Open AccessAn Examination of The Impact of Firm Size and Age On Managerial Disclosure of Intellectual Capital By High-Tech Companies
Author(s) -
Blaise M. Sonnier,
Kerry D. Carson,
Paula Phillips Carson
Publication year - 1970
Publication title -
journal of business strategies
Language(s) - English
Resource type - Journals
eISSN - 2162-6901
pISSN - 0887-2058
DOI - 10.54155/jbs.26.2.167-190
Subject(s) - intellectual capital , business , sample (material) , high tech , longitudinal sample , accounting , marketing , demographic economics , economics , finance , psychology , law , developmental psychology , chemistry , chromatography , political science
A sample of 143 high-technology firms was examined to determine if therewere inverse relationships between the size and age of companies and their levelof intellectual capital disclosure. Weak inverse relationships were found betweennumber of employees and level of disclosure and between total assets and levelof disclosure. There was, however, a significant inverse relationship between firmage and level of disclosure. Multivariate regression provided support that firm agewas a significant predictor of level of intellectual capital disclosure. It appears thatyoung companies use increased disclosure to signal to the market their real valueand prospects.