Purpose The purpose of this paper is to study the influences of corporate governance on intellectual capital disclosures in chief executive officers’ (CEOs’) statements in annual reports. Design/methodology/approach Index score, word count and overall tone of CEOs’ intellectual capital disclosures are calculated to represent the extent, amount and tone of these disclosures, respectively. With a sample of 78 FTSE 100 companies, this paper uses content analysis and empirical analysis to examine the impacts of board size, board composition and shares concentration on the above three measures of CEOs’ intellectual capital disclosures, controlling for company size, profitability and leverage ratio. Findings Empirical results demonstrate a significant positive relationship between board composition and the extent, amount and tone of CEOs’ intellectual capital disclosures and a significant negative relationship between shares concentration and the amount of these disclosures. Originality/value This paper focuses on the impacts of corporate governance on CEOs’ intellectual capital disclosures. It also groundbreakingly measures the tone of CEOs’ disclosures.

中文翻译：

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CEO声明中的公司治理和智力资本披露

目的本文的目的是研究公司治理对年度报告中首席执行官（CEO）声明中智力资本披露的影响。设计/方法/方法指数得分，首席执行官的智力资本披露的字数和总体语气分别表示这些披露的程度，数量和语气。本文通过对78家富时100强公司的样本进行内容分析和实证分析，以考察董事会规模，董事会组成和股权集中度对以上三种CEO智力资本披露，衡量公司规模，盈利能力和杠杆率的影响比率。调查结果实证结果表明，董事会组成和程度之间存在显着的正相关关系，首席执行官的智力资本披露的数量和基调，以及股票集中度和披露数量之间的显着负相关关系。原创性/价值本文着重于公司治理对首席执行官的智力资本披露的影响。它还开创性地衡量了CEO披露的基调。