REG505 Financial Accounting Research II
We will not have much time (if any) to discuss methodological issues; thus it is imperative that you acquire methodological skills through other courses.
I do not apologize for choosing several of my own papers - it makes sense for me for an instructor to focus on his strengths. More generally, we will not try to memorize the individual papers, but rather try to learn from them about topics, research design, methodology, the research process, etc.
We will concentrate on papers that attempt to shed light on the factors underlying firms´ disclosure choices as well as studies that attempt to demonstrate the economic effects associated with differences in firms´ disclosure behavior. Given our limited time, we will obviously not discuss every paper that focuses on disclosure nor will we discuss all of the branches of the disclosure literature. Currently there is considerable interest in cost of capital research, and I´ve taken this into account.
International accounting research
This is an area of research that encompasses many sub-fields, including disclosure. Oftentimes, the term "international accounting" is just applied to research that uses non-U.S. data. However, it is obviously more "international" if comparisons are made across countries, jurisdictions or regimes. For obvious reasons, there is currently great interest in the effects of IFRS adoptions throughout the world.
After completing the course a student will:
- Have obtained an overview of empirical financial accounting literature on disclosure and international accounting issues
- Be able to identify the frontier in disclosure and international accounting research
- Improved their ability to discuss, design and write research papers in financial accounting
- Better able to plan their academic careers
This course will be conducted primarily as a seminar/workshop with only intermittent "lectures" given by the instructor. Although course participants are responsible for reading the assigned papers for each class, the responsibility for leading the discussion will rotate among us. The discussion leader is not only to summarize the papers, but also to help facilitate an in-depth understanding of the methodological innovations and problems in the paper. Discussion Leader For papers highlighted, one student (or participant) will prepare a written summary (approx. two pages). This student will begin class discussion by summarizing the paper and placing it in context. I may interject and ask questions to the discussion leader or other participants at any time (i.e., expect "cold calling"). The written summary should be given to all participants at the beginning of the presentation and may serve as a reference during the discussion. An outline for the written summary might include the following (compare also note on how to critique empirical papers):
* research question and its importance
* research method (model, sample, statistical analysis)
* contribution (relative to closely related papers - and related to overall importance of topic) Other students
Every participant is expected to read all assigned papers carefully and to participate in our discussions. Each student ought to prepare questions and comments on each assigned paper. Papers marked as Background/SupplementaryRead if you´re interested in this line of research. Otherwise skim quickly or skip. We will generally not go through these papers. However, I may refer to some of them. (If you´re a serious PhD student, you should read these and many, many more...)
Your grade will be based on the following:
1. Class participation, including presentations (67%). Course credit will not be granted unless you participate fully.
2. Research proposal (33%). This will be a maximum five page document (with reasonable font size, line spacing and margins) that contains a description of an original research idea pertaining to the (preferably empirical financial) accounting literature. In particular, you should describe the research question, its potential contribution to the extant literature, the proposed research design, etc.
Autumn. Not offered Autumn 2018.
Ole Kristian Hope, Department of Accoutning, Auditing and Law