An Analysis of the Determinants of Voluntary Structural Capital Disclosure by Listed French Companies

Autor:	Inès Kateb
Rok vydání:	2012
Předmět:	business.industry media_common.quotation_subject Agency cost Accounting Structural capital Order (exchange) Content analysis Capital (economics) Debt Goodwill Economics ComputingMilieux_COMPUTERSANDSOCIETY Corporate social responsibility business media_common
Zdroj:	International Journal of Business and Management. 7
ISSN:	1833-8119 1833-3850
DOI:	10.5539/ijbm.v7n11p95
Popis:	This paper analyzes the characteristics of voluntary structural capital disclosure and points out the factors explaining the disclosure of such information, based on a sample of French companies belonging to the SBF 120 and observed in 2006. Using manual content analysis, the study shows that firms provide more information on innovation capital with emphasizing on the narrative and descriptive forms. The results confirm that ownership structure, size, debts and the weight of activated goodwill are the determinants of voluntary structural capital disclosure. However variables apprehending the legitimacy’s level of the firm and the interest in its stakeholders’ pressure seem to be not significant in explaining the level of this disclosure. Accordingly, the structural capital communication strategy does not meet the needs of legitimization that fit into a vision of corporate citizenship, but in order to mitigate some agency costs and solve the inadequacy of financial reporting.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::a231cc1eae8a38fde92ee3ad07ccd77a https://doi.org/10.5539/ijbm.v7n11p95 Zobrazit plný text záznamu