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Intellectual capital disclosure of Hungarian and Czech Listed firms

Author

Listed:
  • Edit Lippai-Makra
  • Zsolt Rádóczi
  • Zsuzsanna Ilona Kovács

Abstract

The purpose of this paper is to investigate the level of intellectual capital (IC) disclosure of the largest Czech and Hungarian listed firms. We apply content analysis of the annual statements and measure IC disclosure by a score. We hypothesize that a significant positive relationship exists between IC disclosure score and such firm-specific financial factors as company size, profitability, book value of intangibles and trade volume. The results of the regression model indicate that among the chosen independent variables, capitalized intangibles and profitability have a significant impact. Another contribution of the paper is the comparison of the two aforementioned Central European countries, which can serve as a basis for future research about the reporting culture of the region.

Suggested Citation

  • Edit Lippai-Makra & Zsolt Rádóczi & Zsuzsanna Ilona Kovács, 2019. "Intellectual capital disclosure of Hungarian and Czech Listed firms," European Financial and Accounting Journal, Prague University of Economics and Business, vol. 2019(3), pages 43-59.
    • Handle: RePEc:prg:jnlefa:v:2019:y:2019:i:3:id:229:p:43-59
    DOI: 10.18267/j.efaj.229
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    References listed on IDEAS

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    4. Kang, Helen H. & Gray, Sidney J., 2011. "Reporting intangible assets: Voluntary disclosure practices of top emerging market companies," The International Journal of Accounting, Elsevier, vol. 46(4), pages 402-423.
    5. Jing Li & Richard Pike & Roszaini Haniffa, 2008. "Intellectual capital disclosure and corporate governance structure in UK firms," Accounting and Business Research, Taylor & Francis Journals, vol. 38(2), pages 137-159.
    6. Nadia Albu & Cătălin Nicolae Albu & Andrei Filip, 2017. "Corporate Reporting in Central and Eastern Europe: Issues, Challenges and Research Opportunities," Accounting in Europe, Taylor & Francis Journals, vol. 14(3), pages 249-260, September.
    7. Máté Csiki & Gábor Dávid Kiss, 2018. "Capital Market Contagion in the Stock Markets of Visegrád Countries Based on the Heckman Selection Model," Financial and Economic Review, Magyar Nemzeti Bank (Central Bank of Hungary), vol. 17(4), pages 23-52.
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    Cited by:

    1. Mészáros Mercédesz & Kiss Gábor Dávid, 2020. "Spillover effects of unconventional monetary policy on capital markets in the shadow of the Eurozone: A sample of non-Eurozone countries," Review of Economic Perspectives, Sciendo, vol. 20(2), pages 171-195, June.

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    More about this item

    Keywords

    intellectual capital; voluntary disclosure; content analysis;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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