European Financial and Accounting Journal, 2024 (vol. 19), issue 2

Articles

Numbers Beyond the Pitch: A Conceptual Review Concerning the Impact of Data Analysis on Football Club Valuation

Tudor Oprisor, George-Silviu Cordos

European Financial and Accounting Journal 2024, 19(2):1-19 | DOI: 10.18267/j.efaj.286  

This article investigates how data analytics is revolutionizing how football clubs are valued. Previously, valuations were based on biased opinions and past financial results, which often resulted in errors and missed chances. Data analytics offers a more impartial method that considers elements including player worth, brand power, fan involvement, and online presence. The article delves into specific methodologies employed in data-driven valuations, highlighting their advantages over traditional methods. The article – structured as a literature review – showcases how various stakeholders benefit from this approach. Club owners gain a more...

Non-IFRS Earnings Measures in Annual Reports of European Companies

Tomáš Zahradníček

European Financial and Accounting Journal 2024, 19(2):21-43 | DOI: 10.18267/j.efaj.287  

The article examines disclosure of non-IFRS earnings measures (also called alternative performance measures). The data sample consists of 600 companies that constitute index EUROSTOXX 600 for the years 2021 and 2022. We prove that non-IFRS earnings measures hold a very prominent role in financial reporting. We provide evidence that the reporting of solely IFRS earnings measures in annual reporting is very rare, with only 3% of companies use only IFRS measures. On the contrary, a substantial number of companies (74%) include adjusted non-IFRS measures into unaudited parts of annual reports. Moreover, 25% of companies put adjusted non-IFRS measures into...