Sell‐side analysts' creation of value – key roles and relational capital

Johansson, Jeaneth

doi:10.1108/14013380710746393

Cited by 28 publications

(35 citation statements)

References 30 publications

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“…More research is needed in this direction. Research into the use of IC information by sell-side analysts has also benefited from case study methodology (e.g., Holland & Johanson, 2003;Johansson, 2007). Another method of investigating the use of IC by sell-side analysts is to analyse the IC information disclosed in their reports to investors.…”

Section: Introductionmentioning

confidence: 99%

Intellectual capital disclosure from sell‐side analyst perspective

Abhayawansa

Abeysekera

2009

Jnl of Intellectual Capital

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Purpose -Research on the use/disclosure of intellectual capital (IC) information by sell-side analysts, using content analysis of their reports, is growing. The objectives of this paper are to establish the importance of this perspective in understanding the role of IC in communicating firm value, to introduce possible theoretical frameworks to interpret the findings of such studies, and to propose methodological developments. Methodology/approach -The paper argues for the need to look at IC from the perspective of sell-side analysts, and then advocates the use of several theoretical frameworks to enrich current understanding of the role of IC as it is used/disclosed by sell-side analysts. Current methodologies used in this type of research are critiqued with a view to proposing multiple research methods. Findings -Looking at IC from the sell-side analyst perspective helps us to understand how the capital market appreciates this information. However, IC information that analysts disclose cannot be taken at its face value. Issues of signalling, analysts' incentives/ influences, political economy view, and globalisation are introduced as providing theoretical frameworks for explaining IC disclosure in sell-side analysts' reports. To obtain a richer picture of the role of IC information in analysts' decision processes, multiple research methods are proposed. Practical implications -The proposals in this paper may inform and guide future research on IC information use/disclosure by sell-side analysts with theoretical underpinnings and methodological rigour. Originality/value -This paper is the first attempt to propose possible theories for interpreting findings of studies on IC use/discsloure by sell-side analysts and suggest multiple research methodologies in this type of research. sell-side analysts, using content analysis of their reports, is growing. The objectives of this paper are to establish the importance of this perspective in understanding the role of IC in communicating firm value, to introduce possible theoretical frameworks to interpret the findings of such studies, and to propose methodological developments.Methodology/approach -The paper argues for the need to look at IC from the perspective of sell-side analysts, and then advocates the use of several theoretical frameworks to enrich current understanding of the role of IC as it is used/disclosed by sell-side analysts. Current methodologies used in this type of research are critiqued with a view to proposing multiple research methods.Findings -Looking at IC from the sell-side analyst perspective helps us to understand how the capital market appreciates this information. However, IC information that analysts disclose cannot be taken at its face value. Issues of signalling, analysts' incentives/influences, political economy view, and globalisation are introduced as providing theoretical frameworks for explaining IC disclosure in sell-side analysts' reports. To obtain a richer picture of the role of IC information in analysts' decision processe...

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Section: Introductionmentioning

confidence: 99%

Intellectual capital disclosure from sell‐side analyst perspective

Abhayawansa

Abeysekera

2009

Jnl of Intellectual Capital

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“…Numerous investigations centred on showcasing a connection Human Resource Accounting methods and organization or company performance (Afiouni, 2007;van der Zahn et al, 2007;Johansson, 2007;Martin-de-Castro et al, 2006;Youndt & Snell, 2004;Roos et al, 2004;Perez & Ordonez de Pablos, 2003). Additionally investigations were also centred on the impact of HRA knowledge on decision making (Herman & Mitchell, 2008;Flamholtz et al, 2003;Ogan, 1988;Chris Dawson, 1994;Flamholtz, 2004;Lev & Schwartz, 1971;Elias, 1972;Hendricks, 1976).…”

Section: Hra and Organizational Performancementioning

confidence: 99%

“…For an instance, researchers have linked a HRA measures with firm or organizational performance (Afiouni, 2007;van der Zahn et al, 2007;Johansson, 2007;Martin-de-Castro et al, 2006;Youndt & Snell, 2004;Roos et al, 2004;Perez & Ordonez de Pablos, 2003). Few others have focused on the valuation or measurement of HRA (Carrell, 2007;Catasus & Grojer, 2006;Burr & Girardi, 2002;Bontis et al, 1999;Boudreau & Ramstad, 1997) while some addressed the issues of regulations, standards or reporting of HRA (Cuganesan, 2007;Bozzolan et al, 2006;Catasus & Grojer, 2006;Roslender et al, 2006).…”

Section: Introductionmentioning

confidence: 99%

A Review of Human Resource Accounting and Organizational Performance

Jacob

Farouq²

2013

IJEF

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Human Resources are important assets of an organization. However, there is no legal regulation for accounting human resources in any of the organization's annual report. The main aim of this review is to study the benefits of HR practices to the firm. This review highlights the theoretical definitions for HRA and challenges faced during implementation of HRA measurement models to predict the organization's performance. The Human Resource Accounting is defined as "the process of identifying and measuring data related to human resource and communicating this information to interested parties" (American Accounting Association's Committee on Human Resource Accounting 1973). However, several challenges are faced by organizations during the execution of HRA. Since disclosures on human assets act as an evidence for wealth creation, it is resisted by several entrepreneurs. Human Resource Accounting helps to calculate the human resource capital, worth of management development, and enhances the value of management accounting.

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“…Consequently numerous investigations were centered on showcasing a connection between Human Resource Accounting methods and organization or company performance; to effectively examine the extent HRA has contributed to the profitability of firms (Afiouni, 2007;Johansson, 2007;Youndt & Snell, 2004;and Cherian & Farouq, 2013).…”

Section: Benefits Of Human Resource Accountingmentioning

confidence: 99%

Human Resources Accounting: Issues, Benefits and Challenges

Monday¹

2017

IJEFM

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Abstract:The focus of this paper is on Human Resources Accounting which has not been properly integrated into the financial statement of various organizations and being regarded as assets. The main purpose of this study is to examine the issues involved in valuing human resource /people working in organizations, which has been regarded as the most valuable assets in business organizations, the benefits of attaching values and the challenges and obstacles of implementing the Human Resource accounting disclosures of such values in the firm's statement of financial position. In the pursuit of the focus of this study the paper adopts exploratory and content analysis methods of secondary data. The paper reveals that the exponent of human resources valuation models in most cases have not dealt with the mode of recording and disclosure of the accounting information relating to human resources in the books of account or financial statements of the organization. In most cases, the human resource accounting information is given in the form of supplementary information attached to the financial statements. This is of great concern to accounting professionals and practitioners. The paper concludes that considerable research done is due to the increasing importance of human capital in the economy to develop the concepts and methods of valuing human resource that has been recognized as human resources accounting (HRA), and that there is a great need for evolving a system of accounting for human resource that is acceptable to professional accountants, mangers and other decision makers -investors, creditors and other stakeholders.

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Sell‐side analysts' creation of value – key roles and relational capital

Cited by 28 publications

References 30 publications

Intellectual capital disclosure from sell‐side analyst perspective

Intellectual capital disclosure from sell‐side analyst perspective

A Review of Human Resource Accounting and Organizational Performance

Human Resources Accounting: Issues, Benefits and Challenges

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