Corporate finance in Germany and France: a joint research project of the Deutsche Bundesbank and the Banque de France
Gespeichert in:
| Format: | Buch |
|---|---|
| Sprache: | English |
| Veröffentlicht: |
Frankfurt am Main
Deutsche Bundesbank [u.a.]
1999
|
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | VIII, 194 S. graph. Darst. |
| ISBN: | 3933747236 |
Internformat
MARC
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| 245 | 1 | 0 | |a Corporate finance in Germany and France |b a joint research project of the Deutsche Bundesbank and the Banque de France |c ed. by Annie Sauvé ... With contributions by Hans Friderichs ... |
| 264 | 1 | |a Frankfurt am Main |b Deutsche Bundesbank [u.a.] |c 1999 | |
| 300 | |a VIII, 194 S. |b graph. Darst. | ||
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| 650 | 4 | |a Corporations |x Finance |x Comparative method | |
| 650 | 4 | |a Corporations |z France |x Finance | |
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Datensatz im Suchindex
| _version_ | 1804127502485946368 |
|---|---|
| adam_text | Contents
General introduction and summary 1
by Manfred Scheuer and Annie Sauve
CHAPTER 1
The issue of corporate finance: theoretical approaches and
previous empirical results
by Bernard Paranque and Hans Friderichs
1. Introduction 10
2. Traditional approaches to the issue of corporate finance 11
2.1. The neoclassical base theory and recent developments 11
2.2. Selected empirical studies on corporate finance: 14
lessons and limits
3. The institutionalist approach: corporate finance from
the perspective of organizational theory and the theory
of conventions 19
3.1. Organization and convention 20
3.1.1. The relationship between banks and companies 24
3.1.2. The conventions of insolvency law 25
4. Bibliography 27
III
CHAPTER 2
The annual accounts databases on non financial enterprises
of the Banque de France and the Deutsche Bundesbank:
methodological aspects and comparability
by Hans Friderichs and Annie Sauve
1. Origins and special features of the databases of the
Banque de France and the Deutsche Bundesbank 34
1.1. Banque de France 34
1.1.1. The FIBEN database 34
1.1.1.1. The Turnover Rating 36
1.1.1.2. The Credit Rating 36
1.1.1.3. The Payment Rating 37
1.1.1.4. Management Rating 37
1.1.2. The CdB database 38
1.2. Deutsche Bundesbank 41
2. Construction of the samples 44
3. Differences in accounting regulations and related
adjustment procedures 50
3.1. Accounting discrepancies which have
been completely eliminated 51
3.1.1. The disclosure of debtors and creditors
according to the degree of economic
integration 51
IV
3.1.2. The format of the annual accounts
with respect to profit appropriation 52
3.1.3. The disclosure of special tax based reserves 53
3.2. Avoidable accounting discrepancies 53
3.2.1. The differentiation of other debtors
and creditors 53
3.2.2. The disclosure of financial assets 54
3.3. Insoluble accounting discrepancies 55
3.3.1. Differences in the disclosure and
valuation of provisions 55
3.3.2. Revaluation of assets 56
3.3.3. Differences in the valuation of stocks 56
3.3.4. Differences in accounting for intangibles 57
3.3.5. The treatment of leasing 57
3.3.6. Accounting for grants and subsidies 58
4. Bibliography 62
V
CHAPTER 3
Structures of corporate finance in Germany and France:
a comparative analysis for west German and French
incorporated enterprises with special reference to
institutional factors
by Hans Friderichs, Bernard Paranque and Annie Sauve
1. Introduction 64
2. Structures of corporate financing compared 65
2.1. The liabilities side 65
2.1.1. Structures and trends of own funds 67
2.1.2. Country specific patterns of indebtedness 83
2.1.3. Cross country differences in provisions 109
2.2. The assets side 115
2.2.1. Structures and trends of fixed assets 116
2.2.2. Differences in current assets 122
3. Conclusions from the descriptive analysis 128
4. Bibliography 134
VI
CHAPTER 4
Estimation of a debt function: evidence from
French and German firm panel data
by Elizabeth Kremp, Elmar Stoss and Dieter Gerdesmeier
1. Introduction 140
2. Survey: theoretical and empirical literature 141
2.1. Explanatory variables of enterprises debt 141
2.2. Econometric studies: overview 146
3. Description of the database and some descriptive statistics 152
3.1. Data and definition of the variables 152
3.2. Unbalanced versus balanced panel 154
3.3. Trimming and balanced samples 156
3.4. Descriptive statistics by size categories 159
4. Standard panel analysis: static model 164
4.1. Analysis of variance 164
4.2. Static model: from OLS to within 166
4.3. Some initial results by size class 171
4.4. First differences: some answers to simple questions with
the static model 172
VII
5. Dynamic specification of the debt function 175
5.1. Estimation procedure 175
5.2. Exogenous specification of the dynamic borrowing behaviour 176
5.3. Dynamic debt function and endogenous regressors 179
5.4. A mixed dynamic model 182
5.5. Dynamic estimation by size class 183
6. Summary and conclusions 187
7. Bibliography 191
vm.
