Hervé STOLOWY

Professor

Accounting and Management Control

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

Scientific articles

Les déterminants de la stratégie de "capitalisation" des frais de recherche et développement en France

Finance Contrôle Stratégie, 3 February 2004, vol. 7, n° 4, pp 87-106, (in coll. with Y. DING, M. TENENHAUS)

Regulatory Flexibility and Management Opportunism in the Choice of Alternative Accounting Standards: An Illustration Based on Large French Groups

International Journal of Accounting (DO NOT USE - transferred to World Scientific as of 2019), 2003, vol. 38, pp 195-213, (in coll. with Y. DING)

La gestion des données comptables : une revue de la littérature

Comptabilité Contrôle Audit [Accounting Auditing Control], 2 December 2003, vol. 1, n° 9, pp 125-152, (in coll. with G. Breton)

Audit financier et contrôle interne - l'apport de la loi Sarbanes-Oxley

Revue Française de Gestion, November-December 2003, vol. 29, n° 147, pp 133-143, (in coll. with E. Pujol, M. Molinari)

'Shopping Around' for Accounting Practices: the Financial Statement Presentation of French Groups

Academy of Management Executive, February 2003, vol. 39, n° 1, pp 42-65, (in coll. with M. TENENHAUS, Y. DING)

Les facteurs déterminants de la stratégie des groupes français en matière de communication sur les activités de R&D

Finance Contrôle Stratégie, July 2003, vol. 6, n° 1, pp 39-62, (in coll. with Y. DING)

Information comptable et financière sur internet

Revue Fiduciaire Comptable, June 2003, n° 296, pp 12-16,

Le crédit-bail - suivi comptable et fiscal

Revue Fiduciaire Comptable, February 2002, n° 281, pp 31-72,

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

Comptabilité Contrôle Audit [Accounting Auditing Control], 2 December 2002, vol. 1, n° 8, pp 45-68, (in coll. with Y. DING, M. TENENHAUS)

International Accounting Disharmony: The Case of Intangibles

Accounting, Auditing and Accountability Journal, 2001, vol. 14, n° 4, pp 477-496, (in coll. with A. Jeny-Cazavan)

Books

Chapters in edited books

Proceedings

Working papers

Corporate Governance : une synthèse de la littérature

Cahier de Recherche du Groupe HEC , 1997

L'intégration de la comptabilité générale, de la comptabilité analytique et des flux de trésorerie / The Integration of Financial Accounting, Management Accounting and Cash F

Cahier de Recherche du Groupe HEC , 1997

Accounting for Brands - A Comparison Between IASC, France and Germany

Cahier de Recherche du Groupe HEC , 1996

Value Added Accounting in Germany and France

Cahier de Recherche du Groupe HEC , 1995

Et si le SFAS 106 devenait applicable en France ? ou la comptabilisation des engagements de mutuelle et de prévoyance

Cahier de Recherche ESCP , 1993

L'influence américaine en comptabilité financière : mythe ou réalité ? l'exemple du tableau des flux de trésorerie - The American Influence in Accounting: Myth or Reality ? A

Cahier de Recherche ESCP , 1991

Etudes en comptabilité internationale

Cahier de Recherche ESCP , 1990

Le tableau de financement à l'ère des réformes

Cahier de Recherche ESCP , 1990

L'élaboration du tableau de financement

Cahier de Recherche ESCP , 1987

Principes comptables et information financière

Cahier de Recherche ESCP , 1987

Scientific articles

International evidence on the impact of adopting English as an external reporting language

Journal of International Business Studies, February 2015, vol. 46, n° 2, pp 180-205, (in coll. with T. JEANJEAN, M. ERKENS, T. YOHN)

Non-financial information: State of the art and research perspectives based on a bibliometric study

Comptabilité Contrôle Audit [Accounting Auditing Control], 3 February 2015, vol. 3, n° 21, pp 15-92, (in coll. with M. ERKENS, L. PAUGAM)

The construction of a trustworthy investment opportunity: Insights from the Madoff fraud

Contemporary Accounting Research, Summer 2014, vol. 31, n° 2, pp 354-397, (in coll. with R. Baker, T. Jeanjean, M. Messner)

Analyst coverage, earnings management and financial development: An international study

Journal of Accounting and Public Policy, January-February 2013, vol. 32, n° 1, pp 1-25, (in coll. with F. Degeorge, Y. Ding, T. Jeanjean)

Books

Financial Accounting and Reporting - a global perspective - 1st edition

Cengage (in coll. with M. LEBAS, Y. DING )

Les mécanismes comptables de l'entreprise

Montchrestien - Gualino éditeur (in coll. with C. CAUVIN, Y. DING, D. PHAM, C. BONNIER, P. DELVAILLE, J. EGLEM, C. GUERLAIN, C. MAILLET, A. MIKOL, C. SIMON )

Controle de gestion - DECF épreuve n° 7 - cas pratiques corrigés

Gualino Editeur (in coll. with A. Mikol )

Cas pratiques de comptabilité analytique et contrôle de gestion

Dunod-Clet (in coll. with A. Mikol )

