کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
1005143 1481959 2007 25 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
The use of intellectual capital information in investment decisions: An empirical study using analyst reports
موضوعات مرتبط
علوم انسانی و اجتماعی مدیریت، کسب و کار و حسابداری حسابداری
پیش نمایش صفحه اول مقاله
The use of intellectual capital information in investment decisions: An empirical study using analyst reports
چکیده انگلیسی

Do financial analysts convey intellectual capital information in their recommendations? This study of a sample of analyst reports on large, listed Spanish companies provides some evidence on the question. Analysts usually report information regarding a company's strategy, customers, and processes; they less often provide information about research, development, and innovation. When controlling for endogeneity, we find that certain firm characteristics appear to influence the use of intellectual capital information. Analysts use this information in the case of highly profitable companies. The results also show a significant effect of growth opportunities on intellectual capital disclosure by financial analysts.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: The International Journal of Accounting - Volume 42, Issue 1, 2007, Pages 57–81
نویسندگان
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