August 2007

An Investigation of the Relationship Between Use of International Accounting Standards and Source of Company Finance in Germany

By: Ann Tarca, Melissa Moy and Richard D. Morris
This study examines the relationship between use of international accounting standards and companies’ source of finance. We Investigate the proposition contained in Nobes’ (1998) model which postulates ousider companies (those with a higher level of public finance) in weak equity-outsider markets (capital markets where public equity finance [...]

Financial Statment Effect of Adopting International Accounting Standars: The Case of Germany

by: Mingyi Hung and K.R. Subramanyam
This study investigates the effects of adopting International Accounting Standards (IAS) on financial statements and their value relevance for a sample of German firms during 1998 - 2002. By implementing an innovative research design we compare accounting numbers reported under German accounting rules (HGB) with those under IAS for the [...]