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Christian Leuz

University of Chicago - Booth School of Business

J. Sondheimer Professor of International Economics, Finance and Accounting

5807 S. Woodlawn Avenue

Chicago, IL 60637

United States

http://faculty.chicagobooth.edu/christian.leuz/

National Bureau of Economic Research (NBER)

Research Associate

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

http://www.nber.org

European Corporate Governance Institute (ECGI)

Fellow

Brussels

Belgium

http://www.ecgi.org

Center for Financial Studies (CFS)

Fellow

Grüneburgplatz 1

Frankfurt am Main, 60323

Germany

University of Pennsylvania - Wharton Financial Institutions Center

Fellow

3641 Locust Walk

Philadelphia, PA 19104-6218

United States

CESifo Research Network

Fellow

Poschinger Str. 5

Munich, DE-81679

Germany

  • University of Chicago - Booth School of Business

    • Email
    • Tel: 773-834-1996

  • National Bureau of Economic Research (NBER)

  • Center for Financial Studies (CFS)

SCHOLARLY PAPERS

40

DOWNLOADS
Rank 29

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Top 29

in Total Papers Downloads

149,367

CITATIONS
Rank 98

SSRN RANKINGS

Top 98

in Total Papers Citations

2,745

Scholarly Papers (40)

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1.

Economic Consequences of Financial Reporting and Disclosure Regulation: A Review and Suggestions for Future Research

Number of pages: 91 Posted: 13 Mar 2008 Last Revised: 07 May 2008
Christian Leuz and Peter D. Wysocki
University of Chicago - Booth School of Business and Boston University Questrom School of Business
Downloads 17,694 (78)
Citation 82

Abstract:

Accounting, Asymmetric information, Capital markets, Institutional economics, International, Mandatory disclosure, Political economy, Regulation, Standards

2.

The Crisis of Fair Value Accounting: Making Sense of the Recent Debate

Chicago Booth Research Paper No. 33, Accounting, Organizations and Society, Vol. 34, 2009
Number of pages: 28 Posted: 21 Apr 2009
Christian Laux and Christian Leuz
Vienna University of Economics and Business and University of Chicago - Booth School of Business
Downloads 12,227 (176)
Citation 60

Abstract:

Mark-to-market, Fair value accounting, Financial institutions, Liquidity, Financial crisis, Banks, Procyclicality

3.

Mandatory IFRS Reporting Around the World: Early Evidence on the Economic Consequences

Downloads 11,978 ( 218)
Citation 170

Mandatory IFRS Reporting Around the World: Early Evidence on the Economic Consequences

ECGI - Finance Working Paper No. 198/2008, Chicago GSB Research Paper No. 12
Number of pages: 74 Posted: 25 Oct 2007 Last Revised: 20 Nov 2011
Holger Daske, Luzi Hail, Christian Leuz and Rodrigo S. Verdi
University of Mannheim - Accounting and Taxation, University of Pennsylvania - The Wharton School, University of Chicago - Booth School of Business and Massachusetts Institute of Technology (MIT)
Downloads 11,978 (213)
Citation 170

Abstract:

Regulation, International accounting, IAS, U.S. GAAP, Disclosure, Market liquidity, Cost of equity, Enforcement, Security markets

Mandatory IFRS Reporting Around the World: Early Evidence on the Economic Consequences

Journal of Accounting Research, Vol. 46, No. 5, pp. 1085-1142, 2008
Posted: 08 Sep 2008 Last Revised: 20 Nov 2011
Holger Daske, Luzi Hail, Christian Leuz and Rodrigo S. Verdi
University of Mannheim - Accounting and Taxation, University of Pennsylvania - The Wharton School, University of Chicago - Booth School of Business and Massachusetts Institute of Technology (MIT)

Abstract:

Regulation, International accounting, IAS, U.S. GAAP, Disclosure, Market liquidity, Cost of equity, Enforcement, Security markets

4.

Global Accounting Convergence and the Potential Adoption of IFRS by the United States: An Analysis of Economic and Policy Factors

Downloads 11,598 ( 231)
Citation 24

Global Accounting Convergence and the Potential Adoption of IFRS by the United States: An Analysis of Economic and Policy Factors

Number of pages: 104 Posted: 11 Mar 2009
Luzi Hail, Christian Leuz and Peter D. Wysocki
University of Pennsylvania - The Wharton School, University of Chicago - Booth School of Business and Boston University Questrom School of Business
Downloads 11,598 (225)
Citation 24

Abstract:

Accounting, Regulation, IFRS, U.S. GAAP, SEC, Standard setting, U.S. equity markets, Mandatory disclosure, Political economy

Global Accounting Convergence and the Potential Adoption of IFRS by the U.S. (Part I): Conceptual Underpinnings and Economic Analysis

Accounting Horizons, Vol. 24, No. 3, pp. 355-394, 2010
Posted: 10 Sep 2010
Luzi Hail, Christian Leuz and Peter D. Wysocki
University of Pennsylvania - The Wharton School, University of Chicago - Booth School of Business and Boston University Questrom School of Business

Abstract:

Accounting, Regulation, IFRS, U.S. GAAP, SEC, Standard setting, U.S. equity markets, Mandatory disclosure

5.

