Abstract:
This study investigates the association between corporate governance and
intellectual capital (IC) disclosure, controlling for firm age and leverage, for a sample
of 150 Sri Lankan listed firms. The independent variables comprise various forms of
corporate governance attributes: board size, board independent, board meetings and
CEO role duality. IC disclosure is measured by a disclosure index. Empirical analysis
is conducted using correlation and linear multiple regression analysis. Findings from
the empirical analysis indicate that associations between the corporate governance
and IC disclosure are generally mixed. There is still no established and generally
accepted Sri Lankan framework for IC disclosure, which could be a reason for
inconsistency. Results of this study provide useful information for the accounting
profession, the regulators and corporations on the effective exercise of corporate
governance
