Please use this identifier to cite or link to this item:
http://dspace.mediu.edu.my:8181/xmlui/handle/10419/19484| Title: | Who 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 |
| Keywords: | D82 M40 M41 K11 ddc:330 Accounting standards investor information market value patents Unternehmenswert Marktwert Verarbeitendes Gewerbe Börsenkurs Jahresabschluss Informationswert Patent Schätzung Deutschland |
| Issue Date: | 16-Oct-2013 |
| Description: | We 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. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/19484 |
| Other Identifiers: | http://hdl.handle.net/10419/19484 ppn:391524801 RePEc:zbw:bubdp1:2162 |
| Appears in Collections: | EconStor |
Files in This Item:
There are no files associated with this item.
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.