Did Fair-Value Accounting Contribute to the Financial Crisis?

Downloads 9,903 ( 315)
Citation 47

Did Fair-Value Accounting Contribute to the Financial Crisis?

Chicago Booth Research Paper 09-38, ECGI - Finance Working Paper No. 266/2009, Journal of Economic Perspectives, Forthcoming
Number of pages: 48 Posted: 15 Oct 2009 Last Revised: 15 Dec 2009
Christian Laux and Christian Leuz
Vienna University of Economics and Business and University of Chicago - Booth School of Business
Downloads 9,819 (316)
Citation 47

Abstract:

Mark-to-market accounting, Financial institutions, Liquidity, Financial crisis, Banks, Financial regulation, Procyclicality, Contagion

Did Fair-Value Accounting Contribute to the Financial Crisis?

NBER Working Paper No. w15515
Number of pages: 43 Posted: 17 Nov 2009
Christian Laux and Christian Leuz
Vienna University of Economics and Business and University of Chicago - Booth School of Business
Downloads 84 (250,458)
Citation 47

Abstract:

Did Fair-Value Accounting Contribute to the Financial Crisis?

Journal of Economic Perspectives, Vol. 24, pp. 93-118, Winter 2010
Posted: 22 Mar 2010
Christian Laux and Christian Leuz
Vienna University of Economics and Business and University of Chicago - Booth School of Business

Abstract:

Mark-to-market accounting, Financial institutions, Liquidity, Financial crisis, Banks, Financial regulation, Procyclicality, Contagion

6.

Earnings Management and Investor Protection: An International Comparison

Downloads 8,312 ( 450)
Citation 540

Earnings Management and Investor Protection: An International Comparison

MIT Sloan Working Paper No. 4225-01; EFA 2002 Berlin Meetings Presented Paper
Number of pages: 32 Posted: 18 Sep 2001 Last Revised: 17 Mar 2008
Christian Leuz, Dhananjay Nanda and Peter D. Wysocki
University of Chicago - Booth School of Business, University of Miami - School of Business Administration and Boston University Questrom School of Business
Downloads 8,312 (445)
Citation 540

Abstract:

Corporate Governance, Earnings Management, Investor Protection, Law, Private Control Benefits

Earnings Management and Investor Protection: An International Comparison

Journal of Financial Economics 69, pp. 505-527, 2003
Posted: 04 Nov 2002
Christian Leuz, Dhananjay Nanda and Peter D. Wysocki
University of Chicago - Booth School of Business, University of Miami - School of Business Administration and Boston University Questrom School of Business

Abstract:

corporate governance, earnings management, investor protection, law, private control benefits

7.

Accounting Information, Disclosure, and the Cost of Capital

Downloads 7,241 ( 582)
Citation 210

Accounting Information, Disclosure, and the Cost of Capital

Wharton Financial Institutions Center Working Paper Series #06-20
Number of pages: 47 Posted: 12 Oct 2005
Richard A. Lambert, Christian Leuz and Robert E. Verrecchia
University of Pennsylvania - Accounting Department, University of Chicago - Booth School of Business and University of Pennsylvania - Accounting Department
Downloads 7,231 (577)
Citation 210

Abstract:

Cost of capital, disclosure, information risk, asset pricing

Accounting Information, Disclosure, and the Cost of Capital

Journal of Accounting Research, Vol. 45, No. 2, pp. 385-420, May 2007
Number of pages: 36 Posted: 11 Dec 2007
Richard A. Lambert, Christian Leuz and Robert E. Verrecchia
University of Pennsylvania - Accounting Department, University of Chicago - Booth School of Business and University of Pennsylvania - Accounting Department
Downloads 10 (517,093)
Citation 210

Abstract:

Accounting Information, Disclosure, and the Cost of Capital

Journal of Accounting Research, Forthcoming
Posted: 08 Jan 2007
Richard A. Lambert, Christian Leuz and Robert E. Verrecchia
University of Pennsylvania - Accounting Department, University of Chicago - Booth School of Business and University of Pennsylvania - Accounting Department

Abstract:

Cost of capital, disclosure, information risk, asset pricing

8.

The Economic Consequences of Increased Disclosure

Downloads 5,509 ( 945)
Citation 382

The Economic Consequences of Increased Disclosure

Number of pages: 63 Posted: 20 Aug 1999
Christian Leuz and Robert E. Verrecchia
University of Chicago - Booth School of Business and University of Pennsylvania - Accounting Department
Downloads 5,509 (926)
Citation 382

Abstract:

The Economic Consequences of Increased Disclosure

Journal of Accounting Research 38 (Supplement 2000), pp. 91–124,
Posted: 13 Dec 2000 Last Revised: 23 Feb 2013
Christian Leuz and Robert E. Verrecchia
University of Chicago - Booth School of Business and University of Pennsylvania - Accounting Department

Abstract:

disclosure, international accounting, cost of capital, information asymmetry, liquidity

9.

