Purpose – The purpose of this paper is to contribute to the growing literature field of intellectual capital (IC) by analysing corporate IC disclosures by leading Spanish firms over a three‐year period from 2000 to 2002. Design/methodology/approach – Content analysis methodology was applied to the annual reports of 12 Spanish companies over a three‐year period. Findings – A statistically significant increase was found in the volume of IC disclosures over a three‐year period. There is a greater volume of communication in the area of external (customer/relational) capital than in either internal or employee capital. This corresponds with the results of other country‐based studies. However, IC reporting remains at a relatively limited level, and disclosures are dominated by customer relational items. Originality/value – This paper makes an original contribution to the growing body of empirical studies on IC reporting and describes the development of IC reporting in Spain.
Corporate Communications: An International Journal – Emerald Publishing
Published: May 9, 2008
Keywords: Spain; Intellectual capital; Disclosure; Content management