Luc Paugam

HEC Paris, Accounting and Management Control Department

Associate Professor

1 avenue de la libération

Jouy-en-Josas, 78350

France

CFA Society France

54 avenue Hoche

Paris, 75008

France

SCHOLARLY PAPERS

25

DOWNLOADS
Rank 10,797

SSRN RANKINGS

Top 10,797

in Total Papers Downloads

6,741

SSRN CITATIONS
Rank 9,220

SSRN RANKINGS

Top 9,220

in Total Papers Citations

66

CROSSREF CITATIONS

71

Scholarly Papers (25)

1.

Impact of Mandatory IFRS Adoption on Conditional Conservatism in Europe

Forthcoming Journal of Business Finance & Accounting
Number of pages: 44 Posted: 05 Jan 2012 Last Revised: 06 Dec 2014
Paul André, Andrei Filip and Luc Paugam
HEC Lausanne, Catholic University of Lille - IESEG School of Management and HEC Paris, Accounting and Management Control Department
Downloads 1,089 (29,940)
Citation 7

Abstract:

Loading...

Conditional Conservatism, IFRS, Europe, Enforcement, Governance, Intangibles, Impairment

2.

Do Investors Actually Value Sustainability Indices? Replication, Development, and New Evidence on CSR Visibility

Strategic Management Journal, Forthcoming, HEC Paris Research Paper No. SPE-2019-1335
Number of pages: 70 Posted: 19 Apr 2019 Last Revised: 25 May 2019
HEC Paris - Strategy & Business Policy, HEC Paris, Accounting and Management Control Department and HEC Paris - Accounting and Management Control Department
Downloads 588 (68,724)
Citation 3

Abstract:

Loading...

DJSI, stock index, CSR, sustainability, event study

An Explanation of the Nature of Internally Generated Goodwill Based on Aggregation of Interacting Assets

International Conference of the French Finance Association (AFFI), 11-13 May 2011
Number of pages: 49 Posted: 09 May 2011
HEC Paris, Accounting and Management Control Department, HEC Paris - Accounting and Management Control Department and University Paris-Dauphine - DRM Finance
Downloads 252 (178,096)

Abstract:

Loading...

Internally generated goodwill, Going concern goodwill, Synergy, Choquet integral, Residual income model

An Explanation of the Nature of Internally Generated Goodwill Based on Aggregation of Interacting Assets

CAAA Annual Conference 2011
Number of pages: 49 Posted: 29 Nov 2010 Last Revised: 19 Jun 2015
University Paris-Dauphine - DRM Finance, HEC Paris, Accounting and Management Control Department and HEC Paris - Accounting and Management Control Department
Downloads 209 (212,448)

Abstract:

Loading...

Internally Generated Goodwill, Synergy, Choquet Integral, Residual Income

4.

Regulatory Arbitrage on Narrative Steroids: The Case of SPACs

Number of pages: 40 Posted: 20 Dec 2021
Philippe Maupas and Luc Paugam
affiliation not provided to SSRN and HEC Paris, Accounting and Management Control Department
Downloads 390 (112,360)

Abstract:

Loading...

SPAC, Narrative Economics, Mergers & Acquisitions, Transactions

5.

The Effect of Joint Auditor Pair Composition on Audit Quality: Evidence from Impairment Tests

Contemporary Accounting Research, Volume 34, Issue 1, pp.118-153, 2017
Number of pages: 53 Posted: 01 Sep 2015 Last Revised: 01 Jul 2019
University of Houston - C.T. Bauer College of Business, HEC Paris, Accounting and Management Control Department, University of Houston and University Paris-Dauphine - DRM Finance
Downloads 381 (115,356)
Citation 8

Abstract:

Loading...

Joint Audits, Audit Quality, Auditor Independence, Impairment Testing, Conservatism

Using Real Activities to Avoid Goodwill Impairment Losses: Evidence and Effect on Future Performance

Forthcoming in Journal of Business Finance and Accounting
Number of pages: 57 Posted: 19 Nov 2014 Last Revised: 05 Dec 2014
Catholic University of Lille - IESEG School of Management, ESSEC Business School - Department of Accounting and Management ControlESSEC Business School and HEC Paris, Accounting and Management Control Department
Downloads 360 (122,085)
Citation 3

Abstract:

Loading...

goodwill impairment, earnings management, cash flow management, real activities

Using Real Activities to Avoid Goodwill Impairment Losses: Evidence and Effect on Future Performance

Journal of Business Finance & Accounting, Vol. 42, Issue 3-4, pp. 515-554, 2015
Number of pages: 40 Posted: 14 May 2015
Catholic University of Lille - IESEG School of Management, ESSEC Business School - Department of Accounting and Management ControlESSEC Business School and HEC Paris, Accounting and Management Control Department
Downloads 8 (886,583)
Citation 6

Abstract:

Loading...

goodwill impairment, earnings management, cash flow management, real activities

7.

