With German reunification in 1990, the EastGerman economy has been challenged to be transformedfrom a centrally planned economy to acompetitive market economy with the samestandard of living as in West Germany. Thegeneral intention has been to close the hugeeconomic gap between East German and...

With this study we are the first to systematically compare todays two major counterparts as a source of accounting and financial data for researchers: Compustat North America by Standard & Poors and Worldscope by Thomson Financial. This investigation is conducted for U.S. and partly Canadian...

This paper investigates which comparables selection method generates the mostprecise forecasts when valuing European companies with the enterprise value to EBIT multiple. We also consider the USA as a reference point. It turns out that selecting comparable companies with similar return on assets...

Recent research on international productivity comparisons with historical data has encountered large discrepancies between benchmark comparisons and time series extrapolations from other benchmarks. Broadberry and Burhop (2005) have recently argued that for Hoffmann´s (1965) widely accepted...