The effect of audit committee characteristics on intellectual capital disclosure

Jing Li, Musa Mangena and Richard Pike

The British Accounting Review, 2012, vol. 44, issue 2, 98-110

Abstract: This paper, using data from 100 UK listed firms, investigates the relationship between audit committee characteristics and intellectual capital (IC) disclosure. We find that overall IC disclosure is positively associated with audit committee characteristics such as the size and frequency of meetings, and negatively associated with audit committee directors' shareholding. We find no significant relationship between IC disclosure and audit committee independence and financial expertise. We also observe that the association between audit committee characteristics and IC disclosure varies with the IC components (i.e. human capital, structural capital and relational capital), suggesting that the underlying factors that drive various components of IC disclosure are different. These results have important implications for policy-makers in that they confirm that the effectiveness of audit committees in the corporate reporting processes is a function of certain characteristics.

Keywords: Audit committee characteristics; Corporate governance; Corporate reporting; Intellectual capital disclosure (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (48)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:bracre:v:44:y:2012:i:2:p:98-110

DOI: 10.1016/j.bar.2012.03.003

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