Adopting a Label: Heterogeneity in the Economic Consequences Around IAS/IFRS Adoptions

Downloads 4,749 ( 1,224)
Citation 61

Adopting a Label: Heterogeneity in the Economic Consequences Around IAS/IFRS Adoptions

Number of pages: 66 Posted: 12 Apr 2007 Last Revised: 12 Mar 2013
Holger Daske, Luzi Hail, Christian Leuz and Rodrigo S. Verdi
University of Mannheim - Accounting and Taxation, University of Pennsylvania - The Wharton School, University of Chicago - Booth School of Business and Massachusetts Institute of Technology (MIT)
Downloads 4,749 (1,208)
Citation 61

Abstract:

International accounting, Reporting incentives, IAS, U.S. GAAP, Disclosure, Cost of equity, IFRS implementation

Adopting a Label: Heterogeneity in the Economic Consequences Around IAS/IFRS Adoptions

Journal of Accounting Research, Vol. 51, No. 3, pp. 495-547, 2013
Posted: 19 Mar 2013 Last Revised: 21 Apr 2013
Holger Daske, Luzi Hail, Christian Leuz and Rodrigo S. Verdi
University of Mannheim - Accounting and Taxation, University of Pennsylvania - The Wharton School, University of Chicago - Booth School of Business and Massachusetts Institute of Technology (MIT)

Abstract:

International accounting, Reporting incentives, IAS, U.S. GAAP, Disclosure, Cost of equity, IFRS implementation

10.

The Importance of Reporting Incentives: Earnings Management in European Private and Public Firms

Downloads 4,623 ( 1,290)
Citation 146

The Importance of Reporting Incentives: Earnings Management in European Private and Public Firms

Number of pages: 49 Posted: 08 Jan 2004
David Burgstahler, Luzi Hail and Christian Leuz
University of Washington, University of Pennsylvania - The Wharton School and University of Chicago - Booth School of Business
Downloads 4,623 (1,268)
Citation 146

Abstract:

International accounting, Earnings management, Private companies, Legal system, Accounting harmonization, Earnings properties

The Importance of Reporting Incentives: Earnings Management in European Private and Public Firms

Accounting Review, Vol. 81, No. 5, pp. 983-1016, 2006
Posted: 23 Mar 2006 Last Revised: 20 Nov 2011
David Burgstahler, Luzi Hail and Christian Leuz
University of Washington, University of Pennsylvania - The Wharton School and University of Chicago - Booth School of Business

Abstract:

international accounting, earnings management, private companies, legal system, accounting harmonization, earnings properties

11.

International Differences in the Cost of Equity Capital: Do Legal Institutions and Securities Regulation Matter?

Downloads 4,353 ( 1,411)
Citation 188

International Differences in the Cost of Equity Capital: Do Legal Institutions and Securities Regulation Matter?

ECGI - Law Working Paper No. 15/2003, Rodney L. White Center for Financial Research Working Paper No. 17-04, AFA 2005 Philadelphia Meetings
Number of pages: 65 Posted: 21 Dec 2004
Luzi Hail and Christian Leuz
University of Pennsylvania - The Wharton School and University of Chicago - Booth School of Business
Downloads 4,353 (1,388)
Citation 188

Abstract:

Cost of equity, Disclosure regulation, Law and finance, International finance, Country risk, Legal system

International Differences in the Cost of Equity Capital: Do Legal Institutions and Securities Regulation Matter?

Journal of Accounting Research, Vol. 44, No. 3, pp. 485-531, 2006
Posted: 17 Jan 2006 Last Revised: 20 Nov 2011
Luzi Hail and Christian Leuz
University of Pennsylvania - The Wharton School and University of Chicago - Booth School of Business

Abstract:

Cost of equity, Disclosure regulation, Law and finance, International finance, Country risk, Legal system

12.

IAS versus US GAAP: Information Asymmetry-Based Evidence from Germany's New Market

Downloads 3,396 ( 2,182)
Citation 107

IAS versus US GAAP: Information Asymmetry-Based Evidence from Germany's New Market

Number of pages: 43 Posted: 28 Jun 2001
Christian Leuz
University of Chicago - Booth School of Business
Downloads 3,396 (2,136)
Citation 107

Abstract:

IAS versus US GAAP: Information Asymmetry-Based Evidence from Germany's New Market

Journal of Accounting Research, June 2003
Posted: 21 Jan 2003
Christian Leuz
University of Chicago - Booth School of Business

Abstract:

International accounting, Disclosure, Cost of capital, Accounting standards, Harmonization

13.

Capital-Market Effects of Securities Regulation: Prior Conditions, Implementation, and Enforcement

Downloads 3,393 ( 2,185)
Citation 18

Capital-Market Effects of Securities Regulation: Prior Conditions, Implementation, and Enforcement

ECGI - Finance Working Paper No. 407/2014, Chicago Booth Research Paper No. 12-04
Number of pages: 79 Posted: 23 Jan 2011 Last Revised: 06 Apr 2016
Hans Bonde Christensen, Luzi Hail and Christian Leuz
University of Chicago - Booth School of Business, University of Pennsylvania - The Wharton School and University of Chicago - Booth School of Business
Downloads 3,177 (2,411)
Citation 18

Abstract:

Capital market regulation, Enforcement, Disclosure, Law and finance, European Union, Liquidity

