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Let's talk strategy: the impact of voluntary strategy disclosure on the cost of equity capital

Sieber, Tom; Weißenberger, Barbara E.; Oberdörster, … - In: Business Research 7 (2014) 2, pp. 263-312

This paper deals with the impact of voluntary strategy disclosure in management reports on the cost of equity capital …. Such an impact is not obvious, as investors might consider strategy information as 'cheap talk' and therefore ignore it. We … analyze a sample of 100 German listed firms from 2002 to 2008, measuring strategy disclosure levels using hand …

Persistent link: https://www.econbiz.de/10010435809

Impacts of contingency factors on the application of strategic management accounting in Vietnamese manufacturing enterprises

Nguyen, Thu Hien; Nguyen, Dao Tung; Nguyen, Tuan Anh; … - In: Cogent Business & Management 10 (2023) 2, pp. 1-28

's technology, business strategy, and perception of market instability positively influence the application of SMA in Vietnamese …

Persistent link: https://www.econbiz.de/10014527797

Pleading for the management controller profession in the trade area

Dumitrana, Mihaela; Glăvan, Mariana; Dumitru, Mădălina - In: Amfiteatru Economic Journal 11 (2009) 25, pp. 91-102

Generalizing a reflection on strategy and controlling within the Romanian companies is rather recent. The environment … management control has to assure the coherence between the adopted strategy (where the company in the trade domain wants to go …

Persistent link: https://www.econbiz.de/10011724684

Hidden action, identification, and organization design

Schnedler, Wendelin - 2010

Incentives often fail in inducing economic agents to engage in a desirable activity; implementability is restricted. What restricts implementability? When does re-organization help to overcome this restriction? This paper shows that any restriction of implementability is caused by an...

Persistent link: https://www.econbiz.de/10010278365

The valuation implications of sales growth in start-up ventures

Gavious, Ilanit; Schwartz, Dafna - In: The Journal of Entrepreneurial Finance and Business Ventures 13 (2009) 2, pp. 1-24

We examine whether and how investors' reliance on financial information is affected by the rate of sales growth of a start-up venture. We find that investors discern between firms by the extent to which their products are adopted by the market. For firms that failed to increase their sales since...

Persistent link: https://www.econbiz.de/10010281057

Intended and unintended consequences of mandatory IFRS adoption: A review of extant evidence and suggestions for future research

Brüggemann, Ulf; Hitz, Jörg-Markus; Sellhorn, Thorsten - 2012

This paper discusses empirical evidence on the economic consequences of mandatory adoption of International Financial Reporting Standards (IFRS) in the European Union (EU) and provides suggestions on how future research can add to our understanding of these effects. Based on the explicitly...

Persistent link: https://www.econbiz.de/10010281486

Mandatory IFRS adoption and accounting comparability

Cascino, Stefano; Gassen, Joachim - 2010

The adoption of IFRS by many countries worldwide fuels the expectation that financial accounting might become more comparable across countries. This expectation is opposed to an alternative view that stresses the importance of incentives in shaping accounting information. We provide early...

Persistent link: https://www.econbiz.de/10010281527

Comparability effects of mandatory IFRS adoption

Cascino, Stefano; Gassen, Joachim - 2012

The mandatory adoption of IFRS by many countries worldwide fuels the expectation that financial accounting information might become more comparable across countries. This expectation is opposed to an alternative view that stresses the importance of incentives in shaping accounting information....

Persistent link: https://www.econbiz.de/10010281535

Fair value reclassifications of financial assets during the financial crisis

Bischof, Jannis; Brüggemann, Ulf; Daske, Holger - 2012

At the peak of the financial crisis in October 2008, the IASB amended IAS 39 to grant companies the option of abandoning fair value recognition for selected financial assets. Using a comprehensive global sample of publicly listed IFRS banks, we find that banks use the reclassification option to...

Persistent link: https://www.econbiz.de/10010281555

Pension accounting and corporate earnings: The world according to GAAP

Fortune, Peter - 2005

This study's underlying premise is that current pension plan accounting has two important negative effects. First, it distorts the measurement of earnings and net worth in the short run, as well as the pattern of earnings over future periods. Second, this distortion can send incorrect signals to...

Persistent link: https://www.econbiz.de/10010282763