TY  - JOUR
AB  - Purpose– The purpose of this paper is to analyse the relationship between financial statement informativeness (FSI) and intellectual capital disclosure (ICD). Design/methodology/approach– While FSI was measured as the explanatory power of financial information in explaining market value, ICD was collected through content analysis of annual reports. A sample of 126 US companies, divided into two groups – high-tech and low-tech companies – were used in this study. Empirical analysis was carried out using the Poisson regression method. Findings– The results show a negative (substitutive) relationship between FSI and ICD, especially in high-tech companies. This indicates that companies with low FSI disclose more information about their IC in annual reports. Practical implications– This study confirms the role of voluntary ICD as a solution towards mitigating the problem of the distortion of financial information due to the lack of accounting recognition of IC as an asset in the financial statements. Originality/value– This is the first empirical study to analyse the relationship between FSI and ICD. Therefore, it serves as feedback to the regulators and standard-setters that recently published recommendations on voluntarily disclosing IC.
VL  - 13
IS  - 1
SN  - 1985-2517
DO  - 10.1108/JFRA-04-2014-0023
UR  - https://doi.org/10.1108/JFRA-04-2014-0023
AU  - Maaloul Anis
AU  - Zéghal Daniel
PY  - 2015
Y1  - 2015/01/01
TI  - Financial statement informativeness and intellectual capital disclosure: An empirical analysis
T2  - Journal of Financial Reporting and Accounting
PB  - Emerald Group Publishing Limited
SP  - 66
EP  - 90
Y2  - 2024/04/16
ER  -