The Impact of Market and Corporate Governance
Factors. Intellectual capital disclosure (ICD)
in corporate annual reports has received growing
European attention. To date, few studies have
undertaken systematic analysis of the factors
influencing the decision to disclose
Intellectual Captial (IC) related information in
annual reports. The purpose of this paper is to
examine whether the level of hidden value
(market-to-book ratio), share price volatility,
listing age, board composition, ownership
structure, audit committee size and directors’
shareholding, in addition to other firmspecific
factors influence ICD in 100 UK listed
knowledge-rich firms. 2007. pdf
