Intangibles disclosure, market performance and business reputation – the case of Spain Online publication date: Sat, 21-Jun-2008
by Josune Saenz, Juan V. Gomez
International Journal of Learning and Intellectual Capital (IJLIC), Vol. 5, No. 1, 2008
Abstract: The aim of this paper is to analyse from an evolutionary point of view the degree of disclosure of information regarding intangibles of Spanish companies listed on the Stock Exchange. In addition, the paper explores the reasons which lead companies towards greater transparency and the effects this has on share market value and business reputation. All kinds of annual reports issued by 43 listed Spanish companies have been examined for the period of 2001–2003. With respect to previous studies, an improved classification of intangibles has been used and several refinements have been made in the way of scoring the amount of information disclosed. The research shows that information transparency regarding intangibles is clearly on the rise. No type of significant link has been noted between transparency and share market value, but a positive and significant link has been detected between the degree of intangibles disclosure and corporate reputation.
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Learning and Intellectual Capital (IJLIC):
Login with your Inderscience username and password:
Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.
If you still need assistance, please email subs@inderscience.com
Our Blog 
Follow us on Twitter 
Visit us on Facebook