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dc.contributor.authorReitzig, Markusen
dc.contributor.authorRamb, Freden
dc.date.accessioned2009-01-28T15:58:53Z-
dc.date.available2009-01-28T15:58:53Z-
dc.date.issued2004-
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
dc.language.isoengen
dc.publisher|aDeutsche Bundesbank |cFrankfurt a. M.en
dc.relation.ispartofseries|aDiscussion Paper Series 1 |x2004,17en
dc.subject.jelD82en
dc.subject.jelM40en
dc.subject.jelM41en
dc.subject.jelK11en
dc.subject.ddc330en
dc.subject.keywordAccounting standardsen
dc.subject.keywordinvestor informationen
dc.subject.keywordmarket valueen
dc.subject.keywordpatentsen
dc.subject.stwUnternehmenswerten
dc.subject.stwMarktwerten
dc.subject.stwVerarbeitendes Gewerbeen
dc.subject.stwBörsenkursen
dc.subject.stwJahresabschlussen
dc.subject.stwInformationswerten
dc.subject.stwPatenten
dc.subject.stwSchätzungen
dc.subject.stwDeutschlanden
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 firms-
dc.typeWorking Paperen
dc.identifier.ppn391524801en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:bubdp1:2162en

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