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dc.contributor.authorReitzig, Markusen_US
dc.contributor.authorRamb, Freden_US
dc.coverage.temporal1997-2002en_US
dc.date.accessioned2009-01-28T15:58:53Z-
dc.date.available2009-01-28T15:58:53Z-
dc.date.issued2004en_US
dc.identifier.urihttp://hdl.handle.net/10419/19484-
dc.description.abstractWe present a theoretical and empirical analysis of the fitness of national German (German Commercial Code - Handelsgesetzbuch (HGB)) and international (IAS and US-GAAP) accounting information, as well as European patent data to explain the market values of German manufacturing firms. For the chosen volatile period from 1997 to 2002, cautious national accounting information does not correlate with the firms? residual market values (RMV). International accounting information makes no meaningful contribution to explaining firms? RMV and seems to measure overinvestment only. Finally, patents counted at the individual country level correlate with the firms? RMV.en_US
dc.language.isoengen_US
dc.relation.ispartofseriesDiscussion paper Series 1 / Volkswirtschaftliches Forschungszentrum der Deutschen Bundesbank 2004,17en_US
dc.subject.jelD82en_US
dc.subject.jelM40en_US
dc.subject.jelM41en_US
dc.subject.jelK11en_US
dc.subject.ddc330en_US
dc.subject.keywordAccounting standardsen_US
dc.subject.keywordinvestor informationen_US
dc.subject.keywordmarket valueen_US
dc.subject.keywordpatentsen_US
dc.subject.stwUnternehmenswerten_US
dc.subject.stwMarktwerten_US
dc.subject.stwVerarbeitendes Gewerbeen_US
dc.subject.stwBörsenkursen_US
dc.subject.stwJahresabschlussen_US
dc.subject.stwInformationswerten_US
dc.subject.stwPatenten_US
dc.subject.stwSchätzungen_US
dc.subject.stwDeutschlanden_US
dc.titleWho do you trust while bubbles grow and blow? A comparative analysis of the explanatory power of accounting and patent information for the market values of German firmsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn391524801en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:bubdp1:2162-
Appears in Collections:Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank

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