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 thesis analyzes commodity futures pricing, trading activities in commodity futures contracts and their use for investment strategies. The aim of this thesis is to fill important gaps in the research field of commodity markets and to highlight special characteristics of commodity futures. It...

The level of regulation of disclosure and corporate governance on the national and supranational level has increased substantially in the last decade. With that in mind, and in the light of the demand for evidence-based financial reporting and disclosure regulation (Buijink, 2006; Gassen and...

Diese Dissertation untersucht die Informationsverbreitungs- und -produktionsfunktion der Medien. Die Finanzpresse ist ein wichtiger Informationsintermediär, welcher potentiell die größte und diverseste Zielgruppe unter den Investoren und anderen Stakeholdern erreicht. Folglich hat die Presse...

This dissertation addresses different key elements in portfolio management. It intends to improve and analyze influences on portfolio strategies and their performance. Likewise, it aims at the systematization and extension of benchmark specifications as well as their effect on portfolio...

Bestehende Steuerrechtsordnungen sind in aller Regel durch mangelnde Entscheidungsneutralität der Besteuerung gekennzeichnet, wie sie aus volkswirtschaftlicher Sicht zur Sicherstellung effizienter Ressourcenallokation und aus betriebswirtschaftlicher Sicht zur Vermeidung von...

Die vorliegende Arbeit erforscht Informationsvorteile durch aktuelle Rechnungslegungsregulierung für gelistete Unternehmen anhand dreier Studien. Aus einer breiteren Marktperspektive leistet die Arbeit einen Beitrag zur Erforschung von Informationsvorteilen aus der Einführung eines...

This paper experimentally investigates how fair value measurements of financial instruments affect the decision of nonprofessional investors to invest in a bank’s shares. Specifically, we assess how investors respond to variations in net income resulting from fair value adjustments in trading...

We examine whether a disclosure mandate for greenhouse gas emissions creates stakeholder pressure for firms to subsequently reduce their emissions. For UK-incorporated listed firms such a mandate was adopted in 2013. Using a difference-in-differences design, we find that firms affected by the...