Non-Financial Information: State of the Art and Research Perspectives Based on a Bibliometric Study

Comptabilité - Contrôle - Audit (Accounting, Auditing and Control), Forthcoming
Number of pages: 50 Posted: 29 Jun 2015 Last Revised: 15 Aug 2015
Erasmus School of Economics, HEC Paris, Accounting and Management Control Department and HEC Paris - Accounting and Management Control Department
Downloads 357 (124,075)
Citation 3

Abstract:

Loading...

Non-financial information (NFI), corporate social responsibility (CSR), intellectual capital, environmental reporting, social reporting, literature review, bibliometrics

Deploying Narrative Economics to Understand Financial Market Dynamics: An Analysis of Activist Short Sellers’ Rhetoric

Contemporary Accounting Research, Forthcoming, HEC Paris Research Paper No. ACC-2020-1401
Number of pages: 81 Posted: 16 Nov 2020 Last Revised: 24 Nov 2020
Luc Paugam, Hervé Stolowy and Yves Gendron
HEC Paris, Accounting and Management Control Department, HEC Paris - Accounting and Management Control Department and Université Laval
Downloads 310 (143,492)

Abstract:

Loading...

activist short sellers, persuasion, rhetorical strategies, narrative economics, credibility

Deploying Narrative Economics to Understand Financial Market Dynamics: An Analysis of Activist Short Sellers’ Rhetoric

Contemporary Accounting Research, Forthcoming
Posted: 08 Feb 2021
Luc Paugam, Hervé Stolowy and Yves Gendron
HEC Paris, Accounting and Management Control Department, HEC Paris - Accounting and Management Control Department and Université Laval

Abstract:

Loading...

activist short sellers, persuasion, rhetorical strategies, narrative economics, credibility

9.

The Expansion of Non-Financial Reporting: An Exploratory Study

Forthcoming in Accounting and Business Research, HEC Paris Research Paper No. ACC-2018-1262
Number of pages: 35 Posted: 26 Apr 2018 Last Revised: 03 May 2018
Hervé Stolowy and Luc Paugam
HEC Paris - Accounting and Management Control Department and HEC Paris, Accounting and Management Control Department
Downloads 305 (147,218)
Citation 9

Abstract:

Loading...

Non-Financial Reporting (NFR), Non-Financial Information (NFI), Integrated Reporting, Corporate Social Responsibility (CSR) Reporting, Sustainability Reporting, Environmental Reporting, Social Reporting

10.

Accounting for Business Combinations: Do Purchase Price Allocations Matter?

Journal of Accounting and Public Policy, Forthcoming
Number of pages: 54 Posted: 13 Jan 2012 Last Revised: 15 Jun 2015
HEC Paris, Accounting and Management Control Department, University Paris-Est Créteil (UPEC) and Université Paris Dauphine - CEREG Research Centre
Downloads 283 (158,462)
Citation 5

Abstract:

Loading...

Purchase Price Allocation, Market Expectations, Abnormal Goodwill, Business Combination

11.

Building the Legitimacy of Whistleblowers: A Multi-Case Discourse Analysis

Contemporary Accounting Research, Forthcoming, HEC Paris Research Paper No. ACC-2018-1277
Number of pages: 94 Posted: 13 May 2018 Last Revised: 04 Jun 2018
HEC Paris - Accounting and Management Control Department, Université Laval, University of Manchester - Alliance Manchester Business School and HEC Paris, Accounting and Management Control Department
Downloads 271 (165,761)
Citation 6

Abstract:

Loading...

Whistleblowing, Fraud Detection, Role Definition, Discourse Analysis, Legitimacy, Securities and Exchange Commission (SEC), Sarbanes-Oxley Act (SOX)

Effect of Impairment-Testing Disclosures on the Cost of Equity Capital

Number of pages: 53 Posted: 01 Nov 2014 Last Revised: 15 Jun 2015
Luc Paugam and Olivier J. Ramond
HEC Paris, Accounting and Management Control Department and Université Paris Dauphine - CEREG Research Centre
Downloads 259 (172,729)
Citation 1

Abstract:

Loading...

Impairment Test, Information Risk, Cost of Capital, Disclosures, IAS 36

Effect of Impairment‐Testing Disclosures on the Cost of Equity Capital

Journal of Business Finance & Accounting, Vol. 42, Issue 5-6, pp. 583-618, 2015
Number of pages: 36 Posted: 17 Jul 2015
Olivier J. Ramond and Luc Paugam
Université Paris Dauphine - CEREG Research Centre and HEC Paris, Accounting and Management Control Department
Downloads 2 (965,568)
Citation 1

Abstract:

Loading...

impairment test, cost of capital, information risk, disclosures, IAS 36

13.

