The value relevance of non-financial performance indicators: new cues from the European fashion industry
Journal title FINANCIAL REPORTING
Author/s Francesco Dainelli, Francesco Giunta
Publishing Year 2011 Issue 2011/Suppl. 3 Language English
Pages 22 P. 81-102 File size 528 KB
DOI 10.3280/FR2011-SU003005
DOI is like a bar code for intellectual property: to have more infomation
click here
Below, you can see the article first page
If you want to buy this article in PDF format, you can do it, following the instructions to buy download credits
FrancoAngeli is member of Publishers International Linking Association, Inc (PILA), a not-for-profit association which run the CrossRef service enabling links to and from online scholarly content.
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
- Do Corporate Governance Characteristics Affect Non-Financial Risk Disclosure in Government-owned Companies? The Italian Experience Alessandra Allini, Francesca Manes Rossi, Riccardo Macchioni, in FINANCIAL REPORTING 1/2014 pp.5
DOI: 10.3280/FR2014-001001 - Ethics and Sustainability in Accounting and Finance, Volume II Ömer Faruk Güleç, pp.109 (ISBN:978-981-15-1927-7)
- Financial Accounting Sara Trucco, pp.9 (ISBN:978-3-319-18722-8)
- The value relevance of the fair value hierarchy. Empirical evidence from the European Union Alessandro Mechelli, Vincenzo Sforza, Alessandra Stefanoni, Riccardo Cimini, in FINANCIAL REPORTING 2/2018 pp.7
DOI: 10.3280/FR2018-002002 - Financial Accounting Sara Trucco, pp.133 (ISBN:978-3-319-18722-8)
Francesco Dainelli, Francesco Giunta, The value relevance of non-financial performance indicators: new cues from the European fashion industry in "FINANCIAL REPORTING" Suppl. 3/2011, pp 81-102, DOI: 10.3280/FR2011-SU003005