ssrn.3297418
apa: Osswald, B., & Sureth-Sloane, C. (2020). Do Country Risk Factors Attenuate
the Effect of Tax Loss Incentives on Corporate Risk-Taking? TRR 266 Accounting
for Transparency Working Paper Series No. 28. https://doi.org/10.2139/ssrn.3297418
bibtex: '@book{Osswald_Sureth-Sloane_2020, title={Do Country Risk Factors Attenuate
the Effect of Tax Loss Incentives on Corporate Risk-Taking?}, DOI={10.2139/ssrn.3297418},
publisher={TRR 266 Accounting for Transparency Working Paper Series No. 28}, author={Osswald,
Benjamin and Sureth-Sloane, Caren}, year={2020} }'
chicago: Osswald, Benjamin, and Caren Sureth-Sloane. Do Country Risk Factors
Attenuate the Effect of Tax Loss Incentives on Corporate Risk-Taking? TRR
266 Accounting for Transparency Working Paper Series No. 28, 2020. https://doi.org/10.2139/ssrn.3297418.
ieee: B. Osswald and C. Sureth-Sloane, Do Country Risk Factors Attenuate the
Effect of Tax Loss Incentives on Corporate Risk-Taking? TRR 266 Accounting
for Transparency Working Paper Series No. 28, 2020.
mla: Osswald, Benjamin, and Caren Sureth-Sloane. Do Country Risk Factors Attenuate
the Effect of Tax Loss Incentives on Corporate Risk-Taking? TRR 266 Accounting
for Transparency Working Paper Series No. 28, 2020, doi:10.2139/ssrn.3297418.
short: B. Osswald, C. Sureth-Sloane, Do Country Risk Factors Attenuate the Effect
of Tax Loss Incentives on Corporate Risk-Taking?, TRR 266 Accounting for Transparency
Working Paper Series No. 28, 2020.
date_created: 2019-11-13T08:11:55Z
date_updated: 2024-06-18T09:32:32Z
department:
- _id: '187'
- _id: '635'
doi: 10.2139/ssrn.3297418
language:
- iso: eng
main_file_link:
- open_access: '1'
url: https://papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID3628503_code1908122.pdf?abstractid=3297418&mirid=1&type=2
oa: '1'
publication_status: published
publisher: TRR 266 Accounting for Transparency Working Paper Series No. 28
status: public
title: Do Country Risk Factors Attenuate the Effect of Tax Loss Incentives on Corporate
Risk-Taking?
type: working_paper
user_id: '74000'
year: '2020'
...