financeФинансы: теория и практика/Finance: Theory and PracticeFinance: Theory and Practice2587-56712587-7089Financial University under The Government of Russian Federation10.26794/2587-5671-2022-26-5-49-59finance-1804Research ArticleФИНАНСОВЫЙ МЕНЕДЖМЕНТFINANCIAL MANAGEMENTВлияние размера фирмы, левериджа и прибыльности на уровень раскрытия информации об интеллектуальном капиталеThe impact of Firm size, leverage, and Profitability on the Disclosure level of intellectual capitalhttps://orcid.org/0000-0003-1861-3748СингалС.SinghalS.

Сумья Сингал — научный сотрудник; доцент

Нойда, Уттар-Прадеш

Дварка

Soumya Singhal — Research Scholar; Assist. Prof.

Noida, Uttar Pradesh

Dwarka

soumya_singhal@yahoo.comГуптаС.GuptaS.

Сима Гупта — доктор философии по экономике, профессор, Колледж торговли и финансов

Нойда, Уттар-Прадеш

Seema Gupta — PhD in finance, Professor, Amity College of Commerce and Finance

Noida, Uttar Pradesh

sgupta18@amity.eduhttps://orcid.org/0000-0001-6557-1697ГуптаВ. К.GuptaV. K.

Виджай Кумар Гупта —  доктор философии по экономике, профессор

Индор, Мадхья-Прадеш

Vijay K. Gupta —  PhD, Professor

Indore, Madhya Pradesh

vkgupta@iimidr.ac.inУниверситет Амити; Тринити-Институт профессиональных исследованийИндияAmity University; Trinity Institute of Professional StudiesIndiaУниверситет АмитиИндияAmity UniversityIndiaИндийский институт менеджментаИндияIndian Institute of ManagementIndia2022081120222654959Copyright © Сингал С., Гупта С., Гупта В.К., 20222022Сингал С., Гупта С., Гупта В.К.Singhal S., Gupta S., Gupta V.K.Данная работа распространяется под лицензией Creative Commons Attribution 4.0.This work is licensed under a Creative Commons Attribution 4.0 License.https://financetp.fa.ru/jour/article/view/1804

Трансформация экономики, основанной на производстве, в экономику знаний повысила актуальность интеллектуального капитала (ИК). С появлением системы интегрированной отчетности корпорации начали представлять информацию об интеллектуальном капитале в годовых отчетах и отчетах об ответственности бизнеса.

Цель исследования —  установить взаимосвязь между раскрытием информации об ИК (ICD) и такими переменными, как размер фирмы, леверидж и прибыльность компании. Для поиска взаимосвязи была взята выборка из 30 нефинансовых фирм, зарегистрированных на Бомбейской фондовой бирже, за три года —  2018–2020 гг.

Сделан вывод, что размер фирмы положительно влияет на раскрытие СК. Показано, что средние и малые фирмы раскрывают меньше информации, связанной с интеллектуальным капиталом, чем крупные корпорации. Однако леверидж отрицательно влияет на раскрытие информации об ИК. Это справедливо, поскольку при более высоком леверидже раскрытие информации будет низким, так как инвесторы не захотят вкладывать средства в организацию. Чтобы привлечь инвестиции, организации не будут раскрывать уровень долга. Влияние прибыльности на ИКД отсутствует. Авторы считают, что правительство должно распространять информацию о раскрытии интеллектуального капитала на макроуровне и обучать сотрудников и руководство компаний всех размеров повышать уровень раскрытия этой информации.

The transformation of the economy from a production-based economy to a knowledge economy has increased the relevance of Intellectual Capital (IC). With the emergence of the Integrated reporting framework, the corporates have started reporting intellectual capital in annual reports, business responsibility reports.

The present study aims to examine the relationship between the IC disclosure (ICD) and variables like Firm Size, Leverage, and Company Profitability. To find the relationship, a sample of 30 Bombay stock exchange-listed non-financial firms have been taken into consideration for three years, 2018–2020.

he study concludes that firm size positively impacts the disclosure of IC. It can be inferred that the medium and small firms will not disclose much information related to Intellectual capital than large corporations. However, leverage negatively affects the disclosure of IC. It is rightly supported as higher the leverage; low disclosure will be there as investors wouldn’t be willing to invest in the organization. To attract investments, organizations wouldn’t disclosure the debt level. There is no influence of profitability on the ICD. The authors believe that the government should spread awareness about the disclosure of Intellectual Capital at the macro level and train the employees and management at all levels and sizes to increase the disclosure level. 

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The authors declare that there are no conflicts of interest present.