The Role of Firm Size, Leverage, Ownership Structure, and Corporate Governance on Intellectual Capital Disclosure

Abstract

There are four objectives in this study that is to identify and explain the influence of Firm Size on Intellectual Capital Disclosure, the influence of Leverage on Intellectual Capital Disclosure, the influence of Ownership Structure on Intellectual Capital Disclosure, and the role of Corporate Governance as a moderating variable between Ownership Structure and Intellectual Capital Disclosure. This study is explanatory research where the process of data analysis was performed using warpPLS software. The population in this study were all manufacturing companies in the 2014-2018 Indonesia Stock Exchange. The sampling was done using purposive sampling and resulted in 22 companies with 5 periods. Thus, the number of research analysis units in this study was 110. This study found that Firm Size has a significant and negative influence on Intellectual Capital Disclosure. Similarly, Ownership Structure also has a significant and negative influence on Intellectual Capital Disclosure. On the other hand, Leverage does not have a significant effect on Intellectual Capital Disclosure, and Corporate Governance is not a moderating variable in the relationship between Ownership Structure and Intellectual Capital Disclosure. It can be said that investors and companies need to pay attention to Firm Size and Ownership Structure in making investment choices.