Voluntary disclosure and intellectual capital: how CEOs mobilise discretionary accounting narratives to account for value creation stemming from intellectual capital
| Autor: | Stéphane Lefrancq, Miloš Petković, Élisabeth Walliser, Elisabeth Albertini, Fabienne Berger-Remy, Laurence Morgana |
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| Přispěvatelé: | IAE Paris - Sorbonne Business School, Laboratoire interdisciplinaire de recherche en sciences de l'action (LIRSA), Conservatoire National des Arts et Métiers [CNAM] (CNAM), HESAM Université (HESAM)-HESAM Université (HESAM), Singidunum University, Université Côte d'Azur (UCA), Groupe de Recherche en Management - EA 4711 (GRM), Université Nice Sophia Antipolis (... - 2019) (UNS), COMUE Université Côte d'Azur (2015-2019) (COMUE UCA)-COMUE Université Côte d'Azur (2015-2019) (COMUE UCA)-Université Côte d'Azur (UCA), LIRSA. Centre de recherche en comptabilité (LIRSA-CRC), Conservatoire National des Arts et Métiers [CNAM] (CNAM)-Conservatoire National des Arts et Métiers [CNAM] (CNAM) |
| Jazyk: | angličtina |
| Rok vydání: | 2021 |
| Předmět: |
Value (ethics)
Information Systems and Management business.industry 05 social sciences Economics Econometrics and Finance (miscellaneous) Accounting 050201 accounting Intellectual capital Voluntary disclosure Shareholder Content analysis Capital (economics) 0502 economics and business [SHS.GESTION]Humanities and Social Sciences/Business administration Balance sheet business Research question 050203 business & management ComputingMilieux_MISCELLANEOUS |
| Zdroj: | Journal of applied accounting research Journal of applied accounting research, Emerald, 2021, 22 (4), pp.687-705. ⟨10.1108/JAAR-04-2020-0073⟩ Journal of applied accounting research, Emerald, 2021, ahead-of-print (ahead-of-print), ⟨10.1108/JAAR-04-2020-0073⟩ |
| ISSN: | 1758-8855 0967-5426 |
| DOI: | 10.1108/JAAR-04-2020-0073⟩ |
| Popis: | PurposeThis research aims to contribute to the current discussion led by international accounting bodies on intellectual capital narratives. Before setting a standard, a preliminary step is to highlight intellectual capital components' sources of value. The objective of this exploratory paper is to contribute to the discussion by proposing a detailed description and taxonomy of intellectual capital based on an analysis of discretionary accounting narrative disclosures in CEO letters.Design/methodology/approachTo answer the research question, a computerised lexical content analysis was done of 241 letters from the CEOs of S&P Euro 350 companies addressed to shareholders.FindingsBeyond the required disclosures about balance sheet intangibles, this study brings to light discretionary narratives about human, digital, customer and environmental capital and their interactions. In particular, CEOs are promoting two new themes, environmental capital and digital capital, as major contributors to value creation.Research limitations/implicationsThe limitations of this study are inherent in the media studied, namely the CEOs' letters to shareholders, which were written as part of the firms' official communication.Practical implicationsThe main contribution of the research is a detailed description of the intellectual capital components that CEOs consider to be at the heart of their companies' models to create value. Human and customer capital were already familiar under the previous classification, but CEOs present digital and environmental capital as areas of opportunity or risk in their discretionary narratives.Originality/valueThe article contributes to the current international discussions on intellectual capital by focusing on discretionary accounting narratives. It seeks to provide guidelines concerning future standards in the current stage of intellectual capital research. |
| Databáze: | OpenAIRE |
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