A study on intangible assets disclosure: An evidence from Indian companies

Chander, S.; Mehra, Vishakha

doi:10.3926/ic.2011.v7n1.p1-30

Cited by 13 publications

(13 citation statements)

References 17 publications

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“…Our results agree in part with those of Chander and Mehra (2011). For a sample of companies in India they find a low level of disclosure of intangible assets but improving from 2003-4 to 2007-8, the most disclosed items being those mandatory and those showing greater competitive advantage.…”

Section: Discussion Of the Resultssupporting

confidence: 88%

“…Today, increasing weight is given to providing information on human capital (HC), also within the context of Corporate Social Responsibility (CSR). Yet companies do not offer their interest groups detailed information on human resources, because they do not give proper credit to the value of such disclosure (Chander & Mehra, 2011;Gamerschlag, 2013).…”

Section: Human Capital Information In Management Reportsmentioning

confidence: 99%

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Human capital information in management reports: An analysis of compliance with the characteristic of the relevance of disclosure

Saitua

Gallastegi

Andicoechea

2015

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Purpose: The aim of this paper is to assess the compliance with the characteristic of the relevance of disclosure in Management Reports, particularly dealing with Human Capital (HC) information.Design/methodology/approach: We codify all instances where narratives of IBEX-35 stock index companies over a five year period in Spain comply with the recommendations for a "high quality" Management Commentary (MC) in terms of the relevance characteristic of the information disclosed (IASB, 2005). Findings:The analysis results show that a greater quantity of information about HC in terms of the number of pages devoted is not always indicative of higher quality in terms of relevance if we look for the application of IASB recommendations. Research limitations/implications:Further research could assess compliance with other qualitative characteristics required by other standards or guidance that were internationally accepted. Practical implications: Among the areas that require improvement in HC disclosureswe highlight forward-looking information. Social implications:We propose that an internationally accepted agreement must be struck to unite all the efforts that are being made to improve narrative information in the MC section, and specifically with reference to HC.-223-Intangible Capital -http://dx.doi.org/10.3926/ic.536 Originality/value: This work compiles the HC disclosures identified as best practices that may serve as a reference to other companies.

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Section: Discussion Of the Resultssupporting

confidence: 88%

Section: Human Capital Information In Management Reportsmentioning

confidence: 99%

Human capital information in management reports: An analysis of compliance with the characteristic of the relevance of disclosure

Saitua

Gallastegi

Andicoechea

2015

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“…We highlighted that only 44 firms mentioned R&D expenses in their footnotes and/or declared investing in R&D in the period, pointing out the importance of better disclosure practices. Chander and Mehra (2011) affirm that intangible assets became a key part of the process of value creation for any firm, requiring external communication to the stakeholders. In addition, Silva, Klotzle, Pinto, and Motta (2018) found evidence that firms which provide more information to the market about their innovation projects tend to mitigate their potential undervaluation in, approximately, 40%.…”

Section: Introductionmentioning

confidence: 99%

THE RELATIONSHIP BETWEEN R&D EXPENSES AND THE ABNORMAL RETURN IN BRAZILIAN FIRMS

Oliveira¹,

Magnani

Tortoli

et al. 2019

RAM, Rev. Adm. Mackenzie

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Purpose: This study aims to analyze the relationship between the abnormal return and R&D expenses in Brazilian public firms. Originality/value: The determinants of firms' abnormal return provide information relevant to investors' decision-making. In this context, we verified whether the innovation, measured by R&D expenses, could be a key factor for the abnormal returns in Brazilian firms. Design/methodology/approach: We analyzed Brazilian public firms, from 2009 to 2016, by panel data regressions, in a sample composed by 1,597 firm-year observations. We collected information about R&D expenses in the footnotes. When a firm only mentioned about R&D expenses but did not disclose spent value in the Income Statement, we consider that the firm did not invest in the period and we attribute zero as a value. We highlighted that few firms mentioned R&D expenses in their footnotes and/or declared that they invested in R&D, only 44 firms in all sample, pointing the importance of better disclosure practices of these investments. Findings: The results demonstrate a negative and statistically significant relationship between innovation and the abnormal return. That is, current R&D expenses lead to a lower current abnormal return. It could be linked with the fact that R&D expenses tend to produce returns just in longer periods, demanding more time to recover these investments, due to their complex characteristics related to accounting measurement of R&D expenses. Consequently, an abnormal return could be perceived only in subsequent periods.

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“…Following on from the useful information index, we find the indexes corresponding to the three classic categories of the study of intellectual capital: human, relational, and structural capital that in our study occupy second, third and last place respectively. The importance of external intangible assets, the relational block, is also relevant and occupies first place in the Chander and Mehra (2011) study. According to Ferreira et al (2017), the relevance of human capital is confirmed in f annual reports, because corporate websites confirm the prevalence of relational capital.…”

Section: Discussionmentioning

confidence: 99%

The intangible index in bank management

Rodríguez

Polo

2019

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Purpose: Our research objective is to perform a descriptive analysis of the information on intangible assets disclosed by Spanish banks indexed on the IBEX 35 as a step prior to the creation of which allows us to eventually create a specific disclosure index for this type of content during 2010-2012, the most critical years of the crisis in Spain. Design/methodology:In a first section of the methodology, it has been carried out a content analysis using five categories that cover all the terms that were considered the most relevant in the literature on intangible assets: concepts of intellectual capital, human capital, structural capital, relational capital and usefulness of information. This information has been the basis for the design of an index by categories and global as a second part of the methodological design. Findings:Our results found that the disclosure level of Spanish financial entities in terms of intangibles is reduced with an aggregate index of intangible assets of 0.2698 (between 0 and 1). Although, within the categories proposed it can be highlighted the priority role of the usefulness information index followed by the relational and human capital indexes. Research limitations/implications:The study focuses on 2010 to 2012, which conditions and justifies the results obtained for a period of crisis such as the one analyzed. Practical implications:Our results confirm that the financial entities have not bet for the use of the disclosure of information on intangibles during the crisis despite their potential value in order to guarantee a competitive business performance. Social implications:Managers of financial institutions may have a comparative vision of the disclosure of intangibles and adopt future disclosure policies that consider the value of this information.Originality/value: As the main contribution, this paper incorporates the results of a specific index on intangibles (both globally and specifically for 5 categories) for financial institutions. Our resultsopen future lines of research that analyze why not use this information for competitive purposes and, specifically, to gain confidence in a context as difficult as that experienced in the years of crisis studied.

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A study on intangible assets disclosure: An evidence from Indian companies

Cited by 13 publications

References 17 publications

Human capital information in management reports: An analysis of compliance with the characteristic of the relevance of disclosure

Human capital information in management reports: An analysis of compliance with the characteristic of the relevance of disclosure

THE RELATIONSHIP BETWEEN R&D EXPENSES AND THE ABNORMAL RETURN IN BRAZILIAN FIRMS

The intangible index in bank management

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