Voluntary disclosure: Evidence from UK

This paper investigates the voluntary disclosure of Intellectual Capital (IC) of British firms and provides some evidence on an unexplored area of the literature; that of the association of Corporate Governance (CG) with IC disclosure. Inconsistent with expectations, the results show that British firms disclose more information about their human capital. On the other hand, findings indicate that ownership structure, size and industry are important factors in describing disclosure trends of IC which is in line with what anticipated. Lastly the outcomes of the study support the notions of Agency theory that refer to manager’s opportunism and information asymmetry. 1