Wie Coenenbergs "Jahresabschluss und Jahresabschlussanalyse" (19. Auflage: ID 33/03) dürfte auch dieser Grundlagenband zum Standardtitel avancieren. Für Anfangssemester an Universitäten/Fachhochschulen (auch Nebenfach und Bachelor-Programme), Weiterbildungskurse und angehende Bilanzbuchhalter...

This paper provides an overview of rules for taxation and dividend distributions for EU and UK listed entities in EU regulated markets. Empirical research on IFRS application typically considers IFRS as informative about future cash flows. However, taxes and distributable dividends are based on...

If target prices reflect the true values of stocks, they should direct prices towards intrinsic values. But analysts’ optimism and use of less sophisticated valuation methods have been found to impede target price informativeness. We find that target price optimism has a positive effect on the...

This paper studies the impact of tightening accounting standards on an impatient manager's long-term investment decisions under earnings based performance evaluation. We analyze how the manager's possibility to influence current earnings will affect his investment decision-making. We examine a...

The German Tax Reform Act of 2000 has had significant influence on the taxation of the income distributed by German corporations. Part of these regulations are rules on how to tax distributions from earnings retained during the period before the new regulations became effective. These rules...

This paper derives the pre-tax-hurdle rates for the reinvestment of retained earnings of German corporations. We show that, contrary to the extant literature, in a system of double-taxation as is prevalent in Germany, the retention of earnings to shareholders is not necessarily beneficial....