Zahn, J-L.W. Mitchell Van der; Singh, Inderpal - In: International Journal of Accounting, Auditing and … 4 (2007) 4/5, pp. 443-477
This study examines the association between first-day returns and intellectual capital (IC) disclosure. Due to valuation difficulties, lower regulatory disclosure control and intangible properties underlying IC, we propose in the absence of sufficient disclosure ex ante uncertainty surrounding...