The Disclosure of Recognised and Unrecognised Intangibles: Evidence from New Zealand

IF 3.1 3区 管理学 Q2 BUSINESS, FINANCE
Laura Mehnaz, Tom Scott, Zeting Zang
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引用次数: 0

Abstract

We examine the reporting of intangible assets and the disclosures on intellectual capital activities by listed companies and public benefit entities in New Zealand and assess the usefulness of these disclosures. Comparing trends in intangible asset disclosure frequency, we note that the most common is capitalised software costs, followed by goodwill. For intellectual capital, we find that qualitative disclosures are more prevalent than quantitative, with disclosure on relational capital being the most frequent. In addition, we find that intangible assets are value relevant, and more intellectual capital disclosures increase the value relevance of goodwill. Finally, we consider intangible reporting by public benefit entities and show that while the rate of intangibles capitalised is similar, they are of less relative economic importance. Overall, our findings provide evidence of divergence in intangible categorisation practice, highlight the absence of reporting digital technologies and call for improved disclosure criteria for recognised and unrecognised intangibles.
已确认和未确认无形资产的披露:新西兰的证据
我们研究了新西兰上市公司和公益实体的无形资产报告和知识资本活动披露情况,并评估了这些披露的有用性。比较无形资产披露频率的趋势,我们发现最常见的是资本化软件成本,其次是商誉。在知识资本方面,我们发现定性披露比定量披露更为普遍,其中关系资本的披露最为频繁。此外,我们发现无形资产与价值相关,更多的智力资本披露会提高商誉的价值相关性。最后,我们考虑了公益实体的无形资产报告,结果表明,虽然无形资产的资本化率相似,但其相对经济重要性较低。总之,我们的研究结果提供了无形资产分类实践中存在分歧的证据,强调了数字技术报告的缺失,并呼吁改进已确认和未确认无形资产的披露标准。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
Australian Accounting Review
Australian Accounting Review BUSINESS, FINANCE-
CiteScore
6.30
自引率
17.60%
发文量
31
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