Please use this identifier to cite or link to this item: http://hdl.handle.net/1893/11877
Appears in Collections:Accounting and Finance Journal Articles
Peer Review Status: Refereed
Title: Evaluating Disclosure Theory using the Views of UK Finance Directors in the Intellectual Capital Context
Authors: Beattie, Vivien
Smith, Sarah Jane
Contact Email: sarah.smith@stir.ac.uk
Keywords: disclosure theory
intellectual capital
questionnaire survey
voluntary disclosure
Issue Date: Dec-2012
Publisher: Taylor & Francis (Routledge)
Citation: Beattie V & Smith SJ (2012) Evaluating Disclosure Theory using the Views of UK Finance Directors in the Intellectual Capital Context, Accounting and Business Research, 42 (5), pp. 471-494.
Abstract: In contrast to most prior research in this area, which focuses on actual disclosures, this study uses a large-scale direct method to investigate the factors that a key preparer group believes influence intellectual capital (IC) disclosure decisions. IC disclosures are typically characterised by uncertainty of interpretation and high levels of commercial sensitivity. A questionnaire elicits 93 UK-listed company finance directors' views regarding the influences on these decisions. Results are used to evaluate the relative explanatory power of several theoretical and practical reasons for disclosure. Strongest support is found for competitive disadvantage and capital market considerations. Issues related to legitimacy theory, stakeholder theory and other economic disclosure costs also feature. Factor analysis reduces the set of 28 incentives and disincentives to 10 uncorrelated dimensions, indicating that a broad and complex set of overlapping factors affect the disclosure decision. The importance of disclosure incentives and disincentives is found to vary both within and between disclosure topics, which may explain the variation in findings in prior research.
Type: Journal Article
URI: http://hdl.handle.net/1893/11877
DOI Link: http://dx.doi.org/10.1080/00014788.2012.668468
Rights: The publisher does not allow this work to be made publicly available in this Repository. Please use the Request a Copy feature at the foot of the Repository record to request a copy directly from the author. You can only request a copy if you wish to use this work for your own research or private study.
Affiliation: University of Glasgow
Accounting and Finance

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