The decision usefulness of intellectual capital information in malaysia: the perspectives of ipo prospectus preparers and users

This study aims to examine the perceptions of IPO prospectus preparers and users on the decision usefulness of intellectual capital information disclosed in IPO prospectus and compare their perceptions in order to understand if gaps exist. Data were collected by using online questionnaire. Based on the responses of 126 respondents with various different backgrounds, this study found that both preparers and users perceive the intellectual capital information to be useful for their decision making purposes especially external capital and this is followed by internal capital and then human capital. Overall, there is no significant difference between their perceptions. However, looking at the items of human capital and internal capital, it has been found that there are a few items that show significant difference in which preparers perceive them to be more useful than the users. For instance, disclosure on the education and training expenses and description of community involvement