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The effect of audit committee characteristics on intellectual capital disclosure
Li, Jing Mangena, Musa Pike, Richard H.
Li, Jing
Mangena, Musa
Pike, Richard H.
Publication Date
2012-06
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© 2012 Elsevier. Reproduced in accordance with the publisher's self-archiving policy. This manuscript version is made available under the CC-BY-NC-ND 4.0 (license http://creativecommons.org/licenses/by-nc-nd/4.0/)
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Yes
Open Access status
openAccess
Accepted for publication
07/10/2011
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Abstract
This paper, using data from 100 UK listed firms, investigates the relationship between audit committee characteristics and intellectual capital (IC) disclosure. We find that overall IC disclosure is positively associated with audit committee characteristics such as the size and frequency of meetings, and negatively associated with audit committee directors’ shareholding. We find no significant relationship between IC disclosure and audit committee independence and financial expertise. We also observe that the association between audit committee characteristics and IC disclosure varies with the IC components (i.e. human capital, structural capital and relational capital), suggesting that the underlying factors that drive various components of IC disclosure are different. These results have important implications for policy-makers in that they confirm that the effectiveness of audit committees in the corporate reporting processes is a function of certain characteristics.
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Accepted manuscript
Citation
Li J, Mangena M and Pike RH (2012) The Effect of Audit Committee Characteristics on Intellectual Capital Disclosure. British Accounting Review. 44(2): 98-110.
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Article