Professorship for Business Administration, esp. Accounting, Auditing & Corporate Governance
Organisational unit: Section
Organisation profile
The professorship for Accounting, Auditing & Corporate Governance works in the areas of financial accounting, external audit and corporate governance. The research activities involve the study of selected issues in regulation, in particular such topics as the economic impact of audit committees, integrated and CSR reporting, aspects of auditor independence and board diversity. The professorship also teaches in the Master’s and Bachelor’s programmes, including modules in the Business Administration Major as well as interdisciplinary modules in the complementary studies programme and integration modules.
Topics
Audit Quality
Following EU legislation on reform of the audit market, provisions on mandatory firm rotation and limits to non-audit services raise issues of the impact of major regulatory measures on safeguarding the independence of the audit firm. Internationally, empirical research on auditor independence has seen considerable attention for a number of years, with mixed findings on its economic impact. This also holds for the impact of joint audits, even though European regulation did not make this a mandatory requirement. This research project studies the effect of audit and non-audit fees of German capital market oriented companies on audit quality.
Integrated-/CSR Reporting
After the most recent financial crisis 2008-9, there has been a decline in trust of stakeholders in capital-market oriented reporting by corporations. As a result, traditional financial reporting should be complemented by corporate sustainability reporting, which would ideally be unified into integrated reporting. While there has been considerable empirical research into CSR reporting, this is not yet the case for integrated reporting in the 2013-framework published by the International Integrated Reporting Council (IIRC). This research project examines the content elements investors demand and their relationship to the quality of integrated reporting in the German capital market.
Audit Committees
In both one and two-tier systems, the appointment of audit committees with independent financial experts is seen as a necessary measure to ensure good corporate governance. There has been considerable research undertaken into the Anglo-American board system and the impact of audit committees on financial reporting quality and on the cooperation with the external auditor and with the internal auditor. This research project studies to what extent characteristics of the audit committee as established by supervisory boards in German companies are able to contribute to the discussion on quality.
Board Diversity
Recently there have been a large number of reform efforts aiming at improving corporate performance by increasing board diversity. In addition to introducing the legal gender quota now at the focus of much political discussion, other diversity characteristics such as ethnicity or occupation are increasingly being studied in empirical research on corporate governance. This research project looks at the dual system of corporate governance in Germany and studies the effects of diversity in the management board and supervisory board on the capital market.
- Journal articles › Research › Peer-reviewed
- Published
„Nachhaltige“ Vorstandsvergütung bei börsennotierten Aktiengesellschaften: Notwendige Einbeziehung von nichtfinanziellen Leistungsindikatoren?
Velte, P., 2016, In: NZG - Neue Zeitschrift für Gesellschaftsrecht. 19, 8, p. 294-299 6 p.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
Nachhaltigkeit im (neuen) Deutschen Corporate Governance Kodex
Mock, S. & Velte, P., 2022, In: Die Aktiengesellschaft. 67, 24, p. 885-892 8 p.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
Nationale Umsetzung der Mitgliedstaatenwahlrechte der europäischen CSR-Richtlinie beim Ausweis und bei der Prüfung der „nichtfinanziellen Erklärung"
Müller, S., Stawinoga, M. & Velte, P., 2015, In: Zeitschrift für Umweltpolitik & Umweltrecht. 38, 3, p. 313-340 28 p.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
