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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...
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Numerous hedge funds stop reporting to commercial databases each year. An issue for hedgefund performance estimation is … reporting hedge funds. These findings are robust to relaxing several underlying assumptions. …
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