 The role of financial statements in the prediction of innovative firms: empirical evidence from GreecePetros Kalantonis,
Chrysovalantis Gaganis () and
Constantin Zopounidis ()
Post-Print from HAL 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. Keywords: Innovative firms; Financial statements; Accounting information; Multi-criteria decision making (search for similar items in EconPapers) Published in Operational Research, 2014, 14 (3), pp.439-451. ⟨10.1007/s12351-014-0161-x⟩ There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-01122660 DOI: 10.1007/s12351-014-0161-x Access Statistics for this paper More papers in Post-Print from HAL |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.