IDEAS home Printed from https://ideas.repec.org/a/spr/sjobre/v54y2002i8d10.1007_bf03372694.html
   My bibliography  Save this article

Der Einfluss eines Aktivierungswahlrechtes für Entwicklungskosten auf Beteiligungsentscheidungen

Author

Listed:
  • Dirk Simons

    (Universität Bielefeld)

Abstract

Summary By introducing § 292a HGB the German legislative allows the application of international accepted accounting standards — as well as the application of German accounting standards — in consolidated financial statements. In the paper it is analysed, whether the parallel existence of international and German accounting standards has an implication on the firm’s possibilities to acquire equity. Given the firm’s opportunity to choose between several accounting standards, the distribution of profits is influenced by the firm’s choice. With a game-theoretical approach it is analysed whether the potential shareholder’s decision on the amount of the capital contribution varies with the feasible set of standards. In detail, capital contributions to R&D-projects will be considered, when there is the opportunity either to capitalize or to expense the project cost completely.

Suggested Citation

  • Dirk Simons, 2002. "Der Einfluss eines Aktivierungswahlrechtes für Entwicklungskosten auf Beteiligungsentscheidungen," Schmalenbach Journal of Business Research, Springer, vol. 54(8), pages 743-761, December.
    • Handle: RePEc:spr:sjobre:v:54:y:2002:i:8:d:10.1007_bf03372694
    DOI: 10.1007/BF03372694
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/BF03372694
    File Function: Abstract
    Download Restriction: no
    File URL: https://libkey.io/10.1007/BF03372694?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Kurt V. Auer, 1998. "Der Einfluß des Wechsels vom Rechnungslegungsstandard auf die Risikoparameter von schweizerischen Aktien," Schmalenbach Journal of Business Research, Springer, vol. 50(2), pages 129-155, February.
    2. Mailath, George J., 1992. "Introduction: Symposium on evolutionary game theory," Journal of Economic Theory, Elsevier, vol. 57(2), pages 259-277, August.
    3. Axel Haller, 1995. "International accounting harmonization," European Accounting Review, Taylor & Francis Journals, vol. 4(2), pages 235-247.
    4. Barth, Mary E. & Clinch, Greg & Shibano, Toshi, 1999. "International accounting harmonization and global equity markets1," Journal of Accounting and Economics, Elsevier, vol. 26(1-3), pages 201-235, January.
    5. Torsten J. Gerpott & Andreas Walter, 1999. "Internationale Diversifikation, F&E-Intensität und Erfolg von großen Industrieunternehmen," Schmalenbach Journal of Business Research, Springer, vol. 51(12), pages 1100-1122, December.
    6. Leandro Canibano & Araceli Mora, 2000. "Evaluating the statistical significance of de facto accounting harmonization: a study of European global players," European Accounting Review, Taylor & Francis Journals, vol. 9(3), pages 349-369.
    7. Christopher Nobes, 1995. "International accounting harmonization," European Accounting Review, Taylor & Francis Journals, vol. 4(2), pages 249-254.
    8. Lainez, Jose A. & Callao, Susana, 2000. "The effect of accounting diversity on international financial analysis: empirical evidence," The International Journal of Accounting, Elsevier, vol. 35(1), pages 65-83, March.
    9. Christian Hoarau, 1995. "International accounting harmonization," European Accounting Review, Taylor & Francis Journals, vol. 4(2), pages 217-233.
    10. Leo van der Tas, 1995. "International accounting harmonization," European Accounting Review, Taylor & Francis Journals, vol. 4(2), pages 255-260.
    11. Alford, Andrew W. & Jones, Jonathan D., 1998. "Financial reporting and information asymmetry: an empirical analysis of the SEC's information-supplying exemption for foreign companies," Journal of Corporate Finance, Elsevier, vol. 4(4), pages 373-398, December.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. STOLOWY, Herve & HALLER, Axel & KLOCKHAUS, Volker, 1999. "Accounting for brands in IAS 38 of IASC (intangible assets) compared with French and German practices : an illustration of the difficulty of international harmonization," HEC Research Papers Series 675, HEC Paris.
    2. Jordi Perramon & Oriol Amat, 2006. "IFRS introduction and its effect on listed companies in Spain," Economics Working Papers 975, Department of Economics and Business, Universitat Pompeu Fabra.
