دانلود رایگان مقاله لاتین افشای سرمایه فکری از سایت الزویر
عنوان فارسی مقاله:
افشای سرمایه فکری و شکاف اطلاعاتی: شواهد از چین
عنوان انگلیسی مقاله:
Intellectual capital disclosure and the information gap: Evidence from China
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مقدمه انگلیسی مقاله:
1. Introduction
. Introduction The transition to a knowledge-based economy in recent decades has shifted the process of wealth creation (Chu, Chan, & Wu, 2011). Intellectual capital (IC), in the forms of research and development (R&D), information technology, corporate image, customer relations, business collaborations, employee competences, etc., has replaced physical and fi- nancial capital as the most important value driver for modern enterprises. As Davey, Schneider, and Davey (2009) indicate, “Intellectual capital is increasingly acknowledged as the most important asset for business performance and the foundation for market leadership and differentiation” (p. 401). Some researchers (e.g. Ghosh & Wu, 2007; Martín-de-Castro, Delgado-Verde, López-Sáez, & Navas-López, 2011) argue that IC is a key value creator for firms to achieve and maintain a competitive advantage. A prominent example for the importance of IC is the increasing gap between book value and market value of firms in the stock market, which is often referred to as ‘hidden value’ (Mouritsen, Larsen, & Bukh, 2001). Although we cannot attribute the expanding disparities entirely to IC, it is likely that IC is a major contributor to the ‘hidden value’. Corresponding to the current knowledge-based economy, increasingly companies are realizing the importance of IC for future financial success and therefore invest heavily in IC. Moreover, many companies, especially those publicly listed companies, have attempted to report their IC in corporate annual reports on a voluntary basis so as to highlight their superior quality to the market as well as attract potential investors (An, Davey, & Eggleton, 2011). IC disclosure is also considered to be an effective means for companies to reduce information asymmetry and to improve their relationship with various stakeholders (Yi & Davey, 2010). This research examines the extent and quality of IC disclosure by Chinese companies, as well as investigates if the disclosure practice of Chinese companies meets the expectation of stakeholders. A mixed methods approach, combining both qualitative and quantitative elements, was used. An IC coding index was developed as an instrument to analyze annual reports of the top 100 Chinese A-share listed companies.4 The results indicate that the current level of IC disclosure was quite high in both extent and quality, and there was no significant information gap between the expectation of Chinese stakeholders and the actual disclosure performance of Chinese firms. Our research contributes to the extant IC literature in the following ways. First, it contributes to limited research as to IC disclosure in the Chinese context.5 In particular, our research investigates if there is an information gap between the disclosure of IC information and the expectation of Chinese stakeholders. Second, our research offers some valuable insights regarding motivations for Chinese companies to disclose or not to disclose their IC-related information, which should have implications for regulators and policy makers involved in the development of IC reporting guidelines applicable to the Chinese environment
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کلمات کلیدی:
[PDF]Disclosure of Intellectual Capital in Annual Reports:An Empirical Study ... file.scirp.org/pdf/ME20110400001_43950586.pdf by ML Bhasin - 2011 - Cited by 12 - Related articles in to the “narrative” style of IC disclosures done by Indian corporations. ... Keywords:Intellectual Capital, Disclosure, Annual Reports, IT Corporations, Empirical ... Intellectual capital disclosure practices | Research | ICAS https://www.icas.com/technical.../publication-intellectual-capital-disclosure-practices Jan 1, 2010 - This report looks at Intellectual Capital Disclosure Practices and Effects on the Cost of Equity Capital, specifically in the UK. [PDF]Intellectual Capital Disclosures: the Search for a new Paradigm in ... www.ejkm.com/issue/download.html?idArticle=207 by M Joshi - 2009 - Cited by 37 - Related articles Joshi, M and Ubha, S. D. “Intellectual Capital Disclosures: the Search for a new Paradigm in Financial Reporting by the Knowledge Sector of Indian Economy” ... [PDF]Intellectual capital disclosure trends: Singapore ... - Research Online ro.uow.edu.au/cgi/viewcontent.cgi?article=1573&context=commpapers by I Abeysekera - 2008 - Cited by 103 - Related articles This article was originally published as Abeysekera, I, Intellectual capital disclosure trends: Singapore and Sri Lanka, Journal of. Intellectual Capital, 9(4), 2008, ... Searches related to Intellectual capital disclosure intellectual capital disclosure definition intellectual capital disclosure adalah intellectual capital disclosure index intellectual capital definition google scholar
