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On the basis of accounting and market data for firms and groups listed on German stock exchanges between 1997 and 2003, we show that the value relevance of R&D information under German accounting standards can be superior to that provided by US-GAAP and IAS. The results, obtained while...
Persistent link: https://www.econbiz.de/10010295781
) Germany. In addition, the different methods are examined critically from a theoretical perspective, focusing on two types of … procedure: statistical methods and methods based on economic theory. The latter include a new procedure which is based on the P …. Statistical core inflation rates perform relatively well, while core rates based on economic theory suffer, in particular, from a …
Persistent link: https://www.econbiz.de/10010295692
strongest with respect to af liate employment in Western Europe. A one percent larger wage gap between Germany and locations in …
Persistent link: https://www.econbiz.de/10010295676
A number of recent studies nd evidence for the existence of a persistent performance gap between multinational enterprises (MNE) and their domestic competitors. Therefore, the question arises whether successful rms become MNEs or whether going abroad improves home market performance. This paper...
Persistent link: https://www.econbiz.de/10010295791
This paper tests some of the predictions of recent advances in trade theory that have focused on different trade … theory. …
Persistent link: https://www.econbiz.de/10010295792
An economy in which deposit-taking banks of a Diamond/ Dybvig style and an asset market coexist is modelled. Firstly, within this framework we characterize distinct financial systems depending on the fraction of households with direct investment opportunities that are less efficient than those...
Persistent link: https://www.econbiz.de/10010295758
-driven and theory-based modelling in a rigorous manner. …
Persistent link: https://www.econbiz.de/10010295876
This paper compares the mixed-data sampling (MIDAS) and mixed-frequency VAR (MF-VAR) approaches to model speci…cation in the presence of mixed-frequency data, e.g., monthly and quarterly series. MIDAS leads to parsimonious models based on exponential lag polynomials for the coe¢ cients,...
Persistent link: https://www.econbiz.de/10010298754