Intangibles disclosure, market performance and business reputation the case of Spain

Sáenz, Josune; Gomez, Juan Vianey

doi:10.1504/ijlic.2008.018884

Cited by 9 publications

(15 citation statements)

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“…Orens et al (2009) observe a positive relationship between voluntary ICD and the market value of listed firms from Belgium, France, Germany and the Netherlands supported by the majority of the other studies. Sáenz and Gómez (2008) and Castelo Branco et al (2010) find a positive association between voluntary ICD and firm value that fails to reach the required significance level. The contradicting results of the remaining four studies might partially result from their sample selection.…”

Section: Effects Of Voluntary Icd (Rq3)mentioning

confidence: 95%

“…Due to the significance of IC for a firm's sustainable development and economic success, a company should voluntarily disclose IC information to fulfil these expectations. Moreover, voluntary ICD can support customer and supplier relationships and attract talented employees (Sáenz and Gómez, 2008). Overall, the fulfilment of expectations can lead to an inflow of capital, labour and customers (Healy and Palepu, 2001;.…”

Section: Jaar 203mentioning

confidence: 99%

“…Effects on social value are hardly researched. Only two studies report a positive effect of voluntary ICD on firm reputation or image for specific industries and countries (Sáenz and Gómez, 2008;Alvarez Dominguez, 2011), so that the results cannot be generalised. Other effects of voluntary ICD outside capital markets have not been investigated so far.…”

Section: Effects Of Voluntary Icd (Rq3)mentioning

confidence: 99%

“…Analysts' following, recommendation or forecast error, subscription rate Flöstrand and Ström (2006), Petty et al (2008), Abhayawansa and Guthrie (2012), Farooq and Nielsen (2014), Hsu andChang (2011), Maaloul et al (2016) Abhayawansa and Stakeholder perceptions Sakakibara et al (2010), Khan and Ali (2010), Ousama et al (2011), Maaloul andZéghal (2015) 3. Effects on social value Reputation, image of company Sáenz and Gómez (2008), Alvarez Dominguez (2011)…”

Section: Effects On Utility Valuementioning

confidence: 99%

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Effects of voluntary intellectual capital disclosure for disclosing firms

Vanini

Rieg

2019

JAAR

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Purpose Mandatory disclosure of a firm’s intellectual capital (IC) is restricted by accounting regulations, leading companies to use voluntary disclosure to inform their stakeholders about their IC. However, voluntary IC disclosure (ICD) is costly and may lead to a leak of knowledge. Consequently, firms should only engage in voluntary ICD if it really reduces information asymmetries and leads to reduced cost of capital or a better reputation. The purpose of this paper is to review, integrate and critically discuss the results of studies examining various effects of voluntary ICD. Design/methodology/approach The authors use a structured literature review approach. Findings The results mainly support the expected positive effects of voluntary ICD on monetary value for disclosing firms, e.g. lower cost of capital, higher firm value or increased analysts’ following. Nevertheless, the studies mainly represent second stage IC research. Research limitations/implications Additional studies concerning effects of voluntary ICD outside capital markets are recommended. Future studies should be based on an improved study design concerning the theoretical underpinning and concept of value relevance, sufficient sample sizes and alternative sources of ICD. Practical implications Due to positive monetary effects, firms should engage in voluntary ICD. Originality/value The paper reviews and integrates the state-of-the-art of empirical research of effects of voluntary ICD. It contributes to and enlarges the debate concerning the value relevance of voluntary ICD with respect to the different stages of IC research.

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Section: Effects Of Voluntary Icd (Rq3)mentioning

confidence: 95%

Section: Jaar 203mentioning

confidence: 99%

Section: Effects Of Voluntary Icd (Rq3)mentioning

confidence: 99%

Section: Effects On Utility Valuementioning

confidence: 99%

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Effects of voluntary intellectual capital disclosure for disclosing firms

Vanini

Rieg

2019

JAAR

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“…It is now commonly believed that building better relations with primary stakeholders like employees, customers, suppliers, and communities (Freeman, 1984), could lead to increased shareholders' wealth through the accumulation of knowledge assets that can be sources of competitive advantage (Hillman and Kiem, 2001;Saenz and Gomez, 2008). These knowledge assets in turn lead to a positive relationship between stakeholder management and shareholder value, wherein effective stakeholder management leads to improved financial performance (Hillman and Kiem, 2001;Saenz and Gomez, 2008). Going by these findings, how can synchronization of the different knowledge assets (i.e.…”

Section: Stakeholder Model Of Organizational Knowledge Assetsmentioning

confidence: 99%

A Stakeholder Model for Managing Knowledge Assets in Organizations

Tongo¹

2012

New Research on Knowledge Management Models and Methods

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Is Corporate Reputation Associated with Quality of CSR Reporting? Evidence from Spain

Odriozola

Baraibar‐Diez

2017

Corp Soc Responsibility Env

210

160

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Disclosure of social, environmental, and governance (ESG) information is inherent to the implementation of a corporate social responsibility (CSR) strategy. Furthermore, the level of quality in sustainability reports that are developed by the company may enhance its credibility and in turn, influence the perception of stakeholders improving corporate reputation. The aim of this work is to test whether the quality of sustainability reports influences subsequent corporate reputation. This contribution responds to a latent need in the literature as the study of the assurance on sustainability reporting is relatively new and its focus is novel since few studies examine the level of quality information as a precedent of reputation instead of a result of certain corporate variables. Using a logistic regression applied to Ibex35 companies for the period 2006–2011, we find that the quality of sustainability reporting increases the likelihood of having higher corporate reputation. Copyright © 2017 John Wiley & Sons, Ltd and ERP Environment

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Intangibles disclosure, market performance and business reputation the case of Spain

Cited by 9 publications

References 0 publications

Effects of voluntary intellectual capital disclosure for disclosing firms

Effects of voluntary intellectual capital disclosure for disclosing firms

A Stakeholder Model for Managing Knowledge Assets in Organizations

Is Corporate Reputation Associated with Quality of CSR Reporting? Evidence from Spain

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