Authors: Amina Mohammed Buallay; Allam Mohammed Mousa Hamdan; Qasim Zureigat; Esra Saleh Al Dhaen
Addresses: Brunel University, London, UK ' Accounting and Economics Department, Ahlia University, Manama, Bahrain ' Sulaiman AlRajhi School of Business, Sulaiman AlRajhi Colleges, AlQassim, Saudi Arabia ' Management and Marketing Department, Ahlia University, Manama, Bahrain
Abstract: This study examined the relationship between voluntary disclosures (VD) and intellectual capital (IC) efficiency. The independent variables constitute 12 VD self-constructed indices with total 55 disclosure items. HCE, SCE and CEE form the components of the dependent variable which is IC efficiency. Four control variables used for measuring the relationship between VD and IC. A pooled data of 150 observations from Bahrain listed firms for the period 2011-2015 was examined, a multiple regression model was incorporated under random-effect method. The analysis indicates that disclosure index of corporate information is the highest 89.3% whereas the annual report disclosure index ranked Bahraini firms the lowest disclosure with 57.1%. The findings revealed VD positively affect the components of IC. VD indices found to be higher with firm's big assets/older age. General corporate information/financial indexes found higher in younger firms. It was found more VD the higher IC Efficiency since VDI found to be significant in all models.
Keywords: HCE; human capital efficiency; SCE; structural capital efficiency; CEE; capital employed efficiency; VD; voluntary disclosure; IC; intellectual capital; Kingdom of Bahrain.
International Journal of Learning and Intellectual Capital, 2019 Vol.16 No.2, pp.145 - 179
Received: 13 Feb 2018
Accepted: 18 Jun 2018
Published online: 15 Feb 2019 *