Disclosures About Key Value Drivers in M&A Announcement Press Releases: An Exploratory Study

ABACUS, Volume 58, No. 1, 2022., HEC Paris Research Paper No ACC-2021-1436
Number of pages: 59 Posted: 23 Feb 2021 Last Revised: 15 Nov 2022
Catholic University of Lille - IESEG School of Management, University of Houston - C.T. Bauer College of Business, HEC Paris, Accounting and Management Control Department and HEC Paris - Accounting and Management Control Department
Downloads 219 (203,721)

Abstract:

Loading...

Mergers and acquisitions, Press releases, Investor reaction, Value drivers, Goodwill, Purchase price allocation

14.

Impact of Mandatory IFRS Adoption on Conditional Conservatism in Europe

ESSEC Working Paper 1311
Number of pages: 42 Posted: 02 Oct 2013 Last Revised: 05 Dec 2014
Paul André, Andrei Filip and Luc Paugam
HEC Lausanne, Catholic University of Lille - IESEG School of Management and HEC Paris, Accounting and Management Control Department
Downloads 218 (204,587)
Citation 2

Abstract:

Loading...

Conditional Conservatism, IFRS, Europe, Enforcement, Governance, Intangibles, Impairment

15.

Pessimistic Target Prices by Short Sellers

HEC Paris Research Paper No ACC-2021-1445
Number of pages: 58 Posted: 06 Dec 2021 Last Revised: 06 Dec 2022
HEC Paris, HEC Paris, Accounting and Management Control Department, HEC Paris - Accounting and Management Control Department and University of Texas at Austin - Department of Accounting
Downloads 210 (213,716)

Abstract:

Loading...

target price; short-selling attacks; pessimistic bias; price impact; informativeness; reversals; retail investors

16.

Examining the Patterns of Goodwill Impairments in Europe and the US

Forthcoming, Accounting in Europe
Number of pages: 31 Posted: 20 Mar 2017
Paul André, Andrei Filip and Luc Paugam
HEC Lausanne, Catholic University of Lille - IESEG School of Management and HEC Paris, Accounting and Management Control Department
Downloads 208 (213,716)
Citation 3

Abstract:

Loading...

Goodwill, Impairment, Europe, US, IFRS 3, IAS 36

17.

Competing for narrative authority in capital markets: activist short sellers vs. financial analysts

Accounting, Organizations and Society, Forthcoming, HEC Paris Research Paper Forthcoming
Number of pages: 69 Posted: 10 Jan 2022
Hervé Stolowy, Luc Paugam and Yves Gendron
HEC Paris - Accounting and Management Control Department, HEC Paris, Accounting and Management Control Department and Université Laval
Downloads 191 (230,756)

Abstract:

Loading...

Activist short sellers, expertise, financial analysts, framing, narrative authority

The Effect of Business and Financial Market Cycles on Credit Ratings: Evidence from the Last Two Decades

Abacus, Forthcoming
Number of pages: 52 Posted: 24 Nov 2015
University of Houston - C.T. Bauer College of Business, HEC Paris, Accounting and Management Control Department, HEC Paris - Accounting and Management Control Department and University Paris-Est Créteil (UPEC)
Downloads 126 (324,976)

Abstract:

Loading...

Credit rating agencies, Business cycles, Financial market cycles, Investor reaction, Credit rating quality

The Effect of Business and Financial Market Cycles on Credit Ratings: Evidence from the Last Two Decades

Abacus, Vol. 53, Issue 1, pp. 59-93, 2017
Number of pages: 35 Posted: 09 Mar 2017
University of Houston - C.T. Bauer College of Business, HEC Paris, Accounting and Management Control Department, HEC Paris - Accounting and Management Control Department and University Paris-Est Créteil (UPEC)
Downloads 3 (950,386)
Citation 4

Abstract:

Loading...

Business cycles, Credit rating agencies, Financial market cycles, Investor reaction

Non-Additivity in Accounting Valuation: Theory and Applications

Forthcoming, Abacus, HEC Paris Research Paper No. ACC-2017-1227
Number of pages: 43 Posted: 31 Aug 2017 Last Revised: 28 Nov 2017
HEC Paris, Accounting and Management Control Department, University Paris-Dauphine - DRM Finance and HEC Paris - Accounting and Management Control Department
Downloads 120 (336,774)

Abstract:

Loading...

