An Analysis of the Determinants of Voluntary Structural Capital Disclosure by Listed French Companies

Abstract

This paper analyzes the characteristics of voluntary structural capital disclosure and points out the factors explaining the disclosure of such information, based on a sample of French companies belonging to the SBF 120 and observed in 2006.Using manual content analysis, the study shows that firms provide more information on innovation capital with emphasizing on the narrative and descriptive forms. The results confirm that ownership structure, size, debts and the weight of activated goodwill are the determinants of voluntary structural capital disclosure. However variables apprehending the legitimacy's level of the firm and the interest in its stakeholders' pressure seem to be not significant in explaining the level of this disclosure. Accordingly, the structural capital communication strategy does not meet the needs of legitimization that fit into a vision of corporate citizenship, but in order to mitigate some agency costs and solve the inadequacy of financial reporting.

Compliance with intangible assets disclosure requirements: study of Portuguese non-financial companies

“…In accordance with previous research (Branco et al, 2010;Ferreira, 2008;Kateb, 2012;Li et al, 2008;Martins, 2012;Oliveira et al, 2006;Orens et al, 2009;Striukova et al, 2008), the methodological technique used to achieve the research objectives was the content analysis of financial statements and notes of the sampled companies for 2010 (transition year from POC to SNC) and 2011. Content analysis was done manually, as we searched for each intangible assets disclosure requirements.…”

Determinants of Structure of Corporate Governance Disclosure in Portugal

“…Empirically, some studies confirm a positive relationship between managerial ownership and disclosure (Kateb, 2012;Barros, Boubaker & Hamrouni, 2013, Hunziker, 2014. In this context, the following hypothesis is formulated:…”

“…In general, the results of empirical studies that relate leverage and information disclosure indicate conflicting signs. Some authors find a positive relationship (Kateb, 2012;Hunziker, 2014;Jouirou and Chenguel, 2014), while others do not observe any relationship (Hannifa and Cooke, 2002;Oliveira et al, 2006;Lopes and Rodrigues, 2007;Allegrini and Greco, 2013;Ghasempour and Mdyusof, 2014) and some even show a negative relationship (Eng and Mak, 2003;Barros et al, 2013;Oliveira et al, 2013). Therefore, the following hypothesis is formulated: H 3b : there is a relationship between leverage and the level of CGD.…”

Financial Determinants of Corporate Governance Disclosure: Portuguese Evidence

“…Some authors find a positive relationship (Aljifri and Hussaney 2007, Kateb 2012, Juhmani 2013, Jouirou and Chenguel 2014, while others do not observe any relationship (Hannifa and Cooke 2002, Lopes and Rodrigues 2007, Allegrini and Greco 2013, Ghasempour and MdYusof 2014 and some even showed a negative relationship (Eng and Mak 2003, Barros et al 2013.…”