Net deferred tax assets and the long-run performance of initial public offerings
Kovermann, J. H. & Velte, P., 08.08.2019, In: Corporate Ownership & Control . 16, 4, p. 111-127 17 p.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
Ökonomische Wirkung der Berichterstattung des Abschlussprüfers über key audit matters im Bestätigungsvermerk: Bestandsaufnahme der empirischen Forschung und kritische Reflexion –
Velte, P., 10.10.2017, In: KoR : internationale und kapitalmarktorientierte Rechnungslegung. 17, 10, p. 434-441 8 p., KOR1241199.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
Perspektiven der Teilwertabschreibung bei voraussichtlich dauernder Wertminderung: Kritische Betrachtungen vor dem Hintergrund des BMF-Schreibens vom 16.07.2014
Velte, P., 2016, In: Steuer und Wirtschaft. 93, 1, p. 33-49 17 p.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
Private Equity Investors and Family Firms: The Role of Exit Intentions and Conflicts
Thiele, F., Busse, S. & Prigge, S., 01.01.2018, In: Corporate Ownership & Control . 15, 2, p. 44-58 15 p.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
Prüfung der nichtfinanziellen Erklärung und der Erklärung zur Unternehmensführung durch Aufsichtsrat und Abschlussprüfer: Eine Zwischenbilanz
Velte, P., 20.04.2018, In: Die Aktiengesellschaft. 63, 8, p. 266-272 7 p.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
Prüfung von Nachhaltigkeitsberichten: Mögliche Implikationen für die handelsrechtliche Umsetzung der „EU-CSR-Richtlinie“ bei der nichtfinanziellen Erklärung vor dem Hintergrund internationaler Forschungsergebnisse
Velte, P. & Stawinoga, M., 2016, In: Der Konzern : Zeitschrift für Gesellschaftsrecht, Steuerrecht, Bilanzrecht und Rechnungslegung der verbundenen Unternehmen. 14, 1, p. 13-19 7 p., DK1169008.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
Prüfung von Nachhaltigkeitsberichten nach dem Entwurf einer „CSR-Richtlinie 2.0“: Vergleichende Analyse der Reformmaßnahmen und kritische Würdigung
Velte, P., 2021, In: WPg - Die Wirtschaftsprüfung. 74, 10, p. 613-620 8 p.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
Prüfung von Nachhaltigkeitsberichten nach der Corporate Sustainability Reporting Directive (CSRD): Zum Nachhaltigkeitsbericht nach den geplanten ESRS aus der Sicht von Abschlussprüfung und Enforcement
Velte, P. & Stawinoga, M., 2022, In: WPg - Die Wirtschaftsprüfung. 75, 20, p. 1135-1142 8 p.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
Prüfung von Nachhaltigkeitsberichten nach der Corporate Sustainability Reporting Directive (CSRD): Zum Nachhaltigkeitsbericht nach den geplanten ESRS aus der Sicht von Aufsichtsrat und Prüfungsausschuss
Velte, P. & Stawinoga, M., 2022, In: WPg - Die Wirtschaftsprüfung. 75, 19, p. 1069-1076 8 p.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
Quo vadis, EU-Umweltberichterstattung? Normative Rahmenbedingungen, empirische Befunde zum Einfluss von Corporate Governance und kritische Würdigung zur Entscheidungsnützlichkeit
Velte, P., 2023, In: Der Betrieb. 76, 18, p. 1041-1049 9 p., DB1431582.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
Reform der Abschlussprüfung nach der Richtlinie 2014/56/EU und der Verordnung (EU) Nr. 537/2014: Unabhängigkeit und Berichterstattung des Abschlussprüfers sowie Tätigkeit von Prüfungsausschüssen
Velte, P., 2014, In: Deutsches Steuerrecht. 52, 33-34, p. 1688-1694 7 p.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
Regulierung der Aufsichtsratstätigkeit durch das CRD IV-Umsetzungsgesetz
Velte, P. & Buchholz, A., 2013, In: Zeitschrift für Bankrecht und Bankwirtschaft . 25, 6, p. 400-408 9 p.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
Regulierungsdichte der (Gender) Diversity-Berichterstattung. Was kommt auf Aufsichtsrat und Abschlussprüfer zu?
Velte, P., 2018, In: WPg - Die Wirtschaftsprüfung. 71, 8, p. 477-483 7 p.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
Regulierung von Stimmrechtsberatern nach ARUG II: Neue Transparenzpflichten gem. § 134d AktG-E als „zahnloser Papiertiger“?
