Factors Affecting Intellectual Capital Disclosures: A Case of Primary Sectors in Thailand
Journal Title: Journal of Economics and Business - Year 2018, Vol 1, Issue 4
Abstract
The aim of this paper is to explore the quality of Intellectual Capital Disclosure (ICD) in the modern economic era. Using the data from both agricultural sector and resources sector listed in The Stock Exchange of Thailand (SET) between 2013-2017 (15 companies each), the study finds that firm size has an influence on all aspects of ICD (Human Capital Disclosure, Internal Capital Disclosure, and External Capital Disclosure). Meanwhile, profitability affects Human Capital Disclosure and Internal Capital Disclosure. As a contribution to previous researches, the findings support the view in which information asymmetry has a positive relationship with External Capital Disclosure. Furthermore, it finds that market share has a significant influence on the quality of Human Capital Disclosure and Intellectual Capital Disclosure. Since the study applies content analysis which investigates companies' annual reports according to ICD terms used in the reports, there is a possibility that the quality of ICD will not be wholly captured. In addition, firms may use other sources of information to communicate their ICD. To sum up, this paper assists in giving some insight about the quality of ICD in Thailand, especially agricultural sector and resource sector, as well as trying to inspect other factors related to ICD that was rarely used in previous research, such as market share.
Authors and Affiliations
Saarce Elsye Hatane, Audrey Tania Wijaya, Andy William, Amanda Devi Haryanto
Keywords
Related Articles
- EP ID EP437471
- DOI 10.31014/aior.1992.01.04.46
- Views 81
- Downloads 0
The Financial Crisis and its Impact on Comovements of Financial Markets: Evidence from Exchange-Traded Funds
The two-fold objective of this paper is, on one hand, to study the comovements of international financial markets before and after the “subprime” financial crisis and, on the other hand, to determine their impact on inte...
Bank Employees’ Perceptions of the Quality of Training in the Greek Banking Sector: Learning Barriers and Incentives
The purpose of this study is to investigate the perceptions of banking employees of the Greek banking sector on the training provided to them by emphasizing on the learning barriers and the incentives in learning. Quanti...
The Role of Macroprudential Policy Instruments on Credit Distribution in Indonesia
One of the objectives of the macroprudential policy instrument is to reduce the procyclicality of bank credit growth. This study aims to analyze the Bank Indonesia macroprudential policy in controlling property loans. Th...
Islamic Structured Products: Innovation or Replication? A New Discussion on Contemporary Application and Shari’ah Issues
Islamic structured products (Islamic SPs) are similar to conventional SPs, but with a difference that the former is Shari’āh-compliant; whereas, the latter is not. A question, therefore, arises whether Islamic SPs are a...
The Art of Crafting Actionable National Innovation Policy: The Case of Sri Lanka
Innovation or S&T policy has become one of the crucial policy domains in almost all the countries during the last three decades. The association between the level of innovation and the socio-economic development of a cou...