WHU Professor Dr. Utz Schäffer and his co-authors Felix Fritsch and Professor Dr. Matthias Mahlendorf from the Frankfurt School of Finance & Management were awarded the Best Management Accounting Paper Award by the American Accounting Association for their article "When Opportunism Mitigates Over-Expectations-Budgeting Biases and Profit Expectations." Their paper shows that cognitive biases can help reduce opportunism and overly high profit expectations.
The award, given to recognize superior scholarship, will be presented to the winners at the Management Accounting Section Midyear Meeting, which will take place in Portland on January 06 - 08, 2022.
The authors share the award with Markus Brunner from Aarhus University and Julia Holzmann from TU Munich, who also received the Best Management Accounting Paper Award for their paper.