Arthur Stenzel
Title
Prof. Dr.
Last Name
Stenzel
First name
Arthur
Email
arthur.stenzel@unisg.ch
Phone
+41 71 224 74 14
Web Site
15 results
Now showing 1 - 10 of 15
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Item type:Publication, Cross-Border Investments in Private Firms: The Benefits of Comparability for Foreign InvestorsWe examine whether the mandated convergence of local German Generally Accepted Accounting Principles with International Financial Reporting Standards (IFRS) increases investment by foreign equity investors in German private firms. Exploiting a large-sample quasi-experimental setting, we document an average foreign ownership increase of 2%–8% in firms affected by the accounting reform compared with our unaffected control firms. Based on our identification strategy, using both the unique setting and accounting system comparability (that is, the comparability of cash flows in the next period), we show that increased comparability can minimize challenges faced by investors in private firms. We also find that those investors more familiar with IFRS benefit more from the increased accounting comparability. In addition, the effect is stronger for firms with higher proprietary costs before the mandatory accounting comparability increase. Our findings are robust to alternative matching procedures and a placebo test. We provide evidence for ongoing discussions on the costs of separate accounting standards for private firms. We show significant benefits when private firms’ accounting becomes more (and not less) comparable to that of public firms.Type:journal articleJournal:Management Science - Some of the metrics are blocked by yourconsent settings
Item type:Publication, - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Key Audit Matters der Swiss Performance-Index-UnternehmenDie Revisionsgesellschaften von börsenkotierten Swiss-Performance-Index-Unternehmen in der Schweiz müssen seit über fünf Jahren in Revisionsberichten die Key Audit Matters (KAM) offenlegen. Dieser Beitrag untersucht den Inhalt von 1760 Schweizer KAM-Berichterstattungen mittels einer Textanalyse.Type:journal articleJournal:Expert FocusVolume:96Issue:8 - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Measuring Corporate Tax Rate and Tax Base Avoidance of U.S. Domestic and U.S. Multinational FirmsType:journal articleJournal:Journal of Accounting and EconomicsVolume:ForthcomingScopus© Citations 29 - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Goodwill-Impairments und Managementwechsel: Eine vergleichende empirische Analyse der DAX- und SMI-Unternehmen.(2020); ; Candreja, MarcType:journal articleJournal:KoR – Zeitschrift für internationale und kapitalmarktorientierte RechnungslegungVolume:1 - Some of the metrics are blocked by yourconsent settings
Item type:Publication, IRS Scrutiny and Corporate Innovation(Wiley, 2020-11); - Some of the metrics are blocked by yourconsent settings
Item type:Publication, - Some of the metrics are blocked by yourconsent settings
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Item type:Publication, Cross-Border Investments in Private Firms: The Benefits and Real Effects of Comparability for Foreign Investors(2023-02-10); ; Kristian AlleeType:conference paper - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Cross-Border Investments in Private Firms: The Benefits and Real Effects of Comparability for Foreign Investors(2022-05-13); Type:conference paper