@inbook{50400, author = {{Faupel, Christian}}, booktitle = {{Industrielles Controlling - Planung, Steuerung und Kontrolle von Beschaffung, Produktion und Logistik}}, editor = {{Betz, Stefan}}, isbn = {{978-3-8300-7413-7}}, pages = {{277--318}}, publisher = {{Dr. Kovac}}, title = {{{Integrierte, ökologieorientierte Produktlebenszyklusrechnung}}}, year = {{2013}}, } @article{45734, author = {{Garnefeld, I. and Steinhoff, Lena}}, journal = {{Journal of Service Management}}, number = {{1}}, pages = {{64--81}}, title = {{{Primacy versus Recency Effects in Extended Service Encounters}}}, doi = {{http://dx.doi.org/10.1108/09564231311304198}}, volume = {{24}}, year = {{2013}}, } @inproceedings{45749, author = {{Steinhoff, Lena and Palmatier, R. W.}}, booktitle = {{Proceedings of the 42nd European Marketing Academy (EMAC) Conference, Istanbul}}, location = {{Istanbul}}, title = {{{The Effect of Loyalty Programs on Target and Bystander Customers: A Customer Portfolio Perspective on Loyalty Program Performance}}}, year = {{2013}}, } @techreport{45756, author = {{Steinhoff, Lena and Palmatier, R. W.}}, pages = {{13--105}}, title = {{{Understanding the Effectiveness of Loyalty Programs, Marketing Science Institute (MSI) Working Paper Series}}}, year = {{2013}}, } @article{53842, author = {{Bartlitz, David}}, journal = {{Journal on European History of Law (JEHL)}}, number = {{2}}, pages = {{53--59}}, title = {{{Der Begriff des Konsenses im römischen Kaufrecht}}}, year = {{2013}}, } @inproceedings{37109, abstract = {{This study examines the effect of audit on private firms’ cost of debt. We use a sample of 1,949 small private firms operating in the period 2006-2010 with optional financial statement audit. High quality data allows us to construct a more precise interest rate measure than existing studies employ. After controlling for obvious sources of demand for voluntary audits (ownership complexity, subsidiary status, bank relations), we find a robust central result that voluntary audits increase rather than decrease the cost of debt financing, contrary to several existing studies. This finding indicates that voluntary audits are generally treated as “adopting a label” and penalised by creditors, regardless of the perceived auditor quality as a result of the lemon problem in the audit market. Even Big-4 audits increase the cost of debt, likely as a result due to the lemon problem in the audit market, although the increase is smaller than for non-Big-4 audits. The results are sensitive to the estimation method used (OLS, Heckman’s two-step, PSM) and (sub-)sample selection. We show that disregarding the underlying assumptions of these estimation methods may lead to incorrect inferences. Additional analyses show that audited firms’ reported earnings are less informative about future operating performance than earnings of their unaudited counterparts. Our results also indicate that results are sensitive to cost of debt definition and this might have affected the results reported in the existing literature.}}, author = {{Kosi, Urska and Koren, Jerney and Valentincic, Aljosa}}, keywords = {{private firms, voluntary audit, cost of debt, self-selection bias, lemon problem}}, location = {{Paris, France}}, title = {{{Does Financial Statement Audit Reduce the Cost of Debt of Private Firms?}}}, year = {{2013}}, } @inproceedings{37115, author = {{Kosi, Urska and Florou, Annita and Pope, Peter F. }}, location = {{Valencia, Spain}}, title = {{{Does Mandatory IFRS Adoption Improve the Credit Relevance of Accounting Information?}}}, year = {{2013}}, } @article{3549, abstract = {{Private firms are likely to use the financial reporting process more for other objectives, such as tax savings, than for communicating performance. However, observing firms choosing accounting policies for tax-minimisation purposes is not straightforward due to (i) tax and non-tax costs of reporting lower income (ii) accounting policies that result in lower reported income and no tax savings but generate non-tax benefits (iii) preparers' multiple incentives and (iv) econometric issues. We observe a large sample of 20,505 private firms writing off assets in two separate regimes, one that generates tax savings and one that does not. Firms significantly decrease, but continue to use, write-offs after the adverse change in tax treatment of write-offs. The exogenous tax change should not affect other reporting incentives. This allows us to disentangle the tax-minimisation incentive from other (un-observable) incentives, including debt contracting, dividends and employee relations that contribute to the observed anomalous positive relationship between write-offs and profitability. We show that for private firms (i) obtaining tax savings is important overall (ii) non-tax costs and benefits are probably also important and (iii) earnings informativeness for future cash flows increases after the adverse tax legislation change.