Sell-side Analysts' Use and Communication of Intellectual Capital Information
Author | : Subhash Asanga Abhayawansa |
Publisher | : |
Total Pages | : 768 |
Release | : 2010 |
ISBN-10 | : OCLC:712769710 |
ISBN-13 | : |
Rating | : 4/5 ( Downloads) |
Download or read book Sell-side Analysts' Use and Communication of Intellectual Capital Information written by Subhash Asanga Abhayawansa and published by . This book was released on 2010 with total page 768 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Structural economic changes in many countries, together with unprecedented developments in the business environment, have significantly affected the value creation processes of firms and the way business is conducted. The traditional financial reporting model is inadequate as a consequence of these developments, and intellectual capital (IC) information has gained importance for investment decision making. Empirical capital markets research demonstrates the value-relevance and predictive ability of certain types of IC information. The use of IC information by capital market participants is a topic that has begun to gain attention from contemporary researchers, but for which scant empirical evidence exists. Much of the research in this area relies on the literature about the use of non-financial information (NFI), which is inadequate in its examination of certain types of IC information. Therefore, the main aim of this thesis is to examine the use and communication of IC information by sell-side analysts. Sell-side analysts are of particular interest because they are capital market intermediaries and sophisticated processors of corporate information. The reports they produce provide an opportunity to examine their use and communication of IC information. The specific objectives of this thesis are to examine: the extent and types of IC information used by sell-side analysts in initiating coverage reports produced by them; how IC information is used and communicated in these reports; and factors that may influence the use of IC information by sell-side analysts."--Abstract.