Does intellectual capital disclosure affect the cost of equity capital? An empirical analysis in the integrated reporting context
Journal of Intellectual Capital, ISSN: 1758-7468, Vol: 21, Issue: 6, Page: 985-1007
2020
- 59Citations
- 296Captures
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Example: if you select the 1-year option for an article published in 2019 and a metric category shows 90%, that means that the article or review is performing better than 90% of the other articles/reviews published in that journal in 2019. If you select the 3-year option for the same article published in 2019 and the metric category shows 90%, that means that the article or review is performing better than 90% of the other articles/reviews published in that journal in 2019, 2018 and 2017.
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Example: if you select the 1-year option for an article published in 2019 and a metric category shows 90%, that means that the article or review is performing better than 90% of the other articles/reviews published in that journal in 2019. If you select the 3-year option for the same article published in 2019 and the metric category shows 90%, that means that the article or review is performing better than 90% of the other articles/reviews published in that journal in 2019, 2018 and 2017.
Citation Benchmarking is provided by Scopus and SciVal and is different from the metrics context provided by PlumX Metrics.
Article Description
Purpose: The purpose of this study is to examine the impact of intellectual capital disclosure on the cost of equity capital in the context of integrated reporting, which represents the ultimate frontier in the field of corporate disclosure. Design/methodology/approach: The authors employ content analysis to measure intellectual capital disclosure levels along with a panel analysis on a sample of 164 integrated reports. Findings: Empirical outcomes indicate that intellectual capital disclosure levels have a significantly negative association with the cost of equity capital. Originality/value: This study's major contribution lies in its originality in terms of empirical examination of the relationship between intellectual capital disclosure in integrated reports and the cost of equity capital.
Bibliographic Details
http://www.scopus.com/inward/record.url?partnerID=HzOxMe3b&scp=85084364814&origin=inward; http://dx.doi.org/10.1108/jic-12-2019-0283; https://www.emerald.com/insight/content/doi/10.1108/JIC-12-2019-0283/full/html; https://dx.doi.org/10.1108/jic-12-2019-0283; https://www.emerald.com/insight/content/doi/10.1108/jic-12-2019-0283/full/html
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