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
Does ESG performance have an impact on financial performance? Evidence from Germany
Velte, P., 29.08.2017, In: Journal of Global Responsibility. 8, 2, p. 169-178 10 p.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
Does Gender diversity in the audit committee influence key audit matters’ readability in the audit report? UK Evidence
Velte, P., 01.09.2018, In: Corporate Social Responsibility and Environmental Management. 25, 5, p. 748-755 8 p.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
Does it pay off? Integrated reporting and cost of debt: European evidence
Gerwanski, J., 01.09.2020, In: Corporate Social Responsibility and Environmental Management. 27, 5, p. 2299-2319 21 p.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
Does sustainable board governance drive corporate social responsibility? A structured literature review on European archival research
Velte, P., 06.01.2023, In: Journal of Global Responsibility. 14, 1, p. 46-88 43 p.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
Does sustainable corporate governance have an impact on materiality disclosure quality in integrated reporting? International evidence
Velte, P., 01.12.2022, In: Sustainable Development. 30, 6, p. 1655-1670 16 p.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
Do fair value measurements affect accounting-based earnings quality? A literature review with a focus on corporate governance as moderator
Thesing, J. & Velte, P., 09.2021, In: Journal of Business Economics : JBE. 91, 7, p. 965-1004 40 p.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
Do family investors differ from other investors? Similarity, experience, and professionalism in the light of family investee firm challenges
Thiele, F. & Rottke, O. M., 01.02.2018, In: Journal of Business Economics : JBE. 88, 2, p. 139 - 166 28 p.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
Do Nonprofessional Investors Value the Assurance of Integrated Reports? Exploratory Evidence
Gerwanski, J., Velte, P. & Mechtel, M., 01.02.2022, In: European Management Journal. 40, 1, p. 103-126 24 p.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
Do overlapping audit and compensation committee memberships contribute to better financial reporting quality? Empirical evidence for the German two-tier system
Velte, P., 01.01.2017, In: International Journal of Economics and Accounting. 8, 3/4, p. 196-214 19 p.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
Do sustainable institutional investors contribute to firms’ environmental performance? Empirical evidence from Europe
Kordsachia, O., Focke, M. & Velte, P., 01.07.2022, In: Review of Managerial Science. 16, 5, p. 1409-1436 28 p.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
Do sustainable institutional investors influence senior executive compensation structures according to their preferences? Empirical evidence from Europe
Focke, M., 01.09.2022, In: Corporate Social Responsibility and Environmental Management. 29, 5, p. 1109-1121 13 p.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
Do Women on board of directors have an impact on corporate governance quality and firm performance? A literature review
Velte, P., 2017, In: International Journal of Sustainable Strategic Management. 5, 4, p. 302-346 45 p.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
Do women on management board increase fair value relevance?
Velte, P., 01.06.2017, In: Corporate Governance and Sustainability Review . 1, 1, p. 6-16 11 p.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
Effect of overlapping audit and compensation committee memberships on the readability of management compensation reports in the German HDAX
Velte, P., 2021, In: Journal of Managerial Issues. 33, 1, p. 27-48 22 p.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
Einfluss der Corporate Governance auf die Goodwill Impairments: Eine kritische Würdigung unter Einbeziehung der empirischen Rechnungslegungsforschung
Velte, P., Canipa-Valdez, M. & Tettenborn, M., 07.11.2020, In: Zeitschrift für Corporate Governance (ZCG). 15, 6, p. 278-283 6 p., 6.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
Einfluss der Corporate Governance auf die Nachhaltigkeitsberichterstattung: Bestandsaufnahme internationaler Forschungsergebnisse
Dienes, D. & Velte, P., 2014, In: Zeitschrift für Umweltpolitik & Umweltrecht. 37, 4, p. 347-389 43 p.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
Einfluss der Covid-19-Pandemie und des Strukturwandels auf die Goodwill Impairments: Eine empirische Analyse ausgewählter Unternehmen der Automobilbranche
Tettenborn, M., Canipa-Valdez, M. & Velte, P., 2021, In: KoR : internationale und kapitalmarktorientierte Rechnungslegung. 21, 4, p. 159-166 8 p.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
Einfluss der Gender Diversity im Aufsichtsrat auf die externe Abschlussprüfung: Eine empirische Untersuchung für den deutschen Kapitalmarkt (Teil A)
Velte, P., 2017, In: Zeitschrift für Corporate Governance (ZCG). 12, 5, p. 219-224 6 p.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
Einfluss der Gender Diversity im Aufsichtsrat auf die externe Abschlussprüfung. Eine empirische Untersuchung für den deutschen Kapitalmarkt (Teil B).
