Audit Committees in Germany — Theoretical Reasoning and Empirical EvidenceSchmalenbach Business Review - Tập 57 - Trang 229-252 - 2017
Annette G. Köhler
This paper shows that due to legal restrictions, audit committee formation in Germany is not only a matter of enhancing monitoring effectiveness, but also a means of increasing Supervisory Board efficiency. This result is linked to some empirical findings derived from a questionnaire developed especially for the survey and sent out to 100 German Supervisory Board/audit committee chairpersons in Ap...... hiện toàn bộ
Benchmark-Sensitivity of IPO Long-Run Performance: An Empirical Study for GermanySchmalenbach Business Review - Tập 52 - Trang 374-405 - 2017
Annemarie Sapusek
This paper analyzes the long-run performance of German IPOs of the years 1983–1993 compared with various benchmarks Indexes and matching firms — and for different subperiods with and without the inclusion of the underpricing effect. We briefly discuss theoretical positions, which predict a neutral aftermarket performance of equity issues or an under/overperformance. Depending on the benchmark used...... hiện toàn bộ
Evaluating the New: The Contingent Value of a Pro-Innovation BiasSchmalenbach Business Review - Tập 63 - Trang 393-415 - 2011
Oliver Baumann, Dirk Martignoni
It is a central tenet in the literature on organizational change that firms need to explore novel courses of action in order to adapt and survive. Should firms thus exhibit a “pro-innovation bias” when evaluating novel decision alternatives? Or should firms rather assess new opportunities as objectively as possible? Our analysis of a simulation model suggests that a pro-innovation bias can have ex...... hiện toàn bộ
The Degree of Determination of National Accounting Systems — An Empirical InvestigationSchmalenbach Business Review - Tập 52 - Trang 45-67 - 2017
Anne d’Arcy
Comparability represents an important quality in a national accounting system if we are to assess the intensity of capital marked information. Assuming that a high level of regulation makes it easier to compare financial reports an index is established that measures the national degree of determination of financial measurement. The findings are based on actual data on accounting regulations of 14 ...... hiện toàn bộ
Co-branding: The State of the ArtSchmalenbach Business Review - Tập 60 - Trang 359-377 - 2008
Bernd Helmig, Jan-Alexander Huber, Peter S. H. Leeflang
The use of co-branded products as a form of brand management has gained increasing attention from managers and scientists, as evidenced by the practitioner-oriented articles and empirical studies published since the mid-1990s. However, there is no description that contrasts co-branding with other branding strategies, nor is there a structured overview of the main findings of co-branding studies. W...... hiện toàn bộ
Is Best Really Better? Internalization of Orders in an Open Limit Order BookSchmalenbach Business Review - Tập 64 - Trang 82-100 - 2017
Joachim Grammig, Erik Theissen
We study the market quality of the Xetra BEST system operated by Deutsche Borse AG, an internalization system designed as part of an open limit order book, which guarantees a price improvement over the inside spread in the Xetra order book. We develop a structural model of this dual market environment and show that adverse selection costs of internalized trades are significantly lower than those o...... hiện toàn bộ