Drivers of innovation capital disclosure in intellectual capital statements: Evidence from Europe

Bellora, Lucia; Guenther, Thomas W.

doi:10.1016/j.bar.2013.06.002

Cited by 45 publications

(51 citation statements)

References 47 publications

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“…Over the past few years, the company concentrate its management activities on tangible and financial assets (Bellora & Guenther, 2013), but recently they began to spread attention to the issue of intangible assets such as human capital and innovation capital (Lev, 2001;OECD, 2010). In this context, the use of M-VAIC becomes quite relevant to measure the performance of IC.…”

Section: Discussionmentioning

confidence: 99%

Intellectual Capital Performance of Indonesian Banking Sector: A Modified VAIC (M-VAIC) Perspective

Ulum

Ghozali²,

Purwanto³

2014

AJFA

110

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The paper seeks to estimate and analize the Modified VAIC (M-VAIC) for measuring the value-based performance of the Indonesian banking sector for year of 2009-2012. M-VAIC is a comprehensive model to measure Intellectual Capital Performance (ICP) based on Value Added Intellectual Coefficient (VAIC™). The findings of this study indicate that the value of M-VAIC of Indonesian banking sector has a rather long range, which is between -21.41 until 5.20. Based on M-VAIC scores, performance of IC is classified into four, namely Top Performers, Good Performers, Performers Common, and Bad Performers. The results show that the ranking of three of the four state banks are on the Top Performers category. M-VAIC can be used to measure the ICP all of industries, not only banks. This is also reinforced by the results of the regression that indicate that the value added (VA) is a function of capital employed and the IC.

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Section: Discussionmentioning

confidence: 99%

Intellectual Capital Performance of Indonesian Banking Sector: A Modified VAIC (M-VAIC) Perspective

Ulum

Ghozali²,

Purwanto³

2014

AJFA

110

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“…They researched 125 publicly listed Australian firms. Unlike the abovementioned studies, Bellora and Guenther [48] carried out their research by taking into account only a part of ICD (namely innovation capital). "Innovation capital (INC) is that part of the intellectual capital of a firm that describes the ability of a firm to [48].…”

Section: Firm Sizementioning

confidence: 99%

The Role of Firm Characteristics in Voluntary Disclosure of IC Information and Its Importance for High-Tech Companies

Rep

Žager

Oliveira

2019

J. inf. organ. sci. (Online)

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The purpose of this paper is to analyse whether the extent and quality of voluntarily disclosed information regarding intellectual capital (IC) are correlated with certain characteristics of a company. IC is very important for IT companies. Therefore, financial and non-financial statements of 32 high-tech companies were investigated using the content analysis method. To test the influence of firm characteristics on the intellectual capital disclosure index (ICDI), the regression model was used. The size of the firm was the only independent variable that has had a statistically significant influence on the ICDI. The auditor type, as well as financial ratios, have not shown a statistically significant influence on the extent and quality of IC disclosures. This study reflects the state regarding the voluntary IC disclosures in Croatia and therefore the study may be a roadmap for further research and, more importantly, might promote awareness of the importance of transparent reporting.Generally, intangibles, IAs, and IC are often used interchangeably with the same general meaning. There are various definitions of IC which exist in literature. Edvinsson, Malone and Brooking, the pioneers when it comes to IC, have a similar but a bit different view on the IC components. According to Brooking, IC divides into human-centered assets, infrastructure assets, intellectual property assets, and market assets, while Edvinsson and Malone have divided IC into human capital, structural capital (organizational, process, and innovation capital), and customer capital [1]. Sullivan [2] has summarized the several definitions of IC, as defined by the pioneers into the field of knowledge creation: "Hubert Saint-Onge defines knowledge capital as the sum of human capital (the capabilities of the individuals required to provide solutions to customers); customer capital (the depth, width, attachment, and profitability of the franchise); and structural capital (the organizational capabilities of the organization to meet market requirements); Leif Edvinson of Skandia defines it as "the sum of the firm's human and structural capital."; and Tom Stewart of Fortune magazine defines IC as "the intangible assets of skill, knowledge, and information." As defined by Larry Prusak, IC is "intellectual material that has been formalized, captured, and leveraged to produce higher-valued assets [3]." Bounfour and Edvinson [4] state that "at the corporate level, intangible investments (research and development or R&D, innovation, knowledge creation and fertilization, marketing and advertising expenditures) are now unanimously considered the most important sources of performance." "The intellectual capital (IC) held by a firm can be thought of as a form of 'unaccounted capital' within the traditional accounting system… described as the knowledge-based equity that supports the knowledge-based assets of a firm [5]." According to the words of Choo and Bontis [6] "as long as the economic forces embrace new knowledge-intensive industries, the field of intellectual...

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“…Previous ICD studies consistently showed that HCD in annual reports was predominantly disclosed after relational capital disclosure (RCD) (e.g., Guthrie & Petty 2000;Brennan 2001;Bozzolan, O' Regan & Ricceri 2006;Campbell & Rahman 2010;Abhayawansa & Azim 2014). However, several other recent studies (e.g., Wagiciengo & Belal 2012;Bellora & Guenther 2013;De Silva, Stratford & Clark 2014). The results of these studies may reflect the expanding interest on reporting human capital over relational and structural capital information.…”

Section: Introductionmentioning

confidence: 99%

Relationship between Unionized Companies, Government Ownership and Reporting Human Capital Information in Corporate Annual Reports

Rahman¹,

Ahmed²,

Hassan³

2017

AJAG

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Drivers of innovation capital disclosure in intellectual capital statements: Evidence from Europe

Cited by 45 publications

References 47 publications

Intellectual Capital Performance of Indonesian Banking Sector: A Modified VAIC (M-VAIC) Perspective

Intellectual Capital Performance of Indonesian Banking Sector: A Modified VAIC (M-VAIC) Perspective

The Role of Firm Characteristics in Voluntary Disclosure of IC Information and Its Importance for High-Tech Companies

Relationship between Unionized Companies, Government Ownership and Reporting Human Capital Information in Corporate Annual Reports

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