Capital-Market Effects of Securities Regulation: Prior Conditions, Implementation, and Enforcement

Review of Financial Studies, Vol. 29, No. 11, pp. 2885-2924, 2016
Number of pages: 79 Posted: 15 Oct 2016
Hans Bonde Christensen, Luzi Hail and Christian Leuz
University of Chicago - Booth School of Business, University of Pennsylvania - The Wharton School and University of Chicago - Booth School of Business
Downloads 151 (161,955)
Citation 18

Abstract:

Capital market regulation, Enforcement, Disclosure, Law and finance, European Union, Liquidity

Capital-Market Effects of Securities Regulation: Prior Conditions, Implementation, and Enforcement

NBER Working Paper No. w16737
Number of pages: 80 Posted: 31 Jan 2011
Hans Bonde Christensen, Luzi Hail and Christian Leuz
University of Chicago - Booth School of Business, University of Pennsylvania - The Wharton School and University of Chicago - Booth School of Business
Downloads 65 (291,301)
Citation 18

Abstract:

14.

Why Do Firms Go Dark? Causes and Economic Consequences of Voluntary SEC Deregistrations

Downloads 3,361 ( 2,219)
Citation 93

Why Do Firms Go Dark? Causes and Economic Consequences of Voluntary SEC Deregistrations

ECGI - Finance Working Paper No. 155/2007, AFA 2006 Boston Meetings Paper, Robert H. Smith School Research Paper No. RHS 06-045
Number of pages: 70 Posted: 24 Oct 2005 Last Revised: 13 Feb 2011
Christian Leuz, Alexander J. Triantis and Tracy Yue Wang
University of Chicago - Booth School of Business, University of Maryland - Robert H. Smith School of Business and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 3,361 (2,172)
Citation 93

Abstract:

SEC deregistration, Disclosure, Going private, Regulation, Private control

Why Do Firms Go Dark? Causes and Economic Consequences of Voluntary SEC Deregistrations

Journal of Accounting & Economics (JAE), 2008
Posted: 18 Mar 2008
Christian Leuz, Alexander J. Triantis and Tracy Yue Wang
University of Chicago - Booth School of Business, University of Maryland - Robert H. Smith School of Business and University of Minnesota - Twin Cities - Carlson School of Management

Abstract:

Going private, Disclosure, Sarbanes-Oxley Act, Deregistration, Private control benefits, Pink sheets, Liquidity, Stock market reactions

15.

Mandatory IFRS Reporting and Changes in Enforcement

Downloads 3,261 ( 2,358)
Citation 16

Mandatory IFRS Reporting and Changes in Enforcement

ECGI - Finance Working Paper No. 377/2013, The Wharton School Research Paper, Chicago Booth Research Paper No. 12-12
Number of pages: 69 Posted: 07 Mar 2012 Last Revised: 06 Apr 2015
Hans Bonde Christensen, Luzi Hail and Christian Leuz
University of Chicago - Booth School of Business, University of Pennsylvania - The Wharton School and University of Chicago - Booth School of Business
Downloads 3,261 (2,303)
Citation 16

Abstract:

International accounting, IFRS implementation, Regulation, Enforcement, Liquidity, European Union

Mandatory IFRS Reporting and Changes in Enforcement

Journal of Accounting and Economics, Vol. 56, No. 2-3 (Supplement 1), pp. 147-177, 2013
Posted: 07 Dec 2013
Hans Bonde Christensen, Luzi Hail and Christian Leuz
University of Chicago - Booth School of Business, University of Pennsylvania - The Wharton School and University of Chicago - Booth School of Business

Abstract:

International accounting, IFRS implementation, Regulation, Enforcement, Liquidity, European Union

16.

Information Asymmetry, Information Precision, and the Cost of Capital

Downloads 3,001 ( 2,749)
Citation 48

Information Asymmetry, Information Precision, and the Cost of Capital

Review of Finance, 2011, Wharton Financial Institutions Center Working Paper No. 06-21
Number of pages: 42 Posted: 11 Oct 2006 Last Revised: 25 Nov 2011
Richard A. Lambert, Christian Leuz and Robert E. Verrecchia
University of Pennsylvania - Accounting Department, University of Chicago - Booth School of Business and University of Pennsylvania - Accounting Department
Downloads 2,879 (2,894)
Citation 48

Abstract:

Information risk, Cost of capital, Expected return, Asset pricing, Disclosure, Rational expectations, Diversification

Information Asymmetry, Information Precision, and the Cost of Capital

NBER Working Paper No. w14881
Number of pages: 44 Posted: 20 Apr 2009
Richard A. Lambert, Christian Leuz and Robert E. Verrecchia
University of Pennsylvania - Accounting Department, University of Chicago - Booth School of Business and University of Pennsylvania - Accounting Department
Downloads 122 (192,608)
Citation 48

Abstract:

Information Asymmetry, Information Precision, and the Cost of Capital

Review of Finance, Forthcoming
Posted: 26 Apr 2011
Richard A. Lambert, Christian Leuz and Robert E. Verrecchia
University of Pennsylvania - Accounting Department, University of Chicago - Booth School of Business and University of Pennsylvania - Accounting Department

Abstract:

Cost of Capital, Information Asymmetry, Imperfect Competition

17.

