Accounting (Schiller)Head of Research Unit Prof. Dr.Ulf SchillerOverviewMembersPublicationsProjects & CollaborationsProjects & Collaborations OverviewMembersPublicationsProjects & Collaborations Projects & Collaborations 3 foundShow per page10 10 20 50 Ninth Accounting Research Workshop Research Project | 2 Project MembersThe Ninth Accounting Research Workshop (ARW) is a conference on the economic foundations of accounting. The conference aims to provide a forum for the exchange of newest theoretical and empirical results in the field of accounting. It is organized bi-annualy in co-operation with the accounting section of the University of Zurich. First organized in 1998, the ARW is now a leading european conference in the field. Numerous contributions have been published in leading field joournals. Eighth Accounting Research Workshop Research Project | 1 Project MembersThe Eighth Accounting Research Workshop (ARW) is a conference on the economic foundations of accounting. The conference aims to provide a forum for the exchange of newest theoretical and empirical results in the field of accounting. It is organized bi-annualy in co-operation with the accounting section of the University of Zurich. First organized in 1998, the ARW is now a leading european conference in the field. Numerous contributions have been published in leading field joournals. Historic cost accounting versus fair value accounting Research Project | 2 Project MembersIn this project we consider firms that prepare accounting reports about the value of their assets. Two opposing rules are considered, (a) fair value accounting where the firm reports the (exected) price at which an asset could be sold to an outside investor and (b) historic cost accouting where the firm reports the asset's acquisition or construction cost. Following conventional wisdom, rule (b) is less prone to manipulation but also less informative than (a). In a first sub-project we show that this is not generally true. Rather, we show that under some circumstances incentives for manipulation under Rule (b) are greater than under rule (a). In a second sub-project we consider application of both rules in banks. Following the common claim that the recent financial crisis had been triggered by fair-value accounting, we investigate the likelihood of bank runs. We show that the claim is sometimes, but not always, true. In a third sub-project we follow the claim that giving companies the right to choose between rules (a) and (b) improves capital market efficiency, because discretion between both rules makes a signalling equilibrium possible. We explore the limits of that argument. 1 1 OverviewMembersPublicationsProjects & Collaborations
Projects & Collaborations 3 foundShow per page10 10 20 50 Ninth Accounting Research Workshop Research Project | 2 Project MembersThe Ninth Accounting Research Workshop (ARW) is a conference on the economic foundations of accounting. The conference aims to provide a forum for the exchange of newest theoretical and empirical results in the field of accounting. It is organized bi-annualy in co-operation with the accounting section of the University of Zurich. First organized in 1998, the ARW is now a leading european conference in the field. Numerous contributions have been published in leading field joournals. Eighth Accounting Research Workshop Research Project | 1 Project MembersThe Eighth Accounting Research Workshop (ARW) is a conference on the economic foundations of accounting. The conference aims to provide a forum for the exchange of newest theoretical and empirical results in the field of accounting. It is organized bi-annualy in co-operation with the accounting section of the University of Zurich. First organized in 1998, the ARW is now a leading european conference in the field. Numerous contributions have been published in leading field joournals. Historic cost accounting versus fair value accounting Research Project | 2 Project MembersIn this project we consider firms that prepare accounting reports about the value of their assets. Two opposing rules are considered, (a) fair value accounting where the firm reports the (exected) price at which an asset could be sold to an outside investor and (b) historic cost accouting where the firm reports the asset's acquisition or construction cost. Following conventional wisdom, rule (b) is less prone to manipulation but also less informative than (a). In a first sub-project we show that this is not generally true. Rather, we show that under some circumstances incentives for manipulation under Rule (b) are greater than under rule (a). In a second sub-project we consider application of both rules in banks. Following the common claim that the recent financial crisis had been triggered by fair-value accounting, we investigate the likelihood of bank runs. We show that the claim is sometimes, but not always, true. In a third sub-project we follow the claim that giving companies the right to choose between rules (a) and (b) improves capital market efficiency, because discretion between both rules makes a signalling equilibrium possible. We explore the limits of that argument. 1 1
Ninth Accounting Research Workshop Research Project | 2 Project MembersThe Ninth Accounting Research Workshop (ARW) is a conference on the economic foundations of accounting. The conference aims to provide a forum for the exchange of newest theoretical and empirical results in the field of accounting. It is organized bi-annualy in co-operation with the accounting section of the University of Zurich. First organized in 1998, the ARW is now a leading european conference in the field. Numerous contributions have been published in leading field joournals.
Eighth Accounting Research Workshop Research Project | 1 Project MembersThe Eighth Accounting Research Workshop (ARW) is a conference on the economic foundations of accounting. The conference aims to provide a forum for the exchange of newest theoretical and empirical results in the field of accounting. It is organized bi-annualy in co-operation with the accounting section of the University of Zurich. First organized in 1998, the ARW is now a leading european conference in the field. Numerous contributions have been published in leading field joournals.
Historic cost accounting versus fair value accounting Research Project | 2 Project MembersIn this project we consider firms that prepare accounting reports about the value of their assets. Two opposing rules are considered, (a) fair value accounting where the firm reports the (exected) price at which an asset could be sold to an outside investor and (b) historic cost accouting where the firm reports the asset's acquisition or construction cost. Following conventional wisdom, rule (b) is less prone to manipulation but also less informative than (a). In a first sub-project we show that this is not generally true. Rather, we show that under some circumstances incentives for manipulation under Rule (b) are greater than under rule (a). In a second sub-project we consider application of both rules in banks. Following the common claim that the recent financial crisis had been triggered by fair-value accounting, we investigate the likelihood of bank runs. We show that the claim is sometimes, but not always, true. In a third sub-project we follow the claim that giving companies the right to choose between rules (a) and (b) improves capital market efficiency, because discretion between both rules makes a signalling equilibrium possible. We explore the limits of that argument.
