Search Results - "Hail, Luzi"

Mandatory CSR and sustainability reporting: economic analysis and literature review by Christensen, Hans B., Hail, Luzi, Leuz, Christian

“…This study collates potential economic effects of mandated disclosure and reporting standards for corporate social responsibility (CSR) and sustainability…”
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Adopting a Label: Heterogeneity in the Economic Consequences Around IAS/IFRS Adoptions by DASKE, HOLGER, HAIL, LUZI, LEUZ, CHRISTIAN, VERDI, RODRIGO

“…This study examines liquidity and cost of capital effects around voluntary and mandatory IAS/IFRS adoptions. In contrast to prior work, we focus on the…”
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Cost of capital effects and changes in growth expectations around U.S. cross-listings by Hail, Luzi, Leuz, Christian

“…This paper examines whether cross-listing in the U.S. reduces firms’ costs of capital. We estimate cost of capital effects implied by market prices and analyst…”
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Mandatory IFRS reporting and changes in enforcement by Christensen, Hans B., Hail, Luzi, Leuz, Christian

“…In recent years, reporting under International Financial Reporting Standards (IFRS) became mandatory in many countries. The capital-market effects around this…”
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Mandatory IFRS Reporting around the World: Early Evidence on the Economic Consequences by DASKE, HOLGER, HAIL, LUZI, LEUZ, CHRISTIAN, VERDI, RODRIGO

“…This paper examines the economic consequences of mandatory International Financial Reporting Standards (IFRS) reporting around the world. We analyze the…”
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International Differences in the Cost of Equity Capital: Do Legal Institutions and Securities Regulation Matter? by HAIL, LUZI, LEUZ, CHRISTIAN

“…This paper examines international differences in firms' cost of equity capital across 40 countries. We analyze whether the effectiveness of a country's legal…”
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The Importance of Reporting Incentives: Earnings Management in European Private and Public Firms by Burgstahler, David C., Hail, Luzi, Leuz, Christian

“…This paper examines how capital market pressures and institutional factors shape firms' incentives to report earnings that reflect economic performance. To…”
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The impact of voluntary corporate disclosures on the ex-ante cost of capital for Swiss firms by Hail, Luzi

“…The relationship between disclosure quality and cost of equity capital is an important topic in today's economy. In general, economic theory and anecdotal…”
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Discussion of investor protection and analysts’ cash flow forecasts around the world by Hail, Luzi

“…DeFond and Hung [DeFond, M., & Hung, M. (2007). Review of Accounting Studies, 12 (this issue)] test the conjecture whether financial analysts, due to…”
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Financial reporting and firm valuation: relevance lost or relevance regained? by Hail, Luzi

“…In this study, I examine whether balance sheet and income statement numbers have lost or regained their relevance over the last 30 years. Institutional and…”
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Capital-Market Effects of Securities Regulation: Prior Conditions, Implementation, and Enforcement by Christensen, Hans B., Hail, Luzi, Leuz, Christian

“…We examine the capital-market effects of changes in securities regulation in the European Union aimed at reducing market abuse and increasing transparency. To…”
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Corporate Scandals and Regulation by HAIL, LUZI, TAHOUN, AHMED, WANG, CLARE

“…Are regulatory interventions delayed reactions to market failures or can regulators proactively pre-empt corporate misbehavior? From a public interest view, we…”
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Dividend Payouts and Information Shocks by HAIL, LUZI, TAHOUN, AHMED, WANG, CLARE

“…We examine changes in firms' dividend payouts following an exogenous shock to the information asymmetry problem between managers and investors. Agency theories…”
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The past, present, and future of China-related accounting research by Cheng, Qiang, Hail, Luzi, Yu, Gwen

“…This discussion makes several observations regarding the past 25 years of China-related accounting research reviewed in Lennox and Wu (2022). First, we discuss…”
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Reproducibility in Accounting Research: Views of the Research Community by HAIL, LUZI, LANG, MARK, LEUZ, CHRISTIAN

“…ABSTRACT We have little knowledge about the prevalence of irreproducibility in the accounting literature. To narrow this gap, we conducted a survey among the…”
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Do Risk Disclosures Matter When It Counts? Evidence from the Swiss Franc Shock by HAIL, LUZI, MUHN, MAXIMILIAN, OESCH, DAVID

“…ABSTRACT We examine the relation between disclosure quality and information asymmetry among market participants following an exogenous shock to macroeconomic…”
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Discussion of Consequences and Institutional Determinants of Unregulated Corporate Financial Statements: Evidence from Embedded Value Reporting by HAIL, LUZI

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A Tale of Two Supervisors: Compliance with Risk Disclosure Regulation in the Banking Sector by Bischof, Jannis, Daske, Holger, Elfers, Ferdinand, Hail, Luzi

“…ABSTRACT We examine how the presence of multiple supervisory agencies affects firm‐level compliance in form and substance with disclosure regulations. This…”
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Cross-country evidence on the relation between capital gains taxes, risk, and expected returns by Hail, Luzi, Sikes, Stephanie, Wang, Clare

“…This study empirically examines the role of risk sharing between taxable investors and the government on the relation between capital gains taxes and expected…”
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Equity cross-listings in the U.S. and the price of debt by Ball, Ryan T., Hail, Luzi, Vasvari, Florin P.

“…Using a large panel from 46 countries over 20 years, we find that non-U.S. firms issue corporate bonds more frequently and at lower offering yields following…”
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