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Cost–benefit analysis of intellectual capital disclosure: University stakeholders’ view

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  • Ramírez Córcoles, Yolanda
  • Tejada Ponce, Ángel

Abstract

The reporting of intellectual capital in higher education institutions becomes of vital importance mainly due to the fact that knowledge is the main output and input in these institutions. Also, the increasing social concern about establishing procedures of accountability and ensuring information transparency in public universities prompted us to raise the need to disclose information on their intellectual capital. This paper aims to know the main reasons why Spanish universities do not disclose information about their intellectual capital in the current accounting information model and the positive consequences that may result from such disclosure. To this end a questionnaire was designed and sent to all the members of the Social Councils of Spanish public universities. The obtained results show that intellectual capital disclosure results in a higher transparency of the institution, increased user satisfaction and improved credibility, image and reputation of the University, while it is the lack of internal systems of identification and measurement of intangible elements the main reason for not disclosing information on intellectual capital.

Suggested Citation

  • Ramírez Córcoles, Yolanda & Tejada Ponce, Ángel, 2013. "Cost–benefit analysis of intellectual capital disclosure: University stakeholders’ view," Revista de Contabilidad - Spanish Accounting Review, Elsevier, vol. 16(2), pages 106-117.
    • Handle: RePEc:eee:spacre:v:16:y:2013:i:2:p:106-117
    DOI: 10.1016/j.rcsar.2013.07.001
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    References listed on IDEAS

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    1. Ruth Hidalgo & Emma García-Meca & Isabel Martínez, 2011. "Corporate Governance and Intellectual Capital Disclosure," Journal of Business Ethics, Springer, vol. 100(3), pages 483-495, May.
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    3. Meer-Kooistra, Jeltje van der & Zijlstra, Siebren M., 2001. "Reporting on intellectual capital," Research Report 01E50, University of Groningen, Research Institute SOM (Systems, Organisations and Management).
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    5. Emma Garcia-meca & Isabel Parra & Manuel Larran & Isabel Martinez, 2005. "The explanatory factors of intellectual capital disclosure to financial analysts," European Accounting Review, Taylor & Francis Journals, vol. 14(1), pages 63-94.
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Intellectual capital; Cost–benefit analysis; Disclosure; Universities; Spain; Capital intelectual; Análisis coste-beneficio; Divulgación; Universidades; España;
    All these keywords.

    JEL classification:

    • I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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