Abstract
The purpose of this paper is to examine the effect of firm’s characteristics (family vs. non- family firms) on disclosure behaviour regarding intellectual capital. The sample is composed of 201 firms from Amman Stock Exchange in 2018. First, this study differentiates three categories of intellectual capital: structural capital, relational capital, and human capital. Second, it examines the influence of the size, the profitability, the leverage, and the industry on the importance of intellectual capital disclosure. The study shows that family firms disclose more intellectual capital information than non- family firms. The results also show that the industry and the size have a significant and positive influence, that profitability and the leverage have a significant and negative influence on capital intellectual disclosure. Furthermore, Jordan family firms seem to disclose more about intellectual capital than Jordan non-family firms do.
Highlights
In the new knowledge economy, wealth is created through the development and management of intellectual capital (IC) (Ricceri and Guthrie, 2009; Hayes and Schaefer,1999; Stewart, 1997)
The variables are defined as follows: ICDSCORE: disclosure score on the IC, HUCSCORE: human capital disclosure score, STRUSCORE: disclosure score on structural capital, RECSCORE: disclosure score on relational capital, SIZE: logarithm of the total asset, PERF: performance measured by Return on Investment (ROI), RDEBT: debt ratio SKBS: 1 if the company belongs to the knowledge-intensive sector and 0 if not
The objective of this research is to study the determinants of the level of voluntary disclosure of IC information in the reference documents of family and non-family companies listed on the Amman Stock Exchange in Jordan
Summary
In the new knowledge economy, wealth is created through the development and management of intellectual capital (IC) (Ricceri and Guthrie, 2009; Hayes and Schaefer,1999; Stewart, 1997). (Ricceri and Guthrie, 2009; Hayes and Schaefer, 1999; Stewart, 1997) These intangible resources, known as CIs, are essential to the creation of a company, and are essential to the creation of a new business. No articles dealing with the voluntary disclosure of intellectual capital information by family businesses were identified. It seeks to demonstrate that there are differences in the disclosure of IC information between family-owned and nonfamily businesses To this end, we have chosen to analyze the case of companies listed on the Amman Stock Exchange in Jordan for the year 2018
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