Goodwill, Non-additive accounting-based valuation, Synergies, Choquet capacities, Growth options, Productive efficiency

Non‐Additivity in Accounting Valuation: Theory and Applications

Abacus, Vol. 54, Issue 3, pp. 381-416, 2018
Number of pages: 36 Posted: 17 Sep 2018
HEC Paris, Accounting and Management Control Department, University Paris-Dauphine - DRM Finance and HEC Paris - Accounting and Management Control Department
Downloads 3 (950,386)

Abstract:

Loading...

Choquet capacities, Goodwill, Growth options, Non‐additive accounting‐based valuation, Productive efficiency, Synergies

20.

Managerial Discretion to Delay the Recognition of Goodwill Impairment: The Role of Enforcement

Journal of Business Finance & Accounting, Volume 48, Issue 1-2, pp. 26-69, 2021, HEC Paris Research Paper No. ACC-2020-1400
Number of pages: 55 Posted: 16 Nov 2020 Last Revised: 01 Mar 2021
Andrei Filip, Gerald J. Lobo and Luc Paugam
Catholic University of Lille - IESEG School of Management, University of Houston - C.T. Bauer College of Business and HEC Paris, Accounting and Management Control Department
Downloads 104 (370,080)

Abstract:

Loading...

Goodwill impairment, enforcement, cash flow management, valuation assumptions

21.

Do Investors Pay Sufficient Attention to Banks’ Unrealized Gains and Losses on Available-for-Sale Securities?

European Accounting Review Volume 28, Issue 5, pp. 819-884, HEC Paris Research Paper No. ACC-2019-1326
Number of pages: 51 Posted: 03 Jan 2019 Last Revised: 10 Aug 2020
ESSEC Business School, University of Houston - C.T. Bauer College of Business and HEC Paris, Accounting and Management Control Department
Downloads 98 (384,858)

Abstract:

Loading...

other comprehensive income, available-for-sale securities gains and losses, investor reaction, investor attention, analyst reaction

22.

Alternative Expertise in Financial Markets: An Analysis of Due Diligence Posts on WallStreetBets

Number of pages: 68 Posted: 03 Oct 2022 Last Revised: 11 Oct 2022
Université Laval, HEC Paris, HEC Paris, Accounting and Management Control Department and HEC Paris - Accounting and Management Control Department
Downloads 96 (389,834)

Abstract:

Loading...

Alternative expertise, Fairness, Investment narratives, Information intermediaries, Financial markets, Social media, WallStreetBets

Implications of the Joint Provision of CSR Assurance and Financial Audit for Auditors’ Assessment of Going Concern Risk

Contemporary Accounting Research, Forthcoming, HEC Paris Research Paper No. ACC-2019-1347
Posted: 20 Aug 2019 Last Revised: 23 Sep 2019
affiliation not provided to SSRN, University of Houston - C.T. Bauer College of Business, University of Florence - Department of Business Economics and HEC Paris, Accounting and Management Control Department
Downloads 63 (502,333)

Abstract:

Loading...

CSR Assurance, CSR Risks, Going Concern Opinion, Knowledge Spillover, Non-Audit Services

Implications of the Joint Provision of CSR Assurance and Financial Audit for Auditors’ Assessment of Going Concern Risk

Contemporary Accounting Research, Volume 37, Issue 2, pp. 1248-1289, 2020
Posted: 03 Sep 2019 Last Revised: 03 Mar 2021
affiliation not provided to SSRN, University of Houston - C.T. Bauer College of Business, University of Florence - Department of Business Economics and HEC Paris, Accounting and Management Control Department

Abstract:

Loading...

CSR Assurance, CSR Risks, Going Concern Opinion, Knowledge Spillover, Non-Audit Services

24.

Accounting Information in Innovative Small Cap Firms: Evidence from London's Alternative Investment Market

Accounting and Business Research, 2020
Number of pages: 57 Posted: 07 Nov 2020 Last Revised: 27 Nov 2020
Andrei Filip, Alessandro Ghio and Luc Paugam
Catholic University of Lille - IESEG School of Management, Université Laval and HEC Paris, Accounting and Management Control Department
Downloads 16 (773,486)

Abstract:

Loading...

Financial Reporting; Innovation; Small Cap Firms; Social Media; Cash Flows; Earnings; AIM London

25.

The Effect of Mandatory IFRS Adoption on Conditional Conservatism in Europe

Journal of Business Finance & Accounting, Vol. 42, Issue 3-4, pp. 482-514, 2015
Number of pages: 33 Posted: 14 May 2015
Paul André, Andrei Filip and Luc Paugam
HEC Lausanne, Catholic University of Lille - IESEG School of Management and HEC Paris, Accounting and Management Control Department
Downloads 2 (925,338)
Citation 8

Abstract:

Loading...

conditional conservatism, IFRS, Europe, enforcement, impairment, goodwill, intangibles