We hypothesize that firms' 10-K market risk disclosures, recently mandated by SEC Financial Reporting Release No. 48 (FRR 48), reduce investors' uncertainty and diversity of opinion about the implications, for firm value, of changes in interest rates, foreign currency exchange rates, and...

We hypothesize and find: (1) Earnings conservatism, the tendency of firms to recognize bad news in earnings on a more timely basis than good news, is substantially greater in portfolios of firms with lower price-to-book ratios than in portfolios of firms with higher price-to-book ratios;(2) The...

We hypothesize that oil and gas producers' 10-K market risk disclosures, recently mandated by SEC Financial Reporting Release Number 48 (FRR No. 48), convey useful information to investors about commodity betas (defined as the sensitivity of firms' equity price changes to commodity price...

Dieses Buch enthält die Fallstudie des mittelständischen Maschinenbau-Unternehmens Peter Pollmann Pumpen GmbH. Durch Mißmanagement ist das Unternehmen im Laufe der Zeit in eine existenzbedrohende Krise geraten. Es wird gezeigt, daß vor allem eine fehlende Koordination der Planung in den...