Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/19621
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dc.contributor.authorRamb, Freden_US
dc.contributor.authorReitzig, Markusen_US
dc.date.accessioned2009-01-28T16:01:31Z-
dc.date.available2009-01-28T16:01:31Z-
dc.date.issued2005en_US
dc.identifier.urihttp://hdl.handle.net/10419/19621-
dc.description.abstractOn the basis of accounting and market data for firms and groups listed on German stockexchanges between 1997 and 2003, we show that the value relevance of R&Dinformation under German accounting standards can be superior to that provided byUS-GAAP and IAS. The results, obtained while dynamically controlling for partialfreedom of firms to choose a standard in a modified Q model, show that the risk ofIAS/US-GAAP misinforming investors during "bear market" periods is more relevantthan their comparative advantage over the prudence principle of the GermanCommercial Code in "bull market" periods. Using the approach chosen for this study, itis possible not only to draw a clear dividing line between standard and selection effectsbut also to disentangle them along theoretical lines more clearly than in earlier studies.en_US
dc.language.isoengen_US
dc.publisher|aDeutsche Bundesbank |cFrankfurt a. M.-
dc.relation.ispartofseries|aDiscussion paper Series 1 / Volkswirtschaftliches Forschungszentrum der Deutschen Bundesbank |x2005,36en_US
dc.subject.jelK11en_US
dc.subject.jelM41en_US
dc.subject.jelD82en_US
dc.subject.jelM40en_US
dc.subject.ddc330en_US
dc.subject.keywordAccounting standardsen_US
dc.subject.keywordstandard selectionen_US
dc.subject.keywordR&Den_US
dc.subject.keywordvalue relevanceen_US
dc.subject.keywordGermanyen_US
dc.subject.stwIndustrielle Forschungen_US
dc.subject.stwBerichtswesenen_US
dc.subject.stwInformationswerten_US
dc.subject.stwBilanzrechten_US
dc.subject.stwVergleichen_US
dc.subject.stwDeutschlanden_US
dc.subject.stwUSAen_US
dc.subject.stwWelten_US
dc.titleComparing the value revelance of R&D reporting in Germany: standard and selection effectsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn500982627en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:bubdp1:4230-

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