This paper investigates the impact of outside directors’ and auditors’ monetary incentives on the association between discretionary accounting and managers’ cash bonuses in a two-tier system. For a sample of German stock corporations from 2005 to 2007 we expect and find that outside...

Using as a natural experiment, the German corporate tax rate decrease in 2001, this paper studies the effect of tax accounting incentives on financial statements in a setting where book-tax conformity is strong. We find that companies that generally balance their overall accounting strategy,...

The global financial crisis brought to the fore questions surrounding the scope and quality of the external audit, market concentration and auditor independence. One of the issues currently being considered by the European Commission and European Parliament is mandatory audit firm rotation. The...

Despite the medial importance of activities and practises of corporate leadership, the mechanisms of their transmission and their effects have been neglected in prior literature. The goal of this paper is to develop a communications model that reflects the relation of activities and practises of...

Neben strategischen Entscheidungen gehören wiederkehrende Dispositionen unter Unsicherheit zu jenen Determinanten im betrieblichen Alltag, die den Unternehmenserfolg maßgeblich mitbestimmen. Bezüglich der Frage, ob solche Entscheidungen besser von Einzelpersonen oder Gruppen getroffen werden...

Purpose – The International Accounting Standards Board and the Financial Accounting Standards Board allow fair value measurement of liabilities. Previous findings from the literature on recognition versus disclosure indicate that recognition of fair value information better serves investors'...