On the background of regulatory initiatives that mandate the establishment of comparable enforcement systems in EU jurisdictions to ascertain consistent and faithful application of IFRS, this paper provides capital market based evidence on investor reactions for one specific institutional setup:...

Based on four empirical studies, this thesis investigates the interrelation of corporate governance, information intermediation, and earnings management. First, the thesis complements the discussion initiated by the European Securities and Market Authorities about the role of proxy advisors at...

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...

This paper analyzes the determinants and consequences of using a new option under IFRS to reclassify financial instruments from fair value categories to categories measured at cost or amortized cost. Many critics blamed fair value accounting as a reason or at least a catalyst of the ongoing...