HGB versus US-GAAP: Die Einstellungen deutscher Führungskräfte zur globalen Harmonisierung der Rechnungslegung

Martin Glaum
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Martin Glaum: Europa-Universität Viadrina

Schmalenbach Journal of Business Research, 1998, vol. 50, issue 4, 336-359

Abstract: Summary The starting point of the present paper are systematic differences between the answers of carporate managers and professors in an empirical study by C&L Deutsche Revision AG (1995) on accounting harmonization. In this study managers had expressed themselves in all questions more positively towards current German accounting and more negatively towards US-accounting than professors. The fundamental assumption put forward in this paper is that these differences are due to differences in the economic interests of the two groups of participants. In order to test far this empirically, hypotheses are deduced with regard to the accountingrelated interests of the executive managers. The idea behind the hypotheses is that managers’ answers to questions in the C&L Industry Study can be explained by structural features of their respective companies. The hypotheses are tested using multiple regression analysis. The results of the tests show that managers’ answers can, at least to some extent, be explained by the suggested multiple regression approach. However, the answers to a rather general and abstract question (the preferred balance between the true-and-fair-view and prudence accounting principles) can be explained much better than the anwers with regard to detailed USGAAP regulations. We must assume that the managers’ attitudes towards concrete US-GAAP which are directly related to carporate accounting practice are influenced by a multitude of firm-specific and personal factors.

Date: 1998
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DOI: 10.1007/BF03371509

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