...) and corporate governance (CG) matters in Poland and Germany – two countries with notably different experiences with non-financial reporting (NFR) and a propensity to disclose non-financial information. Design/methodology/approach Our study is based on a sample of 167 enterprises in Poland and Germany...

...Ettore Croci; Eric Nowak; Olaf Ehrhardt Purpose The purpose of this paper is to examine minority squeeze-outs and their regulation in Germany, a country where majority shareholders have extensively used this tool since its introduction in 2002. Using unique hand-collected data, the authors carry...

... a bank‐based economy (Germany) and a market‐based economy (UK) that should have direct implications on the choice between bank debt and public debt. Firms with a long‐run debt ownership target attain it through an adjustment process. The authors are not aware of any other study on debt ownership...

...Arif Khurshed; Wolfgang Bessler; Stefan Thies Purpose The objective of this study is to investigate the long‐run performance of initial public offerings (IPOs) in Germany for the period from 1977 to 1995. The paper studies why some IPO firms have substantial positive and others have substantial...

...Arif Khurshed; Marc Goergen; Luc Renneboog Purpose This paper seeks to answer the question whether control and changes in control after a firm's initial public offering (IPO) have a significant influence on firm value in two very different systems of corporate governance, i.e. Germany and the UK...

..., on the German economy, and builds a VAR model to test the hypothesis of the negative impact of real economic activity on stock returns. Findings The findings suggest that in Germany employment growth has a negative effect on stock returns and influences positively inflation. The rational lies in the fact...

... significant premia in the stock’s return, namely, liquidity risk and financial risk. The new market for high (expected) growth stock in Germany is examined for evidence of underpricing, underperformance, and liquidity improvements during the first two complete years of operation – 1998 and 1999. The initial...

.... Accounting research Market share Exchange rates Pricing Vehicles New Zealand Japan Australia Germany United Kingdom Volume 29 Number 1 2003 55 The Effect of Exchange Rate Expectations on Market Share by Jui-Chi Huang, Department of Economics, American University, 4400 Massachusetts Avenue NW...

...P.A. Belk This paper reports on some of the results obtained from three contemporaneous in‐depth studies conducted with multinational corporations in the UK, the US and Germany. It focuses on the organisation of foreign exchange risk management, in particular the goals of exchange risk management...

... investment strategies. © MCB UP Limited 2001 Accounting research Cointegration Share prices The Czech Republic Poland Hungary Germany United Kingdom Managerial Finance 24 An Investigation of the Linkages Between European Union Equity Markets and Emerging Capital Markets: the East...

...Guido Carati; Alireza Tourani Rad Differentiates market (e.g. USA) from group‐based (e.g. Germany) corporate governance systems, traces their evolution and asks whether they are converging. Puts forward a theoretical convergence model based on the belief that agency problems can best be solved...

...Ali Fatemi; Jan Pieter Krahnen Outlines the special characteristics of preferred shares in Germany, notes that ordinary shares are valued at substantially higher figures and presents a study of the pricing of both types for 58 German companies 1990‐1993. Refers to previous research to develop...

... for more. Volume 26 Number 3 2000 1 Risk Management Practices of German Firms by Ali Fatemi, DePaul University, Department of Finance, Chicago, Illinois and Martin Glaum, Justus-Liebig-Universität Giessen, Lehrstuhl für Internationales Management und Kommunikation, Licher Strasse 62, 35394 Giessen, Germany...

...Kazume Nishiyama Compares the aggregate stock returns of five countries in order to understand their behaviour, bearing in mind shocks and regime shifts. Applies a Markov‐switching model to examine discrete shifts in regime in equity markets from 1976 to 1991 in Germany, Japan, USA, United Kingdom...

...Wolfgang Bessler; John R. Norsworthy Reviews the literature on the term structure of interest rates. Suggests that low German inflation might lead to idiosyncratic interest rate behaviour in Germany. Tests German government securities’ interest rates from 1981 to 1994 for cointegration, using unit...

... to digest information than the futures market. Points out that the dominant DAX stocks are also traded electronically, so the means of trade is not the cause of the difference. Efficiency Germany Stock markets © MCB UP Limited 1998 ...