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“Economic Consequences” Mid-Term Review February 2009, Valencia. Ulf Brüggemann Theodosia Konstantinidi Ur šk a Kosi Laura Marquez Ramos. Economic Consequences. Regulation (EC) No 1606/2002 - Article 1: “This Regulation has as its objective the adoption and use of

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Economic consequences mid term review february 2009 valencia

“Economic Consequences”Mid-Term ReviewFebruary 2009, Valencia

Ulf Brüggemann

Theodosia Konstantinidi

Urška Kosi

Laura Marquez Ramos

Economic consequences
Economic Consequences

Regulation (EC) No 1606/2002 - Article 1:

“This Regulation has as its objective the adoption and use of

international accounting standards … to ensure a high degree of

transparency and comparability of financial statements and

hence an efficient functioning of the Community capital market

and of the Internal Market.”

  • Capital market effects vs. real economic consequences

  • Intended vs. unintended economic consequences


  • Compliance and enforcement

  • Market solution?


Ulf Brüggemann

Since 04/2007 INTACCT ESR, Lancaster University

Since 10/2004 PhD Studies, University of Cologne

07/2003 Diploma in Business Administration, University of Münster

PhD Thesis: “Economic Consequences of mandatory IFRS adoption in Europe”

PhD supervisor: Carsten Homburg (University of Cologne)

INTACCT supervisors: Peter F. Pope, Steve Young (Lancaster University), Holger Daske (University of Mannheim, Frankfurt University)


Ulf Brüggemann


  • PhD and Research Seminars

  • Stimulating research environment


  • Workshops / Colloquia

  • International conferences

  • Great community  current / future collaboration


Ulf Brüggemann


  • “Mandatory IFRS adoption, information and market liquidity around earnings announcements” (with Paulo Alves and Peter F. Pope)

  • “How do foreign retail investors react to global IFRS adoption?” (with Holger Daske, Carsten Homburg and Peter F. Pope)

    Other Activities:

  • Book review (TIJA)

  • Web-based literature database

  • ESR/ER group projects

Future plans
Future Plans

Ulf Brüggemann


  • Finish current projects

  • Review of IFRS literature (with Jörg-Markus Hitz and Thorsten Sellhorn)

  • Project on unintended consequences of IFRS adoption

  • Project on market reactions to earnings announcements

    After INTACCT (03/2010)  job market


Theodosia Konstantinidi

Since 10/2007 INTACCT ESR, University of Cyprus

Since 10/2007 PhD Studies, Lancaster University

2006-2007 MSc in Accounting and Financial Management, Lancaster University

PhD Thesis: ‘The accrual anomaly under different accounting standards: Risk or mispricing”

PhD supervisor: Peter F. Pope (Lancaster University)

INTACCT supervisors: Andreas Charitou (University of Cyprus)

Irene Karamanou (University of Cyprus)

Peter F. Pope (Lancaster University)


Theodosia Konstantinidi

  • Studying and living in Cyprus

  • INTACCT and PhD Seminars (Lancaster & international)

  • Travelling and international exposure

  • Knowledge sharing within network


Theodosia Konstantinidi


“The accrual anomaly under different GAAP regimes”

“Accrual and cash flow multiple-based valuation. Implications for the accruals anomaly”

Other Activities:

Web-based literature database

Future plans1
Future Plans

Theodosia Konstantinidi


Continuous education

Complete current and start new projects

Collaboration with other ESR’s (with Zoltan)

After INTACCT (10/2010)  position at a university


Urška Kosi

04/2004 MSc in Economics, University of Ljubljana

Since 09/2007 INTACCT ESR, University of Macedonia

Since 10/2007 PhD Student, Lancaster University

PhD Thesis: “Contemporary Issues in Financial Reporting”

PhD supervisor: Peter F. Pope (Lancaster University)

INTACCT supervisors: Annita Florou (University of Macedonia), Peter F. Pope (Lancaster University), Aljoša Valentinčič (University of Ljubljana)


  • Urška Kosi

  • Interaction with international accounting community

  • Research seminars/workshops (Lancaster & international)

  • Collaboration within the network and research discussions


Urška Kosi


“Asset Write-Offs in the Absence of Agency Problems” (with Neil Garrod, Aljoša Valentinčič)

“Institutional Environment in EU Countries”

“IFRS and Debt Contracting?” (with Annita Florou)

Other Activities:

ESR/ER group projects

Coordination of reporting activities

Conference and seminar attendance

Future plans2
Future Plans

Urška Kosi


Finish current projects

IFRS reconciliations (with Katja Kaker)

IFRS consequences in financial sector

  • After INTACCT (07/2010)  position at a university


Laura Márquez-Ramos

  • Business Administration and Management, Universitat Jaume I, Castellón (1998-2002)

  • Background: International Economics

    • Ph D. International Economics (2007): “New determinants of bilateral trade: An empirical analysis for developed and developing countries”

  • Related publications:

    • “Technological Innovation, Trade and Development”, in Information and Communication Technologies for Economic and Regional Developments, ed. Dr. M. Hakikur Rahman. Idea group inc, 2007

    • “The Role of Distance in Gravity Regressions: Is There Really a Missing Globalisation Puzzle?”, Topics in Economic Analysis & Policy, 7 (1), 2007

    • “The Effect of Trade Facilitation on Sectoral Trade”, the B.E. Journal of Economic Analysis & Policy,8 (1) (Topics), Article 42, 2008


Laura Márquez-Ramos


  • Learning Български and a culture

  • Learning accounting

  • Interaction with international accounting community

  • International research seminars

  • Living experiences in a transition country


Laura Márquez-Ramos (May 2007- February 2008)


“The Effect of IFRS Adoption on Trade and Foreign Direct Investments”

Workshops, conferences and schools:

IV Accounting Research Symposium, Amsterdam

Ninth Trento Summer School, Intensive Course

in Financial Instability and Crises, Trento

VI Workshop de investigación empírica en contabilidad financiera, Madrid

18th International conference of international trade and finance association (IFTA), Lisbon

VIII doctoral meetings in international trade

and international finance, Barcelona

Future plans3
Future Plans

Laura Márquez-Ramos

Academic profile:

Working as a lecturer at University Jaume I (March 2008)

Teaching 2008-2009: Economic integration in a Master’s degree, World Economy, Economics, and Quantitative Methodology for Business


IFRS effect at a macroeconomic level

Experimental interest, voluntariety vs. mandatoriety