}}, author = {{Kosi, Urska and Valentincic, Aljosa}}, journal = {{European Accounting Review}}, number = {{1}}, pages = {{117--150}}, title = {{{Write-offs and profitability in private firms: Disentangling the impact of tax-minimisation incentives}}}, doi = {{10.1080/09638180.2012.661938}}, volume = {{22}}, year = {{2013}}, } @inproceedings{37110, author = {{Florou, Annita and Kosi, Urska}}, location = {{Berlin, Germany}}, title = {{{Does mandatory IFRS adoption facilitate debt financing? }}}, year = {{2013}}, } @article{5045, author = {{Niemann, Rainer and Sureth-Sloane, Caren}}, issn = {{0963-8180}}, journal = {{European Accounting Review}}, number = {{2}}, pages = {{367--390}}, publisher = {{Informa UK Limited}}, title = {{{Sooner or Later? – Paradoxical Investment Effects of Capital Gains Taxation under Simultaneous Investment and Abandonment Flexibility}}}, doi = {{10.1080/09638180.2012.682781}}, volume = {{22}}, year = {{2013}}, } @article{5048, author = {{Vollert, Pia and Eikel, Carolin and Sureth-Sloane, Caren}}, journal = {{Steuer und Wirtschaft}}, number = {{4}}, pages = {{367--379}}, title = {{{Advance Pricing Agreements (APAs) als Instrument zur Vermeidung von Verrechnungspreiskonflikten – eine kritische Betrachtung}}}, volume = {{90}}, year = {{2013}}, } @inproceedings{46697, author = {{Garnefeld, I. and Münkhoff, Eva and Raum, K.}}, booktitle = {{42nd EMAC Annual Conference, Istanbul}}, location = {{Istanbul}}, title = {{{Threat and normative appeals to reduce product returns in online retailing – An effective marketing practice?}}}, year = {{2013}}, } @inproceedings{46696, author = {{Münkhoff, Eva and Garnefeld, I. and Bruns, A.}}, booktitle = {{42nd EMAC Annual Conference, Istanbul}}, location = {{Istanbul}}, title = {{{How to prolong a sales promotion – Ex-post time extension versus reframing}}}, year = {{2013}}, } @book{46643, author = {{Münkhoff, Eva}}, isbn = {{9783658021214}}, publisher = {{Springer Gabler}}, title = {{{Umsatz- und Profitabilitätsauswirkungen industrieller Dienstleistungen}}}, doi = {{10.1007/978-3-658-02122-1}}, year = {{2013}}, } @article{56304, author = {{Bachmann, Ronald and Baumgarten, Daniel}}, issn = {{2193-9012}}, journal = {{IZA Journal of European Labor Studies}}, number = {{1}}, publisher = {{Springer Science and Business Media LLC}}, title = {{{How do the unemployed search for a job? – Evidence from the EU Labour Force Survey}}}, doi = {{10.1186/2193-9012-2-22}}, volume = {{2}}, year = {{2013}}, } @article{56306, author = {{Baumgarten, Daniel}}, issn = {{0022-1996}}, journal = {{Journal of International Economics}}, number = {{1}}, pages = {{201--217}}, publisher = {{Elsevier BV}}, title = {{{Exporters and the rise in wage inequality: Evidence from German linked employer–employee data}}}, doi = {{10.1016/j.jinteco.2012.10.001}}, volume = {{90}}, year = {{2013}}, } @article{56305, author = {{Baumgarten, Daniel and Geishecker, Ingo and Görg, Holger}}, issn = {{0014-2921}}, journal = {{European Economic Review}}, pages = {{132--152}}, publisher = {{Elsevier BV}}, title = {{{Offshoring, tasks, and the skill-wage pattern}}}, doi = {{10.1016/j.euroecorev.2013.03.007}}, volume = {{61}}, year = {{2013}}, } @article{2654, author = {{Kundisch, Dennis and Magenheim, Johannes and Beutner, Marc and Herrmann, Philipp and Reinhardt, W. and Zoyke, A.}}, journal = {{Informatik-Spektrum}}, number = {{4}}, pages = {{389--393}}, title = {{{Classroom Response Systems}}}, volume = {{36}}, year = {{2013}}, } @article{57400, author = {{Yang, Philip and Janssen, Simon and Pfeifer, Christian and Backes-Gellner, Uschi}}, issn = {{0044-2372}}, journal = {{Journal of Business Economics}}, number = {{2}}, pages = {{121--143}}, publisher = {{Springer Science and Business Media LLC}}, title = {{{Careers and productivity in an internal labor market}}}, doi = {{10.1007/s11573-012-0649-x}}, volume = {{83}}, year = {{2013}}, } @article{5191, abstract = {{This study examines the relevance of financial and non-financial information for the valuation of venture capital (VC) investments. Based on a hand-collected data set on venture-backed start-ups in Germany, we investigate the internal due diligence documents of over 200 investment rounds. We document that balance sheet and income statement items capture as much economic content as verifiable non-financial information (e.g. team experience or the number of patents) while controlling for several deal characteristics (e.g. industry, investment round, or yearly VC fund inflows). In addition, we show that valuations based on accounting and non-accounting information yield a level of valuation accuracy that is comparable to that of publicly traded firms. Further analyses show that the industry-specific total asset multiples outperform the popular revenue multiples but lead to significantly less accurate results than those obtained from the more comprehensive valuation models. Overall, our findings might inform researchers and standard-setters of the usefulness of accounting information for investment companies and provide additional evidence to gauge the overall valuation accuracy in VC settings.}}, author = {{Sievers, Sönke and Mokwa, Christopher F and Keienburg, Georg}}, journal = {{European Accounting Review (VHB-JOURQUAL 4 Ranking A)}}, keywords = {{value relevance, equity valuation, venture capital, human capital, start-ups}}, number = {{3}}, pages = {{467--511}}, publisher = {{Taylor \& Francis}}, title = {{{The relevance of financial versus non-financial information for the valuation of venture capital-backed firms}}}, doi = {{10.1080/09638180.2012.741051}}, volume = {{22}}, year = {{2013}}, }