Key audit matters (KAM) are supposed to enhance the informational value of the audit report. Since the audit report is the primary communication channel between the auditor and the financial statement users, understanding the determinants of KAM disclosure is crucial. Our cross-country study...

This study investigates if and how the influence of compensation interdependence on risk-taking depends on mutual monitoring of risky investment decisions. We argue that individuals under compensation interdependence have a behavioral incentive for higher risk-taking if mutual monitoring is...

This paper investigates whether and how social-psychological mechanisms, namely reciprocity, demographic similarity, and similar experiences, affect CEO compensation packages with respect to the levels of total, fixed, and short- and mid-term compensation and the variable proportion of the...

Die Vergütung von Vorstandsmitgliedern börsennotierte Unternehmen ist in den vergangenen Jahren vermehrt in den Fokus des öffentlichen Interesses gerückt. Kritisch werden vor allem die unangemessen hoch betrachteten Vorstandsvergütungen in Krisenzeiten gesehen....

Prior research demonstrates that relative performance information affects effort and performance. However, little is known about the qualitative design parameters of these information systems. This study examines, via an experiment, how adding performance category labels to ranks (e.g.,...

In this paper, we analyze the qualitative and quantitative differences and similarities between two prominent sustainability datasets, namely, the sustainability ratings developed by MSCI ESG KLD STATS (formerly known as KLD) and Thomson Reuters ESG (formerly known as ASSET4). We find...

Comparable valuation is one of the most widespread valuation techniques in practice. In order to compute a representative comparable for a peer group, three decisions need to be made. A value indicator, a time horizon for the value, and a compression method to aggregate all comparables of a peer...

Prior research demonstrates that relative performance information affects effort and performance. However, little is known about the qualitative design parameters of these information systems. This study examines, via an experiment, how adding performance category labels to ranks (e.g.,...