دانلود رایگان مقاله لاتین افشای سرمایه فکری و حاکمیت شرکتی از سایت الزویر
عنوان فارسی مقاله:
افشای سرمایه فکری و حاکمیت شرکتی: آزمون تجربی
عنوان انگلیسی مقاله:
Intellectual capital disclosures and corporate governance: An empirical examination
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مقدمه انگلیسی مقاله:
1. Introduction
In today's knowledge-based economies, intellectual capital (in addition to financial and physical capital) plays a significant role in the value creation process of organizations. It is argued that the success of many 21st century organizations lies in their ability to unlock and exploit their intellectual capital to obtain maximum “organizational advantage” (Keenan & Aggestam, 2001; Nahapiet & Ghoshal, 1998). Keenan and Aggestam (2001) were among the earliest authors to identify conceptual links between corporate governance and intellectual capital. They argued that decision makers in charge of the corporate governance of an organization have a “fiduciary responsibility” to utilize the full advantage of intellectual capital, in addition to financial and physical capital. However, empirical knowledge in relation to the conceptual link between corporate governance and intellectual capital is limited. This study aims to contribute to the field of research on intellectual capital disclosure (ICD) (see, for example, Cerbioni & Parbonetti, 2007; Hidalgo, García-Meca, & Martínez, 2011; Li, Pike, & Haniffa, 2008) by examining the relationship between various corporate governance attributes and the extent of ICD. In one of the earliest empirical studies on European biotechnology, Cerbioni and Parbonetti (2007) found that board structure, independence, and chief executive officer (CEO) duality (i.e., when the same individual is both the CEO and chairperson of the board) are related to ICD. Subsequently, in the United Kingdom, Li et al. (2008) confirmed these relationships with the exception of CEO duality. It appears that the study of Hidalgo et al. (2011) is the only empirical study that explored the relationship between corporate governance and the extent of ICD in a developing country (i.e., Mexico). They also introduced a new corporate governance attribute, that is, family ownership. Their findings suggested that family ownership does not influence the extent of ICD in Mexican companies. One possible reason for this result is that Hidalgo et al. (2011) did not test for a non-linear relationship between family ownership and the extent of ICD; however, this relationship can be established via a quadratic specification of family ownership (which was undertaken in this paper). This study was conducted in Bangladesh. Scarce empirical evidence exists in respect of the relationship between corporate governance attributes and the extent of ICD.4 Further, for the most part, previous Bangladesh studies have been descriptive in nature and used relatively small samples; for example, Ali, Khan, and Fatima (2008) found that ICD is mostly disclosed in a narrative form in annual reports and concluded that Bangladeshi companies do not have a positive approach to reporting ICD. Similarly, Khan and Khan (2010), Nurunnabi, Hossain, and Hossain (2011), and Rashid (2013) found that Bangladeshi companies provide limited ICD in annual reports, as it is not a mandatory requirement to report on this in Bangladesh. In a recent study in the pharmaceutical industry, Abhayawansa and Azim (2014) found thatIn today's knowledge-based economies, intellectual capital (in addition to financial and physical capital) plays a significant role in the value creation process of organizations. It is argued that the success of many 21st century organizations lies in their ability to unlock and exploit their intellectual capital to obtain maximum “organizational advantage” (Keenan & Aggestam, 2001; Nahapiet & Ghoshal, 1998). Keenan and Aggestam (2001) were among the earliest authors to identify conceptual links between corporate governance and intellectual capital. They argued that decision makers in charge of the corporate governance of an organization have a “fiduciary responsibility” to utilize the full advantage of intellectual capital, in addition to financial and physical capital. However, empirical knowledge in relation to the conceptual link between corporate governance and intellectual capital is limited. This study aims to contribute to the field of research on intellectual capital disclosure (ICD) (see, for example, Cerbioni & Parbonetti, 