Transparency and the Debt Market (B09)

• Subject Area: Accounting and Finance
• Term: from 2019 to 2023
• Project identifier: Deutsche Forschungsgemeinschaft (DFG) - Project number 403041268

Franke and Kosi (B09) investigate the demand of debt providers for financial information. As a first step, they explore debt-market related transparency regulation and identify the effect of this regulation on transparency. Next, they study private firms that issue public debt to isolate the debt market incentives of transparency. Finally, they investigate whether firms’ qualitative disclosure goes beyond what is already contained in quantitative accounting numbers. Taken together, the results will help to understand the matching of demand for and supply of information in debt markets, and thus address the role of debt markets for firm transparency.

• DFG Programme: CRC/Transregios
• Subproject of: TRR 266: Accounting for Transparency
• Applicant Institution: Universität Paderborn
• Project Heads: Dr. Benedikt Franke, until 9/2019; Professorin Urska Kosi, Ph.D.