Do Foreigners Invest Less in Poorly Governed Firms?

Downloads 3,001 ( 2,749)
Citation 107

Do Foreigners Invest Less in Poorly Governed Firms?

ECGI - Finance Working Paper No. 43/2004 , IFDP No. 816
Number of pages: 63 Posted: 08 Jun 2004 Last Revised: 31 Mar 2008
Christian Leuz, Karl V. Lins and Francis E. Warnock
University of Chicago - Booth School of Business, University of Utah - Department of Finance and University of Virginia - Darden Business School
Downloads 2,943 (2,782)
Citation 107

Abstract:

Corporate governance, Foreign investment, Ownership structure, Information flow, Earnings management, Shareholder base, Home bias

Do Foreigners Invest Less in Poorly Governed Firms?

NBER Working Paper No. w12222
Number of pages: 55 Posted: 25 May 2006
Christian Leuz, Karl V. Lins and Francis E. Warnock
University of Chicago - Booth School of Business, University of Utah - Department of Finance and University of Virginia - Darden Business School
Downloads 58 (309,074)
Citation 107

Abstract:

Do Foreigners Invest Less in Poorly Governed Firms?

Review of Financial Studies, 2008
Posted: 19 Mar 2008
Christian Leuz, Karl V. Lins and Francis E. Warnock
University of Chicago - Booth School of Business, University of Utah - Department of Finance and University of Virginia - Darden Business School

Abstract:

Corporate governance, Firm valuation, Foreign investment, Ownership structure, Information flow, Earnings management, Shareholder base, Emerging markets, Home bias

Do Foreigners Invest Less in Poorly Governed Firms?

The Review of Financial Studies, Vol. 22, Issue 8, pp. 3245-3285, 2009
Posted: 05 Aug 2009
Christian Leuz, Karl V. Lins and Francis E. Warnock
University of Chicago - Booth School of Business, University of Utah - Department of Finance and University of Virginia - Darden Business School

Abstract:

G11, G15, G32, G34

18.

Different Approaches to Corporate Reporting Regulation: How Jurisdictions Differ and Why

Chicago Booth Initiative on Global Markets Research Paper No. 53, ECGI - Law Working Paper No. 156/2010
Number of pages: 68 Posted: 30 Mar 2010 Last Revised: 31 May 2010
Christian Leuz
University of Chicago - Booth School of Business
Downloads 2,506 (2,761)
Citation 13

Abstract:

Accounting, Regulation, IFRS, U.S. GAAP, SEC, Standard Setting, Mandatory Disclosure, Political economy

19.

Cost of Capital Effects and Changes in Growth Expectations around U.S. Cross-Listings

Downloads 2,312 ( 4,285)
Citation 68

Cost of Capital Effects and Changes in Growth Expectations around U.S. Cross-Listings

ECGI - Finance Working Paper No. 46/2004, Wharton Financial Institutions Center Working Paper Series #06-19
Number of pages: 63 Posted: 19 Oct 2006 Last Revised: 20 Nov 2011
Luzi Hail and Christian Leuz
University of Pennsylvania - The Wharton School and University of Chicago - Booth School of Business
Downloads 2,312 (4,208)
Citation 68

Abstract:

Cross-listing, corporate governance, bonding hypothesis, cost of equity, disclosure, law and finance, international finance

Cost of Capital Effects and Changes in Growth Expectations Around U.S. Cross-Listings

Journal of Financial Economics, Vol. 93, No. 3, pp. 428-454, 2009
Posted: 03 Dec 2008 Last Revised: 20 Nov 2011
Luzi Hail and Christian Leuz
University of Pennsylvania - The Wharton School and University of Chicago - Booth School of Business

Abstract:

Corporate governance, cross-listing, bonding hypothesis, cost of equity, disclosure, law and finance, international finance

20.

Firms' Capital Allocation Choices, Information Quality, and the Cost of Capital

Number of pages: 26 Posted: 06 Feb 2004
Christian Leuz and Robert E. Verrecchia
University of Chicago - Booth School of Business and University of Pennsylvania - Accounting Department
Downloads 2,299 (3,767)
Citation 25

Abstract:

Cost of capital, Disclosure, Information risk, Asset pricing, Risk premium

21.

Economic Consequences of SEC Disclosure Regulation: Evidence from the OTC Bulletin Board

Downloads 1,908 ( 5,978)
Citation 100

Economic Consequences of SEC Disclosure Regulation: Evidence from the OTC Bulletin Board

AFA 2004 San Diego Meetings
Number of pages: 43 Posted: 19 Apr 2004
Brian J. Bushee and Christian Leuz
University of Pennsylvania - The Wharton School and University of Chicago - Booth School of Business
Downloads 1,908 (5,846)
Citation 100

Abstract:

Mandatory disclosure, enforcement, externalities, over-the-counter market, liquidity, listing choices, eligibility rule

Economic Consequences of SEC Disclosure Regulation: Evidence from the OTC Bulletin Board

Journal of Accounting & Economics, Vol. 39, No. 2, 2005
Posted: 15 Apr 2004
Brian J. Bushee and Christian Leuz
University of Pennsylvania - The Wharton School and University of Chicago - Booth School of Business

Abstract:

Mandatory disclosure, Enforcement, Externalities, Over-the-counter market, Liquidity, Listing choices, Eligibility rule

22.

