It is a commonplace that, within commercial law, the law of personal property is particularly important, and it is also obvious that commercial law deals to a large extent with cross-border transactions and business relationships. This article gives an overview of German moveable property law,...

Defenders of strong intellectual property rights often maintain that intellectual property infringement is theft, and that the sanctions associated with it ought to be high. Others are skeptical of the property comparison and think that much lower sanctions are appropriate. We argue that a...

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...

Eigentumsrechte behandelt die Privatrechtswissenschaft in zwei verschiedenen, weitgehend voneinander abgekoppelten Diskursen. Allgemeine Zivilrechts- und Immaterialgüterrechtswissenschaft stehen kaum im Dialog. Die intensiv diskutierten, gut aufbereiteten Voraussetzungen und Grenzen für eine...

This volume was prepared by Sebastian Benz while he was working at the Ifo Institute. It was completed in December 2013 and accepted as a doctoral thesis by the Department of Economics at the University of Munich. It includes five self-contained chapters. All chapters discuss different...

We present a theoretical and empirical analysis of the fitness of national German (German Commercial Code - Handelsgesetzbuch (HGB)) and international (IAS and US-GAAP) accounting information, as well as European patent data to explain the market values of German manufacturing firms. For the...

Der Richtlinienentwurf der EU-Kommission zur europaweiten Einführung eines Folgerechts auf Kunstwerke ist dazu gedacht, die öknomische Lage junger Künstler zu verbessern. Eine einfache preistheoretische Überlegung zeigt jedoch, daß dieses Ziel verfehlt werden dürfte. Außerdem analysiert...