Journal Press India®

Structural and Relational Intellectual Capital Assets Disclosure in Nigeria: An Empirical Evaluation

Vol 3, Issue 1, January - June 2016 | Pages: 23-46 | Research Paper  

 
Article has been added to the cart.View Cart (0)
https://doi.org/10.17492/mudra.v3i1.6811


Author Details ( * ) denotes Corresponding author

1. * Peter Okoeguale Ibadin, Department of Accounting, Faculty of Management Sciences, University of Benin, Benin , Edo , Nigeria (okoeguale.ibadin@uniben.edu)
2. Killian Osikhena Ogiedu, Department of Accounting, Faculty of Management Sciences, University of Benin, Benin , Edo , Nigeria (koogiedu@yahoo.com)

The study investigates the determinants of structural and relational intellectual capital assets disclosure by quoted companies in Nigeria. Specifically, it examines the relationship between the level of disclosure (structural and relational) and specific characteristics, such as company size and age, leverage, audit firm size, ownership concentration, type of industry, foreign activity of company, and so on. The study employs content analysis to examine the annual reports of the sampled companies. Two models with Disclosure of structural intellectual capital assets and Disclosures of relational intellectual capital assets as dependent variables respectively were used. A panel of 157 companies in 33 industry sectors was analysed for the period 2006 to 2010. The study found that leverage was positively and significantly related to disclosure of structural intellectual capital assets but was insignificantly related to disclosures of relational intellectual capital assets. Foreign activities of company and size of auditing firm were positively related to disclosures of relational intellectual capital assets. Size of audit firm was positively related to disclosure of structural intellectual capital assets.  Age of company was found to be positively related to disclosure of structural intellectual capital assets and disclosures of relational intellectual capital assets.

Keywords

Corporate attributes, Value chain scoreboard, Structural and Relational intellectual capital assets, Nigeria

