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Firm characteristics and intellectual capital disclosure by Australian companies

Firm characteristics and intellectual capital disclosure by Australian companies Purpose – This study seeks to examine the presence of voluntary intellectual capital disclosure (ICD) in Australian company reports and the influence of company characteristics (industry type, ownership concentration, listing age, leverage and auditor type) on ICD. Design/methodology/approach – This is an empirical quantitative study that statistically tests a theoretically motivated explanatory model of ICD. ICD data were gathered from the annual reports of 70 Australian publicly listed firms using content analysis (CA). Findings – Presence of ICD was low, with external capital being the most frequently disclosed category. Correlation and regression analysis demonstrated that companies that operate in high technology‐based or knowledge‐intensive industries, and companies with large Big Four auditing firms show more extensive ICD than those in other industries and without Big Four auditors. A company's ownership concentration, leverage level and listing age did not influence the occurrence of ICD. Research limitations/implications – Data collection is limited to one year (2006) and only from annual reports. Originality/value – This is the first Australian study to test the explanatory relationship between a large number of firm‐specific characteristics and ICD for a diverse group of industries. Rigorous manual CA is applied. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Human Resource Costing & Accounting Emerald Publishing

Firm characteristics and intellectual capital disclosure by Australian companies

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References (75)

Publisher
Emerald Publishing
Copyright
Copyright © 2011 Emerald Group Publishing Limited. All rights reserved.
ISSN
1401-338X
DOI
10.1108/14013381111157337
Publisher site
See Article on Publisher Site

Abstract

Purpose – This study seeks to examine the presence of voluntary intellectual capital disclosure (ICD) in Australian company reports and the influence of company characteristics (industry type, ownership concentration, listing age, leverage and auditor type) on ICD. Design/methodology/approach – This is an empirical quantitative study that statistically tests a theoretically motivated explanatory model of ICD. ICD data were gathered from the annual reports of 70 Australian publicly listed firms using content analysis (CA). Findings – Presence of ICD was low, with external capital being the most frequently disclosed category. Correlation and regression analysis demonstrated that companies that operate in high technology‐based or knowledge‐intensive industries, and companies with large Big Four auditing firms show more extensive ICD than those in other industries and without Big Four auditors. A company's ownership concentration, leverage level and listing age did not influence the occurrence of ICD. Research limitations/implications – Data collection is limited to one year (2006) and only from annual reports. Originality/value – This is the first Australian study to test the explanatory relationship between a large number of firm‐specific characteristics and ICD for a diverse group of industries. Rigorous manual CA is applied.

Journal

Journal of Human Resource Costing & AccountingEmerald Publishing

Published: Jun 28, 2011

Keywords: Intellectual capital; Voluntary disclosure; Australia; Content analysis

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