TY  - JOUR
AB  - Purpose– The purpose of the paper is to investigate intangibles disclosure in Italian initial public offerings (IPO) prospectuses. It seeks to examine whether intangibles disclosure in IPO prospectuses is correlated to some firm‐specific variables, which influence the information selected by a company for its admission on the stock exchange.Design/methodology/approach– The paper is an empirical analysis of intangibles disclosure in Italian IPO prospectuses, and in particular an analysis of its association with some firm‐specific variables through a regression model.Findings– The paper finds that intangibles information is increasing in Italian IPOs. Firm size and pre‐IPO managerial ownership are associated with intangibles disclosure, while firm age and level of technology are not related.Research limitations/implications– The paper shows that the IPO disclosure could not be exhaustive of the intangibles disclosure provided by Italian companies, because it is produced on a voluntary basis. Originality/value – The empirical results indicate that intangibles disclosure is important in the capital markets assessment of firm value.
VL  - 8
IS  - 2
SN  - 1469-1930
DO  - 10.1108/14691930710742853
UR  - https://doi.org/10.1108/14691930710742853
AU  - Cordazzo Michela
PY  - 2007
Y1  - 2007/01/01
TI  - Intangibles and Italian IPO prospectuses: a disclosure analysis
T2  - Journal of Intellectual Capital
PB  - Emerald Group Publishing Limited
SP  - 288
EP  - 305
Y2  - 2024/04/19
ER  -