The intangibles: emergence, recognition and financial performance: a study of the Tunisian Stock Exchange

Mohamed Aymen Baklouti, Wassim Jamoussi and Habib Affes

International Journal of Managerial and Financial Accounting, 2010, vol. 2, issue 4, 327-343

Abstract: The present research raises the question of the intangible-related accounting information utility. Using a sample of 24 firms quoted on the Tunisian Stock Exchange (TSE), this study aims to clarify the links between the intangibles and the financial performance while distinguishing between the various components of the intellectual capital, on the one hand, and challenging the accounting standards and practices on the other. The period of this study is spread out over four years (2001-2004). The results of the study show that the intangibles have a positive and significant direct effect on the financial performance of the quoted Tunisian firms. However, the indirect impact tested through the accounting earning proves to be insignificant. This result can be explained by the ignorance of the Tunisian accounting system about some intangibles.

Keywords: intellectual capital; accounting treatment; financial performance; accounting earning; Tunisia; Tunis Stock Exchange; intangible information; accounting information; intangibles. (search for similar items in EconPapers)
Date: 2010
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