Adequacy Degree between Supply and Demand for Intellectual Capital Information in the Annual Reports in an Emerging Country: The Tunisian Case
- *Corresponding Author:
- Jihene Ferchichi
Department of Accounting and Finance
Faculty of Economic Sciences and Management of Tunis
University of Tunis El Manar, Tunisia
Tel: (+216) 20 297 277
E-mail: [email protected]
Received Date: June 29, 2016; Accepted Date: July 14, 2016; Published Date: July 15, 2016
Citation: Ferchichi J, Robert (2016) Adequacy Degree between Supply and Demand for Intellectual Capital Information in the Annual Reports in an Emerging Country: The Tunisian Case. Int J Econ Manag Sci 5: 360. doi:10.4172/2162-6359.1000360
Copyright: © 2016 Ferchichi J, et al. This is an open-access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.
In the setting of this paper, we compare the usefulness perception of 42 items of voluntary information on intellectual capital of 22 Tunisian financial analysts and portfolios managers with the degree of their disclosure in the annual reports of 50 firms listed on the Stock Exchange Securities of Tunisia. The analysis is led on the primary data extracted from a survey and from secondary data extracted from annual reports. Given the purpose of our study, we developed a weighted disclosure index comparing the supply of information on intellectual capital in annual reports and user’s demand.
Results highlight the existence of an important gap between the supply and the demand of voluntary information on intellectual capital. More specifically, the offer of the majority of information diverges completely with their demand by the Tunisian financial market.