As to measure the impact of the intangible assets disclosure on fair value in the examined banks, I need to find a model with variables control, so could you please find one similar to the following example below,

FV_t=∝+β_1 IAD+β_2 X +β_3 X +β_4 X +β_5 X β_6 X +ε ́

Intangible Assets Disclosure and its impact on Fair Value in Banking Sector:

As to measure the impact of the intangible assets disclosure on fair value in the examined banks, I need to find a model with variables control, so could you please find one similar to the following example below,

FV_t=∝+β_1 IAD+β_2 X +β_3 X +β_4 X +β_5 X β_6 X +ε ́

Intangible Assets Disclosure and its impact on Fair Value in Banking Sector: A Comparative Analysis between Conventional and Islamic Banks

Measurement of Variables

1. Measurement of Intangible Assets Disclosure

The disclosure of intangible assets in the financial statements of the banks is measured using a disclosure index (DI), based on the disclosure requirements in accordance with IFRS3 and IAS 38. A dichotomous procedure was applied where a value of 1 was given for disclosures and 0 for non-disclosures (Gandia 806). The additive score of each item therefore contribute to the disclosure index of each bank. The score of the disclosure of intangible assets is calculated as:

where:

IAD refers to the disclosure index of intangible assets for dimension j in period t

D = The disclosure score of intangible assets based on IAS 38

ei = Elements disclosed on intangible asset i where the value is either 0 for non-disclosed element or 1 for disclosed element

m = Maximum disclosed elements in which m ≤ n

The score for the applicable intangible assets is calculated as:

A = The disclosure score of the applicable intangible assets

ei = Elements disclosed on intangible asset i where the value is either 0 for non-disclosed element or 1 for disclosed element

n = Maximum applicable elements to be disclosed

The disclosure index based on IAS 38 is therefore calculated as:

2. Model Specification

The impact of measuring the intangible assets disclosure on fair value in the examined banks measured using regression analysis by regressing Fair value (FV) against the Disclosure Index (DI). This relationship can be expressed as:

This model needs control variables

Where FV is the fair value, calculated as , where CF refers to the projected cash flow refers to the growth rate of long term cash flow, D refers to the discount rate; IAD is the intangible assets disclosure score, measured as the ratio of disclosure content points over the maximum score a bank can achieve; Individual Dimension refers to four dimensions that composite the aggregate measure of intangible assets disclosure, ………..

5.10. Sample Selection Process

The research sample consists of 50 commercial banks, the sample consists of 25 Islamic banks and 25 conventional banks. The sample period cover six years between 2009 and 2016.