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, 6th edition, 2020, in collaboration with Yuan Ding and Luc Paugam), chapters in 10 collective works and published over 70 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, Revue Française de Comptabilité and Strategic Management Journal). His research and teaching interests span financial and international accounting, and focus more specifically on non-financial information, ESG reporting and performance, accounting fraud, accounts manipulation, whistleblowers, activist short sellers, intangibles, international accounting harmonization.

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 Editor of European Accounting Review, past president of AFC, past co-Editor of Comptabilité - Contrôle - Audit, past chair of the Standing Scientific Committee of the European Accounting Association.

Hervé Stolowy teaches financial accounting in the different graduate programs of HEC Paris:financial accounting and reporting (HEC-MBA Program, HEC Master of Science in Management - Grande Ecole and HEC EMBA).

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Scientific articles

Breaking Incommensurability Boundaries? On the Production and Publication of Inter-Paradigmatic Research

Qualitative Research in Accounting and Management, Forthcoming, (in coll. with Y. GENDRON, L. PAUGAM)

Sustainability reporting: Is convergence possible?

Accounting in Europe, 2023, vol. 20, n° 2, pp 139-165, (in coll. with L. PAUGAM)

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

Abacus, March 2022, vol. 58, n° 1, pp 62-104, (in coll. with A. FILIP, G. J. LOBO, L. PAUGAM)

Name and Shame: A Comparative and International Analysis of Whistleblowing Laws

Journal of Business Law, 2022, vol. 5, n° 2022, pp 357-382, (in coll. with N. STOLOWY)

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

Accounting, Organizations and Society, July 2022, vol. 100, n° 101334, (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)

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)

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)

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)

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

Le lanceur d’alerte. Un essai de perspective historique

Histoire, Management Et Société. Mélanges En L’honneur D'Henri Zimnovitch, Yves Levant, Classiques Garnier, 367-380

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

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

Pessimistic Target Prices by Short Sellers

Cahier de Recherche du Groupe HEC , 2021

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

Are auditors' duties concilable with Public Opinion?

Mimeo , 2011

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

Cahier de Recherche du Groupe HEC , 2011