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We develop a model of firm learning in volatile markets with noisy signals and test its predictions using historical German data. Firms' forecasts improve with age. We exploit German Reunification as a natural experiment where firms in the East are treated with ignorance about the distribution...
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The paper aims to present the most important characteristics of the evolution of the accounting system in Slovenia … affected the accounting development. Slovenia is a code law country with underdeveloped financial markets, dominant bank … Slovenia that prepare their financial statements in conformity with IFRS is in international terms rather small, our literature …
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