Fair Value Accounting: Did it Contribute to the Financial Crisis? (CFS lecture event) (final cut) To determine whether Fair Value Accounting contributed to the current crisis in financial markets, economists must examine the explicit and implicit connections of reported accounting numbers to the actions of the players in the financial markets and then ask whether such connections can create or exacerbate the problems that occurred over the last year. Prof. Christian Leuz, Joseph Sondheimer Professor of International Economics, Finance and Accounting at the University of Chicago Booth School of Business, has analyzed the potential connections which include contracts (e.g., covenants and margin requirements), management incentives, and regulatory capital requirements. Prof. Leuz will share key findings of research jointly conducted with Prof. Christian Laux (Goethe University Frankfurt and CFS) on the pros and cons of FVA and its role in the crisis. Christian Leuz is the Joseph Sondheimer Professor of International Economics, Finance and Accounting at the University of Chicago Booth School of Business. He is also an Co-Director of the Initiative on Global Markets, a Research Associate at the National Bureau for Economic Research and the European Corporate Governance Institute and a Fellow at Wharton’s Financial Institution Center. His research examines the role of corporate disclosures, accounting transparency and disclosure regulation in capital markets, corporate governance and corporate financing. His most recent publications have appeared in the Journal of Accounting Research, Journal of Financial Economics, and Journal of Accounting and Economics. Born in Germany, Professor Leuz earned his doctoral degree and “Habilitation” at the Goethe University Frankfurt. Prior to this position, he was the Harold Stott Term Assistant Professor in Accounting at the Wharton School of the University of Pennsylvania and a visiting doctoral fellow at the Simon School of Business, University of Rochester. More links: See link-button please. (Javascript is required to view Mediasite content)