Christian Leuz

TL;DR: In this paper, the authors examine systematic differences in earnings management across 31 countries and propose an explanation for these differences based on the notion that insiders, in an attempt to protect their private control benefits, use earnings management to conceal firm performance from outsiders.

TL;DR: In this paper, the authors study German firms that have switched from the German to an international reporting regime (1AS or U.S. GAAP) and show that proxies for the information asymmetry component of the cost of capital for the switching firms, namely, the bid-ask spread and trading volume behave in the predicted direction compared to firms employing the German reporting regime.

TL;DR: The authors examined the pervasiveness of earnings management across 31 countries between 1990 and 1999 and found that insiders, in an attempt to protect their private control benefits, use earnings management to conceal firm performance from outsiders.

TL;DR: In this article, the authors examine the economic consequences of mandatory International Financial Reporting Standards (IFRS) reporting around the world and find that market liquidity increases around the time of the introduction of IFRS.

TL;DR: In this paper, the authors examine whether and how accounting information about a firm manifests in its cost of capital, despite the forces of diversification, and demonstrate that the quality of accounting information can influence the costs of capital.