Luzi Hail

University of Pennsylvania - The Wharton School

Professor of Accounting

3641 Locust Walk

Philadelphia, PA 19104-6365

United States

European Corporate Governance Institute (ECGI)

c/o the Royal Academies of Belgium

Rue Ducale 1 Hertogsstraat

1000 Brussels

Belgium

  • University of Pennsylvania - The Wharton School

    • Email
    • Tel: 215-898-8205
    • Fax: 215-573-2054

  • European Corporate Governance Institute (ECGI)

SCHOLARLY PAPERS

29

DOWNLOADS
Rank 194

SSRN RANKINGS

Top 194

in Total Papers Downloads

68,482

SSRN CITATIONS
Rank 1,253

SSRN RANKINGS

Top 1,253

in Total Papers Citations

558

CROSSREF CITATIONS

327

Scholarly Papers (29)

Actions:
Email selected abstracts
1.

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

Downloads 13,140 ( 289)

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

ECGI - Finance Working Paper No. 198/2008
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 13,140 (284)
Citation 85

Abstract:

Loading...

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:

Loading...

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

2.

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

Downloads 12,947 ( 296)
Citation 40

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 12,947 (292)
Citation 40

Abstract:

Loading...

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:

Loading...

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

3.

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

Downloads 5,025 ( 1,668)
Citation 168

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 5,025 (1,646)
Citation 168

Abstract:

Loading...

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:

Loading...

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

4.

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

Downloads 4,906 ( 1,758)

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 4,906 (1,728)
Citation 42

Abstract:

Loading...

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:

Loading...

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

5.

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

Downloads 4,512 ( 2,037)

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

ECGI - Law Working Paper No. 15/2003
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 4,512 (2,002)
Citation 100

Abstract:

Loading...

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:

Loading...

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

6.

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

Downloads 3,858 ( 2,661)
Citation 72

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

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 3,515 (3,048)
Citation 7

Abstract:

Loading...

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 265 (124,846)
Citation 1

Abstract:

Loading...

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 78 (338,461)
Citation 22

Abstract:

Loading...

7.

Mandatory IFRS Reporting and Changes in Enforcement

Downloads 3,590 ( 3,008)

Mandatory IFRS Reporting and Changes in Enforcement

ECGI - Finance Working Paper No. 377/2013
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 3,590 (2,953)
Citation 93

Abstract:

Loading...

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:

Loading...

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

8.

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

Downloads 2,409 ( 5,884)

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

ECGI - Finance Working Paper No. 46/2004
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 2,409 (5,788)
Citation 42

Abstract:

Loading...

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:

Loading...

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

9.

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 1,839 (9,325)
Citation 29

Abstract:

Loading...

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

10.

The Impact of Voluntary Corporate Disclosures on the Ex Ante Cost of Capital for Swiss Firms

Downloads 1,667 ( 10,914)

The Impact of Voluntary Corporate Disclosures on the Ex Ante Cost of Capital for Swiss Firms

Number of pages: 32 Posted: 17 Aug 2001
Luzi Hail
University of Pennsylvania - The Wharton School
Downloads 1,667 (10,726)
Citation 11

Abstract:

Loading...

Voluntary disclosure; Disclosure quality; Financial reporting; Valuation; Cost of capital; Analysts' behavior

The Impact of Voluntary Corporate Disclosures on the Ex-Ante Cost of Capital for Swiss Firms

European Accounting Review, Vol. 11, No. 4, pp. 741-773, 2002
Posted: 18 Oct 2002 Last Revised: 20 Nov 2011
Luzi Hail
University of Pennsylvania - The Wharton School

Abstract:

Loading...

voluntary disclosure, disclosure quality, financial reporting, valuation, cost of capital, analysts' behavior

11.

Corporate Scandals and Regulation

Downloads 1,656 ( 11,051)
Citation 8

Corporate Scandals and Regulation

European Corporate Governance Institute (ECGI) - Law Working Paper No. 367/2017
Number of pages: 74 Posted: 02 May 2017 Last Revised: 15 Aug 2018
Luzi Hail, Ahmed Tahoun and Clare Wang
University of Pennsylvania - The Wharton School, London Business School and University of Colorado at Boulder - Leeds School of Business
Downloads 1,537 (12,134)
Citation 9

Abstract:

Loading...

