Antecedents and Consequences of Disclosure of Information Concerning Intangible Capital: Application to Swiss Companies
This article examines the reasons for the disclosure of information on intangible capital (DIIC) and its consequences on the performance of Swiss firms. Our study uses a structural approach based on the PLS-PM method. Our empirical results show that the different dimensions of governance and financial structure significantly influence DIIC. Second, DIIC's practices increase the market performance of firms and, to a lesser extent, their accounting performance. Finally, this approach identifies a double impact, direct and indirect (through the DIIC), of governance on financial performance.