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dc.contributor.authorLi, Jing*
dc.contributor.authorMangena, Musa*
dc.date.accessioned2016-10-10T13:47:05Z
dc.date.available2016-10-10T13:47:05Z
dc.date.issued2014
dc.identifier.citationLi J and Mangena M (2014) Capital Market Pressures and the Format of Intellectual Capital Disclosure in Intellectual Capital Intensive Firms. Journal of Applied Accounting Research. 15(3): 339-354.en_US
dc.identifier.urihttp://hdl.handle.net/10454/9823
dc.descriptionYesen_US
dc.description.abstractPurpose - A number of studies have examined firms’ intellectual capital (IC) disclosure practices. However, the presentation format of IC disclosure (text, numerical and graphs/pictures) is yet to be examined. In addition, there is little evidence on the impact of capital market pressures on IC disclosure. This study aims to examine the relation between presentation format of IC disclosures and three market factors (market-to-book ratio, share price volatility and multiple listing). Design/methodology/approach - Using content analysis, we examine the level of IC disclosure provided in the annual reports of 100 IC-intensive listed UK firms. A 61-IC-item research instrument is used to measure IC disclosure and regression analysis is employed to examine the relation between disclosure and the market factors, controlling for corporate governance and firm specific variables. Findings - Text is the most commonly used format for IC disclosure, whilst the use of graphs/pictures is very low. The findings of the relation between market factors and IC disclosure are mixed. Market-to-book ratio is significantly related to disclosure in text and numerical, but not to graphs/pictures. Share price volatility is only associated with graphs/pictures, whilst multiple listing is only related to text. Originality/value - Our findings suggest that the impact of capital market pressures on IC disclosure might differ with presentation format. In this context, the study makes a significant contribution to the IC disclosure literature.en_US
dc.language.isoenen_US
dc.relation.isreferencedbyhttp://dx.doi.org/10.1108/JAAR-12-2013-0117en_US
dc.rights(c) 2014 Emerald Publishing. Full-text reproduced in accordance with the publisher's self-archiving policy.en_US
dc.subjectUnited Kingdom; UK; Content analysis; Intellectual capital disclosure; Market factors; Presentation formatsen_US
dc.titleCapital Market Pressures and the Format of Intellectual Capital Disclosure in Intellectual Capital Intensive Firmsen_US
dc.status.refereedYesen_US
dc.typeArticleen_US
dc.type.versionAccepted Manuscripten_US
refterms.dateFOA2018-07-25T15:39:14Z


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