Accounting fraud, Corporate scandals, Capital market regulation, Economics of regulation, Law and finance, International accounting

Corporate Scandals and Regulation

Institute for New Economic Thinking Working Paper Series No. 71
Number of pages: 68 Posted: 09 Aug 2018
Luzi Hail, Ahmed Tahoun and Clare Wang
University of Pennsylvania - The Wharton School, London Business School and University of Colorado at Boulder - Leeds School of Business
Downloads 119 (255,280)

Abstract:

Loading...

Accounting fraud, Corporate scandals, Capital market regulation, Economics of regulation, Law and finance, International accounting

Corporate Scandals and Regulation

Journal of Accounting Research, Vol. 56, No. 2, 2018
Posted: 02 Aug 2018
Luzi Hail, Ahmed Tahoun and Clare Wang
University of Pennsylvania - The Wharton School, London Business School and University of Colorado at Boulder - Leeds School of Business

Abstract:

Loading...

accounting fraud; corporate scandals; capital market regulation; economics of regulation; law and finance; international accounting

12.

Economic Analysis of Widespread Adoption of CSR and Sustainability Reporting Standards

Number of pages: 170 Posted: 25 Jan 2019
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 1,299 (16,131)
Citation 10

Abstract:

Loading...

Accounting, Regulation, SASB, GRI, Standard setting, Mandatory disclosure, Sustainability, CSR, Environmental, social and governance (ESG) factors

13.

Adoption of CSR and Sustainability Reporting Standards: Economic Analysis and Review

Downloads 1,203 ( 18,113)
Citation 1

Adoption of CSR and Sustainability Reporting Standards: Economic Analysis and Review

European Corporate Governance Institute - Finance Working Paper No. 623/2019
Number of pages: 121 Posted: 31 Jul 2019 Last Revised: 09 Aug 2019
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 1,189 (18,089)
Citation 1

Abstract:

Loading...

Accounting, Regulation, SASB, GRI, Standard setting, Mandatory disclosure, Sustainability, CSR, Environmental and social and governance (ESG) factors

Adoption of CSR and Sustainability Reporting Standards: Economic Analysis and Review

NBER Working Paper No. w26169
Number of pages: 116 Posted: 20 Aug 2019
Hans 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 14 (625,727)
  • Add to Cart

Abstract:

Loading...

14.

A Tale of Two Supervisors: Compliance with Risk Disclosure Regulation in the Banking Sector

Number of pages: 70 Posted: 20 Mar 2015 Last Revised: 14 Jan 2020
Jannis Bischof, Holger Daske, Ferdinand Elfers and Luzi Hail
University of Mannheim - Accounting and Taxation, University of Mannheim - Accounting and Taxation, Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE) and University of Pennsylvania - The Wharton School
Downloads 1,131 (19,866)
Citation 13

Abstract:

Loading...

Disclosure regulation, Risk disclosures, Liquidity, Financial institutions, Market supervision, IFRS, Basel II, International accounting

15.

On the Economics of Mandatory Audit Partner Rotation and Tenure: Evidence from PCAOB Data

Downloads 1,094 ( 20,877)
Citation 8

On the Economics of Mandatory Audit Partner Rotation and Tenure: Evidence from PCAOB Data

Stanford University Graduate School of Business Research Paper No. 17-56
Number of pages: 61 Posted: 23 Aug 2017 Last Revised: 24 Mar 2020
Brandon Gipper, Luzi Hail and Christian Leuz
Stanford University Graduate School of Business, University of Pennsylvania - The Wharton School and University of Chicago - Booth School of Business
Downloads 938 (25,709)
Citation 3

Abstract:

Loading...

Auditing, Audit fees, Audit quality, Auditor rotation, Audit partner tenure, Competition, PCAOB

On the Economics of Mandatory Audit Partner Rotation and Tenure: Evidence from PCAOB Data

Center for Financial Studies Working Paper No. 608
Number of pages: 61 Posted: 16 Dec 2018 Last Revised: 24 Mar 2020
Brandon Gipper, Luzi Hail and Christian Leuz
Stanford University Graduate School of Business, University of Pennsylvania - The Wharton School and University of Chicago - Booth School of Business
Downloads 132 (235,885)
Citation 4

Abstract:

Loading...

Auditing, Audit fees, Audit quality, Auditor rotation, Audit partner tenure, Competition, PCAOB

On the Economics of Audit Partner Tenure and Rotation: Evidence from PCAOB Data

NBER Working Paper No. w24018
Number of pages: 77 Posted: 13 Nov 2017
Brandon Gipper, Luzi Hail and Christian Leuz
Stanford University Graduate School of Business, University of Pennsylvania - The Wharton School and University of Chicago - Booth School of Business
Downloads 24 (555,421)
Citation 1

Abstract:

Loading...

