Voluntary Intellectual Capital Disclosure and Information Asymmetry: Study of Indian Firms

IF 2.3 Q3 BUSINESS Global Business Review Pub Date : 2024-02-20 DOI:10.1177/09721509241227747
Soumya Singhal, Seema Gupta
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Abstract

This article develops a disclosure index to examine the extent and quality of intellectual capital disclosure in Indian firms. Furthermore, it assesses the gap between stakeholder expectations and industry disclosure procedures by conducting five years database analysis. To analyze the extent and quality of intellectual capital disclosure, a content analysis technique was applied to a sample of 30 non-financial firms listed on the Bombay Stock Exchange for five years, 2018–2022. A disclosure index of 42 items was constructed based on previous studies under three intellectual capital categories: Structural Capital, Relational Capital, and Human Capital. It was found that Indian companies had a low level of intellectual capital disclosure, although it increased by 28% from 2018 to 2022. Also, there was an upward movement in the disclosure of all intellectual capital components. Structural capital is disclosed by the number of organizations, whereas human capital is being disclosed the lowest. This study developed a new disclosure index consisting of 42 intellectual capital items based on extant research conferred by experts. In addition, the study considered a Sensex non-financial company for the analysis. Third, this study uses graphs to represent disclosure quality.
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自愿知识资本披露与信息不对称:印度企业研究
本文开发了一种信息披露指数,以考察印度企业知识资本信息披露的程度和质量。此外,文章还通过五年的数据库分析,评估了利益相关者的期望与行业披露程序之间的差距。为了分析知识资本披露的程度和质量,本文对孟买证券交易所上市的 30 家非金融企业(2018-2022 年,为期五年)进行了抽样调查,并采用了内容分析法。在以往研究的基础上,根据三个知识资本类别构建了包含 42 个项目的披露指数:结构资本、关系资本和人力资本。研究发现,印度公司的智力资本披露水平较低,尽管从2018年到2022年增加了28%。此外,所有知识资本组成部分的披露都呈上升趋势。结构资本按组织数量披露,而人力资本的披露程度最低。本研究根据专家们的现有研究成果,制定了由 42 个知识资本项目组成的新披露指数。此外,本研究还考虑了 Sensex 非金融公司进行分析。第三,本研究使用图表来表示信息披露质量。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
CiteScore
7.10
自引率
12.50%
发文量
107
期刊介绍: Global Business Review is designed to be a forum for the wider dissemination of current management and business practice and research drawn from around the globe but with an emphasis on Asian and Indian perspectives. An important feature is its cross-cultural and comparative approach. Multidisciplinary in nature and with a strong practical orientation, this refereed journal publishes surveys relating to and report significant developments in management practice drawn from business/commerce, the public and the private sector, and non-profit organisations. The journal also publishes articles which provide practical insights on doing business in India/Asia from local and global and macro and micro perspectives.
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