Hervé STOLOWY

Professor

Accounting and Management Control

stolowy@hec.fr https://people.hec.edu/stolowy/

Biography

Hervé Stolowy holds a Degree in Business Administration (ESCP Europe), a Master's degree in Law (University Paris-Val de Marne), a B.A. in Russian and American Studies (University Paris-Sorbonne), a Ph.D. in Financial Accounting (University Paris-Panthéon-Sorbonne) and an "Habilitation à diriger des recherches" ("Qualified Doctoral Dissertation Supervisor"). He is a certified "expert comptable" (French equivalent of a chartered accountant or certified public accountant).

He has authored and co-authored nine books (including "Financial Accounting and Reporting - A Global Perspective", Cengage, Andover, UK, 5th edition, 2017, in collaboration with Yuan Ding), chapters in 10 collective works and published over 65 articles in academic and applied journals (Abacus, Accounting Auditing & Accountability Journal, Accounting, Organizations and Society, Advances in International Accounting, Contemporary Accounting Research, Comptabilité - Contrôle - Audit, European Accounting Review, Finance - Contrôle - Stratégie, Journal of International Business Studies, The International Journal of Accounting, Issues in Accounting Education, Journal of Accounting and Public Policy, Les Echos, Review of Accounting and Finance, Revue de Droit Comptable and Revue Française de Comptabilité). His research and teaching interests span financial and international accounting, and focus more specifically on accounts manipulation, intangibles, international accounting harmonization and cash flow statements.
He is a member of the Association Francophone de Comptabilité (AFC), European Accounting Association (EAA), American Accounting Association (AAA), and Canadian Academic Accounting Association (CAAA).
He is past president of AFC, past co-Editor of Comptabilité - Contrôle - Audit, past chair of the Standing Scientific Committee of the European Accounting Association and current Editor of European Accounting Review.
Hervé Stolowy teaches financial accounting in the different graduate programs of HEC Paris: introduction to financial accounting and financial statement analysis (HEC-MBA Program and HEC Master of Science in Management - Grande Ecole), and both advanced accounting and international accounting (HEC MSc in Management Grande Ecole). He also teaches in the HEC doctoral program (research in financial accounting) and supervises several Ph.D. students.

Filter

Scientific articles

Disclosures about key value drivers in M&A announcement press releases: An exploratory study

Abacus, Forthcoming, (in coll. with A. FILIP, G. J. LOBO, L. PAUGAM)

Competing for narrative authority in capital markets: Activist short sellers vs. financial analysts

Accounting, Organizations and Society, Forthcoming, (in coll. with L. PAUGAM, Y. GENDRON)

Deploying narrative economics to understand financial market dynamics: an analysis of activist short sellers’ rhetoric

Contemporary Accounting Research, Fall 2021, vol. 38, n° 3, pp 1809-1848, (in coll. with L. PAUGAM, Y. GENDRON)

Editorial : Gouvernance des revues

Comptabilité Contrôle Audit, 2020, vol. 26, n° 1, pp 9-20, (in coll. with N. BERLAND, I. MARTINEZ)

Building the legitimacy of whistleblowers: A multi-case discourse analysis

Contemporary Accounting Research, Spring 2019, vol. 36, n° 1, pp 7-49, (in coll. with Y. GENDRON, J. MOLL, L. PAUGAM)

Do Investors Actually Value Sustainability Indices? Replication, Development, and New Evidence on CSR visibility

Strategic Management Journal, Septembre 2019, vol. 40, n° 9, pp 1471-1490, (in coll. with R. DURAND, L. PAUGAM)

The expansion of non-financial reporting: an exploratory study

Accounting and Business Research, July 2018, vol. 48, n° 5, pp 525-548, (in coll. with L. PAUGAM)

Non-additivity in accounting valuation: Theory and applications

Abacus, September 2018, vol. 54, n° 3, pp 381-416, (in coll. with L. PAUGAM, Jean-François CASTA)

Media bias and the persistence of the expectation gap: An analysis of press articles on corporate fraud

Journal of Business Ethics, September 2017, vol. 144, n° 3, pp 637-659, (in coll. with J. COHEN, Y. DING, C. LESAGE)

The Effect of Business and Financial Market Cycles on Credit Ratings: Evidence from the Last Two Decades

Abacus, March 2017, vol. 53, n° 1, pp 59-93, (in coll. with G. LOBO, L. PAUGAM, P. ASTOLFI)

Books

财务报告与分析：一种国际化视角 (Cai wu bao gao yu fen xi: yi zhong guo ji hua shi ye) (Chinese adaptation of “Financial Accounting and Reporting – A Global Persp

CEIBS Publishing 2021 (in coll. with Y. DING, L. PAUGAM)

Financial accounting and reporting - A global perspective

Cengage 2020 (in coll. with Y. DING, L. PAUGAM)

Comptabilité et Analyse Financière

De Boeck Supérieur 2017 (in coll. with G. LANGLOIS, Y. DING)

Financial Accounting and Reporting

South-Western Cengage Learning 2017 (in coll. with Y. DING)

(Cai wu bao gao yu fen xi: yi zhong guo ji hua shi ye), adaptation chinoise de Financial Accounting and Reporting - a global perspective

CEIBS Publishing 2013 (in coll. with Y. DING, M. LEBAS)

Comptabilité et analyse financière (adaptation française de Financial Accounting and Reporting - a global perspective, 4e éd.)

