EINLADUNG
zum
Betriebswirtschaftlichen Forschungsseminar
des Instituts fuer Betriebswirtschaftslehre
der Universitaet Wien
Bruenner Strasse 72, 1210 Wien
Freitag, 29.03.1996; 15.30 Uhr; HS 8 des BWZ
Prof. Michael Kirschenheiter (Columbia University)
,Managerial Discretion Under Alternative Accounting
Standards"
Abstract:
This paper compares financial reporting discretion under market value
and historical cost standards where holding gains are reported under
the former and not under the latter. Management affects reported
earnings by selling a portion of the asset at the interim date or, under
the market value standard, by reporting a different estimate.
Conditions are presented where, with perfect markets, the principal is
indifferent between the alternative standards and a situation of where
the components of earnings are known. If markets are imperfect, so
the project's net realizable value differs from its value in use,
knowledge of the earnings components strictly dominates both the
market value and historical cost standard, while the principal prefers
market value to historical cost if discretion is small enough.
Freitag, 26.04.1996; 15.30 Uhr; HS 8 des BWZ
Dr. Josef Hofbauer (Universitaet Wien)
,Nicht-Konvergenz zum Gleichgewicht: Ein universelles
Shapley Beispiel"
Renate Kogler
Lehrstuhl fuer Controlling
Institut fuer BWL
Universitaet Wien
Bruenner Strasse 72
A-1210 Wien
Tel.: +43-1-29128-402
Fax : +43-1-29128-404
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