Determinants of corporate disclosure on intellectual capital in Malaysian IPO prospectuses

This research examines the determinants of intellectual capital (IC) disclosure in company initial public offerings (IPO) prospectus in the Malaysian context. An examination of the influence of the firm’s, management’s and the IPO advisors’ attributes (i.e., 11 independent variables altogether),...

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Main Authors: Too, Shaw Warn, Somasundaram, Nakha Ratnam
Format: Article
Language:English
Published: Inder Science 2011
Subjects:
Online Access:http://eprints.intimal.edu.my/186/
http://eprints.intimal.edu.my/186/1/7.pdf
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author Too, Shaw Warn
Somasundaram, Nakha Ratnam
author_facet Too, Shaw Warn
Somasundaram, Nakha Ratnam
author_sort Too, Shaw Warn
building INTI Institutional Repository
collection Online Access
description This research examines the determinants of intellectual capital (IC) disclosure in company initial public offerings (IPO) prospectus in the Malaysian context. An examination of the influence of the firm’s, management’s and the IPO advisors’ attributes (i.e., 11 independent variables altogether), on the extent of IC disclosure, was carried out. The data was collected through a content analysis of the IPO prospectus of 330 companies which were undergoing listing exercise in the Malaysian Securities from 2002–2008, by adopting the IC disclosure checklist used by Bukh et al. (2005), which is comprised of 78 items. The research shows that the extent of IC disclosure has increased significantly from 2002 to 2008. Another seven determinants that have been identified as significantly influencing the extent of IC disclosure are the company size, level of technology, foreign activity and performance, pre-IPO managerial ownership, reputation status of the managing underwriter and the reporting accountant.
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spelling intimal-1862016-04-20T07:56:43Z http://eprints.intimal.edu.my/186/ Determinants of corporate disclosure on intellectual capital in Malaysian IPO prospectuses Too, Shaw Warn Somasundaram, Nakha Ratnam HF Commerce This research examines the determinants of intellectual capital (IC) disclosure in company initial public offerings (IPO) prospectus in the Malaysian context. An examination of the influence of the firm’s, management’s and the IPO advisors’ attributes (i.e., 11 independent variables altogether), on the extent of IC disclosure, was carried out. The data was collected through a content analysis of the IPO prospectus of 330 companies which were undergoing listing exercise in the Malaysian Securities from 2002–2008, by adopting the IC disclosure checklist used by Bukh et al. (2005), which is comprised of 78 items. The research shows that the extent of IC disclosure has increased significantly from 2002 to 2008. Another seven determinants that have been identified as significantly influencing the extent of IC disclosure are the company size, level of technology, foreign activity and performance, pre-IPO managerial ownership, reputation status of the managing underwriter and the reporting accountant. Inder Science 2011 Article PeerReviewed text en http://eprints.intimal.edu.my/186/1/7.pdf Too, Shaw Warn and Somasundaram, Nakha Ratnam (2011) Determinants of corporate disclosure on intellectual capital in Malaysian IPO prospectuses. International Journal of Learning and Intellectual Capital, 8 (4). pp. 418-435. ISSN 1479-4861 10.1504/IJLIC.2011.043064
spellingShingle HF Commerce
Too, Shaw Warn
Somasundaram, Nakha Ratnam
Determinants of corporate disclosure on intellectual capital in Malaysian IPO prospectuses
title Determinants of corporate disclosure on intellectual capital in Malaysian IPO prospectuses
title_full Determinants of corporate disclosure on intellectual capital in Malaysian IPO prospectuses
title_fullStr Determinants of corporate disclosure on intellectual capital in Malaysian IPO prospectuses
title_full_unstemmed Determinants of corporate disclosure on intellectual capital in Malaysian IPO prospectuses
title_short Determinants of corporate disclosure on intellectual capital in Malaysian IPO prospectuses
title_sort determinants of corporate disclosure on intellectual capital in malaysian ipo prospectuses
topic HF Commerce
url http://eprints.intimal.edu.my/186/
http://eprints.intimal.edu.my/186/
http://eprints.intimal.edu.my/186/1/7.pdf