Does Size Matter? Evidence on the Influence of Corporate Governance on Intellectual Capital

This study aims to find out empirical evidence about the influence of corporate governance on firm value through intellectual capital and corporate social responsibility. The sample used in this study amounted to 123 manufacturing companies listed on the Indonesia Stock Exchange continuously during the period 2015-2017 using purposive sampling technique. This study uses quantitative methods with secondary data obtained from annual reports that have been published by the Indonesia Stock Exchange during the period 2015-2017, which can be accessed through www.idx.co.id. Data analysis in this study uses Structural Equation Modeling based on Partial Least Square (SEM-PLS) with SmartPLS 3.0 software.The results showed that the board of commissioners had a significant negative effect on intellectual capital and had a significant positive effect on corporate social responsibility. Board of Commissioners has a significant positive effect on intellectual capital and has a significant negative effect on corporate social responsibility. The board of commissioners, audit committees, intellectual capital and corporate social responsibility have a positive and significant effect on firm value. Intellectual capital is not able to mediate the relationship between the board of commissioners and firm value, as well as the relationship of the audit committee to firm value. CSR is not able to mediate the relationship between the board of commissioners and firm value and the relationship between the audit committee and firm value.

The Effect of Ownership Structure and Iso 14001 Certification on Corporate Social Responsibility Disclosure with Company Size as A Moderating Variable

The scientific research centers on the sensible aspects represented by reaching informed decisions both in the private and public sectors, while being under the influence of three key factors, namely: corporate governance, knowledge asymmetry, and intellectual capital. In continuation, this scientific work points out the powerful role played by the economic, financial, political and social crisis in the international and Romanian business environment, and underlines the most dramatic changes brought by this crisis into individuals’ and entities’ daily lives. In addition, this study aims at providing valuable insights on numerous life-saving solutions meant to enable both individuals and entities to cope with the future, in the attempt to create more and deeper connections with our environment, thus becoming more aware of the dangers of continuously exploiting and neglecting the needs of our Planet. Researchers have shown an increased interest in analyzing and discussing the aspects concerning (yet, not limited to) biodiversity, circular economy, corporate social responsibility, corporate governance, good governance, and smart cities, in particular due to the unprecedented changes experienced by our society, which prompted the authors of this article to adopt the following approach in this paper: (a) the first part is dedicated to the literature review, which describes the most relevant terms associated with corporate governance, knowledge asymmetry and intellectual capital;(b) the second part is consecrated to the methodology, which stresses on the most significant instruments used in order to facilitate the in-depth examination of corporate governance, knowledge asymmetry and intellectual capital;(c) the next sections are devoted to presenting the most important elements attributed to corporate governance, knowledge asymmetry and intellectual capital, in order to accelerate positive changes in our society;(d) the section dedicated to the case study is keen on describing the case of Romanian business environment in the context where corporate governance, knowledge and intellectual capital become a priority in the process of reaching informed decisions;(e) the results and discussions section is meant to show the most relevant solutions in reaching informed decisions at both a national and international level, keeping in mind the main influences derived from corporate governance, knowledge asymmetry and intellectual capital;(f) the conclusions section accentuates, once again, the role that corporate governance, knowledge and intellectual capital must play in order to support growth, development and sustainability at a worldwide level. There are several important areas where this study makes an original contribution, namely: the literature revised, the subject taken into discussion, the implications of reaching informed and sustainable decisions, the case of Romania and its position on corporate governance, knowledge asymmetry and intellectual capital, in turbulent times. Copyright © 2020. Cristina Raluca GH. POPESCU and Mihail DUMITRESCU. Distributed under Creative Commons Attribution 4.0 International CC-BY 4.0

The objective to be achieved in this study is to test how the influence of Good Corporate Governance, Intellectual Capital on Intellectual Capital Disclosure with Financial Performance as an Intervening Variable. The population in this study is high-tech manufacturing companies listed on the Indonesia Stock Exchange. The research data was taken from the Indonesia Stock Exchange website for the period 2017 - 2019. The research method used is causal research, with multiple linear regression analysis methods. The sampling technique used purposive sampling and the data analysis technique used E-Views 11. The results of the study showed that (1) Good Corporate Governance, which is proxied by Institutional Ownership, the Proportion of Independent Audit Committees has a significant positive effect on Intellectual Capital Disclosure, (2) Good Corporate Governance, which is proxied by the Proportion of Independent Commissioners, does not have an effect on Intellectual Capital Disclosure, (3) Good Corporate Governance, which is proxied by Managerial Ownership and Intellectual Capital, has a significant negative effect on Intellectual Capital Disclosure, (4) Financial Performance is unable to mediate the relationship between GCG and Intellectual Capital Disclosure, Financial Performance mediates the relationship between Intellectual Capital and Intellectual Capital Disclosure.

