... Publishing Limited Licensed re-use rights only This study contributes to intellectual capital (IC) disclosure research. Focussing on reducing the information asymmetry associated with agency theory, the purpose of this paper is to investigate the extent to which managers and owners disclose IC...

... in the biotechnology sector for analysts and investors who wish to value such firms. H1a. Firms with high intellectual capital disclosure should have higher analyst following/coverage relative to firms with less intellectual capital disclosure. However, reduction in information asymmetries as a result...