In today’s increasingly performance-driven business world, the setting of targets is more than just a planning exercise—it’s a key component of motivation, accountability, and strategy. A study by Jan Bouwens, Christian Hofmann, and Nina Schwaiger “Target Setting in Hierarchies: The Role of Middle Managers”, published in the…
Read moreThe financial crisis of 2007-2008 significantly impacted the economy and the population, underscoring the crucial role of a stable financial sector in facilitating diverse economic interactions. To promote a stable financial sector, the EU adopted numerous regulations, including stricter reporting requirements for loan loss provisions which increased the transparency of…
Read moreThe Corporate Sustainability Reporting Directive (CSRD), an EU directive on sustainability reporting introduced in 2023, obliges European companies to report in accordance with the European Sustainability Standards (ESRS) from 2025. The aim of the CSRD is to improve the quality, comparability and reliability of sustainability reporting and to oblige companies…
Read moreIn an increasingly interconnected global economy, transfer pricing has become a critical issue for multinational enterprises, tax authorities, and policy makers. A recent TRR 266 “Accounting for Transparency” research paper sheds light on the complex dynamics of transfer pricing harmonization and challenges some common beliefs about who benefits from harmonization.
Read moreTransparency within organizations plays a pivotal role in modern economic systems. Defined as the quality of information shared and processed between senders and receivers, transparency can enhance decision-making, improve market efficiency, and mitigate information asymmetries. However, achieving transparency is often complex and comes with trade-offs. The TRR 266…
Read moreGreen hydrogen has long been considered an important source of hope for the energy transition. However, its major breakthrough has yet to happen. For green hydrogen to triumph over fossil fuels, its production would have to become much more efficient and cost-effective. A new study shows that this goal can be achieved by the end of this decade.
Read moreHow enforcement affects companies’ disclosure strategies Voluntarily communicating favorable information (e.g. strong financial results or sustainability initiatives) to stakeholders like investors, consumers and the public can prove beneficial for companies and help them to gain trust as well as promote their business. Unfavorable information, however, tends not to…
Read moreTRR 266‘s main locations are Paderborn University (Coordinating University), HU Berlin, and University of Mannheim. All three locations have been centers for accounting and tax research for many years. They are joined by researchers from LMU Munich, Frankfurt School of Finance and Management, Goethe University Frankfurt, University of Cologne, Leibniz University Hannover and TU Darmstadt who share the same research agenda.