Research The Institute of Accounting, Controlling and Auditing is working on international research projects and transfers latest scientific findings into practice. Our research topics are based on the following research fields: Accounting (Prof. Dr. Tami Dinh) Accounting and Taxation (Prof. Dr. Arthur Stenzel) Audit and Accounting (Prof. Dr. Peter Leibfried) Control and Performance Management (Prof. Dr. Klaus Möller) Corporate Finance (Prof. Dr. Marc Arnold) Corporate Governance (Prof. Dr. Michèle Sutter-Rüdisser) Digital Performance Management (Prof. Mael Schnegg) Financial Management (Prof. Dr. Dirk Schäfer) Internal Control / Internal Audit (Prof. T. Flemming Ruud, PhD) Service Performance Management (Prof. Dr. Matthias Mitterlechner) Researchers at the Institute ACA-HSG regularly publish in leading international scientific journals. The following publications have been accepted in FT 50 Journals in recent years: Arnold, Marc; Westermann, Ramona: Debt Renegotiations Outside Distress. Review of Finance, September 09, 2022. Solbach, Jonas; Möller, Klaus and Wirnsperger, Franz: Break the Link Between Pay and Motivation. MIT Sloan Management Review, April 20, 2022. Arnold, Marc; Subrahmanyam, Marti and Pelster, Matthias: Attention Triggers and Investors' Risk Taking. Journal of Financial Economics, 2021, 143(2), 846-875. Lampenius, Niklas; Shevlin, Terry J. and Stenzel, Arthur: Measuring Corporate Tax Rate and Tax Base Avoidance of U.S. Domestic and U.S. Multinational Firms. Journal of Accounting and Economics, 2021. Forthcoming. Franklin, Allen; Haas, Marlene; Nowak, Eric and Tengulov, Angel: Market Efficiency and Limits to Arbitrage: Evidence from the Volkswagen Short Squeeze. Journal of Financial Economics, 2021, 142(1), 166-194. Eugster, Florian: Endogeneity and the dynamics of voluntary disclosure quality: is there really an effect on the cost of equity capital?. Contemporary Accounting Research, 2020, 37(4), 2590-2614. Müller-Stewens, Benedikt; Widener, Sally K.; Möller, Klaus and Steinmann, Jan-Christoph: The role of diagnostic and interactive control uses in innovation. Accounting, Organizations and Society, 2019. Arnold, Marc; Hackbarth, Dirk and Puhan, Tatjana-Xenia: Financing Asset Sales and Business Cycles. Review of Finance, 2018, 22 (1). 243-277. Arnold, Marc; Wagner, Alexander and Westermann, Ramona: Growth Options, Macroeconomic Conditions and the Cross-Section of Credit Risk. Journal of Financial Economics, 2013, 107 (2). For further information about each research topic, please visit the particular websites.