IDEAS home Printed from https://ideas.repec.org/p/hal/journl/hal-01122660.html
   My bibliography  Save this paper

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

Author

Listed:
  • Petros Kalantonis
  • Chrysovalantis Gaganis
  • Constantin Zopounidis

    (Audencia Recherche - Audencia Business School)

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.

Suggested Citation

  • Petros Kalantonis & Chrysovalantis Gaganis & Constantin Zopounidis, 2014. "The role of financial statements in the prediction of innovative firms: empirical evidence from Greece," Post-Print hal-01122660, HAL.
    • Handle: RePEc:hal:journl:hal-01122660
    DOI: 10.1007/s12351-014-0161-x
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Apostolos G. Christopoulos & Ioannis G. Dokas & Sofia Katsimardou & Konstantinos Vlachogiannatos, 2016. "Investigation of the relative efficiency for the Greek listed firms of the construction sector based on two DEA approaches for the period 2006–2012," Operational Research, Springer, vol. 16(3), pages 423-444, October.
    2. Sagi Akron & Roy Gelbard, 2020. "Software code flexibility profitability in light of technology life cycle," Operational Research, Springer, vol. 20(2), pages 723-746, June.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hal:journl:hal-01122660. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.