Informativeness of intangible assets voluntary disclosure: effects on Italian financial market
Journal title FINANCIAL REPORTING
Author/s Carmela Rizza, Angela M. Greco, Davide Rizzotti
Publishing Year 2011 Issue 2011/2 Language Italian
Pages 23 P. 9-31 File size 728 KB
DOI 10.3280/FR2011-002002
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Scholars have investigated the effects of intangible assets (IA) voluntary disclosure on investors’ evaluations, without considering both the Italian context peculiarities and the different modalities of disclosure. This paper aims to verify the weight assigned by the Italian financial market to the IA disclosure and how this weight is influenced by the way IA disclosure is done. To reach these objectives it was conducted an empirical analysis of financial data and documents of the firms listed in the Italian Stock Exchange over a ten year period (1998-2008). Results show that Italian market reaction is mainly influenced by the tool of IA disclosure used.
Keywords: Voluntary disclosure, financial market, informativeness, intangible assets, capitalization, investors
- Non-Fungible Token valuation: State of the art and future insight Paola Paoloni, Giuseppe Modaffari, Martina Manzo, in FINANCIAL REPORTING 2/2023 pp.39
DOI: 10.3280/FR2023-002002
Carmela Rizza, Angela M. Greco, Davide Rizzotti, Capacità informativa della disclosure volontaria sulle risorse intangibili: effetti sul mercato finanziario italiano in "FINANCIAL REPORTING" 2/2011, pp 9-31, DOI: 10.3280/FR2011-002002