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Voluntary disclosure of intangibles among Australian publicly listed companies

journal contribution
posted on 2023-05-17, 05:02 authored by Abdul Halim, H, Thomas BaxterThomas Baxter
This study examines the disclosure of intangibles in the annual reports and the prospectuses to establish evidence that established firms tend to increase disclosure of intangibles information to reduce information asymmetry when they intend to issue equity. It is prompted by the fact that traditional financial reporting has been criticised for not being able to capture the intangibles value drivers in the new economy such as knowledge assets, human resources and customer satisfaction. The literature links the disclosure of information to cost of capital by providing evidence that managers are more forthcoming with voluntary disclosure when they frequently access the capital market. The evidence from the preliminary testing of the annual reports and prospectuses support the hypothesis that companies disclose a variety of intangibles information. However, there are no substantial statistics or any study that links the relationship between annual reports disclosure and disclosure of intangibles in the prospectus. This paper is presented as work in progress but it is hoped that the extended data collection and analysis will add to the current body of literature.

History

Publication title

Global Review of Accounting and Finance

Pagination

60-76

ISSN

1838-1413

Department/School

TSBE

Publisher

World Business Institute

Place of publication

Melbourne

Rights statement

Copyright 2010 Global Review of Accounting and Finance

Repository Status

  • Restricted

Socio-economic Objectives

Financial services not elsewhere classified

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