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Evaluating disclosure theory using the views of UK finance directors in the intellectual capital context

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Evaluating disclosure theory using the views of UK finance directors in the intellectual capital context. / Beattie, Vivien; Smith, Sarah Jane.

In: Accounting and Business Research, Vol. 42, No. 5, 01.12.2012, p. 471-494.

Research output: Contribution to journalJournal article

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Beattie V, Smith SJ. Evaluating disclosure theory using the views of UK finance directors in the intellectual capital context. Accounting and Business Research. 2012 Dec 1;42(5):471-494. Available from, DOI: 10.1080/00014788.2012.668468

Author

Beattie, Vivien; Smith, Sarah Jane / Evaluating disclosure theory using the views of UK finance directors in the intellectual capital context.

In: Accounting and Business Research, Vol. 42, No. 5, 01.12.2012, p. 471-494.

Research output: Contribution to journalJournal article

Bibtex

@article{01786f797d2a4001b13b68b84521fac5,
title = "Evaluating disclosure theory using the views of UK finance directors in the intellectual capital context",
keywords = "disclosure theory, intellectual capital , questionnaire survey , voluntary disclosure",
author = "Vivien Beattie and Smith, {Sarah Jane}",
year = "2012",
month = "12",
doi = "10.1080/00014788.2012.668468",
volume = "42",
pages = "471--494",
journal = "Accounting and Business Research",
issn = "0001-4788",
publisher = "INST CHARTERED ACCOUNTANTS ENGLAND & WALES",
number = "5",

}

RIS

TY - JOUR

T1 - Evaluating disclosure theory using the views of UK finance directors in the intellectual capital context

AU - Beattie,Vivien

AU - Smith,Sarah Jane

PY - 2012/12/1

Y1 - 2012/12/1

N2 - 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.

AB - 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.

KW - disclosure theory

KW - intellectual capital

KW - questionnaire survey

KW - voluntary disclosure

U2 - 10.1080/00014788.2012.668468

DO - 10.1080/00014788.2012.668468

M3 - Journal article

VL - 42

SP - 471

EP - 494

JO - Accounting and Business Research

T2 - Accounting and Business Research

JF - Accounting and Business Research

SN - 0001-4788

IS - 5

ER -