Velte, P., 2017, In: Zeitschrift für Corporate Governance (ZCG). 12, 06, p. 276-281 6 p.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
Empirical evidence of the disclosure and assurance of Integrated Reporting -: A content analysis of the IIRC Examples Database
Stawinoga, M. & Velte, P., 2017, In: Zeitschrift für Umweltpolitik & Umweltrecht. 40, 1, p. 59-84 26 p.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
Empirical Research on Corporate Social Responsibility Assurance (CSRA): A Literature Review
Velte, P. & Stawinoga, M., 01.11.2017, In: Journal of Business Economics : JBE. 87, 8, p. 1017 - 1066 50 p.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
Entwicklungslinien des Stetigkeitsprinzips in der handels- und steuerrechtlichen Rechnungslegung
Velte, P., 2014, In: Steuer und Wirtschaft. 91, 3, p. 240-257 18 p.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
Entwicklung und Perspektiven des Maßgeblichkeitsprinzips: Das Ende eines deutschen Sonderwegs?
Velte, P., 01.05.2015, In: Die Unternehmensbesteuerung. 8, 5, p. 265-281 17 p.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
Environmental performance, carbon performance and earnings management: Empirical evidence for the European capital market
Velte, P., 01.01.2021, In: Corporate Social Responsibility and Environmental Management. 28, 1, p. 42-53 12 p.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
EU-Richtlinienvorschlag für eine Gemeinsame Körperschaftsteuer-Bemessungsgrundlage (GKB) vom 25.10.2016: Eine rechtsvergleichende und kritische Analyse zur steuerlichen Gewinnermittlung.
Velte, P. & Mock, O., 2017, In: Steuer und Wirtschaft. 94, 2, p. 126-144 19 p.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
European Sustainability Reporting Standards (ESRS): Überblick zu den Berichtsinhalten des neuen Nachhaltigkeitsberichts
Wulf, I. & Velte, P., 29.09.2023, In: Zeitschrift für Corporate Governance (ZCG). 18, 5, p. 228-235 8 p.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
Experteninterviews zur europäischen Reform der steuerlichen Gewinnermittlung, Teil I
Velte, P. & Mock, O., 2018, In: FinanzRundschau. 100, 23, p. 1081-1091 11 p.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
Experteninterviews zur europäischen Reform der steuerlichen Gewinnermittlung (Teil II)
Velte, P. & Mock, O., 2018, In: FinanzRundschau. 100, 24, p. 1125-1135 11 p., 24.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
Explaining the (Non-) Adoption of Advanced Data Analytics in Auditing: A Process Theory
Krieger, F., Drews, P. & Velte, P., 01.06.2021, In: International Journal of Accounting Information Systems. 41, 24 p., 100511.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
Externe Rotation, Begrenzung von Prüfung und Beratung sowie Joint Audits: Eine kritische Würdigung zur Ausübung der EU-Mitgliedstaatenwahlrechte nach dem AReG
Velte, P., 2016, In: Deutsches Steuerrecht. 54, 33, p. 1944-1949 6 p.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
Family businesses and non-family equity: literature review and avenues for future research
Thiele, F., 01.02.2017, In: Management Review Quarterly. 67, 1, p. 31-63 33 p.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
Family firm identity and capital structure decisions
Thiele, F. & Wendt, M., 10.07.2017, In: Journal of Family Business Management. 7, 2, p. 221-239 19 p.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
Fiskalpolitische Maßgeblichkeit bei der Rückstellungsbewertung?
Velte, P., 2013, In: Steuer und Wirtschaft. 90, 3, p. 197-210 14 p.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
Fortentwicklung von Rechnungslegung, Corporate Governance und Abschlussprüfung: Zwischenbilanz der EU-Reformbewegung
Velte, P., 2013, In: Zeitschrift für das gesamte Genossenschaftswesen. 63, 3, p. 233-239 7 p.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
Führt CEO-Narzissmus zu einer sinkenden Qualität der Rechnungslegung, Prüfung und Corporate Governance? Eine Bestandsaufnahme der empirischen Forschung
Velte, P., 2018, In: Zeitschrift für Corporate Governance (ZCG). 13, 4, p. 149-155 7 p.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
Führt die Neuordnung der Berufsaufsicht und externen Qualitätskontrolle der Wirtschaftsprüfer nach dem APAReG zu einer erhöhten Prüfungsqualität?
