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The Relevance of Intangibles Disclosure for Market Risk : An Exploratory Study of US Healthcare and Pharmaceutical Industry
Mukherjee, Shibashish - 2016
The healthcare and pharmaceutical industry in the United States has its primary resources tied up in the form of intangibles. Therefore, the main risk factors of such firms are directly associated with the management of such idiosyncratic resources. Reporting on intangibles has always been...
Persistent link: https://www.econbiz.de/10012994190
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Evidence on the Winner-Takes-All Business Model : The Profitability Returns-to-Scale of Expenditures on Intangibles Made by U.S. Internet Firms, 1995-2001
Hand, John R. M. - 2014
The winner-takes-all business model followed by many U.S. Internet firms predicts that spending on intangibles will exhibit increasing profitability returns-to-scale. That is, larger expenditures should be more profitable per dollar of investment than small expenditures because larger...
Persistent link: https://www.econbiz.de/10014122787
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The impact of different determination of intangible fixed assets in accordance with CAS and IPSAS on financial statements
Dvořák, Martin; Poutník, Lukáš - In: European financial and accounting journal : EFAJ 12 (2017) 3, pp. 103-116
The paper deals with the determination of intangible assets of Czech public sector. On 15 January 2013, the International Public Sector Accounting Standards Board issued new standard IPSAS 31 - Intangible assets. This standard represents a very sophisticated construction of accounting axioms...
Persistent link: https://www.econbiz.de/10011818219
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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
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New economy accounting : why are broad-based stock option plans so attractive?
Hess, Dieter E.; Lüders, Erik - 2000
Several studies indicate that stock option plans are becoming more and more a substantial part of compensation schemes in U.S. companies. This paper shows the tax implications and accounting rules for stock option plans. By comparison of the tax and accounting rules for different compensation...
Persistent link: https://www.econbiz.de/10010297702
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Did fair-value accounting contribute to the financial crisis?
Laux, Christian; Leuz, Christian - 2009
The recent financial crisis has led to a major debate about fair-value accounting. Many critics have argued that fair-value accounting, often also called mark-to-market accounting, has significantly contributed to the financial crisis or, at least, exacerbated its severity. In this paper, we...
Persistent link: https://www.econbiz.de/10010303680
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The Degradation of Distorted Performance Measures
Sloof, Randolph; van Praag, Mirjam - 2008
Baker (2002) has demonstrated theoretically that the quality of performance measures used in compensation contracts hinges on two characteristics: noise and distortion. These criteria, though, will only be useful in practice as long as the noise and distortion of a performance measure can be...
Persistent link: https://www.econbiz.de/10010325988
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Are stewardship and valuation usefulness compatible or alternative objectives of financial accounting?
Gassen, Joachim - 2008
of financial accounting, because the Boards view stewardship and valuation usefulness as compatible sub … whether firms with more asymmetric timely earnings produce more valuation-useful financial accounting information. Second, I … test whether firms with more influential non-equity stakeholders provide more valuation-useful financial accounting …
Persistent link: https://www.econbiz.de/10010263727
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A note on the time series measure of conservatism
Brauer, Sebastian; Westermann, Frank - 2010
Asymmetric persistence of accounting income is often tested in a regression of changes in earnings on lagged changes in earnings, including an interaction term for negative changes (see Basu [1997] or Ball et al. [2009] for a recent overview). In this note we propose an alternative, but closely...
Persistent link: https://www.econbiz.de/10010266098
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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