Dr. Vanessa Flagmeier, assistant professor at the University of Paderborn, received the “Dean’s Young Scholar Research Award” from the Faculty of Business Administration and Economics. The award honors her research results on competition effects in the context of the application of new international accounting standards published last year. The study, which Flagmeier worked on as part of an international team of young researchers, was published in autumn 2018 under the title “Product market effects of IFRS adoption” in the “Journal of Accounting and Public Policy”, a world-wide leading journal of accounting.
In collaboration with the researchers Jimmy F. Downes and David Godsell (both from the U.S.), Vanessa Flagmeier investigated specific product market effects of adoption of the new international accounting standards. While previous literature documented capital market effects, and the impact on transparency and comparability of financial statements, their study showed that the implications of the IFRS adoption are more extensive. Vanessa Flagmeier explains: “Since not all companies in the EU are equally affected by the new standards, there is a shift in the market share. Especially for unlisted companies, which are not obliged to apply the new standards, this can lead to a disadvantageous competitive situation.” While these effects have been largely ignored by existing research, they show an important “side effect” of the transition to international accounting standards. On the one hand, the research findings are relevant for the affected companies, and on the other hand, for the policy makers responsible for development of IFRS.
Prof. Dr. Jens Müller from the department “Taxation, Accounting and Finance” of the Faculty of Business Administration and Economics and Flagmeier’s doctoral supervisor is delighted about the acknowledgement of Vanessa Flagmeier’s research findings in the journal: “The research paper points to new macroeconomic consequences, that should be taken into account in the future introduction or revision of the international accounting standards.”
Prof. Dr. Urska Kosi (Professor for Business Administration, especially Financial Accounting and Auditing) and her team sincerely congratulate Vanessa Flagmeier to this award.
Link to abstract:
www.sciencedirect.com/science/article/pii/S0278425418301868
About the Dean’s Young Scholar Research Award
The award visualizes achievements of young researchers from the Faculty of Business Administration and Economics and recognizes excellent fundamental research. “Excellent work is done at our Faculty and it is time to bring it into the public spotlight. With the Dean’ Young Scholar Awards the Faculty is taking a step in this direction,” says Prof. Dr. Caren Sureth-Sloane, Dean of the Faculty of Business Administration and Economics.
The Faculty sees the publication of Vanessa Flagmeier’s paper in the “Journal of Accounting and Public Policy” as an enrichment of the national and international visibility in the field of leading-edge research. To this Caren Sureth-Sloane says: “The joint publication success further strengthens the Faculty’s international connection to research-focused universities in the U.S., in this case the University of Nebraska-Lincoln and the University of Illinois at Urbana-Champaign.”
Contact
Dr. Vanessa Flagmeier
(Professorship for Business Administration, especially Financial Accounting and Auditing)
