Non-financial information as indicators for the value and price relevance of digitization innovations - an empirical investigation of German TecDAX firms

被引：0

作者：

Grottke, Markus ^{[1
,2
]}

Wilke, Bettina ^{[2
]}

Obermaier, Robert ^{[2
]}

机构：

[1] SRH Calw, Calw, Germany

[2] Univ Passau, Lehrstuhl Betriebswirtschaftslehre, Accounting & Controlling, Passau, Germany

来源：

BETRIEBSWIRTSCHAFTLICHE FORSCHUNG UND PRAXIS | 2017年 / 69卷 / 03期

关键词：

ACCOUNTING RESEARCH; TEXTUAL ANALYSIS; VALUATION; DISCLOSURE; MODEL; DIVIDENDS; COST;

D O I：

暂无

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

A consideration of the value contributions of innovations arising in the context of digitization to the value of the company has not yet been carried out in the literature. This paper will examine this issue in two ways, firstly in terms of the intrinsic value of the company and secondly by determining relations with the capital market value of the company. The investigation is based on relevant content elements of annual reports and on accounting data of the companies listed at the TecDAX segment in the years ranging from 2003 to 2015. A comparison of relations in the case of intrinsic valuation and market valuation allows us to critically evaluate the results.

引用

页码：312 / 337

页数：26

共 11 条

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