The accounting treatment of intangibles – A critical review of the literature

Zéghal, Daniel; Maaloul, Anis

doi:10.1016/j.accfor.2011.04.003

Cited by 90 publications

(80 citation statements)

References 61 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…Despite all the interest in this concept, a plethora of terminologies are used in discussing the intellectual capital in the literature (Zeghal & Maaloul, 2011). Terms generally used are "intangibles", "intangible assets", "knowledge assets", "intellectual capital", "intangible capital" "intellectual assets" "intangible resources" and "knowledge resources".…”

Section: Introductionmentioning

confidence: 99%

“…Like many researchers in financial accounting, we will consider in this study, the term "intellectual capital" as the set of elements not taken into account in accounting. In order to compensate the loss of relevance of financial information, several researchers in this field have presented the voluntary disclosure of information on intangibles as the solution (Zeghal & Maaloul, 2011).…”

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

Managers’ perceptions of intellectual capital: An empirical study in the Tunisian context

Boujelbene¹,

Affes²

2013

10.5267/j.msl

View full text Add to dashboard Cite

The purpose of this exploratory research study is to examine the extent of recognition of the concept of intellectual capital in the Tunisian context and to identify the perceptions of managers concerning the accounting treatment and disclosure of this hidden concept. A survey questionnaire was conducted among 51 Tunisian managers. The results of this survey argue that the majority of respondents perceive the elements of intellectual capital as important value drivers for their business. This study shows that managers are aware of the shortcoming of the present accounting system and they approve previous studies that propose voluntary disclosure of information relating to intellectual capital as a solution to compensate for the loss of relevance of traditional accounting information. The present study presents a significant interest in the accounting literature and provides whether it would be appropriate for the Tunisian accounting standard setter to ask companies to disclose more intellectual capital information.

show abstract

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Managers’ perceptions of intellectual capital: An empirical study in the Tunisian context

Boujelbene¹,

Affes²

2013

10.5267/j.msl

View full text Add to dashboard Cite

show abstract

“…Second, our most significant contribution to JAAR 17,4 this research is the investigation of the role of intangible narrative information in the analysts' earnings forecasts' properties. It is well known that information about intangibles is not fully and completely integrated into financial statements (AAA Financial Accounting Standards Committee, 2003;Zeghal and Maaloul, 2011). Narrative disclosures about those intangibles in annual reports may represent an important source of information that is potentially useful to financial analysts.…”

Section: Introductionmentioning

confidence: 99%

“…The current accounting treatment of intangibles may have adverse socio-economic consequences for firms, financial markets, and society in general (AAA Financial Accounting Standards Committee, 2003;Zeghal and Maaloul, 2011). From the investors' perspective, prior studies show that the non-recognition of intangibles exacerbates information asymmetry between a firm's insiders and outsiders (Aboody and Lev, 2000), resulting in a firm's mis-valuation (Lev et al, 2005), making firm shares relatively illiquid (Boone and Raman, 2001), and increasing its cost of capital (Seow et al, 2006).…”

Section: Introductionmentioning

confidence: 99%

Voluntary disclosure of intangibles and analysts’ earnings forecasts and recommendations

Maaloul

Ben‐Amar

Zéghal

2016

JAAR

Self Cite

View full text Add to dashboard Cite

If you would like to write for this, or any other Emerald publication, then please use our Emerald for Authors service information about how to choose which publication to write for and submission guidelines are available for all. Please visit www.emeraldinsight.com/authors for more information. About Emerald www.emeraldinsight.comEmerald is a global publisher linking research and practice to the benefit of society. The company manages a portfolio of more than 290 journals and over 2,350 books and book series volumes, as well as providing an extensive range of online products and additional customer resources and services.Emerald is both COUNTER 4 and TRANSFER compliant. The organization is a partner of the Committee on Publication Ethics (COPE) and also works with Portico and the LOCKSS initiative for digital archive preservation.*Related content and download information correct at time of download. Purpose -The purpose of this paper is to investigate the relationship between voluntary disclosure of intangibles and financial analysts' earnings forecasts properties. Design/methodology/approach -Disclosures about intangible assets were hand-collected through content analysis of annual reports of a sample of US non-financial firms, while analysts' earnings forecasts properties were collected from Bloomberg Professional database. The authors relied on correlation and multivariate regression analyses to test the research hypotheses. Findings -The results show that increased intangible disclosures affect analysts' earnings forecasts accuracy, dispersion, and favourable consensus recommendations. However, this effect varies according to the nature of intangible assets. Practical implications -The results may be of interest to different market participants such as corporate managers, financial analysts, and standards setting bodies that recently published guidelines on voluntary disclosure of intangibles. Originality/value -This study develops a new comprehensive index to measure the content of narrative disclosures about a large number of intangibles, such as human, structural, and relational assets. The findings contribute to the current debate on the value-relevance of narrative disclosures on intangibles to investors and financial analysts.

show abstract

“…ownership rights, goodwill), it is necessary to report or obtain more comprehensive (non-financial, forward-looking) information about it/them somewhere else. It has been shown that disclosures significantly supplement companies' financial statements or are, as stated by Zéghal and Maaloul (2011), "considered as a solution to the negative consequences of non-recognition of intangibles in financial statements." Intellectual capital disclosures are almost exclusively voluntary; they can be given separately or within some other (public) reporting (e.g.…”

Section: Introductionmentioning

confidence: 99%

The Relationship Between the Intellectual Capital Disclosure and Cost of Debt Capital – A Case of Slovenian Private Audited Organisations

Stropnik

Korošec

Tominc

2017

Naše Gospodarstvo/Our Economy

View full text Add to dashboard Cite

The existing empirical research into the association between intellectual capital disclosures by organisations and the cost of debt is scarce or is based solely on the samples of the (large) listed organisations. Since agency issues between management/owners and lenders exist also in (large) private organisations whose financing is greatly dependent on loans and whose audited annual reports can be a source of additional information for external users, we performed an empirical research to find the answer to the question whether the level of intellectual capital disclosure (as a whole and of its sub-categories) of organisations is associated with the cost of their debt capital. Our study was performed on a sample of private Slovenian organisations with audited annual reports. The results of our research did not reveal that lenders would take into account intellectual capital disclosures by Slovenian private audited organisations as the information about the potential for their future cash flows when deciding on the cost of debt issued to these organisations.

show abstract

The accounting treatment of intangibles – A critical review of the literature

Cited by 90 publications

References 61 publications

Managers’ perceptions of intellectual capital: An empirical study in the Tunisian context

Managers’ perceptions of intellectual capital: An empirical study in the Tunisian context

Voluntary disclosure of intangibles and analysts’ earnings forecasts and recommendations

The Relationship Between the Intellectual Capital Disclosure and Cost of Debt Capital – A Case of Slovenian Private Audited Organisations

Contact Info

Product

Resources

About