Determinants of intangible assets disclosure in quoted companies in Nigeria

This study examined the determinants of voluntary disclosure of intangible assets by quoted companies in Nigeria. A disclosure index, based on the modified Value Chain Scoreboard (VCSB), was constructed to measure the dependent variables in four (4) models. The VCSB is intended to inform both the ma...

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Main Authors:	Ibadin, Peter Okoeguale, Oladipupo, Olugoke Adesina
Format:	Article
Language:	English
Published:	FEP 2015
Online Access:	http://journalarticle.ukm.my/9582/ http://journalarticle.ukm.my/9582/ http://journalarticle.ukm.my/9582/1/12171-33172-1-PB.pdf

id	ukm-9582
recordtype	eprints
spelling	ukm-95822016-12-14T06:50:22Z http://journalarticle.ukm.my/9582/ Determinants of intangible assets disclosure in quoted companies in Nigeria Ibadin, Peter Okoeguale Oladipupo, Olugoke Adesina This study examined the determinants of voluntary disclosure of intangible assets by quoted companies in Nigeria. A disclosure index, based on the modified Value Chain Scoreboard (VCSB), was constructed to measure the dependent variables in four (4) models. The VCSB is intended to inform both the manager and investors about the company’s innovational activities with emphasis on investment in intangible assets and their transformation to tangible results. The VCSB is described as a matrix of non-financial indicators arranged in three categories according to the circle of development (Lev 2001). The pooled and panel data, sourced from the annual reports and accounts of one hundred and fifty-seven (157) quoted companies for six (6) years from 2005 to 2010 were used. The Fixed Effects model was chosen for analysis of data. The findings revealed that Age of Company (AGEC) had a positive and significant influence on all classes of voluntary disclosures. Size of Audit Firm (SIZA) was positively and significantly related to overall voluntary disclosure of intellectual capital assets (VDIAOV), while the least disclosed class of intangible assets was voluntary disclosure of intangible assets relating to implementation (VDIAIM); and the most disclosed class was VDIACO. Given these findings, the regulatory authorities could grant awards in order to encourage more voluntary disclosure of intellectual capital by companies in relation to implementation since findings revealed that this phase of component is the least disclosed. Additionally, the big-4 audit firms can organize a mandatory continuous professional training as to extend their protocols and techniques in order to encourage more disclosures by companies audited by the non big-4 audit firms. FEP 2015 Article PeerReviewed application/pdf en http://journalarticle.ukm.my/9582/1/12171-33172-1-PB.pdf Ibadin, Peter Okoeguale and Oladipupo, Olugoke Adesina (2015) Determinants of intangible assets disclosure in quoted companies in Nigeria. Asian Journal of Accounting and Governance, 6 . pp. 13-25. ISSN 2180-3838 http://ejournal.ukm.my/ajac/issue/view/748/showToc
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Kebangasaan Malaysia
building	UKM Institutional Repository
collection	Online Access
language	English
description	This study examined the determinants of voluntary disclosure of intangible assets by quoted companies in Nigeria. A disclosure index, based on the modified Value Chain Scoreboard (VCSB), was constructed to measure the dependent variables in four (4) models. The VCSB is intended to inform both the manager and investors about the company’s innovational activities with emphasis on investment in intangible assets and their transformation to tangible results. The VCSB is described as a matrix of non-financial indicators arranged in three categories according to the circle of development (Lev 2001). The pooled and panel data, sourced from the annual reports and accounts of one hundred and fifty-seven (157) quoted companies for six (6) years from 2005 to 2010 were used. The Fixed Effects model was chosen for analysis of data. The findings revealed that Age of Company (AGEC) had a positive and significant influence on all classes of voluntary disclosures. Size of Audit Firm (SIZA) was positively and significantly related to overall voluntary disclosure of intellectual capital assets (VDIAOV), while the least disclosed class of intangible assets was voluntary disclosure of intangible assets relating to implementation (VDIAIM); and the most disclosed class was VDIACO. Given these findings, the regulatory authorities could grant awards in order to encourage more voluntary disclosure of intellectual capital by companies in relation to implementation since findings revealed that this phase of component is the least disclosed. Additionally, the big-4 audit firms can organize a mandatory continuous professional training as to extend their protocols and techniques in order to encourage more disclosures by companies audited by the non big-4 audit firms.
format	Article
author	Ibadin, Peter Okoeguale Oladipupo, Olugoke Adesina
spellingShingle	Ibadin, Peter Okoeguale Oladipupo, Olugoke Adesina Determinants of intangible assets disclosure in quoted companies in Nigeria
author_facet	Ibadin, Peter Okoeguale Oladipupo, Olugoke Adesina
author_sort	Ibadin, Peter Okoeguale
title	Determinants of intangible assets disclosure in quoted companies in Nigeria
title_short	Determinants of intangible assets disclosure in quoted companies in Nigeria
title_full	Determinants of intangible assets disclosure in quoted companies in Nigeria
title_fullStr	Determinants of intangible assets disclosure in quoted companies in Nigeria
title_full_unstemmed	Determinants of intangible assets disclosure in quoted companies in Nigeria
title_sort	determinants of intangible assets disclosure in quoted companies in nigeria
publisher	FEP
publishDate	2015
url	http://journalarticle.ukm.my/9582/ http://journalarticle.ukm.my/9582/ http://journalarticle.ukm.my/9582/1/12171-33172-1-PB.pdf
first_indexed	2023-09-18T19:55:17Z
last_indexed	2023-09-18T19:55:17Z
_version_	1777406488421072896

Determinants of intangible assets disclosure in quoted companies in Nigeria

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