Die vorliegende Dissertation untersucht, in welcher Form lokal entwickelte Corporate Governance Kodizes und Best Practices aus der Industrie zur Entwicklung der Nachhaltigkeitsberichterstattung (NB) in Südafrika, Mauritius und Kenia beitrugen. In der Vergangenheit wurde zwar die Notwendigkeit...

Based on signaling theory, we examine the role of external reviews during the life-cycle of corporate green bonds. We focus on (1) whether investment greenness is related to external review upon issuing a green bond and (2) whether disclosure quality is positively associated with the assurance...

The highlights section in the annual report provides an opportunity for firms to emphasize specific performance measures and sets the tone for the rest of the annual report. Based on a sample of the top 200 Australian firms, we find that companies rely on non-IFRS earnings to supplement...

Organizations rely on accountability systems and transparency for decision-making and strategy implementation. Based on qualitative field data from multiple case studies, and quantitative survey data on senior executives, this thesis contributes to prior research on accountability system design...

Based on the notion that the effects of IFRS adoption are dependent on changes in the institutional environment, this paper analyses the effects of one prominent feature of IFRS: the accounting for research and development (R&D) under IAS 38. In our setting, IFRS adoption is accompanied by a...

We study the consequences of implementing and communicating Value Based Management (VBM) systems on information asymmetries and the cost of capital. We analyse the firms' reporting on internal control systems as the source of information for market participants. In addition, literature posits...

This paper analyzes the consequences of the capitalization of development expenditures under IAS 38 on analysts' earnings forecasts. We use unique hand-collected data in a sample of highly research and development (R&D) intensive German listed firms over the period 2000 to 2007. We find that the...

We analyze the trade-off between the benefits of signaling and the distortions from opportunistic earnings management resulting from the discretionary capitalization of Research amp; Development (Ramp;D) expenditures. The latter can be used by managers to signal private information to the...

In this paper, we examine the benefits of accounting comparability for cross-border investments in private firms. Exploiting a quasi-experimental setting we examine the real effect of an increase in accounting comparability using a difference-in-differences research design. We find that the...

This paper analyzes the capitalization of Research & Development (R&D) expenditures under IFRS. Discretionary R&D capitalization can be exercised by managers to signal private information on future economic benefits to the market. It can, however, also serve as opportunistic earnings management....