16.

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 1,052 (22,108)
Citation 5

Abstract:

Loading...

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

17.

Equity Cross-Listings in the U.S. and the Price of Debt

Downloads 1,006 ( 23,648)
Citation 19

Equity Cross-Listings in the U.S. and the Price of Debt

ECGI - Finance Working Paper No. 274/2010
Number of pages: 44 Posted: 30 Jun 2009 Last Revised: 18 Aug 2017
Ryan T. Ball, Luzi Hail and Florin P. Vasvari
The Stephen M. Ross School of Business at the University of Michigan, University of Pennsylvania - The Wharton School and London Business School
Downloads 1,006 (23,255)
Citation 23

Abstract:

Loading...

Corporate governance, Bonding hypothesis, Debt financing, Disclosure, Law and finance, International accounting

Equity Cross-Listings in the U.S. and the Price of Debt

Review of Accounting Studies, Vol. 23, pp. 385-421, 2018
Posted: 04 May 2020
Ryan T. Ball, Luzi Hail and Florin P. Vasvari
The Stephen M. Ross School of Business at the University of Michigan, University of Pennsylvania - The Wharton School and London Business School

Abstract:

Loading...

Corporate governance, Bonding hypothesis, Debt financing, Disclosure, Law and finance, International accounting

18.

Financial Reporting and Firm Valuation: Relevance Lost or Relevance Regained?

Downloads 924 ( 26,728)

Financial Reporting and Firm Valuation: Relevance Lost or Relevance Regained?

Number of pages: 44 Posted: 15 Jan 2013 Last Revised: 21 Apr 2013
Luzi Hail
University of Pennsylvania - The Wharton School
Downloads 924 (26,295)

Abstract:

Loading...

international accounting, valuation, value relevance, fundamental analysis, regulation, market efficiency, IFRS, fair values

Financial Reporting and Firm Valuation: Relevance Lost or Relevance Regained?

Accounting and Business Research, Vol. 43, No. 4, pp. 329-358, 2013
Posted: 24 Jun 2013
Luzi Hail
University of Pennsylvania - The Wharton School

Abstract:

Loading...

international accounting, valuation, value relevance, fundamental analysis, regulation, market efficiency, IFRS, fair values

19.

Mandatory Disclosure Quality, Inside Ownership, and Cost of Capital

Downloads 899 ( 27,787)
Citation 8

Mandatory Disclosure Quality, Inside Ownership, and Cost of Capital

Number of pages: 48 Posted: 01 Jun 2014 Last Revised: 25 Oct 2014
John E. Core, Luzi Hail and Rodrigo S. Verdi
Massachusetts Institute of Technology (MIT) - Sloan School of Management, University of Pennsylvania - The Wharton School and Massachusetts Institute of Technology (MIT)
Downloads 899 (27,351)
Citation 8

Abstract:

Loading...

Cost of equity, Disclosure regulation, Ownership, Law and finance, International accounting, Legal system

Mandatory Disclosure Quality, Inside Ownership, and Cost of Capital

European Accounting Review, Vol. 24, No. 1, pp. 1-29, 2015
Posted: 07 Apr 2015
John E. Core, Luzi Hail and Rodrigo S. Verdi
Massachusetts Institute of Technology (MIT) - Sloan School of Management, University of Pennsylvania - The Wharton School and Massachusetts Institute of Technology (MIT)

Abstract:

Loading...

Cost of equity, Disclosure regulation, Ownership, Law and finance, International accounting, Legal system

20.

Dividend Payouts and Information Shocks

Downloads 749 ( 35,837)

Dividend Payouts and Information Shocks

European Corporate Governance Institute (ECGI) - Finance Working Paper No. 409/2014
Number of pages: 68 Posted: 06 May 2013 Last Revised: 26 Feb 2014
Luzi Hail, Ahmed Tahoun and Clare Wang
University of Pennsylvania - The Wharton School, London Business School and University of Colorado at Boulder - Leeds School of Business
Downloads 749 (35,292)
Citation 8

Abstract:

Loading...

