12 million Euros for research on firm transparency
For the first time, the Deutsche Forschungsgemeinschaft (DFG), which funds excellence and knowledge-oriented research, funds a Collaborative Research Centre (CRC) with a business focus. The CRC "Accounting for Transparency" will start in July and will initially be funded for four years with a funding volume of about 12 million Euros. As so-called Transregio, Paderborn University, Humboldt-Universität zu Berlin as well as University of Mannheim jointly applied for funding of their CRC initiative. Paderborn University with its Faculty of Business Administration and Economics will assume the role of the speaker of the consortium. Speaker and responsible coordinator of the new Collaborative Research Centre will be Prof. Dr. Caren Sureth-Sloane, Professor for Business Administration, esp. Business Taxation in the Department "Taxation, Accounting and Finance" at the Faculty of Business Administration and Economics. In addition to the applicant institutions, researchers from Ludwig-Maximilians-Universität Munich, European School of Management and Technology Berlin, Frankfurt School of Finance and Management, Goethe University Frankfurt and WHU – Otto Beisheim School of Management will be involved in the CRC. In the consortium, a team of over 80 researchers in the first four years will investigate how accounting and taxation influences transparency of firms and how regulation and firm transparency affects economy and society. The Collaborative Research Centre "Accounting for Transparency" shall contribute to develop reasonable rules for firm transparency and for a transparent taxation system. Thereby, research conducted in the CRC will contribute to confidence in economics and politics.