Velte, P., 20.12.2019, In: Die Aktiengesellschaft. 64, 24, p. 893-898 6 p.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
Relevanz von Rechnungslegungsempfehlungen des Deutschen Rechnungslegungs Standards Committee (DRSC) unter besonderer Berücksichtigung des Deutschen Rechnungslegungsstandards Nr. (DRS) 20 (Konzernlagebericht)
Lorson, P., Melcher, W., Müller, S., Velte, P., Wulf, I. & Zündorf, H., 11.2015, In: Zeitschrift für Unternehmens- und Gesellschaftsrecht . 44, 6, p. 887-917 31 p.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
Say on Pay als wirkungsvolles europäisches Regulierungsinstrument
Velte, P., 2013, In: Europäische Zeitschrift für Wirtschaftsrecht. 24, 23, p. 893-898 6 p.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
Say on Pay-Regulierung nach der Neufassung der Richtlinien 2007/36/EU und 2013/34/EU
Velte, P., 2017, In: NZG - Neue Zeitschrift für Gesellschaftsrecht. 20, 10, p. 368-371 4 p.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
Self-perception of the internal audit function within the corporate governance system - Empirical evidence for the European Union
Eulerich, M., Theis, J. C., Velte, P. & Stiglbauer, M., 2013, In: Problems and Perspectives in Management (PPM). 11, 2, p. 57-72 16 p.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
Single versus double materiality of corporate sustainability reporting: Which concept will contribute to climate neutral business?
Stawinoga, M. & Velte, P., 2022, In: Zeitschrift für Umweltpolitik & Umweltrecht. 45, 2, p. 210-248 39 p.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
Stakeholder expectations on CSR management and current regulatory developments in Europe and Germany
Müller, S., Stawinoga, M. & Velte, P., 01.06.2015, In: Corporate Ownership & Control . 12, 4, p. 506-513 8 p.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
Status Quo der Risikoberichterstattung nach DRS 20: Eine empirische Analyse der DAX30-Unternehmen
Velte, P. & Czaya, V., 03.02.2017, In: KoR : internationale und kapitalmarktorientierte Rechnungslegung. 17, 2, p. 70-78 9 p., KOR1219922.Research output: Journal contributions › Journal articles › Research › peer-review
- Accepted/In press
Sustainability-oriented targets in executive compensation. Symbolic measures or significant catalyst for a sustainable transition?
Hofer, A., Aschauer, E. & Velte, P., 2024, (Accepted/In press) In: Qualitative Research in Accounting & Management.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
Sustainable board governance and environmental performance: European evidence
Velte, P., 05.2024, In: Business Strategy and the Environment. 33, 4, p. 3397-3421 25 p.Research output: Journal contributions › Journal articles › Research › peer-review
- E-pub ahead of print
Sustainable board governance and sustainable supply chain reporting. European evidence
Velte, P., 20.12.2023, (E-pub ahead of print) In: Journal of Strategy and Management. 22 p.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
Sustainable corporate purpose and sustainable corporate governance: Integrative theoretical framework and reform recommendations
Velte, P. & Weber, S. C., 2021, In: Zeitschrift für Umweltpolitik & Umweltrecht. 44, 3, p. 287-323 36 p., 3.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
Sustainable institutional investors and corporate biodiversity disclosure: Does sustainable board governance matter?
Velte, P., 11.2023, In: Corporate Social Responsibility and Environmental Management. 30, 6, p. 3063-3074 12 p.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
Sustainable institutional investors, corporate sustainability performance, and corporate tax avoidance: Empirical evidence for the European capital market
Velte, P., 09.2023, In: Corporate Social Responsibility and Environmental Management. 30, 5, p. 2406-2418 13 p.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
Sustainable Management compensation and ESG performance: The German case
Velte, P., 14.12.2016, In: Problems and Perspectives in Management (PPM). 14, 4, p. 17-24 8 p.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
Switching from a Managing to a Monitoring Function on the Board: Is a Cooling-Off Period Necessary?
