Fred Ramb and Markus Reitzig present a theoretical and empirical analysis of the fitness of national German (German Commercial Code Handelsgesetzbuch (HGB)) and international (IAS and US-GAAP) accounting information, as well as European patent data to explain the market values of German manufacturing firms.
The paper shows an example of how to estimate fixed effects on panel data in non-linear equation models. Underlying algorithms are programmed in Stata and Ox.
Further information can be found here:
(Ramb/Reitzig presentation)
