Market-Based Research in International Accounting, Part I


Prof. Dr. Luzi Hail (Wharton School, University of Pennsylvania)

Course Coordinator Dr. Peter Steffen Schmidt
Lecture ID 03SMDOEC0463
Category Doctoral Seminar
Language English
Credits 3 ECTS
Course of Studies Doctorate in Business and Economics

DOEC13ABC: Core elective area in Banking and Finance (Tracks A, B, C)

DOEC13ABC: Core elective area in Business Administration (Tracks A, B, C)

DOEC13ABC: Core elective area in Management and Economics (Tracks A, B, C)

DOEC13A: Wahlpflichtbereich Volkswirtschaftslehre (Track A)

  • capital cost calculation
  • oral presentation
  • presence and active participtation during the seminar
Date / Time / Room
 Date Time  Room
 19.10.2022  08:00 - 18:00  KOL-G-222


 08:00 - 18:00  KOL-G-212


 08:00 - 18:00  SOE-E-8
Course Description Market-based research in international accounting uses cross-border comparisons and within-country analyses exploiting the unique features of the local institutional environment to study how public and private institutions affect the properties and uses of accounting information. More recent studies go beyond descriptive analyses and  attempt to better understand how economic institutions affect the role of accounting information in capital markets, financing decisions and corporate governance. The course consists of two parts: in Part I, we cover the foundations and discuss some of the basic concepts of international accounting research. Specifically, the topics of Part I cover voluntary disclosure, the relation between disclosure and cost of capital, crosslisting and bonding, financial intermediaries, and dividend payout policies. In Part II, we apply these concepts to specific areas (e.g., IFRS adoption, securities regulation). Note that it is suggested but not required that students attend both parts of the course in sequence.
Course Objectives The objective of the course is to develop your ability to critically evaluate and conduct empirical research in an international context. In particular, you should get (1) an appreciation for the role of theory in applied work, (2) an understanding of research designs commonly used in international accounting and finance research, and (3) the necessary skills to design and conduct empirical research in a cross-border setting. Overall, this course provides an overview of this fast evolving area, and discusses economic hypotheses, research methods, data issues, and limitations to this type of research.
Target Groups Doctoral Students
Application In order to apply for this seminar, please see the following link.
Syllabus Syllabus PhD-Seminar Part I (2022) (PDF, 106 KB)