The joint paper of Associate Professor of Caucasus University, Erekle Pirveli and a Professor of the University of Bremen, Johann Tsimerman, was published in the Journal of Corporate Accounting and Finance of Wiley Publishing.

The journal is in the ABDC ranking system and is indexed by Web of Science (Clarivate Analytics), EBSCO Publishing and other channels.

The research explores the connection between the country’s wealth and the quality of financial information. The project was implemented in 3 different institutions in a span of 4 years: Caucasus University, Massachusetts Institute of Technology and Munich Ludwig Maximilian University. Over the time it has been funded with three scientific grants: Young Scientists Grant of Shota Rustaveli Scientific Foundation, Fulbright invited scholar grant and a joint research grant of Rustaveli and DAAD.

Mr. Erekle Pirveli and Mr. Johan Tsimerman, while reviewing 40 capital cities in 1992-2016, discovered that richer countries have improved their managerial but not financial information.

The finding is a novelty for the field and draws investors and policy makers’ interest.

See the article here