  1. American Institute of Certified Public Accountants (AICPA). (1994). Improving  Business Reporting: A Customer Focus. NY: AICPA-The Jenkins Report.
  2. Arrighetti, A., Landini, F., & Lasagni, A. (2011). The determinants of intangible assets in manufacturing firms: Evidence from Italy. Paper presentation to IFKAD 6th edition - Knowledge-based foundations of the service             economy, Tampere, University of Technology, Tampere (Finland).
  3. Blaug, R., & Lekhi, R. (2009). Accounting for Intangibles, Financial Reporting and Value Creation in the Knowledge Economy. A research report for the work foundation knowledge economy programme.
  4. Bontis, N. (1998). Intellectual capital: An exploratory study that develops measures and models. Management Decision, 36(2): 63-76.
  5. Bontis, N. (2003). Intellectual capital disclosure in canadian corporations. Journal of Human Resource Costing and Accounting, 7(1/2): 9-20.
  6. Bontis, N., Keow, W., & Richardson, S. (2000). Intellectual capital and business performance          in Malaysian industries. Journal of Intellectual Capital, 1(1): 85-100.
  7. Brennan, N., & Connell, B. (2000).Intellectual capital: Current issues and policy implication. Journal of Intellectual Capital, 1(3): 206-240.
  8. Cooke, T. (1989). Disclosure in the corporate annual reports of Swedish companies. Accounting & Business Research, 19(74): 113-124.
  9. Companies and Allied Matters Act (CAMA) (2004).  Abuja: Government Printers.
  10. Depoers, F. (2000). A cost-benefit study of voluntary disclosure: Some empirical evidence from      French listed companies. The European Accounting Review, 9(2): 245-63.
  11. Edvinsson, L. (1997). Developing intellectual capital at Skandia. Long Range Planning, 30(3): 366-373.
  12. Edvinsson, L., & Malone, M.S. (1997). Intellectual Capital: Realizing your Company’s True Value by Finding its Hidden Manpower. New York: Harper Business.
  13. Fama, E., & Jensen, M. (1983).Separation of ownership and control. Journal of        Law & Economics, 26(2): 301-325.
  14. Goldfinger, C. (1997). Understanding and measuring the intangible economy: current status and suggestions for future research. Being GRET seminar, Helsinki.
  15. Gu, F., & Lev, B. (2001). Markets in intangibles: Patent licensing. New York University working paper.
  16. Gujarati, D. (2004), Basic Econometrics (4th ed), England, McGraw-Hill.
  17. Ibadin, O.P. (2013). Determinants of voluntary disclosure of intangible asset of intellectual capital in quoted companies in Nigeria. PhD (Accounting) dissertation successfully defended and presented to the Post          Graduate School of the University of Benin, Edo State, Nigeria.
  18. Ibadin, O.P. , & Oladipupo A.O.(2015).Determinants of intangible assets disclosure in quoted          companies in Nigeria, Asian Journal of Accounting and Governance,6.
  19. International Accounting Standards Board (IASB) (2000). Statements of the Board of the International Accounting Standards Committee. International Accounting Standards Board. Retrieved from http://www.iasc.org
  20. International Accounting Standard (IAS 38).Intangible assets. London: IASB.  Retrieved from http://www.iasc.org
  21. Kang, H. H., & Gray, S. (2006). Reporting intangible assets: Voluntary disclosure practices of top emerging market companies. Retrieved from http://www. Business.illinois.ed/accountancy/research/.../kang_Gray
  22. Lev, B. (2001). Intangibles management measurement and reporting. Washington D.C: Brookings Institution Press.
  23. Marston, C. L., & Shrives, P. J. (1991). The use of disclosure indices in accounting research: A review article. British Accounting Review, 23(3), 195-210.
  24. Meritum Project. (2002). Guidelines for managing and reporting on intangibles (intellectual capital report). Project funded by the European Union within the framework of the T –SER programme. Madrid; Meritum.
  25. Niemark, M, (1992). Hidden dimensions of annual reports sixty years of social         conflict at General Motors. New York: Markus Neiner.
  26. Oliveira, L. Rodrigues, L.L., & Craig, R. (2006). Firm-specific determinants of intangibles reporting: Evidence from the Portuguese stock market. Journal of    Human Resource Costing and Accounting, 10(1), 11-33.
  27. OPSI (2005).Regulatory impact assessment re-use of public sector information. Retrieved from  http://www.nationalarchives.gov.uk/
  28. Organization for Economic Cooperation and Development (OECD) (2000). Frank report, Measuring and reporting intellectual capital: Experience, issues, and    prospects. Paris: OECD.
  29. Peters, G.F., Abbor, L.J., & Parkets, S. (2000). Voluntary disclosures and auditor specialization:       The case of commodity derivative disclosure. Retrieved from http:// www. aain.com
  30. Piekkola, H. (2009). Intangible capital: can it explain the unexplained?
  31. University of Vaasa.             Department of Economics working paper No.13. Retrieved from http://www.uwasa.fi/midcom-serveattachmentguid.../workingpaper14
  32. PIRA (2000). Commercial exploitation of Europe: Public sector information. PIRA International, Leatherhead.
  33. Roos, J., Roos, G .Dragnnetti, N .C., & Edvinsson, L. (1997). Intellectual capital: Navigating the new business landscape. New York: Mac Macmillan.
  34. See, F.K., & Rashid, A. (2011). Determinants of non-disclosure of intellectual capital information in Malaysian IPO prospectuses. International Journal of            Economics, 3(5): 178-186.
  35. Skinner, D. (1994). Why firms voluntarily disclose bad news. Journal of  Accounting Research, 32(1): 38-60.
  36. Stewart, T. A. (1999). Intellectual capital. Lisbon:  Edigoes  Silabo.
  37. Sujan, A., & Abeysekera, I. (2007). Intellectual capital reporting practices of the top Australian firm. Australian Accounting Review, 17(2): 62-74.
  38. Sveiby, K. (1997). The New Organizational Wealth, Managing And Measuring Knowledge-based Assets. San Francisco, CA: Berrett-Koehler Publishers Inc.
  39. Tasker, S. (1998). Bridging the information gap: quarterly conference calls as a
  40. medium for voluntary disclosure. Review of Accounting Studies, 3(1): 135-150.
  41. Tayib, M., & Salman, R.T. (2011). Intellectual capital reporting in Nigeria: A way forward. Retrieved from http://wwwaibuma.org/proceedings2011_11_01_ achivehtml.
  42. White, H. (1980). A heteroskedasticity-consistent covariance matrix estimator and a direct test for heteroskedasticity. Econometrica, 48 (4): 817-838.
  43. Whitwell, S. (2005). Understanding brand equity and brand valuation. Retrieved from http://www.intangiblebusiness.com/brand-service/financialservice/news         /understanding-brand equity-and brand valuation.
Abstract Views: 184
PDF Views: 89

Advanced Search

News/Events

Institute of Managem...

Deccan Education Society Institute of Management Development and Re...

S.B. Patil Institute...

Pimpri Chinchwad Education Trust's S.B. Patil Institute of Mana...

D. Y. Patil IMCAM, A...

D. Y. Patil Institute of Master of Computer Applications & Managem...

Vignana Jyothi Insti...

Vignana Jyothi Institute of Management International Conference on ...

Department of Commer...

Department of Commerce, Faculty of Commerce & Business, University...

Birla Institute of M...

Birla Institute of Management Technology (BIMTECH) 3rd Pritam Singh M...

OP Jindal University...

OP Jindal University, India 4th International Conference on  ...

Department of MBA, N...

Department of MBA, Narayana Engineering College Nellore International...

Vignana Jyothi Insti...

Vignana Jyothi Institute of Management Conference Proceedings,...

Online Proceedings R...

Conference Proceedings, March 2023 ISBN: 978-81-956810-6-8 ...

By continuing to use this website, you consent to the use of cookies in accordance with our Cookie Policy.