Chapters in edited books

Les documents de synthèse

Comptabilité Financière De L'Entreprise, J. Y. Eglem, H. Stolowy (Eds), Montchrestien - Gualino éditeur

Un cadre d'analyse : les tableaux de financement et de flux

Comptabilité Financière De L'Entreprise, J. Y. Eglem, H. Stolowy, Montchrestien - Gualino éditeur

Change in international accounting harmonisation: the French viewpoint

Informazione Societaria E Nuovi Processi Di Armonizzazione Internazionale - Alle Soglie Del Cambiamento, S. Zambon (Ed.), Il Mulino

A Integraçao da contabilidade geral, da contabilidade analitica e dos fluxos de tesouraria: uma resposta as necessidades das empresas, traduction de "L'intégration de la comptabilité générale, de la comptabilité analytique et des flux de trés

Questoes De Controlo E Gestao, RES Editore LDA, Lisbonne, chap. 10

Proceedings

Working papers

La publication d'une information financière non conforme à la loi et aux normes : déterminants et conséquences

Cahier de Recherche du Groupe HEC , 2008

The role of managers' attitude in corporate fraud: Extending auditing standards

Cahier de Recherche du Groupe HEC , 2008

The usefulness of disclosing both direct and indirect cash flows: An empirical study

Mimeo , 2008

Too much information kills the message: the case of the fair value of unlisted investments

Mimeo , 2008

Education

  • Habilitation a diriger des recherches (Qualified Research Supervisor), Accounting, Université Paris - Est Créteil Val-de-Marne - France
  • Doctorat de sciences de gestion (Ph.D. in Financial Accounting), Université Paris I Panthéon Sorbonne - France
  • "Expert comptable degree" (French C.P.A.). Best dissertation award, _ - France
  • Maitrise de Droit Prive, Université Paris - Est Créteil Val-de-Marne - France
  • Diplome Grande Ecole (Master Degree in Management), Ecole Supérieure de Commerce de Paris - ESCP - France
  • B.A. in Russian and American Studies, Université Paris Sorbonne Lettres et Civilisations - France

Scientific Activities

Membership in Academic or Professional Organisation

  • Secretary-Treasurer, International Association for Accounting Education and Research
  • Member of the executive committee and treasurer of the French Accounting Association
  • Fellow of the Center for International Accounting Education and Research (CIAER), Niagara University, USA (2001-)
  • Member of the Centre de Recherche en Controle et en Comptabilite Internationale (CRECCI), IRGAE, Universite de Montesquieu Bordeaux IV (2002-)
  • Member of the executive committee, vice-president (2003-2007) and president (2007-2009) of the French Accounting Association
  • Member, Association Francophone de Comptabilite (AFC)
  • Member, American Accounting Association
  • Member, Association Canadienne des Professeurs de Comptabilite

Editorial activities

  • 2016-2019 Editor of The European Accounting Review

    • Conference organisation

  • 2014- Organisation de la 9ème Journée de formation en Méthodologie de la Recherche en Comptabilité - Contrôle – Audit
  • 2010-2013 Chairman of the Standing Scientific Committee of the European Accounting Association
  • 2006-2006 Organization of the Illinois International Accounting Symposium (The International Journal of Accounting), HEC (in collaboration with Yuan Ding and Thomas Jeanjean)
  • 2006-2006 Member of the scientific committee of the 29th EAA Annual Congress (Dublin)
  • 2005-2005 Member of the scientific committee of the 28th EAA Annual Congress (Göteborg)
  • 2003-2003 Member of the scientific committee of the 26th EAA Annual Congress (Sevilla)
  • 2002-2002 Member of the scientific committee of the 25th EAA Annual Congress (Copenhagen)
  • 1997-1997 Chairman of the Scientific Committee and member of the Organizing Committee of the IAAER 8th World Congress (International Association for Accounting Education and Research), Paris
  • 1994- Co-organization of the French Accounting Association symposium: Pédagogie en comptabilité et relations entre milieux académiques et professionnels - France / USA, ESCP.
  • 1989- Organization of the French Accounting Association seminar: Le tableau de financement à l'ère des réformes, ESCP

    • Awards & honors

    • 2021 2021 Pierre Vernimmen - BNP Paribas Teaching Award: Career Achievement Award for teaching excellence
    • 2017 2017 Award for Excellence in accounting 2017 in the category Academics, Autorite des normes comptables (ANC)
    • 2013 Best Paper Award: "Evidence on the impact of adopting English as an external reporting language and foreign investment, analyst following, and liquidity", American Accounting Association International Accounting Section 2013 Mid-year conference, 21-23 February (in coll. with M. Erkens, T. Jeanjean and T. Yohn)
    • 2005 Best Paper Award: "Differences between Domestic Accounting Standards and IAS: Measurement, Determinants and Implications", International Research Conference for Accounting Educators, Bordeaux
    • 2005 HEC Foundation award for the book: Corporate Financial Reporting: A Global Perspective, 2002, Thomson, London (in coll. with M. Lebas).
    • 2003 BNP Paribas Pierre Vernimmen Teaching Award
    • 1986 1986 - Best CPA Disssertation Award