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Mondal, Amitava
- Determinants of Intellectual Capital Disclosure Practices of Indian Companies
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1 Kalna College, Burdwan,West Bengal, IN
2 Department of Commerce,The University of Burdwan, Burdwan, West Bengal, IN
1 Kalna College, Burdwan,West Bengal, IN
2 Department of Commerce,The University of Burdwan, Burdwan, West Bengal, IN
Source
Journal of Commerce and Accounting Research, Vol 3, No 3 (2014), Pagination: 25-36Abstract
Numerous academicians, business professionals, and consultants identified 'intellectual assets/capital' as the main factor of value creation in the present knowledge economy. Companies especially in the service sectors require maximum amount of this type of capital to maintain their existence in the competitive market, whereas empirical results show that companies disclose lesser amount of intellectual capital related information in the annual reports. In this study, we examine the factors that determine the proportion of intellectual capital disclosure in the annual reports. For the purpose of the study 30 Indian knowledge-intensive companies (software, pharmaceuticals, and finance) are selected (on the basis of highest market capitalisation) for the period 2009-2012. Content analysis of annual reports is done to prepare intellectual capital disclosure (ICD) index and efficiency of intellectual capital is measured through VAIC. Multiple regression analysis is applied to examine the relationship between dependent and independent variables. Empirical results show that audit committee's size, age, and firm size have positive relation with intellectual capital disclosure but VAIC, profitability, and leverage have negative relationship with intellectual capital disclosure. This negative association between intellectual capital efficiency and disclosure suggests that intellectually efficient companies disclose less information in the financial statement for fear of losing competitive advantage.
The present study is the first study in the Indian context that examines the determinant(s) of intellectual capital disclosure. However, this study is confined to 30 Indian knowledge companies for the period 2009-2012.
Keywords
IC Disclosure, Content Analysis, Indian Knowledge Companies, IC Efficiency.
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- Measuring the Efficiency and Value of Intellectual Capital in Indian Knowledge Companies
Abstract Views :202 |
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Authors
Affiliations
1 Department of Commerce, Sidho-Kanho-Birsha University, West Bengal, IN
1 Department of Commerce, Sidho-Kanho-Birsha University, West Bengal, IN
Source
Journal of Commerce and Accounting Research, Vol 5, No 4 (2016), Pagination: 10-17Abstract
Intellectual capital is becoming the most important resource for creating value and competitive advantage in today's economy. The aim of this study is to investigate the correlation between the performance of a company's intellectual capital and the value of intellectual capital at a particular time. This study is conducted on 50 software and pharmaceutical companies operating in India. Annual reports, especially the profit & loss accounts and balance sheets of the companies have been used to obtain the data. Necessary data were also collected from official website of BSE and NSE. Value Added Intellectual Coefficient (VAICTM) method is applied for measuring the Intellectual Capital performance of the company. Monetary value of IC is calculated by applying Calculated Intangible Value method. The value creation efficiency of intellectual capital and value of intellectual capital also compared on the basis of rank. Findings from the empirical analysis indicate that the relationships between the performance of a company's intellectual capital and value of IC at a particular time are significantly related. The empirical findings suggest that the efficient management of company's intellectual capital can enhance its IC value. Intellectual capital is an area of interest to numerous parties, e.g. shareholders, managers, policy makers, institutional investors. This paper provides new insights related to the management and measurement of IC, since two specific measurement methods (CIV and VAICTM) were implemented in practice.Keywords
Intellectual Capital, Human Capital, Structural Capital, VAICTM, Calculated Intangible Value.- An Empirical Study in Sustainability Reporting Practices of Indian Small and Medium-Sized Enterprises
Abstract Views :285 |
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Authors
Affiliations
1 Associate Professor, Department of Commerce, Sidho-Kanho-Birsha University, West Bengal, IN
2 Research Scholar, Department of Commerce, Sidho-Kanho-Birsha University, West Bengal, IN
1 Associate Professor, Department of Commerce, Sidho-Kanho-Birsha University, West Bengal, IN
2 Research Scholar, Department of Commerce, Sidho-Kanho-Birsha University, West Bengal, IN
Source
Journal of Commerce and Accounting Research, Vol 10, No 1 (2021), Pagination: 67-76Abstract
The present study is undertaken to examine to what extent sustainability guidelines, national and international, are followed by the Indian SMEs. The main objective of this study is to examine the sustainability disclosure practices of Indian SMEs. For this purpose, 25 SMEs are considered which are listed in BSE SME and their annual reports for the year 2018-19 are examined. The present study indicates that sustainability issues are of the highest priority but still in their nascent stage particularly among the Indian SMEs. Based on content analysis, the study result shows that the overall disclosure level of sustainability issues is moderate. This pilot study provides an idea about the sustainability reporting practices of Indian Small and Medium-sized Enterprises. Despite some limitations, this is the first study that examines the extent of sustainability reporting practices voluntarily following national and international guidelines.Keywords
Sustainability, Reporting, Content Analysis, SMEs, Sustainability Standard, Responsibility Reporting.References
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