Povezanost razkritij o intelektualnem kapitalu in cene dolgov
| Autor: | Stropnik, Neca, Korošec, Bojana, Tominc, Polona |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2018 |
| Předmět: |
razkritja o intelektualnem kapitalu
privatne organizacije content analysis intelektualni kapital podjetništvo analiza vsebine intellectual capital disclosure level udc:005.336.4:159.953/.955:33.067 intellectual capital stopnja razkritja intelektualnega kapitala gospodarstvo revidiranje intellectual capital disclosure cost of debt cena dolgov private organisations |
| Zdroj: | Naše gospodarstvo, vol. 63, no. 4, pp. 3-16, 2017. |
| ISSN: | 0547-3101 |
| Popis: | The existing empirical research into the association between intellectual capital disclosures by organisations and the cost of debt is scarce or is based solely on the samples of the (large) listed organisations. Since agency issues between management/owners and lenders exist also in (large) private organisations whose financing is greatly dependent on loans and whose audited annual reports can be a source of additional information for external users, we performed an empirical research to find the answer to the question whether the level of intellectual capital disclosure (as a whole and of its sub-categories) of organisations is associated with the cost of their debt capital. Our study was performed on a sample of private Slovenian organisations with audited annual reports. The results of our research did not reveal that lenders would take into account intellectual capital disclosures by Slovenian private audited organisations as the information about the potential for their future cash flows when deciding on the cost of debt issued to these organisations. Dosedanje empirične raziskave, ki so preverjale povezave med razkritji o intelektualnem kapitalu organizacij in ceno njihovih dolgov, so zelo redke oziroma so izvedene izključno na vzorcu (velikih) organizacij, ki kotirajo na borzi. Ker lahko agencijski problem obstaja med poslovodstvom/lastniki in posojilodajalci tudi v takšnih (večjih) privatnih organizacijah, katerih financiranje je v veliki meri odvisno od posojil in katerih revidirana letna poročila lahko predstavljajo vir dodatnih informacij za zunanje uporabnike, smo s predmetno empirično raziskavo iskali odgovor na vprašanje, ali je stopnja razkritij o intelektualnem kapitalu ter njegovih sestavinah povezana s ceno dolgov, na primeru vzorca privatnih slovenskih organizacij z revidiranimi letnimi poročili. Rezultati raziskave niso pokazali, da bi posojilodajalci pri določanju cene dolgov slovenskim privatnim revidiranim organizacijam upoštevali razkritja o njihovem intelektualnem kapitalu kot informacijo o potencialu za njihove bodoče denarne tokove. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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