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Value relevance of voluntary intellectual capital disclosure a meta-analysis

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Main Authors: Robert, Rieg, Ute, Vanini
Format: Book
Language:English
Published: Springer 2023
Subjects:
ICD
IC
Online Access:https://link.springer.com/article/10.1007/s11846-023-00630-3
https://dlib.phenikaa-uni.edu.vn/handle/PNK/8465
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spelling oai:localhost:PNK-84652023-05-17T01:44:47Z Value relevance of voluntary intellectual capital disclosure a meta-analysis Robert, Rieg Ute, Vanini ICD IC CC By Because mandatory disclosure of intellectual capital (IC) is restricted by accounting regulations, companies invest in voluntary IC disclosure (ICD) to reduce information asymmetries and support an adequate firm valuation by investors and other stakeholders. So far numerous studies analysing the value relevance of voluntary ICD have been published revealing mixed results. Thus, it is the purpose of this paper to statistically integrate and to explain the heterogeneity of results by applying a meta-analysis with 122 effects of 40 primary studies. Our results mainly support the value relevance of voluntary ICD resulting in higher market value, lower cost of equity, and higher accounting performance. We identify weak moderating effects for legal origin, different IC categories and journal ranking. For further improving of disclosure quality, standard setters should develop disclosure standards for voluntary ICD. 2023-05-17T01:44:46Z 2023-05-17T01:44:46Z 2023 Book https://link.springer.com/article/10.1007/s11846-023-00630-3 https://dlib.phenikaa-uni.edu.vn/handle/PNK/8465 en application/pdf Springer
institution Digital Phenikaa
collection Digital Phenikaa
language English
topic ICD
IC
spellingShingle ICD
IC
Robert, Rieg
Ute, Vanini
Value relevance of voluntary intellectual capital disclosure a meta-analysis
description CC By
format Book
author Robert, Rieg
Ute, Vanini
author_facet Robert, Rieg
Ute, Vanini
author_sort Robert, Rieg
title Value relevance of voluntary intellectual capital disclosure a meta-analysis
title_short Value relevance of voluntary intellectual capital disclosure a meta-analysis
title_full Value relevance of voluntary intellectual capital disclosure a meta-analysis
title_fullStr Value relevance of voluntary intellectual capital disclosure a meta-analysis
title_full_unstemmed Value relevance of voluntary intellectual capital disclosure a meta-analysis
title_sort value relevance of voluntary intellectual capital disclosure a meta-analysis
publisher Springer
publishDate 2023
url https://link.springer.com/article/10.1007/s11846-023-00630-3
https://dlib.phenikaa-uni.edu.vn/handle/PNK/8465
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score 8.891695

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