Luc Paugam

HEC Paris, Accounting and Management Control Department

Associate Professor, Mazars chair for Purposeful Governance

1 avenue de la libération

Jouy-en-Josas, 78350

France

CFA Society France

54 avenue Hoche

Paris, 75008

France

SCHOLARLY PAPERS

28

DOWNLOADS
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Top 9,340

in Total Papers Downloads

9,033

SSRN CITATIONS
Rank 9,406

SSRN RANKINGS

Top 9,406

in Total Papers Citations

141

CROSSREF CITATIONS

28

Scholarly Papers (28)

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 1,123 (35,043)
Citation 9

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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 708 (66,054)
Citation 3

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DJSI, stock index, CSR, sustainability, event study

3.

Sustainability Reporting: Is Convergence Possible?

Accounting in Europe 2023
Number of pages: 36 Posted: 10 Mar 2023
Hervé Stolowy and Luc Paugam
HEC Paris - Accounting and Management Control Department and HEC Paris, Accounting and Management Control Department
Downloads 657 (72,630)

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Sustainability Reporting, ESG, Corporate Social Responsibility, Standard Setters, ISSB, EFRAG

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 272 (199,735)

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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 233 (233,043)

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Internally Generated Goodwill, Synergy, Choquet Integral, Residual Income

5.

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 482 (106,794)

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SPAC, Narrative Economics, Mergers & Acquisitions, Transactions

6.

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 435 (120,851)
Citation 8

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

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 421 (125,187)
Citation 3

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

8.

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 398 (133,521)
Citation 3

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

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 385 (137,391)

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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

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

10.

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 369 (145,279)
Citation 21

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

11.

Investors’ Quantitative Disclosure: Target Prices by Short Sellers

HEC Paris Research Paper No ACC-2021-1445
Number of pages: 58 Posted: 06 Dec 2021 Last Revised: 28 Dec 2023
Rotterdam School of Management, Erasmus University, HEC Paris, Accounting and Management Control Department, HEC Paris - Accounting and Management Control Department and University of Texas at Austin - Department of Accounting
Downloads 350 (153,911)

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target price; short sellers; short-selling attacks; information quality; price adjustment; processing costs; retail investors

12.

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 338 (159,834)
Citation 8

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

13.

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, The University of Manchester - Alliance Manchester Business School and HEC Paris, Accounting and Management Control Department
Downloads 308 (176,531)
Citation 7

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

14.

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 302 (180,227)
Citation 4

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

15.

Shaping collective action in financial markets through the development of popular expertise: An analysis of Due Diligence posts on WallStreetBets

Number of pages: 82 Posted: 03 Oct 2022 Last Revised: 03 Jan 2024
Université Laval, Rotterdam School of Management, Erasmus University, HEC Paris, Accounting and Management Control Department and HEC Paris - Accounting and Management Control Department
Downloads 293 (186,099)

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Collective action; Digital platforms; Fairness; Financial markets; Information intermediaries; Investment narratives; Popular expertise; Social movement; WallStreetBets

16.

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 289 (188,675)
Citation 2

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

17.

Competing For Narrative Authority In Capital Markets: Activist Short Sellers Vs. Financial Analysts

Accounting, Organizations and Society, Forthcoming, HEC Paris Research Paper No ACC-2022-1449
Number of pages: 69 Posted: 10 Jan 2022 Last Revised: 08 Dec 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 246 (221,862)
Citation 5

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

18.

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 236 (231,111)
Citation 2

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

19.

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 232 (234,915)
Citation 6

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

20.

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 180 (296,382)

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

21.

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 164 (321,338)
Citation 2

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

22.

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 149 (348,077)

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Goodwill impairment, enforcement, cash flow management, valuation assumptions

23.

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 136 (374,127)

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

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 116 (423,967)
Citation 14

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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

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

25.

Some Seem to Know: Banks’ Lending Decisions After Activist Short Sellers’ Attacks

HEC Paris Research Paper No. ACC-2023-1497
Number of pages: 62 Posted: 05 Oct 2023 Last Revised: 25 Jan 2024
Simon Fraser University, HEC Paris - Accounting and Management Control Department, HEC Paris, Accounting and Management Control Department and HEC Paris - Accounting and Management Control Department
Downloads 94 (492,725)

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activist short sellers, private debt, loan pricing, information

26.

Grabbing Investor Attention with Limited Resources: A Study of Small Cap Firms’ Communication Channels

ESSEC Business School Research Paper No. 2023-03, Forthcoming, European Accounting Review
Number of pages: 54 Posted: 27 Jul 2023
ESSEC Business School, Catholic University of Lille - IESEG School of Management, Université Laval and HEC Paris, Accounting and Management Control Department
Downloads 72 (573,838)

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Small cap firms, Investor attention, Communication channels, Social media, AIM London

27.

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 29 (833,887)
Citation 2

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

28.

Breaking Incommensurability Boundaries? On the Production and Publication of Inter-Paradigmatic Research

Forthcoming, Qualitative Research in Accounting and Management, HEC Paris Research Paper No. ACC-2023-1474
Number of pages: 32 Posted: 03 Aug 2023 Last Revised: 25 Jan 2024
Yves Gendron, Luc Paugam and Hervé Stolowy
Université Laval, HEC Paris, Accounting and Management Control Department and HEC Paris - Accounting and Management Control Department
Downloads 16 (953,621)

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epistemic mediation; incommensurability thesis; inter-paradigmatic research; mediation strategies; paradigms