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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

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

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

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

Capitalizing R&D - The Incremental Information Content of Accruals vs. Cash Flows for German Firms

Thi, Tami Dinh; Schultze, Wolfgang - Universität <Augsburg> / Lehrstuhl für … - 2008

Numerous empirical studies provide evidence on the value relevance of capitalizing expenditures on intangibles such as research & development (Lev and Sougiannis 1996, Hand 2003). However, accounting standards in many countries, such as the U.S. or Germany, prohibit capitalizing these. In this...

Persistent link: https://www.econbiz.de/10005863023

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

Assessing the solvency of virtual asset service providers: Are current standards sufficient?

Saggese, Pietro; Segalla, Esther; Sigmund, Michael; … - 2023

Centralized cryptocurrency exchanges, which manage annual trading volumes on the scale of trillions of US dollars worldwide, are classified as virtual asset service providers (VASPs). They facilitate the exchange, custody, and transfer of cryptoassets organized in wallets across distributed...

Persistent link: https://www.econbiz.de/10014476145

Monetary policy and bank-type resilience in Germany from 1999 to 2022

Sepp, Tim Florian; Israel, Karl-Friedrich; Treitz, Benjamin - 2024

This paper examines the heterogeneous effects of the ECB's monetary policies on the resilience of the German banking system between 1999 to 2022. We distinguish between the main bank types in Germany: Large Banks, Regional Banks, Sparkassen, Landesbanken and Credit Unions. We proxy bank-type...

Persistent link: https://www.econbiz.de/10014515209

The Impact of Managerial Ownership, Monitoring and Accounting Standard Choice on Accrual Mispricing

Gegenfurtner, Bernhard; Ampenberger, Markus; Kaserer, … - Center for Entrepreneurial and Financial Studies <München> - 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/10005870302

The impact of managerial ownership, monitoring and accounting standard choice on accrual mispricing

Gegenfurtner, Bernhard; Ampenberger, Markus; Kaserer, … - 2009

Persistent link: https://www.econbiz.de/10010305701