The Role of Accounting in the German Financial System

CFS Working Paper No. 2003/16
Number of pages: 51 Posted: 21 Sep 2003
Christian Leuz and Jens Wüstemann
University of Chicago - Booth School of Business and University of Mannheim - Accounting and Taxation
Downloads 1,758 (5,577)
Citation 33

Abstract:

Accounting, Disclosure, Germany, Standards, Survey

23.

Disclosure and the Cost of Capital: Evidence from Firms' Response to the Enron Shock

Chicago Booth School of Business Research Paper No. 08-26
Number of pages: 65 Posted: 23 Dec 2008 Last Revised: 25 Nov 2011
Christian Leuz and Catherine M. Schrand
University of Chicago - Booth School of Business and University of Pennsylvania - Accounting Department
Downloads 1,690 (6,461)
Citation 17

Abstract:

Transparency, Disclosure, Cost of capital, Capital-market shocks, Financial crisis, Annual reports, Accounting scandals

24.

Proprietary versus Non-Proprietary Disclosures: Evidence from Germany

Number of pages: 45 Posted: 16 Apr 2004
Christian Leuz
University of Chicago - Booth School of Business
Downloads 1,640 (6,406)
Citation 18

Abstract:

Proprietary Costs, Voluntary disclosure, Competitive harm, Disclosure costs, Segment disclosures, Cash flow statements

25.

The Economics of Disclosure and Financial Reporting Regulation: Evidence and Suggestions for Future Research

Downloads 1,554 ( 8,517)
Citation 1

The Economics of Disclosure and Financial Reporting Regulation: Evidence and Suggestions for Future Research

European Corporate Governance Institute (ECGI) - Law Working Paper No. 306/2016, Chicago Booth Research Paper No. 16-03
Number of pages: 143 Posted: 20 Feb 2016 Last Revised: 09 Mar 2016
Christian Leuz and Peter D. Wysocki
University of Chicago - Booth School of Business and Boston University Questrom School of Business
Downloads 1,554 (8,358)
Citation 1

Abstract:

Transparency, Regulation, Accounting standards, Capital markets, Institutional economics, International accounting, Disclosure, IFRS, Political economy, Cost-benefit analysis, Real effects

The Economics of Disclosure and Financial Reporting Regulation: Evidence and Suggestions for Future Research

Journal of Accounting Research, Vol. 54, No. 2, 2016
Posted: 01 Sep 2016 Last Revised: 09 Sep 2016
Christian Leuz and Peter D. Wysocki
University of Chicago - Booth School of Business and Boston University Questrom School of Business

Abstract:

Transparency; Regulation; Accounting standards; Capital markets; Institutional economics; International accounting; Disclosure; IFRS; Political economy; Cost-benefit analysis; Real effects

26.

Political Relationships, Global Financing and Corporate Transparency: Evidence from Indonesia

Downloads 1,545 ( 8,598)
Citation 51

Political Relationships, Global Financing and Corporate Transparency: Evidence from Indonesia

Journal of Financial Economics (JFE), 2006
Number of pages: 46 Posted: 04 Aug 2005 Last Revised: 17 Mar 2008
Felix Oberholzer-Gee and Christian Leuz
Harvard Business School, Strategy Unit and University of Chicago - Booth School of Business
Downloads 1,545 (8,435)
Citation 51

Abstract:

Cross listing, Financing choices, Emerging markets, Asian financial crisis, Indonesia, Disclosure

Political Relationships, Global Financing and Corporate Transparency: Evidence from Indonesia

Journal of Financial Economics, Vol. 81, pp. 411-439, August 2006
Posted: 03 Aug 2006
Felix Oberholzer-Gee and Christian Leuz
Harvard Business School, Strategy Unit and University of Chicago - Booth School of Business

Abstract:

Cross listing, Financing choices, Emerging markets, Asian financial crisis, Indonesia, Disclosure

27.

Capital Market Effects of Mandatory IFRS Reporting in the EU: Empirical Evidence

Number of pages: 85 Posted: 13 Dec 2009 Last Revised: 20 Nov 2011
Luzi Hail and Christian Leuz
University of Pennsylvania - The Wharton School and University of Chicago - Booth School of Business
Downloads 1,270 (8,266)
Citation 10

Abstract:

Regulation, International accounting, European Union, IAS, Disclosure, Market liquidity, Cost of equity

28.

Was the Sarbanes-Oxley Act of 2002 Really this Costly? A Discussion of Evidence from Event Returns and Going-Private Decisions

Journal of Accounting & Economics (JAE), Vol. 44, 2007
Number of pages: 33 Posted: 03 Jun 2007
Christian Leuz
University of Chicago - Booth School of Business
Downloads 1,187 (11,836)
Citation 43

Abstract:

Securities regulation, Event study, Disclosure, Corporate governance, Cost-benefit analysis, Stock returns, Going private, Going dark

29.