Dividend policy, Payout policy, International accounting, Information environment, IFRS, Insider trading laws

Dividend Payouts and Information Shocks

Journal of Accounting Research, Vol. 52, No. 2, pp. 403-456, 2014
Posted: 14 Apr 2014
Luzi Hail, Ahmed Tahoun and Clare Wang
University of Pennsylvania - The Wharton School, London Business School and University of Colorado at Boulder - Leeds School of Business

Abstract:

Loading...

Dividend policy, Payout policy, International accounting, Information environment, IFRS, Insider trading laws

Dividend Payouts and Information Shocks

Journal of Accounting Research, Vol. 52, No. 2, 2014
Posted: 10 Sep 2014
Luzi Hail, Ahmed Tahoun and Clare Wang
University of Pennsylvania - The Wharton School, London Business School and University of Colorado at Boulder - Leeds School of Business

Abstract:

Loading...

Dividend policy, Payout policy, International accounting, Information environment, IFRS, Insider trading laws

21.

Economic Analysis of Widespread Adoption of CSR and Sustainability Reporting Standards: Structured Overview of CSR Literature

Number of pages: 117 Posted: 14 Jan 2019 Last Revised: 27 Jan 2019
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 646 (43,738)
Citation 2

Abstract:

Loading...

Accounting, Regulation, SASB, GRI, Standard setting, Mandatory disclosure, Sustainability, CSR, Environmental, social and governance (ESG) factors

22.

Cross-Country Evidence on the Relation between Capital Gains Taxes, Risk, and Expected Returns

Downloads 604 ( 47,582)
Citation 2

Cross-Country Evidence on the Relation between Capital Gains Taxes, Risk, and Expected Returns

Number of pages: 57 Posted: 27 Feb 2014 Last Revised: 16 Jan 2016
Luzi Hail, Stephanie A. Sikes and Clare Wang
University of Pennsylvania - The Wharton School, University of Pennsylvania - Accounting Department and University of Colorado at Boulder - Leeds School of Business
Downloads 395 (79,992)
Citation 1

Abstract:

Loading...

Tax capitalization, Personal taxes, Market risk, Cost of capital, Risk sharing, International economics

Cross-Country Evidence on the Relation between Capital Gains Taxes, Risk, and Expected Returns

2014 American Taxation Association Midyear Meeting
Number of pages: 57 Posted: 03 Mar 2014 Last Revised: 16 Jan 2016
Luzi Hail, Stephanie A. Sikes and Clare Wang
University of Pennsylvania - The Wharton School, University of Pennsylvania - Accounting Department and University of Colorado at Boulder - Leeds School of Business
Downloads 209 (158,141)
Citation 2

Abstract:

Loading...

Tax capitalization, Personal taxes, Market risk, Cost of capital, Risk sharing, International economics

Cross-Country Evidence on the Relation between Capital Gains Taxes, Risk, and Expected Returns

Journal of Public Economics, Vol. 151, pp. 56-73, 2017
Posted: 26 Sep 2017
Luzi Hail, Stephanie A. Sikes and Clare Wang
University of Pennsylvania - The Wharton School, University of Pennsylvania - Accounting Department and University of Colorado at Boulder - Leeds School of Business

Abstract:

Loading...

Tax capitalization, Personal taxes, Market risk, Cost of capital, Risk sharing, International economics

23.

Do Risk Disclosures Matter When it Counts? Evidence from the Swiss Franc Shock

Number of pages: 62 Posted: 25 Mar 2017 Last Revised: 29 Jun 2020
Luzi Hail, Maximilian Muhn and David Oesch
University of Pennsylvania - The Wharton School, Humboldt University of Berlin and University of Zurich
Downloads 587 (49,606)
Citation 4

Abstract:

Loading...

Risk disclosures, adverse selection, liquidity, information asymmetry, currency risk, archival studies, surveys

24.

Capital Gains Taxes, Pricing Spreads and Arbitrage: Evidence from Cross-Listed Firms in the U.S.

Downloads 554 ( 53,335)
Citation 7

Capital Gains Taxes, Pricing Spreads and Arbitrage: Evidence from Cross-Listed Firms in the U.S.

AFA 2006 Boston Meetings Paper
Number of pages: 57 Posted: 11 Mar 2005 Last Revised: 15 Nov 2011
Jennifer Blouin, Luzi Hail and Michelle Yetman
University of Pennsylvania - Accounting Department, University of Pennsylvania - The Wharton School and University of California, Davis - Graduate School of Management
Downloads 554 (52,716)
Citation 7

Abstract:

Loading...

