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| Semester | spring semester 2020 |
| Course frequency | Every spring sem. |
| Lecturers | Ulf Schiller (ulf.schiller@unibas.ch, Assessor) |
| Content | The course aims to lead interested master students towards modern research questions in the field of the Economics of Accounting. We will introduce selected contemporary research topics in the field by discussing a number of important research papers. Students will get the task to solve related analytical problems. A background in game theory is needed. Mathematical knowledge should include calculus, especially differentiation and integration. |
| Bibliography | Tentative reading list (subject to modification) Antle, R. and Eppen, G. (1985): Capital Rationing and Organizational Slack in Capital Budgeting, Management Science, 31 (2), 163-174 Arya, A., Glover, J.C., and Sunder, S. (1998): Earnings Management and the Revelation Principle, Review of Accounting Studies 3(1-2), pp 7-34 Arya, A., Glover, J.C., and Sivaramakrishnan, K. (1997): The Interaction between Decision and Control Problems and the Value of Information, The Accounting Review , Vol. 72, No. 4, 561-574 Börgers, T. (2015): An Introduction to the Theory of Mechanism Design (with a chapter by D. Krähmer and R. Strausz), Oxford University Press , 2015 Gigler, F. and Hemmer, T. (2001): Conservatism, Optimal Disclosure Policy, and the Timeliness of Financial Reports, The Accounting Review, Vol. 76, No. 4, 471-493 Gigler, F., Kanodia, C., Sapra, H. and Venugopalan, R. (2009): Accounting Conservatism and the Efficiency of Debt Contracts. Journal of Accounting Research 47: 767–797. Göx, R.F. and Wagenhofer, A. (2009): Optimal impairment rules, Journal of Accounting and Economics 48: 2-16. Holmström, B. (1979): Moral Hazard and Observability, The Bell Journal of Economics , Vol. 10, No. 1, pp. 74-91 Jovanovic, B. (1982): Truthful Disclosure of Information, The Bell Journal of Economics 13 (Spring, 1982), pp. 36-44. Jung, W.O. and Kwon, Y.K. (1988): Disclosure When the Market Is Unsure of Information Endowment of Managers, Journal of Accounting Research 26: 146-153. Korn, E. and Schiller, U. (2003): Voluntary Disclosure of Nonproprietary Information: A Complete Equilibrium Characterization. Journal of Business Finance & Accounting 30: 1327–1339. Plantin, G, Sapra, H, & Shin, HS (2008): Marking-to-Market: Panacea or Pandora’s Box? Journal of Accounting Research 46: 435-460. Verrecchia, R.E. (1983): Discretionary disclosure, Journal of Accounting and Economics 5: 179-194. |
| Weblink | Weblink |
| Admission requirements | Prerequisites: completed Bachelor in Business and Economics The course level is advanced. Students are expected to take the course by the end of their Master studies, i.e., after having acquired a methodological background. This background comprises all four “Kernfach” lectures at the University of Basel. In particular a strong background in game theory, decision theory, and mathematical knowledge regarding calculus, especially differentiation and integration is required. While I do not require successful participation at the above courses formally, I urgently ask you to judge yourself in a self-responsible manner before signing up for the course. |
| Course application | Registration: Please enrol in MOnA. Enrolment = Registration for the exam! |
| Language of instruction | English |
| Use of digital media | No specific media used |
| Interval | Weekday | Time | Room |
|---|
No dates available. Please contact the lecturer.
| Modules |
Specialization Module: Finance, Controlling and Banking (Master's Studies: Business and Economics) |
| Assessment format | end-of-semester examination |
| Assessment details | Exam: There will be no formal exam. Students will be required to solve three homework problem sets and present the solutions in class individually. Grades will be awarded depending on the correctness and quality of the submitted solution and the presentation. |
| Assessment registration/deregistration | Registration: course registration |
| Repeat examination | no repeat examination |
| Scale | 1-6 0,1 |
| Repeated registration | as often as necessary |
| Responsible faculty | Faculty of Business and Economics , studiendekanat-wwz@unibas.ch |
| Offered by | Faculty of Business and Economics |