De Boeck Université, Bruxelles 2013 (in coll. with M. Lebas, G. Langlois)

Financial Accounting and Reporting - a global perspective

Thomson Learning, London 2010 (in coll. with M. LEBAS)

Financial Accounting and Reporting - a global perspective

South-Western Cengage Learning 2010 (in coll. with M. LEBAS)

Comptabilité financière de l'entreprise (J. Y. Eglem, H. Stolowy Eds)

Montchrestien - Gualino éditeur 2008 (in coll. with D. PHAM, C. GUERLAIN)

Financial Accounting and Reporting - a global perspective

Thomson Learning, London 2006 (in coll. with M. LEBAS)

Chapters in edited books

De la dénonciation à l’alerte éthique – Histoire et institutionnalisation du « whistleblowing » comme mode de contrôle social”

L'Histoire Comme Méthode Pour Comprendre Le Managment, Mathieu Floquet, Pierre Labardin, Yves Levant, Editions L'Harmattan, 123-136

IFRS and France: A Marriage of Convenience

Ifrs In A Global World: International And Critical Perspectives On Accounting - Essays In Honor Of Professor Jacques Richard, D. Bensadon and N. Praquin, Springer, New York, 247-261

Le format des états financiers : évolutions et réflexions

La Comptabilité En Action – Mélanges En L’honneur Du Professeur Geneviève Causse, Alain Burlaud, Arnaud Thauvron, Editions L'Harmattan, 129-159

La recherche sur les tableaux de flux : panorama, analyse et recherches futures

Comptabilité, Finance, Et Politique - Mélanges En L’honneur Du Professeur Christian Hoarau, A. Burlaud (Ed.), Experts-Comptables Services, 157-172

Manipulation of Accounts

Wiley Encyclopedia Of Management, John Wiley & Sons US, 1, 1-6

De la qualité comptable : mesure et enjeux

Comptabilité, Société, Politique - Mélanges En L'Honneur Du Professeur Bernard Colasse, M. Nikitin, C. Richard (Eds), Editions Economica, 97-111

Le bilan d'une nation selon la Banque Mondiale, IFRS et comptabilité environnementale

Comptabilité, Contrôle Et Société - Mélanges En L'Honneur Du Professeur Alain Burlaud, C. Hoarau, J. L. Malo, C. Simon (Eds), Foucher, Paris, 171-181

Compatibilité créative

Encyclopédie De Comptabilité, Contrôle De Gestion Et Audit, B. Colasse, Editions Economica, 187-207

Les analystes financiers contribuent-ils à la qualité de l'information financière ?

L'Art Du Management - Leadership, Performance, Développement Durable, B. Ramanantsoa (Ed.), Pearson Education France, Partie 2 - chap 2

La manipulation des comptes : motivations et pratiques

L'Art Du Management 3, HEC Paris, Dunod, 151-156

Proceedings

Analyse des déterminants de la compétence financière des conseils d'administration en France

Actes du 27e Congrès de l'Association Francophone de Comptabilité , 2006 , Tunis (T. Jeanjean)

Capitalisation des frais de R&D en France : déterminants et pertinence

Actes du 24e Congrès de l'Association Francophone de Comptabilité (cédérom) , 2003 , Louvain-la-Neuve (Y. DING)

La référence à des normes 'alternatives' par les grands groupes français : une étude empirique sur la période 1985-1999

Actes du 23e Congrès de l'Association Française de Comptabilité , 2002 , Toulouse (Y. DING)

L'internationalisation de la présentation des états financiers des sociétés françaises : une étude empirique longitudinale

Actes du 21e Congrès de l'Association Française de Comptabilité (cédérom) , 2001 (Y. DING, M. TENENHAUS)

Working papers

Deploying Narrative Economics to Understand Financial Market Dynamics: An Analysis of Activist Short Sellers’ Rhetoric

Cahier de Recherche du Groupe HEC , 2020

Do Investors Actually Value Sustainability Indices? Replication, Development, and New Evidence on CSR Visibility

Cahier de Recherche du Groupe HEC , 2019

Building the Legitimacy of Whistleblowers: A Multi-Case Discourse Analysis

Cahier de Recherche du Groupe HEC , 2018

The Expansion of Non-Financial Reporting: An Exploratory Study

Cahier de Recherche du Groupe HEC , 2018

Managerial Risk Aversion and Accounting Conservatism

Cahier de Recherche du Groupe HEC , 2017

Non-Additivity in Accounting Valuation: Theory and Applications

Cahier de Recherche du Groupe HEC , 2017

Media Bias and the Persistence of the Expectation Gap: An Analysis of Press Articles on Corporate Fraud

Cahier de Recherche du Groupe HEC , 2015

Information, trust and the limits of intelligent accountability in investment decision making: Insights from the Madoff case

Cahier de Recherche du Groupe HEC , 2011

The Economic Consequences of Increasing the International Visibility of Financial Reports

Cahier de Recherche du Groupe HEC , 2011

An Experiment in the Economic Consequences of Additional Disclosure: The Case of the Fair Value of Unlisted Equity Investments

Mimeo , 2010