Public Audit Oversight and Reporting Credibility: Evidence from the PCAOB Inspection Regime

Downloads 1,036 ( 16,218)

Public Audit Oversight and Reporting Credibility: Evidence from the PCAOB Inspection Regime

European Corporate Governance Institute (ECGI) - Finance Working Paper No. 453/2015, Chicago Booth Research Paper No. 15-40
Number of pages: 94 Posted: 08 Sep 2015 Last Revised: 20 Dec 2016
Brandon Gipper, Christian Leuz and Mark G. Maffett
Stanford University Graduate School of Business, University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 1,029 (16,077)

Abstract:

Auditing, Enforcement, Regulation, Earnings response coefficients, Cost of capital

Public Audit Oversight and Reporting Credibility: Evidence from the PCAOB Inspection Regime

NBER Working Paper No. w21530
Number of pages: 95 Posted: 08 Sep 2015
Brandon Gipper, Christian Leuz and Mark G. Maffett
Stanford University Graduate School of Business, University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 7 (533,281)

Abstract:

30.

Discussion of ADRs, Analysts, and Accuracy: Does Cross Listing in the U.S. Improve a Firm's Information Environment and Increase Market Value?

Number of pages: 24 Posted: 20 Jan 2003
Christian Leuz
University of Chicago - Booth School of Business
Downloads 991 (16,611)
Citation 17

Abstract:

analyst forecasts, cross listing, cost of capital, disclosure, enforcement

31.

The Effect of Regulatory Harmonization on Cross-Border Labor Migration: Evidence from the Accounting Profession

Downloads 847 ( 21,953)

The Effect of Regulatory Harmonization on Cross-Border Labor Migration: Evidence from the Accounting Profession

European Corporate Governance Institute (ECGI) - Law Working Paper No. 303/2016, Chicago Booth Research Paper No. 15-03
Number of pages: 82 Posted: 19 Jan 2015 Last Revised: 22 Dec 2016
Matthew J. Bloomfield, Ulf Brüggemann, Hans Bonde Christensen and Christian Leuz
University of Chicago - Booth School of Business, Humboldt University of Berlin - School of Business and Economics, University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 774 (24,619)

Abstract:

Accounting harmonization, Regulation, IFRS, European Union, Labor migration and mobility

The Effect of Regulatory Harmonization on Cross-Border Labor Migration: Evidence from the Accounting Profession

CESifo Working Paper Series No. 5661
Number of pages: 83 Posted: 22 Jan 2016
Matthew J. Bloomfield, Ulf Brüggemann, Hans Bonde Christensen and Christian Leuz
University of Chicago - Booth School of Business, Humboldt University of Berlin - School of Business and Economics, University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 69 (281,834)

Abstract:

accounting harmonization, regulation, IFRS, European Union, labor migration and mobility

The Effect of Regulatory Harmonization on Cross-Border Labor Migration: Evidence from the Accounting Profession

NBER Working Paper No. w20888
Number of pages: 83 Posted: 27 Jan 2015
Matthew J. Bloomfield, Ulf Brüggemann, Hans Bonde Christensen and Christian Leuz
University of Chicago - Booth School of Business, Humboldt University of Berlin - School of Business and Economics, University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 4 (548,313)

Abstract:

The Effect of Regulatory Harmonization on Cross-Border Labor Migration: Evidence from the Accounting Profession

Journal of Accounting Research, Forthcoming
Posted: 23 Dec 2016
Matthew J. Bloomfield, Ulf Brüggemann, Hans Bonde Christensen and Christian Leuz
University of Chicago - Booth School of Business, Humboldt University of Berlin - School of Business and Economics, University of Chicago - Booth School of Business and University of Chicago - Booth School of Business

Abstract:

Accounting harmonization, Regulation, IFRS, European Union, Labor migration and mobility

The Effect of Regulatory Harmonization on Cross-Border Labor Migration: Evidence from the Accounting Profession

Journal of Accounting Research, Vol. 55, No. 1, March 2017
Posted: 25 Jul 2017
Matthew J. Bloomfield, Ulf Brüggemann, Hans Bonde Christensen and Christian Leuz
University of Chicago - Booth School of Business, Humboldt University of Berlin - School of Business and Economics, University of Chicago - Booth School of Business and University of Chicago - Booth School of Business

Abstract:

Accounting Harmonization; Regulation; IFRS; European Union; Labor Migration and Mobility

32.

The Development of Voluntary Cash Flow Statements in Germany and the Influence of International Reporting Standards

Downloads 791 ( 24,204)
Citation 2

The Development of Voluntary Cash Flow Statements in Germany and the Influence of International Reporting Standards

Number of pages: 36 Posted: 27 Sep 1999
Christian Leuz
University of Chicago - Booth School of Business
Downloads 791 (23,813)
Citation 2

Abstract:

The Development of Voluntary Cash Flow Statements in Germany and the Influence of International Reporting Standards

Schmalenbach Business Review, Vol. 52, pp. 182-207, April 2000
Posted: 20 May 2002
Christian Leuz
University of Chicago - Booth School of Business

Abstract:

33.

