TY - GEN

T1 - Intellectual Capital Disclosure in IPO Prospectuses: Evidence From Technology Companies Listed on NASDAQ

AU - Garanina, Tatiana

AU - Manuilova, Alexandra

PY - 2013

Y1 - 2013

N2 - There is quite a number of papers, concerning Intellectual Capital itself, research on why the company should disclose the information on Intellectual Capital (IC), in which way, who is the target audience and why this information is of interest to participants of stock market. Mainly research covers official annual reporting and separate IC Statements. Much less time and attention was dedicated to IPO prospectuses IC information disclosure and even less to post-issue stock performance in connection to the disclosure. This paper extends this line of investigation. It follows the existing research conducted by Singh and Van der Zahn (2009) in the index chosen and time of observation. Although, while the academics were concentrating on Singapore exchange, the focus of this paper are the IPOs of Technology companies on NASDAQ before and after the crisis 2008. Findings from this study provide a broader, long-term image of the potential consequences of Intellectual Capital disclosure in IPO prospectuses and share

AB - There is quite a number of papers, concerning Intellectual Capital itself, research on why the company should disclose the information on Intellectual Capital (IC), in which way, who is the target audience and why this information is of interest to participants of stock market. Mainly research covers official annual reporting and separate IC Statements. Much less time and attention was dedicated to IPO prospectuses IC information disclosure and even less to post-issue stock performance in connection to the disclosure. This paper extends this line of investigation. It follows the existing research conducted by Singh and Van der Zahn (2009) in the index chosen and time of observation. Although, while the academics were concentrating on Singapore exchange, the focus of this paper are the IPOs of Technology companies on NASDAQ before and after the crisis 2008. Findings from this study provide a broader, long-term image of the potential consequences of Intellectual Capital disclosure in IPO prospectuses and share

KW - intellectual capital

KW - initial public offering (IPO)

KW - intellectual capital information disclosure

KW - NASDAQ

KW - technology companies

KW - IPO prospectus

U2 - 000342671500020

DO - 000342671500020

M3 - Conference contribution

SN - 978-1-909507-79-1

SP - 166

EP - 176

BT - Proceedings of the International Conference on Intellectual Capital Knowledge Management & Organizational Learning

PB - Academic Conferences and Publishing International Limited

ER -