DFG promotes excellent research at ESMT Berlin on financial accounting
The German Research Foundation (Deutsche Forschungsgemeinschaft – DFG), which facilitates scientific excellence and allocates funds for knowledge-oriented research, has approved a new Collaborative Research Center (CRC) on “Accounting for Transparency.” ESMT Berlin with its Center for Financial Reporting and Auditing (CFRA) is one of the seven partner institutions, including the application leads Humboldt University Berlin, University of Mannheim, and Paderborn University.
The new CRC is the first with a focus on business and management and comprises 23 research projects at the partner schools. A team of over 80 researchers will investigate how accounting methods influence corporate transparency and how this affects society. The relevance of these topics has increased since the global financial crisis of 2007 and the resulting demands for greater transparency. The CRC’s initial funding totals €12 million for four years, starting on July 1, 2019 and may be extended twice.
“This is a ‘game changer’ for accounting research in Germany and a recognition of the excellent research conducted at ESMT in this area,” says Joachim Gassen, Full Professor at the School of Business and Economics, Humboldt University, and Distinguished Affiliate Professor at ESMT, who is deputy spokesperson of the partner institutions. “Studying the pressing questions of corporate transparency and fair taxation, we ourselves will also be transparent about our research. The data we collect and the methods we use will be made available so that the academic community can replicate and build on our work. In addition, we will develop tools to communicate our research to the general public in intuitive and transparent ways.”
The DFG is establishing 14 new CRCs this year to further strengthen top-level research at German universities. Six of those are collaborations of several applicant universities.