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Author: Fabrizio Cerbioni Publisher: ISBN: Category : Languages : en Pages : 52
Book Description
This paper examines the relationship between governance variables and voluntary intellectual capital disclosure in a sample of European biotechnology firms. We extend previous research by simultaneously considering governance mechanisms such as the proportion of independent directors, board dimension, CEO duality, and board structure in relationship to voluntary disclosure on intellectual capital. We understand voluntary disclosure as a multidimensional and complex concept and, hence, use the semantic properties of the information disclosed, and on the content of information, as proxies for the quality of disclosure.Our results suggest that governance-related variables strongly influence the quantity of information disclosed, thus confirming our hypotheses. In regard to the quality of disclosure, our results show that (1) the proportion of independent directors is positively related to the disclosure of internal structure, (2) CEO duality is negatively linked to the disclosure of forward-looking information, and (3) board structure helps to improve the annual report's overall readability. We contribute to agency theory by indicating that corporate governance mechanisms and voluntary disclosure can be used strategically to reduce agency conflicts. The results of this study might be of interest to regulators, investment analysts, and market participants.
Author: Fabrizio Cerbioni Publisher: ISBN: Category : Languages : en Pages : 52
Book Description
This paper examines the relationship between governance variables and voluntary intellectual capital disclosure in a sample of European biotechnology firms. We extend previous research by simultaneously considering governance mechanisms such as the proportion of independent directors, board dimension, CEO duality, and board structure in relationship to voluntary disclosure on intellectual capital. We understand voluntary disclosure as a multidimensional and complex concept and, hence, use the semantic properties of the information disclosed, and on the content of information, as proxies for the quality of disclosure.Our results suggest that governance-related variables strongly influence the quantity of information disclosed, thus confirming our hypotheses. In regard to the quality of disclosure, our results show that (1) the proportion of independent directors is positively related to the disclosure of internal structure, (2) CEO duality is negatively linked to the disclosure of forward-looking information, and (3) board structure helps to improve the annual report's overall readability. We contribute to agency theory by indicating that corporate governance mechanisms and voluntary disclosure can be used strategically to reduce agency conflicts. The results of this study might be of interest to regulators, investment analysts, and market participants.
Author: Pankaj M. Madhani Publisher: ISBN: Category : Languages : en Pages : 28
Book Description
In this knowledge economy, there is a gradual shift in focus from capital and labor intensive firms to knowledge intensive firms. This paper focuses on the corporate governance and disclosure practices of firms listed on Bombay Stock Exchange (BSE). The sample firms represent different sectors of Intellectual Capital (IC) intensive firms segregated according to types of IC (viz., human capital, structural capital and relational capital). These sectors are characterized by large investment in intangible or knowledge assets with relatively small proportion of tangible assets in their asset base. This research calculates IC intensity ratio for sample firms, and studies its impact on the corporate governance and disclosure practices of firms. By analysing the key characteristics of these IC intensive industries and subsequently studying the impact of the nature of industry (i.e. IC intensive firms) and types of IC on the corporate governance and disclosure practices, this research identifies and tests the empirical evidence for such relationship.
Author: Rosa Lombardi Publisher: ISBN: 9781787142893 Category : BUSINESS & ECONOMICS Languages : en Pages :
Book Description
This e-book explores corporate disclosure of intellectual capital (IC) in light of emerging changes in technology and communication. Arguably, the annual report has long outlived itself as the best source of corporate disclosure because it contains backward looking information and is only a one-way means of presenting information rather than engaging with information users. Similarly, the stand-alone IC report is now rarely used to disclose IC information. In fact, the words "reporting" and "disclosure" are often used synonymously when they have different meanings. Disclosure is: "the revelation of information that was previously secret or unknown", while reporting is a "detailed periodic account of a company's activities, financial condition, and prospects that is made available to shareholders and investors" (Dumay, 2016, p. 178). Thus, investors and stakeholders value IC disclosures, not reports. Therefore, this e-book encourages emerging innovations for voluntary IC disclosure, to open up new possibilities for presenting previously secret or unknown IC information about today's dynamic and intangible based organizations.
Author: Lino Cinquini Publisher: Springer Nature ISBN: 3030903559 Category : Business & Economics Languages : en Pages : 477
Book Description
The increasingly crucial role of companies’ non-financial disclosure (NFD) and integrated reporting (IR) has led to a lively debate among academics, practitioners, and regulators on the approaches, framework, contents, principles, and standards that should oversee these forms of reporting. Through several expert contributions, conducted both with qualitative and quantitative methodologies, this book provides an up-to-date portrait of the debate by exploring corporate NFD either in its mandated contents or voluntary information. Contributing authors provide studies that encompass the different lines of NFD, namely non-financial risk reporting, sustainability reporting, and intellectual capital reporting, as well as the integration of financial and non-financial information through IR, the assurance of the NFD and IR through auditing activities, and the role of management and CFOs in NFD and IR.
Author: Mustafa Elkasih Abdulkarim Publisher: ISBN: Category : Disclosure in accounting Languages : en Pages : 0
Book Description
The results showed that reporting IC is negatively associated with the extent of external financing, while firms with high market-to-book values also disclose less IC information. However, contrary to expectations, the acquisition variable was insignificant although as expected, the relation between human capital disclosure and foreign operations was found to be positive and significant. For proprietary costs variables, there was a significantly positive relation between entry barriers and IC disclosure, and a negative relationship between IC and the intensity of industry competition. Finally, there was a significant, positive relationship between corporate governance and the disclosure of all types of IC.
Author: Pankaj M. Madhani Publisher: ISBN: Category : Languages : en Pages : 22
Book Description
This research focuses on industry characteristics and their impact on corporate governance and disclosure practices of firms. Nature of industry characteristics divides firms into two broad categories: intellectual capital (IC) intensive firms and capital intensive firms. Accordingly, this research studies the corporate governance and disclosure practices of firms listed in Indian stock market representing different sectors from both categories. The study has taken six sectors into consideration - Power, Oil & Gas, and Metal, along with Health Care, IT and FMCG. These sectors are segregated into high capital intensity (low IC intensity) and low capital intensity (high IC intensity) sectors depending on nature of industry. This study aims to establish a relationship, if any, between IC intensity of firms and their corporate governance practices in Indian context. Research concludes that there is no difference between IC intensive firms and capital intensive firms with respect to corporate governance and disclosure practices. After thorough empirical research, the paper explains why Indian scenario is different from developed nations such as USA.
Author: Inderpal Singh Publisher: ISBN: Category : Languages : en Pages : 896
Book Description
Contrary to expectations corporate governance structure does not significantly negate the negative moderating influence of proprietary costs on the positive intellectual capital disclosure - ownership retention association. Finally, Paper 6 concentrates on exploring the potential influence of corporate governance structures on intellectual capital disclosure levels. Results indicate a positive (albeit minor) association between an lPO's corporate governance structure and intellectual capital disclosure.
Author: Fabrizio Cerbioni
Author: Fabrizio Cerbioni
Author: Mohammad Qasem A. Alshhadat
Author: Alshhadat Mohammad
Author: Pankaj M. Madhani
Author: Rosa Lombardi
Author: Lino Cinquini
Author: Mustafa Elkasih Abdulkarim
Author: Pankaj M. Madhani
Author: Inderpal Singh
Author: Lidia Garcia