We analyse to what extent the accrual anomaly is related to the choice of the accounting system as well as firm … first corroborate former results indicating that the accrual anomaly is also present in Germany. However, this anomaly seems … reduce the accrual anomaly, shareholder monitoring is not. Apart from offering evidence related to the cross …

valuation in the presence of taxation. However, the known models usually assume a perfect loss offset. If this assumption is … - under specific conditions - at a later point in time. Firm values may be considerably lower under imperfect loss offset …

German firms experience an increase in timely loss recognition and a decrease in earnings smoothing after KTG. We also find … some evidence of a decrease in loss avoidance behavior. Additional analyses show that the sensitivity of capital investment …