Velte, P. & Stiglbauer, M., 2013, In: The IUP Journal of Corporate Governance . 11, 11, p. 7-16 10 p.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
Tax Avoidance in Family Firms: Evidence from Large Private Firms
Kovermann, J. H. & Wendt, M., 08.2019, In: Journal of Contemporary Accounting and Economics. 15, 2, p. 145-157 13 p.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
Tax avoidance, tax risk and the cost of debt in a bank-dominated economy
Kovermann, J. H., 27.11.2018, In: Managerial Auditing Journal. 33, 8/9, p. 683-699 17 p.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
Testing of a Multiple Criteria Assessment Tool for Healthcare Facilities Quality and Sustainability: The Case of German Hospitals
Brambilla, A., Apel, J. M., Schmidt-Ross, I., Buffoli, M. & Capolongo, S., 14.12.2022, In: Sustainability. 14, 24, 25 p., 16742.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
The bidirectional relationship between ESG performance and earnings management: Empirical evidence from Germany
Velte, P., 23.10.2019, In: Journal of Global Responsibility. 10, 4, p. 322-338 17 p.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
The economic versus moral perspective of board diversity: A time for regulation after the financial crisis?
Stiglbauer, M. & Velte, P., 2013, In: The International Journal of Organizational Diversity. 12, 2, p. 71-77 7 p.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
The impact of auditor rotation, audit firm rotation and non-audit services on earnings quality, audit quality and investor perceptions: A literature review
Velte, P. & Loy, T., 01.01.2018, In: Journal of Governance and Regulation. 7, 2, p. 74-90 17 p.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
The impact of external auditors on firms’ financial restatements. A review of archival studies and implications for future research
Velte, P., 09.2023, In: Management Review Quarterly. 73, 3, p. 959-985 27 p.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
The impact of key audit matter (KAM) disclosure in audit reports on stakeholders’ reactions: A literature review
Velte, P. & Issa, J., 04.09.2019, In: Problems and Perspectives in Management. 17, 3, p. 323-341 19 p.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
The impact of management board diversity on corporate performance: An empirical analysis for the German two-tier system
Eulerich, M., Velte, P. & van Uum, C., 2014, In: Problems and Perspectives in Management (PPM). 12, 1, p. 25-39 15 p.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
The impact of supervisory board composition on CSR reporting: Evidence from the German two-tier system
Dienes, D. & Velte, P., 11.01.2016, In: Sustainability. 8, 1, p. 1-20 20 p., 63.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
The link between audit committees, corporate governance quality and firm performance: A literature review
Velte, P., 01.01.2017, In: Corporate Ownership & Control . 14, 4, p. 15-31 17 p.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
The link between corporate governance and corporate financial misconduct. A review of archival studies and implications for future research
Velte, P., 02.2023, In: Management Review Quarterly. 73, 1, p. 353-411 59 p.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
The link between in- and external rotation of the auditor and the quality of financial accounting and external audit
Velte, P. & Freidank, C-C., 13.10.2015, In: European Journal of Law and Economics. 40, 2, p. 225-246 22 p.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
The New European Public Country-by-Country-Reporting Requirement
Velte, P., 04.2022, In: European Taxation. 62, 4, p. 168-172 5 p.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
Transformation der neuen EU-Rechnungslegungsrichtlinie in das deutsche Bilanzrecht: Eine kritische Würdigung unter Berücksichtigung des Referentenentwurfs eines Bilanzrichtlinie-Umsetzungsgesetzes (BilRUG)
Velte, P. & Haaker, A., 2014, In: Europäisches Wirtschafts- und Steuerrecht. 25, 4, p. 204-217 14 p.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
(Un)geprüfte Nachhaltigkeitsinformationen im (Konzern-)Lagebericht nach der modifizierten EU-Rechnungslegungsrichtlinie?
Velte, P., 2014, In: NZG - Neue Zeitschrift für Gesellschaftsrecht. 17, 27, p. 1046-1049 4 p.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
Verlängerung der Nutzungsdauer für den derivativen Geschäfts- oder Firmenwert und selbst erstellte immaterielle Anlagegüter durch das Bilanzrichtlinie-Umsetzungsgesetz (BilRUG)
Velte, P., 2015, In: NZG - Neue Zeitschrift für Gesellschaftsrecht. 18, 22, p. 856-858 3 p.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
What do we know about empirical joint audit research? A Literature review
Velte, P., 27.04.2017, In: Accounting and Financial Control. 1, 1, p. 4-14 11 p.Research output: Journal contributions › Journal articles › Research › peer-review