Joerg Markus Hitz

TL;DR: In this paper, the authors discuss the economic consequences of mandatory IFRS adoption in the European Union and provide suggestions on how future research can add to our understanding of the effects of these effects.

TL;DR: In this article, the authors discuss the economic consequences of mandatory International Financial Reporting Standards (IFRS) adoption in the European Union (EU), and provide suggestions on how future research can add to our understanding of these effects.

TL;DR: In this article, the authors investigate short and long-term market reactions to error announcements and find that the magnitude of market value discount is positively associated with the severity of the errors, with the threat of subsequent litigation, and with cases in which firms disagreed with the error findings of the DPR.

TL;DR: In this article, the authors investigate short and long-term market reactions to error announcements in a two-tier enforcement system in Germany, which consists of a private body, the DPR, which investigates compliance of published financial reports of firms listed on a regulated market segment and, upon error findings, involves the German securities regulator BaFin, which on a second level enforces disclosure of these findings to establish adverse disclosure.

TL;DR: In this article, the authors explore the relevance of academic research for financial reporting standard setting and the role of academic researchers in the standard-setting process and explore how the international heterogeneity of its constituency imposes constraints on the IASB's work.