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Kapitalmarktorientierte Unternehmenspublizität und der Informationsverbund zwischen in- und externem Rechnungswesen

Author

Listed:
  • Alexis H. Kunz

    (Fachhochschule Aargau)

  • Thomas Pfeiffer

    (Universität Zürich)

Abstract

Summary Recent revisions in German accounting laws are heavily promoting the informational function of financial accounting systems. Until now possibly detrimental ramifications of such regulations for a firm’s internal governance structures have not been investigated. We develop a game-theoretical model which explicitly accounts for information transfers between a firm’s financial accounting system and its management accounting system. The subsequent analysis identifies conditions under which a firm’s internal allocation processes are either detrimentally or beneficially affected when federal laws force a firm to credibly report finer information to the capital markets.

Suggested Citation

  • Alexis H. Kunz & Thomas Pfeiffer, 2001. "Kapitalmarktorientierte Unternehmenspublizität und der Informationsverbund zwischen in- und externem Rechnungswesen," Schmalenbach Journal of Business Research, Springer, vol. 53(5), pages 500-530, August.
    • Handle: RePEc:spr:sjobre:v:53:y:2001:i:5:d:10.1007_bf03372657
    DOI: 10.1007/BF03372657
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    References listed on IDEAS

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    More about this item

    Keywords

    D23; G31; M41;
    All these keywords.

    JEL classification:

    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
    • 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

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