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Kapitalmarktorientierte Rechnungslegung in Deutschland zwischen Anspruch und Realität — Theorie und Empirie

Author

Listed:
  • Elmar Gerum

    (Philipps-Universität Marburg)

  • Sascha H. Mölls

    (Philipps-Universität Marburg)

  • Chunqian Shen

    (Philipps-Universität Marburg)

Abstract

Zusammenfassung Der vorliegende Beitrag greift im Zusammenhang mit der Diskussion um eine internationale Rechnungslegung in Deutschland die empirisch bedeutsame, aber bisher vernachlässigte Frage auf, in welchem Ausmaß deutsche (Groß-)Unternehmen kapitalmarktorientiert finanziert sind. E s zeigt sich, dass eine kapitalmarktorientierte Unternehmensfinanzierung angloamerikanischer Prägung für die großen Konzernobergesellschaften wie auch die eigentümergeführten U nternehmen des GE X nicht typisch ist. Vielmehr dominieren unterschiedliche kapitalmarktferne Finanzierungsmuster. Bezogen auf die Regulierung der Rechnungslegung führen die empirischen Befunde zu der E rkenntnis, dass sich einerseits Forderungen nach einer flächendeckenden Übernahme kapitalmarktorientierter Standards in Deutschland nicht begründen lassen und andererseits die gegenwärtig kodifizierten Auslösetatbestände für eine (Konzern-)Rechnungslegung nach IFRS zu undifferenziert ausgestaltet sind.

Suggested Citation

  • Elmar Gerum & Sascha H. Mölls & Chunqian Shen, 2011. "Kapitalmarktorientierte Rechnungslegung in Deutschland zwischen Anspruch und Realität — Theorie und Empirie," Schmalenbach Journal of Business Research, Springer, vol. 63(6), pages 534-577, September.
    • Handle: RePEc:spr:sjobre:v:63:y:2011:i:6:d:10.1007_bf03372852
    DOI: 10.1007/BF03372852
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    More about this item

    Keywords

    G38; M41; M48;
    All these keywords.

    JEL classification:

    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • M48 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Government Policy and Regulation

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