Reporting intellectual capital in Spain

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Oliveras, Ester; Kasperskaya, Yulia. Reporting intellectual capital in Spain. 2004
To cite or link this document: Oliveras, Ester Kasperskaya, Yulia
dc.contributor.other Universitat Pompeu Fabra. Departament d'Economia i Empresa 2004-10-01
dc.description.abstract This study reports on the analysis of annual reports from 14- listed companies in Spain over a five-year period, from 1998 to 2002. Companies in the sample are selected on the basis of their knowledge-based assets and incentives to report on Intellectual Capital. The empirical analysis is twofold: 1) Firstly, we analyse the value of intellectual capital using a value-based approach, through the difference between market and book value over the period considered. Results show that there is a general decrease in the 'hidden value' of these companies, probably due to the general trend in stock markets. 2) Secondly, we carry out a content-based analysis of the complete annual reports of the companies over the five year period. Preliminary findings seem to suggest that although the level of disclosure has increased over time, this is mainly in the form of narrative. Overall, the level of disclosure of intellectual capital remains low.
dc.language.iso eng
dc.relation.ispartofseries Economics and Business Working Papers Series; 781
dc.rights L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons
dc.title Reporting intellectual capital in Spain
dc.type info:eu-repo/semantics/workingPaper 2014-06-03T07:14:12Z
dc.subject.keyword Finance and Accounting
dc.subject.keyword intellectual capital
dc.subject.keyword disclosure
dc.subject.keyword spain
dc.rights.accessRights info:eu-repo/semantics/openAccess

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