Research On The Disclosure Problem Of Intellectual Capital Information

With the development of science and technology and economic globalization, we welcome the knowledge economy. In the era, the enterprise does not only regard the pure natural resources or financial capital as the enterprise only important competition resources, but regard knowledge, a new strategic resource as competitive advantage in enterprises. Knowledge is gradually replacing traditional elements, such as capital, labor and land in enterprise production elements and so on,and becomes the main resource of enterprises. This knowledge is intellectual capital.It is the most decisive factors in the knowledge economy, and the role in creating enterprise value is increasingly prominent, and it is the resources abound of competition advantages in the enterprise, attracting interest from top-management circles, political decision makers and investment professionals, then the stakeholders start focusing on information disclosure on intellectual capital. On one hand, managers want to disclosure intellectual capital information in order to strength management on intellectual capital, on the other hand, investors hope enterprises to disclose the relevant information in order to obtain useful information to support them to make the right decisions, but the theory on intellectual capital is not mature enough, managers don't know how to disclosure intellectual capital information, and intellectual capital cannot reflected in traditional financial report. The users' needs can not be met. In view of this, this paper though discussing the problem which exist in intellectual capital information disclosed of listed company, it not only can help enterprises to improve the disclosure of the relevant information, but also help investors proper evaluate the enterprises'value.Used the normative research method, this document along the line of problem analysis--solve the problem--propose recommendations. The feature of this paper is combined with the actual, not the sake of discussion. After reading the annual report from 30 companies listed on Shenzhen Stock Exchange, this paper propose problems on intellectual capital report, and take examples to illustrate. Then analyzes the causes of the problem, finally come to the conclusion:(1)The problems about intellectual capital information disclosure on listed companies contains inadequate of IC information disclosure, lack of relevence and comparability, lack of centralized and systematic. (2)The reasons are complicated and combinded of a variety of reasons, mainly contains: the constraints of traditional financial reporting, unable to establish effective communication, lack of mature theory research and lack of regulatory from government and relevant department. (3)Though the disclosure in foreign countries is based on voluntariness, they release the intellectual capital disclosure framwork, disclosure information on the overall pespective of intellectual capital. The mainly form is intellectual capital report. Our country can learn from them. (4)For the cause of the problems, put forward suggestions to consummate the problems of intellectual capital disclosure on listed companies:break though the shackles of tradition finance reporting, from the traditional financial accounting model to stakeholders accounting model, establish effective communication mechanism, give the users a platform to deliver their needs, strengthen IC accounting theory research and vocational education, form a scientific theoretical system of intellectual capital, strengthen the supervision and regulation of IC information disclosure.On the basis of reviewing domestic and abroad research achievements on information disclosure of intellectual capital, this paper starts from the theory of intellectual capital and accounting information disclosure, then introduces the scholars and experts' different understanding about intellectual capital and its composition, and reveals the characteristics of intellectual capital, then expounds the intellectual capital and accounting information disclosure of the theoretical basis. Then points out the problem on the listed company information disclosure of intellectual capital, and introduce experience of intellectual capital disclosure in European countries and inspiration to china. Finally, proposed suggestions to improve the information disclosure of intellectual capital, based on the causes of the existing problems.