This study aims to test the influence of intellectual capital and corporate governance on firm value with profitability as a moderating variable. The population of this study is banking companies listed on IDX during 2015 –2019 amounted to 45 companies. Sampling techniques using purposive sampling so that research samples obtained as many as 15 companies. The research data used is secondary data obtained from the annual report and GCG reportof banking companies listed on IDX during 2015 –2019. This study uses structural equation modeling data analysis technique –partial least square (SEM-PLS) with WarpPLS 7.0 software. The result of this study shows that: (1) Intellectual capital positively and significantly affects the firm value, (2) Corporate governance has no effect on the firm value, (3) Profitability can moderate the influence of intellectual capital on the firm value, (4) Profitability can’t moderate the influence of corporate governance on the firm value.Keywords: Intellectual Capital, Corporate Governance, Firm Value, Profitability

This research aims to determine the influence of Islamic Social Reporting (ISR), Intellectual Capital (IC), and Corporate Governance (CG) disclosures on the performance of Maqashid Sharia in Sharia Commercial Banks in Indonesia and Malaysia for the 2017-2022 period. This research includes quantitative research obtained from the annual reports of Sharia Commercial Banks in Indonesia and Malaysia which are published on the respective banks' websites. Sampling used a purposive sampling method with criteria determined by researchers so that a sample of 23 banks from 29 Sharia Commercial Banks was obtained in the 2017-2022 observation period. The type of data used is secondary data with the method used is multiple linear regression analysis to determine the direction and influence of the relationship between the dependent and independent variables. Multiple regression analysis was carried out on time series data during the period 2017-2022 in the Islamic banking industry. By using data processing software SPSS version 22. The research results show that partially Islamic Social Reporting has a positive and significant effect on the performance of the Maqashid Sharia Index, while Intellectual Capital and Corporate Governance have a negative and insignificant effect on the performance of the Maqashid Sharia Index.

The banking industry certainly has a role to play in the success of this initiative through a sustainable finance program. Sustainable finance is a global trend that represents a new paradigm in the world of banking and other financial institutions that help implement sustainable development. Sustainable development is a development effort based on three directions: benefits, society, and protection of natural resources and the environment. In this study, the authors use traditional methods and the Makassid Shariah Index (MSI) to assess the impact of corporate governance, intellectual capital, and financial performance on sustainable financial practices in the Indonesian Islamic financial services industry. 2017-2021 (5 years). The sample of this research is processed from the annual report data of Islamic banks in Indonesia by using the panel data regression analysis method. Based on this research, the influence of corporate governance, intellectual capital, and financial performance using traditional methods and the Makassid Shariah Index (MSI) is shown in the practice of sustainable finance. The independent variable, GCG, is determined by the composite self-assessment score of each Islamic bank, value added intellectual capital (VAIC), financial performance and return on investment (ROA), net funding (NPF), and the Makassid Shariah Index (MSI) and the dependent variable, sustainable financing, is approximated by the Financial Sustainability Ratio (FSR). A study of Islamic banks in Indonesia also shows that the GCG, VAIC, ROA, NPF, and MSI variables all have a positive effect on the FSR variable, with an R-squared model value of 0.9959. variables in this study.

This study aims to test and prove the effect of corporate governance, intellectual capital, and Corporate Social Responsibility on the financial performance of the pharmaceutical sector. This research is descriptive and quantitative. Secondary data sources were used with documentation data collection techniques. The sampling technique was purposive sampling, with criteria including pharmaceutical sector companies that published complete financial reports from 2010 to 2023, resulting in a sample of 135 financial reports. The results indicate that corporate governance does not affect financial performance, implying that pharmaceutical companies are less able to build governance to improve financial performance. Intellectual capital affects financial performance, indicating that pharmaceutical sector companies can utilize resources to improve financial performance. Corporate Social Responsibility affects financial performance, meaning that the responsibilities carried out by companies in terms of economic, social, and environmental aspects can improve financial performance.

This study aims to examine the influence of good corporate governance and intellectual capital to financial performance (financial performance). Corporate governance mechanisms in this research are managerial ownership, institutional ownership, and the proportion of independentcommissioners. Intellectual capital is measured using Value Added Intellectual Capital (VAIC) model which has three components (physical capital, human capital and structural capital), and financial performance is measured by return on assets (ROA). Secondary data was used by derived from the financial statements of manufacturing companies listed on the Indonesia Stock Exchange 2014-2016. The sampling technique used purposive sampling method with multiple linear regression analysis tools. Prior the regression test, the classical assumption test is done first. The results show that managerial ownership, institutional ownership and independent commissioner's proportion have no effect on financial performance, while intellectual capital has an effect on financial performance. The conclusion of this research is that intellectual capital can be used to improve financial performance if company can measure accurately but corporate governance still not proven can improve company's financial performance.

This study aims to determine and analyze the influence of good corporate governance, internal audit on the quality of financial reports directly and indirectly through intellectual capital. The research was conducted at PT. Akebono Brake Astra Indonesia, with a sample size of 60 respondents. The method used in the sampling process is random sampling. The analysis model uses path analysis and descriptive analysis. The study's findings indicate that: 1) good corporate governance has a positive and significant impact on intellectual capital; 2) internal audit has a positive and significant impact on intellectual capital; 3) good corporate governance has a positive and significant impact on the quality of financial reports; 4) internal audit has a positive and significant impact on the quality of financial reports; 5) intellectual capital has a positive and significant impact on report quality; 6) there is no positive and significant impact of good corporate governance on report quality through intellectual capital; and 7) there is not a positive and significant influence of internal audit on report quality through intellectual capital. The company's management adheres to the principle of prudence and compliance with the articles of association and company regulations, thus fulfilling social responsibility through a commitment to community welfare and environmental sustainability, especially around the company. The company presents financial report information that can be compared with other reporting entities and with previous financial reports, thus facilitating internal and external comparisons.