Tax capitalization, Personal taxes, American Depositary Receipts, Arbitrage, Cost of Capital, International Asset Pricing

Capital Gains Taxes, Pricing Spreads, and Arbitrage: Evidence from Cross-Listed Firms in the U.S.

Accounting Review, Vol. 84, No. 5, pp. 1321-1361, 2009
Posted: 12 Jan 2009 Last Revised: 20 Nov 2011
Jennifer Blouin, Luzi Hail and Michelle Yetman
University of Pennsylvania - Accounting Department, University of Pennsylvania - The Wharton School and University of California, Davis - Graduate School of Management

Abstract:

Loading...

Tax Capitalization, Personal Taxes, American Depositary Receipts, Arbitrage, Cost of Capital, International Asset Pricing

25.

Discussion of Investor Protection and Analysts' Cash Flow Forecasts Around the World

Downloads 352 ( 91,338)
Citation 7

Discussion of Investor Protection and Analysts' Cash Flow Forecasts Around the World

Number of pages: 26 Posted: 17 Jan 2007
Luzi Hail
University of Pennsylvania - The Wharton School
Downloads 352 (91,578)
Citation 7

Abstract:

Loading...

international accounting, investor protection, legal system, earnings quality, analyst forecasts, cash flows

Discussion of Investor Protection and Analysts' Cash Flow Forecasts Around the World

Review of Accounting Studies, Vol. 12, Nos. 2-3, pp. 421-441, 2007
Posted: 11 Jun 2007
Luzi Hail
University of Pennsylvania - The Wharton School

Abstract:

Loading...

International accounting, Investor protection, Legal system, Earnings quality, Analyst forecasts, Cash flows

26.

Corporate Scandals and Regulation: Appendix on Data Collection for Historical Time-Series from 1800 to 2015

Number of pages: 175 Posted: 01 May 2017 Last Revised: 05 May 2018
Luzi Hail, Ahmed Tahoun and Clare Wang
University of Pennsylvania - The Wharton School, London Business School and University of Colorado at Boulder - Leeds School of Business
Downloads 317 (103,712)
Citation 1

Abstract:

Loading...

Accounting fraud, Corporate scandals, Capital market regulation, Economics of regulation, Law and finance, International accounting

27.

Discussion of Consequences and Institutional Determinants of Unregulated Corporate Financial Statements: Evidence from Embedded Value Reporting

Downloads 269 (123,487)

Discussion of Consequences and Institutional Determinants of Unregulated Corporate Financial Statements: Evidence from Embedded Value Reporting

Number of pages: 28 Posted: 11 Jan 2011 Last Revised: 20 Nov 2011
Luzi Hail
University of Pennsylvania - The Wharton School
Downloads 269 (122,849)

Abstract:

Loading...

Voluntary Disclosure, Bonding Mechanisms, International Accounting, Regulation, Market Liquidity, Bid-Ask Spreads, Information Asymmetry

Discussion of Consequences and Institutional Determinants of Unregulated Corporate Financial Statements: Evidence from Embedded Value Reporting

Journal of Accounting Research, Vol. 49, No. 2, pp. 573-594, 2011
Posted: 03 Apr 2011
Luzi Hail
University of Pennsylvania - The Wharton School

Abstract:

Loading...

Voluntary Disclosure, Bonding Mechanisms, International Accounting, Regulation, Market Liquidity, Bid-Ask Spreads, Information Asymmetry

28.

Reproducibility in Accounting Research: Views of the Research Community

Downloads 247 (134,901)

Reproducibility in Accounting Research: Views of the Research Community

Number of pages: 35 Posted: 06 Apr 2020 Last Revised: 07 Apr 2020
Luzi Hail, Mark H. Lang and Christian Leuz
University of Pennsylvania - The Wharton School, University of North Carolina at Chapel Hill and University of Chicago - Booth School of Business
Downloads 247 (134,322)

Abstract:

Loading...

accounting research, ethics, expert survey, publication process, research methodology, replication, reproducibility

Reproducibility in Accounting Research: Views of the Research Community

Journal of Accounting Research, Volume 58, Issue 2 (2020)
Posted: 01 Jul 2020
Luzi Hail, Mark H. Lang and Christian Leuz
University of Pennsylvania - The Wharton School, University of North Carolina at Chapel Hill and University of Chicago - Booth School of Business

Abstract:

Loading...

accounting research; ethics; expert survey; publication process; research methodology; replication; reproducibility

29.

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:

Loading...

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