Theorie und Unternehmenspraxis weisen auf die hohe Relevanz des Humankapitals für den Unternehmenserfolg hin. Investitionen in die Ressource Mensch werden im Jahresabschluss allerdings mit wenigen Ausnahmen als Aufwendungen erfasst. Das Humankapital ist somit nicht als Vermögensgegenstand in...

It is well-known from US-related studies that investors systematically overreact to accrual-based accounting information. We address the question to what extent this accrual anomaly is related to different accounting standards. We provide empirical evidence that the accrual anomaly is also...

Das 'Gesetz zur Kontrolle und Transparenz im Unternehmensbereich' (KonTraG) verpflichtet insbesondere Kapitalgesellschaften zur Einrichtung eines Risikomanagementsystems, um bestandsgefährdende Risiken frühzeitig zu erkennen. Gleichzeitig wird von Kapitalgesellschaften und Konzernen verlangt,...

As environmental performance is increasingly seen to have an influence over financial performance and financial risk assessment, disclosure of environmental issues in the Annual Reports is a fundamental requirement for a company in order to satisfy the information needs of its stakeholders....

This report is aimed at the business and financial sectors, which are beginning to develop strategies on integrating the environment into their activities, following the current legal and political moves to promote the 'integration' of environmental issues into economic activities. It provides...

Most of the bankruptcy prediction models developed so far have in common that they are based on quantitative data or more precisely financial ratios. However, useful information can be lost when disregarding soft information. In this work, we develop an automated content analysis technique to...

For the Neuer Markt year 2001 is not considered as one of its best, compared to its prior performance. Investors who once piled into the Neuer Markt have now become wary of the exchange, which was launched in 1997 as Europe’s leading growth market and answer to the U.S.‘s Nasdaq Stock...