    3. repec:idb:brikps:197 is not listed on IDEAS
    4. Axel Haller, 2002. "Financial accounting developments in the European Union: past events and future prospects," European Accounting Review, Taylor & Francis Journals, vol. 11(1), pages 153-190.
    5. Bailey, Warren & Andrew Karolyi, G. & Salva, Carolina, 2006. "The economic consequences of increased disclosure: Evidence from international cross-listings," Journal of Financial Economics, Elsevier, vol. 81(1), pages 175-213, July.
    6. d'Arcy, Anne, 2001. "Accounting classification and the international harmonisation debate -- an empirical investigation," Accounting, Organizations and Society, Elsevier, vol. 26(4-5), pages 327-349.
    7. Jeroen Suijs, 2008. "On the Value Relevance of Asymmetric Financial Reporting Policies," Journal of Accounting Research, Wiley Blackwell, vol. 46(5), pages 1297-1321, December.
    8. Seog S. Hun, 2006. "Limited Competition, Information Asymmetry, and Organizational Forms," Asia-Pacific Journal of Risk and Insurance, De Gruyter, vol. 1(2), pages 1-14, February.
    9. Ball, Richard, 2017. "Violations of monotonicity in evolutionary models with sample-based beliefs," Economics Letters, Elsevier, vol. 152(C), pages 100-104.
    10. Mauricio G. Villena & Marcelo J. Villena, 2004. "Evolutionary Game Theory and Thorstein Veblen’s Evolutionary Economics: Is EGT Veblenian?," Journal of Economic Issues, Taylor & Francis Journals, vol. 38(3), pages 585-610, September.
    11. Hela Turki & Senda Wali & Zahra Tajuddin Abdelgader Ali & Mona Hassab Elrasoul Mohammed, 2020. "IFRS and Financial Performance: Study in the French Context," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 11(2), pages 424-435, April.
    12. Yves Levant & Marc Nikitin, 2011. "Les comptabilités financière et de gestion peuvent elles être totalement intégrées ?," Post-Print hal-00650547, HAL.
    13. Ndubizu, Gordian A. & Wallace, R. S. Olusegun, 2003. "Reply to the discussion on "Contracts valuation assessment noise and cross-border listing of equities on U.S. and U.K. stock markets"," The International Journal of Accounting, Elsevier, vol. 38(4), pages 427-430.
    14. Macías, Marta & Muiño, Flora, 2011. "Examining dual accounting systems in Europe," The International Journal of Accounting, Elsevier, vol. 46(1), pages 51-78, March.
    15. Anne-Gaëlle Lefeuvre & Maurice Baslé, 1997. "Coordination of agents through Learning and Evolutionary Processes : a Game Theory Approach," Post-Print hal-02082849, HAL.
    16. repec:dau:papers:123456789/2091 is not listed on IDEAS
    17. Jones, Stewart & Finley, Aimee, 2011. "Have IFRS made a difference to intra-country financial reporting diversity?," The British Accounting Review, Elsevier, vol. 43(1), pages 22-38.
    18. Jiří Strouhal & Marie Paseková & Libuše Müllerová, 2011. "Comparative Analysis of Czech Accounting with International Regulation from SMEs Perspective," European Financial and Accounting Journal, Prague University of Economics and Business, vol. 2011(1), pages 39-59.
    19. Meshram, Vedprakash Vasantrao & Arora, Jagriti, 2021. "Accounting constructs and economic consequences of IFRS adoption in India," Journal of International Accounting, Auditing and Taxation, Elsevier, vol. 45(C).
    20. Chiu, She-Chih & Lin, Hsuan-Chu & Chien, Chin-Chen & Liang, Chia-Chen, 2022. "Does Form 20-F reconciliation elimination for IFRS filers affect the risk forecasting ability of accounting numbers?," Journal of Contemporary Accounting and Economics, Elsevier, vol. 18(3).
    21. Manfred J. Holler & Bengt-Arne Wickström, 1998. "The Scandal Matrix: The Use of Scandals in the Progress of Society," CESifo Working Paper Series 159, CESifo.
    22. Holger Daske, 2006. "Economic Benefits of Adopting IFRS or US‐GAAP – Have the Expected Cost of Equity Capital Really Decreased?," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 33(3‐4), pages 329-373, April.

    More about this item

    Keywords

    C72; G31; M41;
    All these keywords.

    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • G31 - Financial Economics - - Corporate Finance and Governance - - - Capital Budgeting; Fixed Investment and Inventory Studies
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:sjobre:v:54:y:2002:i:8:d:10.1007_bf03372694. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.