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Comparing the value revelance of R&D reporting in Germany: standard and selection effects

Ramb, Fred; Reitzig, Markus - 2005

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

Optimal central bank design: benchmarks for the ECB

Berger, Helge - 2005

The paper discusses key elements of optimal central bank design and applies its findings to the Eurosystem. A particular focus is on the size of monetary policy committees, the degree of centralization, and the representation of relative economic size in the voting rights of regional (or...

Persistent link: https://www.econbiz.de/10010299091

Purdah: on the rationale for central bank silence around policy meetings

Ehrmann, Michael; Fratzscher, Marcel - 2008

Despite substantial differences in monetary policy and communication strategies, many central banks share the practice of purdah, a self-imposed guideline of abstaining from communication around policy meetings or other important events. This practice is remarkable, as it seems to contradict the...

Persistent link: https://www.econbiz.de/10011604914

Universal banks and corporate control: evidence from the global syndicated loan market

Ferreira, Miguel A.; Matos, Pedro - 2009

Banks play a role in the corporate governance of firms as well as acting as debt financiers around the world. Universal banks can have control over borrowing firms by representation on the board of directors or by holding shares through direct stakes or institutional holdings. We investigate the...

Persistent link: https://www.econbiz.de/10011605112

Corporate philanthropic practices

Brown, William O.; Helland, Eric; Smith, Janet Kiholm - 2006

We study corporate philanthropy using an original database that includes firm-level data on dollar giving, giving priorities, governance, and managerial involvement in giving programs. Results provide some support for the theory that giving enhances shareholder value, as firms in the same...

Persistent link: https://www.econbiz.de/10010266426

Regulation and the evolution of corporate boards: monitoring, advising or window dressing?

Helland, Eric; Sykuta, Michael - 2002

It is generally agreed that boards are endogenously determined institutions that serve both an oversight and advisory role in a firm. While oversight role of boards has been extensively studied relatively few studies have examined the advisory role of corporate boards. In this study we examine...

Persistent link: https://www.econbiz.de/10010271997

Globalization of Corporate Covernance: The American Influence on Dismissal Performance Sensitivity of European CEOs

Jungeilges, Jochen A.; Oxelheim, Lars; Randoy, Trond - 2010

This study examines how globalization of corporate governance practices influence the risk of European CEOs being dismissed. We argue that the harsh monitoring of the American corporate governance system spills over to the rest of the world as a result of this globalization. We focus on direct...

Persistent link: https://www.econbiz.de/10010320346

Optimal central bank design : benchmarks for the ECB

Berger, Helge - 2006

Persistent link: https://www.econbiz.de/10010261434

Leasing by small enterprises

Neuberger, Doris; Räthke-Döppner, Solvig - 2012

Using internal data of a leasing company in Germany, we examine the determinants of the probability and use of leasing … by small firms. We find that small and young firms are likely to be constrained on the leasing market but use leasing to …-economic characteristics of the entrepreneur matter. Older and higher qualified entrepreneurs have easier access to leasing than those who are …

Persistent link: https://www.econbiz.de/10010319296

The Ifo Investment Database

Strobel, Thomas; Sauer, Stefan; Wohlrabe, Klaus - 2013

-vestment assets. It additionally collects leasing data from the Ifo Investment Survey Leasing, which enables the conversion of the …

Persistent link: https://www.econbiz.de/10010292503

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