The signalling theory posits that the most profitable companies provide the market with more and better information in order to be fairly evaluated. Empirical evidence that relates companies’ profitability to their disclosure habits, however, reveals disaccording results. To better...

Purpose – The purpose of this paper is to evaluate business model (BM) disclosure. As the BM shows how a company creates and captures value, its communication in the Annual Report is considered a necessary background for a dynamic analysis, interpretation, and evaluation of the intellectual...

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....

European Union Directive 51/2003 requires the publication of Financial Key Performance Indicators (FKPIs) in order to standardize this practice. We aim to test whether and to what extent the directive realizes the standardization of FKPIs. Because country factors are obstacles that the...

The Basel III Accord has reportedly had an impact on SME financing. In this paper, we aim to highlight the determinants of SME credit worthiness. We use credit history in addition to financial ratios and OhybridO indicators that have been built by mixing credit history with financial statement...

Signalling theory posits that the most profitable companies provide the market with more and better information. The research, however, reveals disaccording results. Because the general disclosure level depends on many factors, our paper centres on a focal point of the signal that companies send...