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Prof. Dr. Thomas Kaspereit
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| Faculty or Centre | Faculty of Law, Economics and Finance | ||||
| Department | Department of Economics and Management | ||||
| Postal Address |
Campus Kirchberg, Université du Luxembourg 6, rue Richard Coudenhove-Kalergi L-1359 Luxembourg |
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| Campus Office | G 104 | ||||
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| Telephone | (+352) 46 66 44 6728 | ||||
Research Interests
International Financial Reporting Standards, Corporate Governance, Accounting Choices
For prospective PhD candidates: If positions become available, they will be posted on the job portal https://recruitment.uni.lu/en. Unsolicited applications will not be processed.
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Thomas Kaspereit has been Associate Professor in Financial Accounting at the University of Luxembourg since September 2016.
He graduated in Business Administration at the University of Oldenburg, Germany (2007) and got a doctoral degree from the same university (2013). His doctoral thesis studied the effect of corporate sustainability and sustainability disclosure on the market value of firms. In 2019, he was awarded the venia legendi in Business Administration at the University of Oldenburg.
Thomas held post doc positions at the University of Oldenburg and John Molson School of Business (Canada, 2015-2016). Thomas Kaspereit made scientific visits to Concordia University (2012-2013) and New York University (September 2014).
Last updated on: Tuesday, 19 April 2022
Education
- August 2009: Master in Business Administration, University of Oldenburg
- Master Thesis: The Information Content of Accouting Information
- August 2013: Doctoral Thesis, University of Oldenburg
Doctoral Thesis: Essays on the effect of corporate sustainability and financial information on the market value of firms - August 2019: Venia legendi, University of Oldenburg
Habilitation Defense: Environmental disclosures in the context of agency and voluntary disclosure theory
Positions
- Visiting Scholar, Department of Finance, John Molson School of Business (Montreal, Canada)
- Post doc, Department of Economics and Law, University of Oldenburg (Odlenburg, Germany)
Fields of Interest
- International Financial Reporting Standards: Accounting conservatism, cost asymmetry, earnings management
- Corporate Governance: Ownership structure, capital structure, CSR
Awards
- Scholarship of the German Academic Exchange Service
- Best paper award of the Armenian Economic Association (2016) with Suren Pakhchanyan, Kerstin Lopatta and Jörg Prokop
Last updated on: 04 Jan 2021
- 2020-present: Academic Thinking and Writing, University of Luxembourg (Bachelor)
- 2016-present: Financial Accounting Theory, University of Luxembourg (Master)
- 2016-present: Empirical Accounting and Audit Research, University of Luxembourg (Master)
- 2016: Corporate Governance and Executive Compensation, Concordia University (Master)
- 2015-2016: Investment Analysis, Concordia University (Bachelor)
- 2009-2016: Empirical Methods in Management and Financial Accounting Research, University of Oldenburg (Master)
- 2010-2015: Financial Accounting, University of Oldenburg (Bachelor)
- 2013-2015: International Accounting and Auditing, University of Oldenburg (Bachelor)
- 2011-2013: Investment Theory, University of Oldenburg (Bachelor and Master)
- 2014-2015: Financial Accounting, Jacobs University (Bachelor)
- 2012-2013: Financial Statements FOM, University of Applied Sciences Bremen (Bachelor)
- 2011: Controlling, Bremen Business School (Bachelor)
Last updated on: 11 Jan 2021
His main research interest focus on Financial Accounting, in particular corporate governance and finance related issues. A central aspect of his interest is to measure effects of accounting choices on stock prices, i.e. he quantifies the decision usefulness of accounting and sustainability information.
His work has been published in international journals such as Journal of Business Ethics, Business and Society and Corporte Governance: An International Review.
