Abstract
Generally, companies have been faced with problem that ranges from non-disclosure to partial disclosure of intangible assets (IAs). This however, distorts the oversight function of the directors of...
Highlights
Voluntary disclosure is a part of corporate disclosure that is discretionary and transcends beyond legal or regulatory mandates (Guthrie & Petty, 2000; Li, Pike & Haniffa, 2015) which is not backed by laws, regulations, and standards
(Kang & Gray, 2006) recorded insignificant relationship between listing age and voluntary disclosure adding that it cannot be explained by the number of years a company has operated from inception
Adopting a cross sectional study for 2011–2018, the empirical findings showed that performance and industry size significantly affect the VD of intangible assets (IAs) in listed companies in Nigeria
Summary
Voluntary disclosure is a part of corporate disclosure that is discretionary and transcends beyond legal or regulatory mandates (Guthrie & Petty, 2000; Li, Pike & Haniffa, 2015) which is not backed by laws, regulations, and standards. The emergence of advancement in science and technol ogy has paved way for the disclosure of intangible assets rather than those that appear on the face of the financial statements (Ngoc & Duke, 2020) This is consequent upon the prevalent era which is driven by knowledge, experiences, skills, technological capabilities, talents, knows how, good customer and supplier relationships that seem to hold more values than tangible resources. Previous literature exposes showed that a lot of studies abound on intangible assets (intellectual capital) dwelling on same variables but having divergent and conflicting empirical results This could be attributable to the absence of a consensus benchmark for measuring the intangible assets (intellectual capital) (Ulum & Jati, 2016; Xu & Wang, 2018) and lack of extant standards, framework and regulations guiding their disclosure in financial reports. The emergence and adoption of IFRS by most countries strengthened the need for corporate disclosures of company’s intangibles assets or resources and assessing the relation ship thereof to the firm characteristics viz a viz their inclusion in the annual reports
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