Innovation enables companies to generate competitive advantages, thereby creating a foundation for economic success. A time-limited exclusivity of knowledge utilization can be ensured through patent registration. However, according to the provisions of the German Commercial Code (HGB), there is a prohibition on the accounting of self-created intangible assets, which means that a significant indicator of future value creation potential is not adequately captured in the annual financial statements, especially for technology-oriented companies. Through an empirical analysis of the value relevance of patent information, Andreas Trautwein generates theory-driven points of reference for improving the informational value of corporate disclosures within the standard-setting process. He adopts a large-scale, confirmatory research approach within the model framework.