Financial reporting is vital for the functioning of capital markets. Accountancy scandals are harmful for an economy. However directors have incentives to present financial information in a manner that furthers their own interest. Could changes in the remuneration packages for directors lead to a higher quality of financial reporting?

<link people david-veenman _blank>David Veenman, Associate Professor of Accounting, Auditing and Control, received a €250,000 Veni grant for his research proposal Executive compensation and financial reporting to do three years of further research on this topic. The grant is awarded by the Netherlands Organisation for Scientific Research (NWO) to young scientific talent. 

About NWO research grants

Through three sorts of grants, NWO focuses with the Innovational Research Incentives on three different phases in the scientific careers of researchers. Next to Veni grants there are Vidi and Vici grants. The Veni grant offers researchers who have only recently completed their doctorates the opportunity to develop their ideas during three years. The scheme is directed at providing encouragement for individual researchers and gives talented, creative researchers the opportunity to conduct their own research programme independently.