IAAER and KPMG are devoted to sponsoring research that informs the IASB decision process.

Research on Defining, Recognizing and Measuring Liabilities

Announcement: Grant Recipients

Original Call for Proposals

The International Association for Accounting Education and Research (IAAER), in collaboration with KPMG, is pleased to announce our Research on Defining, Recognizing and Measuring Liabilities grant recipients. The program supports scholarly research directed at informing the IASB’s decision process for the Board’s projects related to Liabilities and Equities. Funded projects will be showcased at an IAAER mini-conference in London hosted by the Institute of Chartered Accountants in England and Wales on September 14, 2007, the American Accounting Association August 2008 conference in special sessions co-hosted by IAAER and the AAA International Accounting Section, and an IAAER mini-conference in Norwalk in October 2008.

The following research teams participated in Round 2:

Leverage and Cost of Equity Capital – An Empirical Test of Various Definitions of Liability and Fair Value Measurement
C.S. Agnes Cheng and Kenneth J. Reichelt (Louisiana State University); Kay Newberry and Cathy Zishang Liu (University of Houston)

Accounting for Liabilities and Equity of Financial Institutions – Analyzing and Allocating Market and Credit Risk to Funding Instruments
Günther Gebhardt, Rolf Reichardt, and Michael Reiland (Universität Frankfurt am Main)

Does the Current Definition of Liabilities in the IASB’s Framework Provide an Adequate Basis for Estimating the Equity Value of the Firm When Using an Asset-Side Valuation Approach?
Mauro Bini, Francesco Momentè, and Francesco Reggiani (Università Bocconi); Emanuel Bagna (UTS)

Distinguishing Liability from Equity in Co-operative Entities
Fernando Polo-Garrido and Juan Francisco Juliá Igual (Universidad Politécnica de Valencia); James H. Smith, John Maddocks, and J. Tom Webb (St. Mary’s University); Elizabeth A. G. Hicks (Mount Saint Vincent University); Germán López-Espinosa (Universidad de Navarra); Volker Heegemann (Federal Association of German Cooperative Banks)

Risk Management Effects on Liabilities and Equity- Cost of Capital Implications
Paul J M Klumpes, Peng Wang, and Liyan Tang (Imperial College London)

Members of the IAAER KPMG Research Grant Program Round 2 Committee:

• Mary E. Barth, IASB Board Member and Atholl McBean Professor of Accounting, Stanford University
• Timothy B. Bell, Director, Assurance Research, KPMG International’s Audit & Advisory Services Center
• Katherine Schipper, Thomas Keller Professor of Business Administration, Duke University
• Donna L. Street (Program Coordinator), IAAER President and Mahrt Chair in Accounting, University of Dayton