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Audit Analytics Comparison of Audit Fees in US and Europe

When considered as a percentage of revenue – a common metric in the industry – European companies paid noticeably less in audit fees for fiscal 2017 than did their US counterparts. In order to perform this analysis, we compared the Russell 1000 to what we’ll call the EU 1000. To make this composite index, we began with about 2,000 companies from the major large, mid, and small-cap indices from across 21 European countries. We then limited…
WALTER WILLEY
WALTER WILLEY
3 min read
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4625

Do Firms Effectively Communicate with Financial Stakeholders?

This blog is based on my 2018 ICAEW-commissioned presentation at ICAEW’s Information for Better Markets Conference in December 2017. ICAEW’s brief was: What makes corporate communication effective? You can see the recording of the presentation here The resulting paper is co-authored with Prof Doris M. Merkl-Davies. Doris’s expertise is communication and linguistics. Our full paper is now published in Accounting and Business Research.   A Conceptual Model of Corporate Communication in a Capital Market Context…
Niamh Brennan
Niamh Brennan
3 min read
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4413

Interactive Robustness Sections: A Step Towards Open Science

“We vary the model specifications along manifold dimensions and find our main results to stay qualitatively similar” What does this (made up) sentence want to communicate to the academic reader? “Don’t worry, our results are robust”. As everybody who works empirically with observational data is probably aware, assessing the robustness of empirical results is more an art than a science. Our research designs have so many degrees of freedom that it is virtually impossible to…
Joachim Gassen
Joachim Gassen
3 min read
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7711

Pandas and Hierarchical Indexing

Pandas' ability to index data offers additional power to the way you work with data. More interesting is pandas' hierarchical indexing feature, it allows you to slice and dice data in convenient ways.   Python and pandas allow you to manage data more efficiently and effectively than, say, Stata. One important problem with Stata is that you have all your data in one large file. As a result your work-file tends to grow, and thus…
MARTIEN LUBBERINK
MARTIEN LUBBERINK
2 min read
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777

Evidence-Based Policymaking: Challenges and Opportunities for Accounting and Financial Markets Research

This blog is based on my 2017 PD Leake lecture at the ICAEW on the challenges and opportunities for accounting and financial markets research when it comes to evidence-based policy making. The full paper is available here. Evidence-based policymaking is a rigorous attempt to base policy decisions (e.g., new regulation) on scientific and empirical evidence, including impact studies, cost-benefit analyses, program evaluation, etc. It broadly captures the idea that science and empirical evidence are used…
Christian Leuz
Christian Leuz
8 min read
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What reviewers (don’t) like

This is a very brief blog to highlight three things reviewers generally don’t really like. Before I get there, let me recap briefly what generally determines the quality of a paper: the relevance and novelty (i.e. contribution) of the underlying research question, the appropriateness of the methodological approach, the rigour and robustness of the research design and the implications of the findings for a variety of stakeholders, whether it is academics, regulators, practitioners or others.…
GIOVANNA MICHELON
GIOVANNA MICHELON
4 min read
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229

Teaching Integrated Reporting: A French Experiment

The blog that follows is a summary of my original blog posted on the CSEAR blog   Teaching Social and Environmental Accounting (SEA) related topics, such as environmental accounting, carbon accounting or integrated reporting was not an easy task to bring to (French) business schools. I was told business companies did not care, or that students could at most get “an introduction” because the topic was not on the chartered accountancy exam. While I was…
Delphine Gibassier
Delphine Gibassier
3 min read
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13836

What challenges does the digital economy bring to accounting?

The digital revolution and the dematerialization of the economy are under way, but what impact will this have on accounting? This blog presents a short summary of my policy paper “What impact will the digital economy have on accounting? The challenge of intangible assets’ recognition” (Jeny, 2017), where I aim to shed light on this issue by studying the possible accounting implications of the digital economy and, in particular, their impact on the role of…
ANNE JENY-CAZAVAN
ANNE JENY-CAZAVAN
3 min read
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1159

To follow or not to follow prior meta-analyses: Synthesizing empirical archival studies in accounting

This post is based on my working paper “Recognition and Disclosure of Intangible Assets—A Meta-Analysis Review” co-authored with Anne Jeny (ESSEC Business School). Following prior literature in one’s field is generally a good thing. That is how science and knowledge is built—incrementally. This, however, is the story of why we chose to not follow prior accounting literature that uses meta-analysis techniques. A while back, my co-author and I set out to review the empirical accounting…
RUCSANDRA MOLDOVAN
RUCSANDRA MOLDOVAN
3 min read
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18291

Propensity to take accounting doctorates (PhD) in Europe: is it a matter of quantity or quality?

I find the debate on the propensity by European students to take accounting doctorates very stimulating. It’s interesting to see how accounting academics can take such distant positions on an issue (the need for high level education) that should make everybody agree. As a dean of an undergraduate school and former director of an MSc program, I have often found myself in the position to answer questions like ‘is a higher level degree really needed…
ANNALISA PRENCIPE
ANNALISA PRENCIPE
4 min read
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8876
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