Intellectual Capital Statements on Their Way to the Stock Exchange: Analyzing New Reporting Systems

Christian Nielsen, Per Nikolaj Bukh, Jan Mouritsen, Mette Rosenkrands Johansen, Peter Gormsen

Publikation: Bidrag til tidsskriftTidsskriftartikelForskningpeer review

Abstract

Purpose – The purpose of this paper is to propose and illustrate the use of a set of rules to make an analytical reading of the indicators of an intellectual capital statement possible.
Design/methodology/approach – The paper proposes a model to analyze intellectual capital statements and applies this model to an intellectual capital statement and an IPO prospectus, as these two reporting forms are suggested to be similar. Thus, they are analyzed using the same methodology.
Findings – The paper demonstrates that it is possible to analyze prospectuses and intellectual capital statements systematically and even to compare companies on that basis. Since IPOs are often already part of the capital market's information, the similarities between reading IPOs and intellectual capital statement suggest that intellectual capital statements convey company‐specific information relevant for financial analysts.
Practical implications – The paper presents an analytical model which can be used generally in the analysis of the intellectual capital statement and IPO prospectuses.
Originality/value – The paper demonstrates the similarities between an intellectual capital report and an IPO prospectus. Further, the paper demonstrates the use of a theoretically anchored and practical, useful model for analysing disclosure in the narrative part of a financial report.
OriginalsprogEngelsk
TidsskriftJournal of Intellectual Capital
Vol/bind7
Udgave nummer2
Sider (fra-til)221-240
Antal sider20
ISSN1469-1930
DOI
StatusUdgivet - 2006

Emneord

  • Årsregnskaber
  • Intellektuel kapital
  • Videnregnskaber
  • Regnskabsanalyse
  • Danmark

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