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 =========================================================================