Clicca qui per scaricare

The value relevance of non-financial performance indicators: new cues from the European fashion industry
Titolo Rivista: FINANCIAL REPORTING 
Autori/Curatori: Francesco Dainelli, Francesco Giunta 
Anno di pubblicazione:  2011 Fascicolo: 3 Supp Lingua: Inglese 
Numero pagine:  22 P. 81-102 Dimensione file:  528 KB
DOI:  10.3280/FR2011-SU003005
Il DOI è il codice a barre della proprietà intellettuale: per saperne di più:  clicca qui   qui 


Intangible assets and related performance measures assume increasing importance in valuation processes. Value relevance studies testify to their importance through an analysis of market stock prices. We aim to examine the value relevance of non-financial indicators in European fashion companies. The indicator selected is the "change in mono-brand stores". Applying the models proposed by current literature, we have refuted the value relevance hypothesis. However, refining both the "operationalization" of the concepts and the related result analysis procedure, the value relevance is confirmed. In this way, we contribute to increasing the generalizability of this research trend and to fuel the debate concerning the standardization process of this information. In particular, following in the footsteps of the Gartner/EBRC project, supported by AICPA (Gartner-EBRC, 2010), our results can help the national and international standard setters to pinpoint the indicators that really matter for the fashion industry and standardize their communication.


Keywords: Intangibles; value relevance; financial measures; non-financial measures; fashion industry; mono-brand stores



  1. Impossibile comunicare con Crossref: The remote server returned an error: (404) Not Found.

Francesco Dainelli, Francesco Giunta, in "FINANCIAL REPORTING" 3 Supp/2011, pp. 81-102, DOI:10.3280/FR2011-SU003005

   

FrancoAngeli รจ membro della Publishers International Linking Association associazione indipendente e no profit per facilitare l'accesso degli studiosi ai contenuti digitali nelle pubblicazioni professionali e scientifiche