
Professor Adriana Korczak
PhD(Frankfurt)
Expertise
I study how company reporting, insider trading and corporate disclosures affect investors and financial markets. I also examine digital assets and cryptocurrencies, helping improve accounting information for businesses and public
Current positions
Professor of Accounting and Finance
University of Bristol Business School
Contact
Press and media
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Biography
I am Professor of Accounting and Finance at the University of Bristol. My research explores how financial reporting, corporate disclosure and insider trading shape investor decisions and the functioning of capital markets. I am particularly interested in how information reaches markets, how investors interpret it, and how regulation can support more transparent and useful reporting.
My work on insider trading examines when and why company directors trade in their own firms’ shares, and what those trades can reveal about information, governance and future firm performance. I also study the effects of accounting rules and disclosure choices on information asymmetry, analyst forecasts and market liquidity.
More recently, I have developed a research programme on the accounting and reporting of cryptocurrencies and other digital assets. I investigate how companies report cryptoasset holdings under IFRS and US GAAPs, and how these choices affect investors and analysts. As a Policy Fellow at the IFRS Foundation, I bring academic evidence to discussions with standard setters, regulators and market participants. Alongside my research, I teach financial reporting and accounting and capital markets, and supervise doctoral students in accounting and finance.
My work on insider trading examines when and why company directors trade in their own firms’ shares, and what those trades can reveal about information, governance and future firm performance. I also study the effects of accounting rules and disclosure choices on information asymmetry, analyst forecasts and market liquidity.
More recently, I have developed a research programme on the accounting and reporting of cryptocurrencies and other digital assets. I investigate how companies report cryptoasset holdings under IFRS and US GAAPs, and how these choices affect investors and analysts. As a Policy Fellow at the IFRS Foundation, I bring academic evidence to discussions with standard setters, regulators and market participants. Alongside my research, I teach financial reporting and accounting and capital markets, and supervise doctoral students in accounting and finance.
Research interests
Market based accounting research, insider trading, corporate governance
Projects and supervisions
Research projects
The economic effects of new EU insider trading regulations
Role
Co-Investigator
Description
The project explores the impact of changes in EU insider trading regulations on stock pricing, market cleanliness, and on firm and insider behaviour.Dates
01/11/2019
Thesis supervisions
Publications
Recent publications
01/04/2026The veracity of insider trading signals in financially distressed firms
Journal of Empirical Finance
Religion and Insider Trading Profits
Journal of Banking and Finance
Political uncertainty exposure of individual companies
Journal of Banking and Finance
The use of earnings and operations management to avoid credit rating downgrades
Accounting and Business Research
Profitability of insider trading in Europe
Journal of Empirical Finance
Teaching
I teach accounting and finance at undergraduate and postgraduate levels, with particular expertise in financial reporting, accounting theory, corporate disclosure and accounting in capital markets. My teaching is informed by the view that accounting is not simply a technical process: it shapes how organisations communicate with investors, regulators and wider society. I aim to help students understand both the rules of financial reporting and the economic consequences of reporting choices.
My current teaching includes financial reporting and analysis, and accounting and capital markets. In these units, students examine how accounting information is prepared, interpreted and used in investment decisions. I use real-world cases, company reports and current regulatory developments to connect core concepts with practice. Topics include the usefulness of financial statements, earnings management, fair value accounting, disclosure, corporate governance and the role of accounting information in financial markets.
I aim to create an inclusive and engaging learning environment in which students can develop confidence in analysing complex information, questioning assumptions and communicating evidence-based conclusions. I use a combination of lectures, discussion, problem-solving activities and applied assessments, encouraging students to link academic research with practical decision-making. I also supervise postgraduate dissertations and doctoral research in areas including financial reporting, capital markets, corporate disclosure and digital assets.
My current teaching includes financial reporting and analysis, and accounting and capital markets. In these units, students examine how accounting information is prepared, interpreted and used in investment decisions. I use real-world cases, company reports and current regulatory developments to connect core concepts with practice. Topics include the usefulness of financial statements, earnings management, fair value accounting, disclosure, corporate governance and the role of accounting information in financial markets.
I aim to create an inclusive and engaging learning environment in which students can develop confidence in analysing complex information, questioning assumptions and communicating evidence-based conclusions. I use a combination of lectures, discussion, problem-solving activities and applied assessments, encouraging students to link academic research with practical decision-making. I also supervise postgraduate dissertations and doctoral research in areas including financial reporting, capital markets, corporate disclosure and digital assets.
