Assessing the market value effects of intellectual capital disclosure: insights from New Zealand
This study investigates the impact of intellectual capital disclosure on the market value of listed firms in New Zealand from 2016 to 2018, using a stakeholder theory perspective. Given modern investors’ heightened interest in firms’ intellectual aspects, empirical exploration is imperative. Employi...
| Main Authors: | , , , |
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| Format: | Article |
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Inderscience Publishers
2024
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| Online Access: | http://psasir.upm.edu.my/id/eprint/112905/ |
| _version_ | 1848866072245043200 |
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| author | Abdolzahraei, Zeinab Cheah, Jun Hwa Choo, Wei Chong Abdullah, Abdul Rashid |
| author_facet | Abdolzahraei, Zeinab Cheah, Jun Hwa Choo, Wei Chong Abdullah, Abdul Rashid |
| author_sort | Abdolzahraei, Zeinab |
| building | UPM Institutional Repository |
| collection | Online Access |
| description | This study investigates the impact of intellectual capital disclosure on the market value of listed firms in New Zealand from 2016 to 2018, using a stakeholder theory perspective. Given modern investors’ heightened interest in firms’ intellectual aspects, empirical exploration is imperative. Employing content analysis to assess intellectual capital disclosure levels and multiple regression for measuring impact, our research is based on a sample of 114 observations across 38 firms. Empirical findings affirm a strong positive correlation between intellectual capital disclosure and market value for New Zealand-listed firms during the study period. Notably, every element of intellectual capital disclosure contributes positively to market value, with human capital disclosure exhibiting the most significant influence, despite being the least reported component. These results align with stakeholder theory, emphasising the pivotal role of disclosure in influencing stakeholder decisions, particularly among investors. Our study systematically assesses each disclosure component’s effect on market value and empirically tests intellectual capital disclosure’s impact in New Zealand’s developed economy. Copyright © 2024 Inderscience Enterprises Ltd. |
| first_indexed | 2025-11-15T14:14:47Z |
| format | Article |
| id | upm-112905 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-15T14:14:47Z |
| publishDate | 2024 |
| publisher | Inderscience Publishers |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-1129052024-10-28T07:47:16Z http://psasir.upm.edu.my/id/eprint/112905/ Assessing the market value effects of intellectual capital disclosure: insights from New Zealand Abdolzahraei, Zeinab Cheah, Jun Hwa Choo, Wei Chong Abdullah, Abdul Rashid This study investigates the impact of intellectual capital disclosure on the market value of listed firms in New Zealand from 2016 to 2018, using a stakeholder theory perspective. Given modern investors’ heightened interest in firms’ intellectual aspects, empirical exploration is imperative. Employing content analysis to assess intellectual capital disclosure levels and multiple regression for measuring impact, our research is based on a sample of 114 observations across 38 firms. Empirical findings affirm a strong positive correlation between intellectual capital disclosure and market value for New Zealand-listed firms during the study period. Notably, every element of intellectual capital disclosure contributes positively to market value, with human capital disclosure exhibiting the most significant influence, despite being the least reported component. These results align with stakeholder theory, emphasising the pivotal role of disclosure in influencing stakeholder decisions, particularly among investors. Our study systematically assesses each disclosure component’s effect on market value and empirically tests intellectual capital disclosure’s impact in New Zealand’s developed economy. Copyright © 2024 Inderscience Enterprises Ltd. Inderscience Publishers 2024 Article PeerReviewed Abdolzahraei, Zeinab and Cheah, Jun Hwa and Choo, Wei Chong and Abdullah, Abdul Rashid (2024) Assessing the market value effects of intellectual capital disclosure: insights from New Zealand. International Journal of Learning and Intellectual Capital, 21 (2). pp. 219-248. ISSN 1479-4853; eISSN: 1479-4861 https://www.inderscienceonline.com/doi/pdf/10.1504/IJLIC.2024.137575 10.1504/IJLIC.2024.137575 |
| spellingShingle | Abdolzahraei, Zeinab Cheah, Jun Hwa Choo, Wei Chong Abdullah, Abdul Rashid Assessing the market value effects of intellectual capital disclosure: insights from New Zealand |
| title | Assessing the market value effects of intellectual capital disclosure: insights from New Zealand |
| title_full | Assessing the market value effects of intellectual capital disclosure: insights from New Zealand |
| title_fullStr | Assessing the market value effects of intellectual capital disclosure: insights from New Zealand |
| title_full_unstemmed | Assessing the market value effects of intellectual capital disclosure: insights from New Zealand |
| title_short | Assessing the market value effects of intellectual capital disclosure: insights from New Zealand |
| title_sort | assessing the market value effects of intellectual capital disclosure: insights from new zealand |
| url | http://psasir.upm.edu.my/id/eprint/112905/ http://psasir.upm.edu.my/id/eprint/112905/ http://psasir.upm.edu.my/id/eprint/112905/ |