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| id | DE-604.BV012825831 |
| illustrated | Illustrated |
| indexdate | 2024-07-09T18:34:22Z |
| institution | BVB |
| isbn | 3933747236 |
| language | English |
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| physical | VIII, 194 S. graph. Darst. |
| publishDate | 1999 |
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| spelling | Corporate finance in Germany and France a joint research project of the Deutsche Bundesbank and the Banque de France ed. by Annie Sauvé ... With contributions by Hans Friderichs ... Frankfurt am Main Deutsche Bundesbank [u.a.] 1999 VIII, 194 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Corporations Finance Comparative method Corporations France Finance Corporations Germany Finance Finanzierung (DE-588)4017182-6 gnd rswk-swf Deutschland Frankreich Frankreich (DE-588)4018145-5 gnd rswk-swf Deutschland (DE-588)4011882-4 gnd rswk-swf Deutschland (DE-588)4011882-4 g Finanzierung (DE-588)4017182-6 s Frankreich (DE-588)4018145-5 g DE-604 Sauvé, Annie Sonstige oth Friderichs, Hans Sonstige oth HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=008725898&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Corporate finance in Germany and France a joint research project of the Deutsche Bundesbank and the Banque de France Corporations Finance Comparative method Corporations France Finance Corporations Germany Finance Finanzierung (DE-588)4017182-6 gnd |
| subject_GND | (DE-588)4017182-6 (DE-588)4018145-5 (DE-588)4011882-4 |
| title | Corporate finance in Germany and France a joint research project of the Deutsche Bundesbank and the Banque de France |
| title_auth | Corporate finance in Germany and France a joint research project of the Deutsche Bundesbank and the Banque de France |
| title_exact_search | Corporate finance in Germany and France a joint research project of the Deutsche Bundesbank and the Banque de France |
| title_full | Corporate finance in Germany and France a joint research project of the Deutsche Bundesbank and the Banque de France ed. by Annie Sauvé ... With contributions by Hans Friderichs ... |
| title_fullStr | Corporate finance in Germany and France a joint research project of the Deutsche Bundesbank and the Banque de France ed. by Annie Sauvé ... With contributions by Hans Friderichs ... |
| title_full_unstemmed | Corporate finance in Germany and France a joint research project of the Deutsche Bundesbank and the Banque de France ed. by Annie Sauvé ... With contributions by Hans Friderichs ... |
| title_short | Corporate finance in Germany and France |
| title_sort | corporate finance in germany and france a joint research project of the deutsche bundesbank and the banque de france |
| title_sub | a joint research project of the Deutsche Bundesbank and the Banque de France |
| topic | Corporations Finance Comparative method Corporations France Finance Corporations Germany Finance Finanzierung (DE-588)4017182-6 gnd |
| topic_facet | Corporations Finance Comparative method Corporations France Finance Corporations Germany Finance Finanzierung Deutschland Frankreich |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=008725898&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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