Skip to main content

Research Projects

Corporate Disclosure gradually removes from national regulatory approaches. This becomes visible in wider dissemination of international accounting rules, the IFRS. In countries with formerly strong influence by the government this influence declines. At the same time, countries with formerly low influence experience a stronger role by the government. These developments result in a convergent solution with transnational, partly supranational arrangements and  

 

Empirical Capital Market research is a key element of current accounting research. Its focus is on the relation of capital markets and financial statements. The relevance of this research subject is the result of Fundamental Analysis and Valuation, Market Efficiency Tests and the role of financial statements for signing contracts and in political processes. Main topics of our capital market research is Fundamental Analysis and Valuation, Earnings Management, Value Relevance of financial statements and Corporate Governance. 

The recognition of insurance contracts in accordance with IFRS and German-GAAP is one of the most complex issues of Accounting. In 2017, the IASB introduced IFRS 17 Insurance Contracts that specifies new principles for recognition, measurement, presentation and disclosure. The chair monitors the development of new accounting standards regarding insurance contracts and analyze its practical implementation.  

Corporate Governance describes rules of controlling and directing companies. Nowadays there exist a wide range of codes for leading a company. Within the scope of this research topic we examine whether and to what extent these codes have influence on firm performance at capital markets. 

The focus of this research topic is on assessing cost effects resulting from trading with emission certificates for CO2 and to what extent this affects decision-making of companies. On the one hand, these rights have to be included into cost accounting. On the other hand, issues of recognizing these rights in the balance sheet arise which can lead to higher capital costs and lower market valuation of these companies. This may result in adverse economical effects. Therefore, our chair develops proposals for reducing costs of certificate trading. 

 

The Political Economy of Accounting deals with the formation and development of accounting rules in consideration of the complex interests of social actors. The conjecture is that accounting is neither a technical nor a neutral discipline but rather has different effects, depending on its design, on the welfare of the individual stakeholders. Therefore, an accounting information produced by the prevalent accounting system can have intersubjectively a different value depending on decision and preference of the individual.