Velte, P. & Stawinoga, M., 2016, In: der moderne staat : dms. 9, 1, p. 135-159 25 p.Research output: Journal contributions › Journal articles › Research › peer-review
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Führt eine Trennung von Prüfungs- und Nichtprüfungsleistungen zur Steigerung der Rechnungslegungsqualität?
Velte, P. & Stiglbauer, M., 2013, In: Europäisches Wirtschafts- und Steuerrecht. 24, 6, p. 213-218 6 p.Research output: Journal contributions › Journal articles › Research › peer-review
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Führt Selbstüberschätzung des CEO zu einer sinkenden Rechnungslegungsqualität und zu negativen Marktreaktionen? Ein Literaturüberblick und ein Ausblick auf Handlungsempfehlungen
Velte, P., 2019, In: Zeitschrift für Corporate Governance (ZCG). 14, 2, p. 53-60 8 p.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
Function-, incentive- and expense-related compensation of supervisory boards and audit committees - Empirical Evidence in the German DAX 30, MDAX, SDAX and TecDAX
Velte, P. & Weber, M. A. L. H. H., 2019, In: Betriebswirtschaftliche Forschung und Praxis. 71, 2, p. 214-262 49 p.Research output: Journal contributions › Journal articles › Research › peer-review
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Funktions-, anreiz- und aufwandsorientierte Vergütung des Aufsichtsrats und Prüfungsausschusses. Empirische Ausgestaltung des Vergütungssystems im DAX30, MDAX, SDAX und TecDAX
Velte, P. & Weber, L., 2019, In: Betriebswirtschaftliche Forschung und Praxis. 71, 2, p. 214-262 49 p.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
Handels- und steuerbilanzielle (Teil)-Gewinnrealisierung bei (langfristigen) Werkverträgen: Eine kritische Würdigung vor dem Hintergrund des BFH-Urteils vom 14.5.2014 und der "Irrweg" des BMF
Velte, P. & Stawinoga, M., 2016, In: Steuer und Wirtschaft. 92, 2, p. 118-133 16 p.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
Heterogeneity in family firm finance, accounting and tax policies: dimensions, effects and implications for future research
Bergmann, N., 02.2024, In: Journal of Business Economics : JBE. 94, 2, p. 311-378 68 p.Research output: Journal contributions › Journal articles › Research › peer-review
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IFRIC 23 - Mehr Sicherheit in der Bilanzierung von Ertragsteuern nach IAS 12
Kovermann, J. H. & Velte, P., 10.2017, In: Zeitschrift für Internationale Rechnungslegung. 12, 10, p. 405-409 5 p.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
Impact of soft law regulation by corporate governance codes on firm valuation: The case of Germany
Stiglbauer, M. & Velte, P., 27.05.2014, In: Corporate Governance. 14, 3, p. 395-406 12 p.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
Increased auditor independence by external rotation and separating audit and non audit duties? A note on the European audit regulation
Velte, P. & Eulerich, M., 01.01.2014, In: Journal of Governance and Regulation. 3, 2, p. 53-62 10 p.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
Increased materiality judgments in financial accounting and external audit: A critical comparison between German and international standard setting
Müller-Burmeister, C. & Velte, P., 01.01.2016, In: International Journal of Critical Accounting. 8, 3/4, p. 227-245 19 p., 3/4.Research output: Journal contributions › Journal articles › Research › peer-review
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Integrated reporting: the current state of empirical research, limitations and future research implications
Velte, P. & Stawinoga, M., 01.10.2017, In: Journal of Management Control. 28, 3, p. 275–320 46 p.Research output: Journal contributions › Journal articles › Research › peer-review
- Published
Integrated Reporting und Nachhaltigkeitsberichterstattung im Fokus aktueller Corporate-Governance-Entwicklungen: Aktuelle Vorschläge und Auswirkungen auf den Lagebericht
Dienes, D. & Velte, P., 2013, In: Zeitschrift für Corporate Governance (ZCG). 8, 5, p. 229-234 6 p.Research output: Journal contributions › Journal articles › Research › peer-review
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Internal auditors’ contribution to good corporate governance: An empirical analysis for the one-tier governance system with a focus on the relationship between internal audit function and audit committee
Eulerich, M., Velte, P. & Theis, J. C., 01.09.2015, In: Corporate Ownership & Control . 13, 1 (continued 1), p. 141-151 11 p.Research output: Journal contributions › Journal articles › Research › peer-review
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Is audit committee expertise connected with increased readability of integrated reports: Evidence from EU companies
Velte, P., 20.04.2018, In: Problems and Perspectives in Management (PPM). 16, 2, p. 23-41 19 p.Research output: Journal contributions › Journal articles › Research › peer-review