Country-by-Country Reports (CbCRs) have emerged as a unique public source of information to track the country-by-country activities of multinational corporations. However, concerns about double counting and comparability have raised questions about the reliability of these reports for economic...

Companies are increasingly viewed as crucial drivers for timely decarbonization. Current accounting practices for greenhouse gas (GHG) emissions, however, often leave corporate carbon disclosures and abatement obscured. Here I introduce a taxonomy for assuring the quality of corporate carbon...

This paper analyzes the information quality of the current fair value standard in US-GAAP and IFRS in terms of value relevance and faithful representation. The current standard favors reliable market-based inputs over sometimes more relevant entity-specific inputs as it requires preparers to use...

Fostering green driving has the potential to reduce the high CO2 emissions in the transportation sector. We investigate a German policy reform in 2019 that provided preferential tax treatment for hybrid company cars and evaluate the effectiveness and efficiency of the reform. Using a...

Accounting for nearly 8% of global annual carbon dioxide (CO2) emissions, the cement industry is considered difficult to decarbonize. While a sizeable number of abatement levers for Portland cement production are technologically ready for deployment, many are still viewed as prohibitively...

Biodiversity loss poses a significant threat to the global economy and affects ecosystem services on which most large companies rely heavily. The severe financial implications of such a reduced species diversity have attracted the attention of companies and stakeholders, with numerous calls to...

Using a randomized survey experiment, we investigate how firms’ inflation expectations shape their price setting. We establish that firms fully pass through inflation expectations to prices in times of high inflation, consistent with Calvo pricing. When informed about central bank inflation...

German Abstract: Im Zuge der digitalen Transformation von Wirtschaft und Gesellschaft ergeben sich zunehmend Anwendungsfelder für Ansätze des maschinellen Lernens nicht nur in der Rechnungslegungspraxis, sondern auch in der betriebswirtschaftlichen Forschung auf diesem Gebiet. Der nachfolgende...

Supervisors frequently use formal enforcement tools to intervene in banks’ financial reporting. However, when managers exercise their discretion within the boundaries of accounting rules, supervisors have to turn to soft and informal actions to nudge, rather than force banks to change their...

This paper analyses the relationship between relative income concerns and individual wellbeing in an economy of heterogeneous firm-worker pairs. Specifically, we study incentive contracting under moral hazard when workers compare their earnings with the economy's average wage. At the aggregate...