How does intellectual capital disclosure affect the cost of capital? Conclusions from two decades of research
How does intellectual capital disclosure affect the cost of capital? Conclusions from two decades of research
The Corporate Social Responsibility (CSR)/ (Environmental, Social and Corporate Governance (ESG) reports (43%) and annual reports (39%) were the most often utilized IC data sources, followed by corporate websites disclosures (15%). A minority of the studies (4%) used integrated reports, IPO prospectuses, and reports dedicated solely to the IC. This paper has a twofold contribution: first, it provides a valuable insight for regulators, practitioners and stock market analysts into the role of IC d