2007; Hidalgo, García-Meca, & Martínez, 2011; Li, Pike, & Haniffa, 2008) by examining the relationship between various corporate governance attributes and the extent of ICD. In one of the earliest empirical studies on European biotechnology, Cerbioni and Parbonetti (2007) found that board structure, independence, and chief executive officer (CEO) duality (i.e., when the same individual is both the CEO and chairperson of the board) are related to ICD. Subsequently, in the United Kingdom, Li et al. (2008) confirmed these relationships with the exception of CEO duality. It appears that the study of Hidalgo et al. (2011) is the only empirical study that explored the relationship between corporate governance and the extent of ICD in a developing country (i.e., Mexico). They also introduced a new corporate governance attribute, that is, family ownership. Their findings suggested that family ownership does not influence the extent of ICD in Mexican companies. One possible reason for this result is that Hidalgo et al. (2011) did not test for a non-linear relationship between family ownership and the extent of ICD; however, this relationship can be established via a quadratic specification of family ownership (which was undertaken in this paper). This study was conducted in Bangladesh. Scarce empirical evidence exists in respect of the relationship between corporate governance attributes and the extent of ICD.4 Further, for the most part, previous Bangladesh studies have been descriptive in nature and used relatively small samples; for example, Ali, Khan, and Fatima (2008) found that ICD is mostly disclosed in a narrative form in annual reports and concluded that Bangladeshi companies do not have a positive approach to reporting ICD. Similarly, Khan and Khan (2010), Nurunnabi, Hossain, and Hossain (2011), and Rashid (2013) found that Bangladeshi companies provide limited ICD in annual reports, as it is not a mandatory requirement to report on this in Bangladesh. In a recent study in the pharmaceutical industry, Abhayawansa and Azim (2014) found that companies did not adopt a consistent framework for ICD and did not properly measure and manage their ICD.
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کلمات کلیدی:
Intellectual capital disclosures and corporate governance: An ... https://www.researchgate.net/.../279194655_Intellectual_capital_disclosures_and_corpor... Official Full-Text Publication: Intellectual capital disclosures and corporate governance: An empirical examination on ResearchGate, the professional network for ... A longitudinal examination of intellectual capital disclosures and ... www.emeraldinsight.com/doi/abs/10.1108/13217341311316931 by A Ahmed Haji - 2013 - Cited by 23 - Related articles A longitudinal examination of intellectual capital disclosures and corporate governance attributes in Malaysia. Article Options and Tools ... Corporate governance and intellectual capital disclosures in CEOs ... www.emeraldinsight.com/doi/abs/10.1108/NBRI-09-2016-0032 by X Yan - 2017 Index score, word count and overall tone of CEOs' intellectual capital disclosures are calculated to represent the extent, amount and tone of these disclosures ... [PDF]Intellectual Capital Disclosure and Corporate Governance Structure ... www.ccsenet.org/journal/index.php/ijbm/article/viewFile/13449/9388 by SM Taliyang - 2011 - Cited by 35 - Related articles Dec 1, 2011 - Intellectual Capital Disclosure and Corporate Governance Structure: Evidence in Malaysia. Siti Mariana Taliyang (Corresponding author). Intellectual Capital Disclosure and Corporate Governance Structure ... www.ccsenet.org › Home › Vol 6, No 12 (2011) › Taliyang by SM Taliyang - 2011 - Cited by 35 - Related articles The objectives of this paper are to investigate the extent of the intellectual capital disclosure and the relationship between intellectual capital disclosure and ... Corporate Governance and Intellectual Capital Disclosure - jstor https://www.jstor.org/stable/41475854 by RL Hidalgo - 2011 - Cited by 63 - Related articles Corporate Governance and Intellectual Capital Disclosure. Ruth L. Hidalgo. Emma García-Meca. Isabel Martinez. ABSTRACT. The aim of this article is to ... Corporate Governance and Intellectual Capital Disclosure | SpringerLink link.springer.com/article/10.1007/s10551-010-0692-x by RL Hidalgo - 2011 - Cited by 62 - Related articles Dec 1, 2010 - Corporate Governance and Intellectual Capital Disclosure. Authors; Authors and affiliations. Ruth L. Hidalgo; Emma García-MecaEmail author ...
