Impact of corporate attributes on disclosure of intangible assets: A study of selected Indian Companies Dr. Pandya Hemal*, Ms. Jain Ankita** *Associate Professor, S.D. School of Commerce, Gujarat University, Ahmedabad-380015, Gujarat, India **Associate Professor, Knowledge Academy Fountainhead, Ahmedabad-380015, Gujarat, India Online published on 28 January, 2015. Abstract At the beginning of the 21st century, the role of intangibles as value and growth creators is accepted among economists, investors and managers. Furthermore, there is general agreement that traditional (accounting-based) information systems are not able to provide adequate information about corporate intangible assets and their economic impact. This causes abnormally high volatility of stock prices, which results in undue losses to investors and misallocation of resources in capital markets. As a consequence, intangible-intensive enterprises are confronted with excessive cost of capital, hindering their investment and growth. In addition, with the lack of information about the largest part of corporate assets, the risk managerial decision making increases. Because corporate outsiders have even less access to such information, the resulting information imbalance can lead to excessive trading gains to corporate insiders, destroying investors’ confidence. This creates a need for assessing the relationship between the intangible assets and the financial performance of the Corporate. Hence, an attempt is made to evaluate the impact of financial attributes on the extent of disclosure of Intangible Assets, as measured by disclosure index, for Indian Corporate. The study attempts to examine the effect of corporate attributes such as profitability, Leverage, Firm size and Industry type on the disclosure of intangible assets thereby framing the research hypothesis: “ Firms with better financial performance disclose their intangibles to a larger extent”. Top Keywords Intangible Assets, Disclosure Index, Company Attributes, Stepwise Multiple Regression Analysis. Top |