The Twilight Zone: OTC Regulatory Regimes and Market Quality

Downloads 771 ( 25,137)

The Twilight Zone: OTC Regulatory Regimes and Market Quality

IGM Working Paper #95, Fisher College of Business Working Paper No. 2013-03-09, European Corporate Governance Institute (ECGI) - Law Working Paper No. 224/2013, Charles A. Dice Center Working Paper No. 2013-09
Number of pages: 112 Posted: 06 Jul 2013 Last Revised: 27 Jun 2017
Ulf Brüggemann, Aditya Kaul, Christian Leuz and Ingrid M. Werner
Humboldt University of Berlin - School of Business and Economics, University of Alberta - Department of Finance and Statistical Analysis, University of Chicago - Booth School of Business and The Ohio State University - Fisher College of Business
Downloads 765 (25,017)

Abstract:

Securities Regulation, Disclosure, Liquidity, Crash Risk, Blue Sky Laws, Pink Sheets, Bulletin Board, JOBS Act

The Twilight Zone: OTC Regulatory Regimes and Market Quality

NBER Working Paper No. w19358
Number of pages: 100 Posted: 24 Aug 2013
Ulf Brüggemann, Aditya Kaul, Christian Leuz and Ingrid M. Werner
Humboldt University of Berlin - School of Business and Economics, University of Alberta - Department of Finance and Statistical Analysis, University of Chicago - Booth School of Business and The Ohio State University - Fisher College of Business
Downloads 6 (538,274)

Abstract:

34.

Proper Inferences or a Market for Excuses? The Capital-Market Effects of Mandatory IFRS Adoption

Number of pages: 26 Posted: 02 Sep 2013 Last Revised: 12 Oct 2013
Hans Bonde Christensen, Luzi Hail and Christian Leuz
University of Chicago - Booth School of Business, University of Pennsylvania - The Wharton School and University of Chicago - Booth School of Business
Downloads 743 (19,407)

Abstract:

Barth and Israeli Discussion, IFRS, Enforcement, International Accounting, Liquidity, Policy Implications, Identification

35.

Cross Listing, Bonding and Firms' Reporting Incentives: A Discussion of Lang, Raedy and Wilson (JAE 2006)

Number of pages: 27 Posted: 15 Sep 2005
Christian Leuz
University of Chicago - Booth School of Business
Downloads 553 (35,363)
Citation 28

Abstract:

Cross listing, Earnings quality, Enforcement, Ownership structure, Bonding, US GAAP, Reconciliation

36.

Disclosure and the Cost of Capital: Evidence from Firms' Responses to the Enron Shock

NBER Working Paper No. w14897
Number of pages: 66 Posted: 20 Apr 2009
Christian Leuz and Catherine M. Schrand
University of Chicago - Booth School of Business and University of Pennsylvania - Accounting Department
Downloads 68 (246,559)
Citation 20

Abstract:

37.

Global Accounting Convergence and the Potential Adoption of IFRS by the U.S. (Part II): Political Factors and Future Scenarios for U.S. Accounting Standards

Accounting Horizons, Vol. 24, No. 4, pp. 567-588, 2010
Posted: 18 Dec 2010
Luzi Hail, Christian Leuz and Peter D. Wysocki
University of Pennsylvania - The Wharton School, University of Chicago - Booth School of Business and Boston University Questrom School of Business

Abstract:

Accounting Regulation, Standard Setting, U.S. Equity Markets, Mandatory Disclosure, Political Economy, Harmonization

38.

Cross Listing, Bonding and Firms' Reporting Incentives: A Discussion

Journal of Accounting and Economics, Vol. 42, No. 1-2, 2006
Posted: 30 Jun 2006
Christian Leuz
University of Chicago - Booth School of Business

Abstract:

Cross listing, Earnings quality, Enforcement, Ownership structure, Bonding, US GAAP, Reconciliation

39.

The Role of Accrual Accounting in Restricting Dividends to Shareholders

Downloads 0 (558,014)

The Role of Accrual Accounting in Restricting Dividends to Shareholders

European Accounting Review, 1998, Vol. 7, pp. 579-604
Posted: 09 Nov 2000
Christian Leuz
University of Chicago - Booth School of Business

Abstract:

The Role of Accrual Accounting in Restricting Dividends to Shareholders

Posted: 19 May 1997
Christian Leuz
University of Chicago - Booth School of Business

Abstract:

40.

An International Comparison of Accounting-Based Payout Restrictions in the United States, United Kingdom and Germany

Downloads 0 (558,014)

An International Comparison of Accounting-Based Payout Restrictions in the United States, United Kingdom and Germany

Accounting and Business Research, Vol. 28, pp. 111-129, Spring 1998
Posted: 17 Dec 1997
Christian Leuz, Dominic Deller and Michael Stubenrath
University of Chicago - Booth School of Business, Johan Wolfgang Goethe University and Johan Wolfgang Goethe University

Abstract:

An International Comparison of Accounting-Based Payout Restrictions in the United States, United Kingdom and Germany

Posted: 12 May 1997
Christian Leuz, Dominic Deller and Michael Stubenrath
University of Chicago - Booth School of Business, Johan Wolfgang Goethe University and Johan Wolfgang Goethe University

Abstract:

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