Comparing the value revelance of R&D reporting in Germany : standard and selection effects /
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, obteined while dynamical...
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| Format: | Book |
| Language: | English |
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Frankfurt am Main :
Deutsche Bundesbank,
2005
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| Series: | Discussion paper (Deutsche Bundesbank) Series 1: Economic studies
no. 36/2005 |
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| Online Access: | http://www.bundesbank.de/Redaktion/EN/Downloads/Publications/Discussion_Paper_1/2005/2005_09_27_dkp_36.pdf?__blob=publicationFile |