Utilize este identificador para referenciar este registo: http://hdl.handle.net/1822/334

TítuloThe measurement and financial reporting of intellectual capital by portuguese listed companies
Autor(es)Rodrigues, Lúcia Lima
Oliveira, Lídia
Palavras-chaveFinancial Reporting
Intangibles
Intellectual Capital
Portugal
Standards
Accounting
DataNov-2002
EditoraUniversidade do minho. Núcleo de Estudos em Gestão (NEGE)
Resumo(s)Conventional financial statements fail to recognise many intangible assets (such as human resources and customer relationships). As a consequence, they are at risk of losing their relevance as a helpful investment decision instruments. Although the Financial Accounting Standards Board (FASB) has recommended voluntary disclosure of unrecognised intangibles and the International Accounting Standards Board (IASB) has considered it essential that narrative reporting of intangibles should supplement financial statements, ways of addressing the issue are underdeveloped in Portugal. This paper seeks to redress that state by analysing the issue in the context of Portuguese Accounting Standards. We explore whether the Portuguese security market values intellectual capital and use our results to assess whether Portuguese financial statements are losing their relevance. We find that Portuguese accounting standards, based on accounting conservatism, give little attention to intangibles. Despite this, unrecognised intangibles seem to be increasing. Between 1995 and 1999, the market to book value ratio (MV/BV) of listed Portuguese companies increased, particularly in high technology and services companies. Whereas Intellectual Capital seems to be an important component of the market value of listed Portuguese companies, reporting practices are random and are based mainly on narrative.
TipoworkingPaper
URIhttp://hdl.handle.net/1822/334
AcessoopenAccess
Aparece nas coleções:NEGE - Working Papers (Documentos de Trabalho)
iMARKE - Documentos de Trabalho / Working Papers

Ficheiros deste registo:
Ficheiro Descrição TamanhoFormato 
luciarodrigues4.pdf1,42 MBAdobe PDFVer/Abrir

Partilhe no FacebookPartilhe no TwitterPartilhe no DeliciousPartilhe no LinkedInPartilhe no DiggAdicionar ao Google BookmarksPartilhe no MySpacePartilhe no Orkut
Exporte no formato BibTex mendeley Exporte no formato Endnote Adicione ao seu Currículo DeGóis