The Role of Accounting in the German Financial System

134 citations recorded by the source corpus.

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

Does fair value accounting for non-financial assets pass the market test? (2013, unknown): “Germany was traditionally characterized by the existence of private companies that raised capital from banks and communicated via private information channels (Leuz and Wüstemann 2004).”
Global Accounting Convergence and the Potential Adoption of IFRS by the United States: An Analysis of Economic and Policy Factors (2009, background): “For example, detailed information about line-of-business profitability can reveal proprietary information to competitors (e.g., Verrecchia, 1983; Feltham et al., 1992; Hayes and Lundholm, 1996; Leuz, 2004; Berger and Hann, 2007).”
IFRS Adoption and Accounting Quality: A Review (2007, background): “…under German GAAP, supervisory boards in Germany first determine dividends and then report profits because there is an excess tax on undistributed profits and German courts believe it is imprudent to report high profits without justification of low dividends (Ball, 2001; Leuz and Wüstemann, 2003).”
Incentives or Standards: What Determines Accounting Quality Changes around IFRS Adoption? (2015, methodology): “Germany is generally classified as a code-law country (e.g. Ball, Kothari, & Robin, 2000; La Porta, Lopez-de-Silanes, Shleifer, & Vishny, 1998; Leuz, Nanda, & Wysocki, 2003) with limited investor protection and an insider orientation (Leuz & Wüstemann, 2004).”