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Enhancing Firm Value Through Intellectual Capital Disclosure: Insights from Indian Knowledge-based and Traditional Manufacturing Firms

Mitra Goswami & Santi Gopal Maji

Journal of Creating Value2025https://doi.org/10.1177/23949643251337517article
AJG 1ABDC C
Weight
0.50

What the paper says

This study empirically examines the impact of intellectual capital disclosure (ICD) on firm value and aims to correct the misapprehension that intellectual capital (IC) is vital only for the knowledge-based sector. Using a comprehensive ICD framework, the annual reports of 76 listed Indian firms were analyzed over a period of 10 years from 2010–2011 to 2019–2020. Firm value was measured using market capitalization, and the findings from the pooled ordinary least squares model indicate a significant positive relationship between ICD and firm value in both knowledge-intensive and traditional manufacturing sectors. These results highlight the broader relevance of IC transparency in enhancing market valuation of two distinct sectors: knowledge-driven and physical capital-intensive firms. Additionally, the findings demonstrate that investors value ICD, underscoring the importance of greater transparency in corporate reporting to strengthen investor confidence and drive firm performance.

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https://doi.org/https://doi.org/10.1177/23949643251337517

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@article{mitra2025,
  title        = {{Enhancing Firm Value Through Intellectual Capital Disclosure: Insights from Indian Knowledge-based and Traditional Manufacturing Firms}},
  author       = {Mitra Goswami & Santi Gopal Maji},
  journal      = {Journal of Creating Value},
  year         = {2025},
  doi          = {https://doi.org/https://doi.org/10.1177/23949643251337517},
}

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Evidence weight

0.50

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.50 × 0.4 = 0.20
M · momentum0.50 × 0.15 = 0.07
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.