Corporate disclosure and intellectual capital: the light side of information asymmetry

Abstract

The paper aims to undertake an in-depth analysis role and contribution of voluntary corporate disclosure and intellectual capital to improve the ‘quality’ of relationships between companies and the market.\ud Building upon the conceptual framework offered by signalling theory and legitimacy theory, a conceptual approach is used to identify possible advancements in the management of voluntary corporate disclosure and intellectual capital. To support the reflections herein, some evidence of the increasing relevance of human resources and the consequence of participation of human resources in the definition of corporate strategies is analysed in the perspective of information asymmetry. The papers highlight the need for companies: (1) to develop approaches better able to ‘feel’ the market; (2) to exploit the contribution of human resources in understanding the market; (3) to improve approaches to corporate disclosure based on the contribution of intellectual capital in order to reduce information asymmetry within the market

A multiple buyer – supplier relationship in the context of SMEs’ digital supply chain management

“…The SCM is defined as the integration of key business process from end users through original suppliers who provide products/service and information that add value for customers and other stakeholders (Lambert and Cooper 2000;Hvolby, Trienekens, and Steger-Jensen 2007). The whole process includes different activities, such as information sharing, coordination costs, inventory system among others (Fine 2000;Slack, Lewis, and Bates 2004;Chesbrough, Vanhaverbeke, and West 2006;Pagani 2013;Iansiti and Lakhani 2014;Saviano et al 2014;Caputo, Del Giudice, et al 2016,;Caputo, Formisano, et al 2016). With the spread out of the use of ICTs, external relationships are widely developed (Black, Akintoye, and Fitzgerald 2000; Igartua, Garrigós, and Hervas-Oliver 2010; Berasategi, Arana, and Castellano 2011; Saviano and Caputo 2013; Scuotto, Ferraris, and Bresciani 2016).…”

How Chinese Consumers’ Intentions for Purchasing Eco-Labeled Products Are Influenced by Psychological Factors

“…More eco-friendly consumption patterns could be built through eco-labeling schemes [15,33]. For the negative internality of environmental actions, an enterprise would not take costly environmental measures on its own [34,35]. As an important channel between manufacturers and consumers for the green information transmission, consumers could be informed about the environmental efforts of the producers through eco-labeling [14,36].…”

Komisaris Keluarga, Komisaris Wanita dan Pengungkapan Modal Intelektual: Studi Pada Peristiwa Penawaran Saham Perdana

“…Asimetri informasi yang terjadi saat penawaran saham perdana mempunyai tingkat yang lebih tinggi dibandingkan dengan asimetri informasi saat perusahaan sudah terdaftar di bursa saham (Hartono, 2006). Salah satu pengungkapan informasi tambahan yang relevan untuk mengurangi informasi asimetri antara emiten dan berbagai partisipan di pasar modal adalah pengungkapan modal intelektual (Caputo et al 2016). Pengungkapan modal intelektual yang memadai dapat mengurangi asimetri informasi pada saat penawaran saham perdana (Garanina dan Dumay, 2017).…”