Die Untersuchung richtet sich auf die Ermittlung der relativen Bedeutung der laufenden und aperiodischen Besteuerung im Entscheidungsprozess der Rechtsformwahl. Unter Vernachlässigung von Planungskosten sollten rationale Steuerpflichtige die Steuerbelastung als ein Entscheidungskriterium bei...

Purpose: The purpose of this paper is to examine how CEO narcissism can be related to the usage of an abnormal optimistic tone in financial disclosures. Drawing on upper echelons theory, this paper suggests a link between CEO characteristics, such as narcissism, and accounting choices, such as...

Purpose: A credit rating, as a single indicator on one consistent scale, is designed as an objective and comparable measure within a credit rating agency (CRA). While research focuses mainly on the comparability of ratings between agencies, this paper additionally questions empirically how CRAs...

Alexander Bassen und Kerstin Lopatta, Universität Hamburg, sind der Ansicht, dass sowohl marktliche als auch regulatorische Maßnahmen das Thema Sustainable Finance in der Coronakrise eher verstärkt haben. Aufgrund der zu erwartenden weiteren Zunahme gesellschaftlicher Risiken und daraus...

This article investigates the moderating effect of political affinity between countries on investors' reactions to the premium in cross‐border acquisitions (CBAs). Based on a sample of 1,183 CBAs between 1999 and 2018, we find that political affinity positively moderates the relationship...

Purpose: This paper aims to hunt for the driving force behind the accrual anomaly and revisit the risk versus mispricing debate. Design/methodology/approach: In sorts of stock returns on abnormal and normal accruals, the authors find that abnormal accruals are the driving force behind the...

Rating agencies strive to assign reliable, objective and comparable credit ratings as an indicator on one consistent scale. We test empirically how rating agencies meet their promise of providing objective and comparable assessments of credit risk of an issuer and thus creditworthiness. Logistic...

We use a hand-collected sample of roughly 300 international firms included in leading stock-market indices in ten countries to investigate how firms' reporting practices during the coronavirus (COVID-19) pandemic impact stock market reactions in term of stock performance and risk. For this, we...

In corporate governance literature, the focus often lies on ex-post mechanisms like the composition of the board of directors or ownership structure and their impact on restricting earnings manipulation (García-Meca & Sánchez-Ballesta, 2009). In addition to that a recent string of literature...