This study examines the influence of environmental performance, intellectual capital, and corporate governance on the financial performance of energy sector companies listed on the Indonesia Stock Exchange during the 2021–2023 period. Secondary data were obtained from financial statements and PROPER rating reports. A total of 63 observations from 21 companies were selected using purposive sampling. Data analysis was conducted using panel data regression with the aid of STATA17 software. The results show that intellectual capital and the number of audit committee members have a positive and significant effect on financial performance. These findings indicate that efficient management of intangible assets and strong internal oversight mechanisms can enhance company profitability. Additionally, the proportion of independent commissioners exhibits a negative and significant effect on financial performance, suggesting potential ineffectiveness in oversight when not accompanied by sufficient engagement and competence.On the other hand, environmental performance, board size, and managerial ownership variables do not show significant effects. These findings imply that not all aspects of sustainability and corporate governance contribute directly to improvements in financial performance.

Earnings management is defined as earnings engineering activities / actions with certain objectives carried out by management. This research is expected to obtain empirical evidence of the influence of intellectual capital, corporate governance and audit quality in influencing earnings management in transportation companies and was listed on the Indonesia Stock Exchange in 2014-2018. Data was collected using a purposive sampling method and there were 14 companies that met the research criteria and carried out by testing the multiple linear regression hypothesis through the application of SPSS 23. In this study produced variables of intellectual capital, corporate governance and audit quality simultaneously have an influence on earnings management. While partially only intellectual capital variables that affect earnings management. Companies that are audited by large KAPs may not be able to limit the occurrence of earnings management actions. The large share ownership should be able to make the institutional control of operational activities, but the reality of institutional ownership is not able to limit the existence of earnings management. Theoretical implications expected from research are able to make intellectual capital as one indicator in measuring the occurrence of earnings management in future research. Keywords: Intellectual Capital; Institutional Ownership; Managerial Ownership; Audit Quality; Earnings Management

<em>This study uses a quantitative approach, in determining the sample of this study using non-probability sampling method with purposive sampling technique. The research data obtained were 21 consumer goods companies listed on the Indonesia Stock Exchange for the period 2015-2017, so the data obtained were 63. The data obtained were analyzed through outer and inner model tests, as well as hypothesis testing in PLS analysis. The results revealed that Intellectual Capital has an effect on Firm Value. There is an influence of Intellectual Capital on Corporate Governance. There is an influence of Corporate Governance on Company Value. And there is an influence of Intellectual Capital on Firm Value through Corporate Governance..</em>

State-Owned Enterprises (SOEs) which were previously managed entirely by the Government, have shifted the paradigm to professional management. This research is a quantitative study that examines the influence of Good Corporate Governance (GCG), Intellectual Capital, and Corporate Social Responsibility (CSR) on Financial Performance and Company Value. The study population is a state-owned company listed on the Indonesian Stock Exchange that is not financial, so that 16 companies are obtained. The results showed that: (1) GCG has a positive effect on firm value; (2) Intellectual Capital has a positive effect on company value; (3) CSR has a negative effect on company value; (4) financial performance has a positive effect on firm value; (5) GCG has a positive effect on financial performance; (6) Intellectual Capital has a positive effect on financial performance; (7) CSR has a positive effect on financial performance; (8) Financial performance mediates the effect of GCG on firm value; (9) Financial performance mediates the effect of Intellectual Capital on firm value; and (10) Financial performance mediates the effect of CSR on firm value. This novel research lies in the GCG measurement indicators that use 5 pillars, namely: Transparency, Accountability, Responsibility, Independence, and Fairness (TARIF). The theoretical implications of this research relate to signaling theory that companies that implement GCG, pay attention to intellectual capital, and CSR are captured as a positive signal to investors. In addition, theoretical implications also relate to stakeholder theory that companies that apply GCG, pay attention to intellectual capital, and CSR make managers more focused on managing the company, without being hindered by social cases, human rights, demonstrations from the public, thus making stakeholders protected.

The purpose of this research is to examine the impact of good corporate governance and intellectual capital on the financial performance of entertainment and media companies listed on the Indonesia Stock Exchange from 2014 to 2021. Good corporate governance is measured using the good corporate governance index, while intellectual capital is measured using the VAICTM. This study adopts a quantitative research approach and utilizes secondary data. The sampling technique employed is non-probability sampling with a purposive sampling method. The samples obtained from the selection results were 4 companies. Logistic regression is used as the data analysis technique in this research, utilizing SPSS 26 software. The findings of this study indicate that good corporate governance does not have a significant impact on financial performance, whereas intellectual capital has a positive and significant impact on financial performance.