There have been several studies of the diffusion of new management accounting practices. Respondents were asked to answer questions in a questionnaire covering four variables: level of knowledge, level of attitude, priority of usage and level of benefit for 15 new accounting practices. The...

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There have been several studies of the diffusion of new management accounting practices. Respondents were asked to answer questions in a questionnaire covering four variables: level of knowledge, level of attitude, priority of usage and level of benefit for 15 new accounting practices. The...

The Balanced Scorecard (BSC) has by now achieved great attention in Denmark but no large surveys exists concerning the motives for implementing the BSC in Denmark. A questionnaire survey of 53 respondents from Danish medium-sized and large manufacturing companies showed that areas such as...

This paper presents long time series of stock and bond returns for Denmark <p> from 1922 to 1999. Average stock returns are low in an international context, but <p> returns (and volatility) have increased sharply since 1983 which may be explained by <p> major changes in economic policy and...</p></p></p>

Dette papir beskriver afkast og risici ved investering i det danske aktiemarked over <p> en lang historisk periode. Det er almindeligt kendt, at aktier giver et højt gennemsnitligt afkast <p> sammenlignet med obligationer mod til gengæld at være mere risikable på kort sigt. Derimod er <p> det mere...</p></p></p>

We estimate a well-specified two-state regime-switching model for Danish stock returns. The <p> model identifies two regimes which have low return-low volatility and high return-high <p> volatility, respectively. The low return-low volatility regime dominated, except in a few, short <p> episodes, until...</p></p></p>