The role of financial statements in the prediction of innovative firms: empirical evidence from Greece

Abstract : This study was undertaken on the basis of reports from international research literature, which indicates that although investments in innovation have a higher return, compared to conventional investments, any relevant information concerning those investments is not distinctly (or clearly) reported on financial statements. The absence of information regarding such investments underlines the inadequacy of financial reporting. In fact, the apparent substitution of official financial statements for other unofficial documents, perhaps even derived from unsafe sources, indicates the negative effects this absence causes on market efficiency. The consequence could be more serious to those investors that are not in the position to seek and use alternative information sources, efficiently. The purpose of this study is to investigate the efficiency of the Electre Tri method in developing models for identifying innovative firms.
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Article dans une revue
Operational Research, 2014, 14 (3), pp.439-451. 〈10.1007/s12351-014-0161-x〉
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Soumis le : mercredi 4 mars 2015 - 13:18:01
Dernière modification le : jeudi 5 mars 2015 - 01:07:55

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Petros Kalantonis, Chrysovalantis Gaganis, Constantin Zopounidis. The role of financial statements in the prediction of innovative firms: empirical evidence from Greece. Operational Research, 2014, 14 (3), pp.439-451. 〈10.1007/s12351-014-0161-x〉. 〈hal-01122660〉

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