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What happened to the knowledge economy? ICT, intangible investment and Britain's productivity record revisited
Marrano, Mauro Giorgio; Haskel, Jonathan; Wallis, Gavin - 2007
appears unaffected: investment rates are flat, and productivity has slowed down. We investigate whether measurement issues … as intermediate consumption. Thus they do not count as either GDP or investment. We ask how treating such spending as … investment affects some key macro variables, namely, market sector gross value added (MGVA), business investment, capital and …
Persistent link: https://www.econbiz.de/10010284188
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Regional infrastructure and firm investment. Theory and empirical evidence for Italy
Aiello, Francesco; Iona, Alfonsina; Leonida, Leone - 2009
investment decisions via both adjustment costs and marginal profitability of capital. We test these hypotheses by using a large …
Persistent link: https://www.econbiz.de/10010280744
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Information asymmetries and the value-relevance of cash flow and accounting figures: empirical analysis and implications for managerial accounting
Rapp, Marc Steffen - 2010
While some of the modern performance measures used in managerial accounting rely on cash flow based figures others try to take advantage of the information content of accounting figures. However, whether the additional information content in the accrual components of earnings improves the...
Persistent link: https://www.econbiz.de/10010305710
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Principer för hållbarhetsredovisning i teori och praktik: En studie av fjärrvärmebranschen.
Helin, Sven; Frostenson, Magnus - 2009
Intresset för hållbar utveckling har ökat markant under det senaste åren. Inte minst märks det i att allt fler företag numera lämnar hållbarhetsredovisningar. I takt med denna utveckling har även olika ramverk växt fram för att utveckla kvaliteten på dessa redovisningar där...
Persistent link: https://www.econbiz.de/10012654342
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International Price and Earnings Momentum
Leippold, Markus; Lohre, Harald - National Centre of Competence in ResearchFinancial … - 2008
We find that price and earnings momentum are pervasive features of international equitymarkets when controlling for data snooping biases. For European countries, we find that pricemomentum is subsumed by earnings momentum on an aggregate level. However, this rationaledoes not apply to each and...
Persistent link: https://www.econbiz.de/10005868982
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A property rights based consolidation approach
Casajus, André; Labrenz, Helfried - 2014
We suggest a full consolidation approach that takes into account the property rights structure whithin the subsidiaries, in particular, the majority requirements on restructurings. Our approach employs a property rights index based on cooperative game theory.
Persistent link: https://www.econbiz.de/10010332840
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The impact of managerial ownership, monitoring and accounting standard choice on accrual mispricing
Gegenfurtner, Bernhard; Ampenberger, Markus; Kaserer, … - 2009
We analyse to what extent the accrual anomaly is related to the choice of the accounting system as well as firm-level heterogeneity in corporate governance mechanisms. Using a unique dataset of listed German firms over the period 1995 to 2005 we first corroborate former results indicating that...
Persistent link: https://www.econbiz.de/10010305701
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Does the introduction of IFRS change the timeless of loss recognition? Evidence from German firms
Brauer, Sebastian; Leuschner, Carl-Friedrich; … - 2011
In this paper, we re-evaluate the hypothesis that the introduction of the IFRS has an impact on the timeliness of loss recognition. We test this hypothesis in a data set of public German firms that report according to German-GAAP and IFRS, respectively. The parallel use of the two accounting...
Persistent link: https://www.econbiz.de/10010289303
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A note on the time series measure of conservatism
Brauer, Sebastian; Westermann, Frank - 2010
Asymmetric persistence of accounting income is often tested in a regression of changes in earnings on lagged changes in earnings, including an interaction term for negative changes (see Basu [1997] or Ball et al. [2009] for a recent overview). In this note we propose an alternative, but closely...
Persistent link: https://www.econbiz.de/10010289319
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The Conditional Value of R&D Investments
Damianova, Kremena - Institut für Schweizerisches Bankwesen <Zürich> - 2005
Companies' investments in research and development (R&D) are usually associated with better growth opportunities incorporated in the firms' market valuation. This study focuses on the question how does the firms' market value attributable to R&D investments depend on the firms' ability to employ...
Persistent link: https://www.econbiz.de/10005858881