Research Seminar Pelzerhaken 2017
Last updated on: 26 Jun 2017
https://www.researchgate.net/profile/Thomas_Kaspereit
https://papers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=557912
Last updated on: 04 Jan 2021
In press
The capital market impact of Blackrock’s thermal coal divestment announcement; ;
in Finance Research Letters (in press)
Financial performance and safety in the aviation industry; ; ;
in International Journal of Managerial Finance (in press)
The effect of institutional dual holdings on CSR performance; ; ; ;
in Journal of Sustainable Finance and Investment (in press)
2022
The moderating role of CEO sustainability reporting style in the relationship between sustainability performance, sustainability reporting, and cost of equity; ; ;
in Journal of Business Economics (2022), 92
2020
Managerial style in cost asymmetry and shareholder value; ;
in Managerial and Decision Economics (2020), 41(5), 800-826
2019
Improving predictions of upward cost adjustment and cost asymmetry at the firm-year level;
in Journal of Management Accounting Research (2019), 31(3), 99-127
2017
Shareholder value implications of compliance with the German Corporate Governance Code; ;
in Managerial and Decision Economics (2017), 38(2), 166-177
Systemic operational risk − Spillover effects of large operational losses in the European banking industry; ; ;
in Journal of Risk Finance (2017), 18(3),
International evidence on the relationship between insider and bank ownership and CSR performance; ; ;
in Corporate Governance: An International Review (2017), 25(1), 41-57
Title: Board members in squeeze-out transactions: an event study analysis; ;
in International Journal of Economics and Accounting (2017), 8(1), 43-60
2016
The information content of issuer rating changes: Evidence for the G7 stock markets; ;
in International Review of Financial Analysis (2016), 47
Asymmetric Cost Behavior and Analyst Earnings Forecasts Revisited: Evidence from a New Firm-year Measure of Cost StickinessScientific Conference (2016, August 08)
The value relevance of SAM’s corporate sustainability ranking and GRI sustainability reportingin the European stock markets;
in Business Ethics : A European Review (2016), 25(1), 1-24
The solar shakeout – Capital market reactions to bankrupcty announcements in the German solar industry;
in Zeitschrift für Energiewirtschaft (2016), 40(3), 139-158
Asymmetric information and corporate social responsibility; ;
in Business and Society (2016), 55(3), 458-488
Kritischer Vergleich der Wertminderungsmodelle nach IAS 39 und IFRS 9 - eine Fallstudie; ; ;
in Zeitschrift für internationale Rechnungslegung (2016), 11(12), 499-505
Neudefinition der Umsatzerlöse und Anpassung der Größenklassen gem. BilRUG; ; ;
in Der Betrieb (2016), 26-27
2015
Does compliance with the German Corporate Governance Code pay off?: An investigation of the implied cost of capital; ;
in Journal of Risk Finance (2015), 16(3), 344-376
Abschlussprüfung und Honorarabängigkeit - Eine empirische Untersuchung der Auswirkungen auf die Unabhängigkeit des Abschlussprüfers; ; ;
in Betriebswirtschaftliche Forschung und Praxis (2015), 67(5), 563-588
2014
The world capital markets’ perception of sustainability and the impact of the financial crisis;
in Journal of Business Ethics (2014), 122(3), 475-500
Corporate sustainability in asset pricing models and mutual funds performance measurement; ;
in Financial Markets and Portfolio Management (2014), 28(4), 363-407
2013
Sustainability reporting out of a prisoner’s dilemmain Comby, J.; Eames, K.; Guiherý, L.; Gomez, J.; Öktem, A. (Eds.) Developing Sustainability (2013)
The effect of the German Accounting Law Modernization Act (BilMoG) on the earnings quality of private firms; ; ;
in Corporate Finance (2013), 5
2010
Nachhaltigkeitsberichterstattung als Instrument der Kapitalmarktkommunikation;
in KoR : internationale und kapitalmarktorientierte Rechnungslegung : IFRS (2010), 7-8
Zum Einsatz von Residualgewinnmodellen post BilMoG – Nähert sich das Accounting Model dem Economic Model;
in Journal of Management Control (2010), 20(4), 419-444
