Intellectual Capital Disclosure Research Articles

Pengaruh Intensitas Research & Development dan Ownership Retention Terhadap Intellectual Capital Disclosure Pada Perusahaan Yang Melakukan IPO Di BEI

Intellectual capital disclosure is referred to as a effort made to communicate financial reports by presenting various business activities that are reliable, integrated, correct and fair. This study intends to ascertain the impact of research & development intensity, and ownership retention on intellectual capital disclosure that conducts initial public offering of companies. Quantitative information was based on secondary data from the Indonesian Stock Exchange. Data analysis techniques using SPSS. This study shows that the research & development intensity variable has no effect on intellectual capital disclosure. While disclosure of intellectual capital is significantly influenced by ownership retention variables. This is because investors tend to be attracted to companies that disclose their intellectual capital in full. The purpose of disclosing intellectual capital can only be achieved through the principle of transparent information (good corporate governance) so that investors have confidence in stakeholders.

Relationship in Principle between Corporate Governance, Intellectual Capital Disclosure and Firm Performance

This conceptual paper's goal is to discuss the relationship between business performance, intellectual capital disclosure, and corporate governance. This work proposes hypotheses about the relationship between corporate governance, intellectual capital disclosure, and business performance with the use of signaling theory. Their relationship's structure should inform all stakeholders about how corporate governance affects business performance. This demonstrates how well the governance is performing its duties to increase intellectual capital disclosure, which calls for essential adjustments to corporate procedures. It reveals the connection between the board nominating committee, the disclosure of intellectual capital, and corporate performance.

What factors lead companies to release intellectual capital disclosure? Evidence from Indonesian manufacturers

What factors lead companies to release intellectual capital disclosure? Evidence from Indonesian manufacturers

Pengaruh Frekuensi Pertemuan Dan Keahlian Keuangan Komite Audit Serta Spesialisasi Dan Kualitas Auditor Eksternal Terhadap Pengungkapan Modal Intelektual

This study discusses the importance of the relationship between audit meetings, financial audit expertise, the specialization of external auditors, and the quality of external auditors on intellectual capital disclosure. Intellectual capital disclosure variable is measured by using the 61 checklists in 3 formats namely tables, images and numeric. In this study, the variables of audit committee’s characteristic are the frequency of meeting’s audit committee and financial expertise of the audit committee, while the variables of auditor external’s characteristic are the specialization of external auditors and the quality of external auditor. The population in this study is the Property and Real Estate sector companies listed on the Indonesia Stock Exchange (IDX) in 2014-2018. Total research sample is 18 companies that are selected by Non-Probability Sampling method. This research analyzes the company's annual report using the method of purposive sampling. Data analysis is tested by the test of classical assumptions, test of hypothesis, and simple linear regression analysis method. Based on the results of research conducted it can be seen that the frequency of audit committees influences the disclosure of intellectual capital.

Assessing the Relationship between Company Value and Intellectual Capital Disclosure Before and During Covid-19: Evidence Indonesia IT Companies

The purpose of this research is to examine the effect of Value Added Intellectual Coefficient (VAICTM) consisting of Value Added Capital Employed (VACA), Value Added Human Capital (VAHU), Structural Capital Value Added (STVA) on firm value by Tobin's Q. The data used in this study secondary data in the form an annual IT companies report listed on the Indonesia Stock Exchange. The sample collection has done by purposive sampling method. The hypothesis testing is done using the PLS Structural Equation Model. The results showed that Structural Capital Value Added (STVA) does not have any significant effect on firm value. Meanwhile, Value Added Intellectual Coefficient (VAICTM), Value Added Capital Employed (VACA), Value Added Human Capital (VAHU) have a positive effect on firm value and there is no significant difference of IC before and during Covid-19 on firm value by Tobin's Q. The results of this study will increase understanding in assessing how intellectual capital can add value to the company, especially for the IT sector when experiencing business difficulties. It is expected that companies that invest in intellectual capital then the company will have a good effect on firm value and are expected to provide long-term benefits.

Determinan Intellectual Capital Disclosure Pada Perusahaan LQ45 Yang Terdaftar di BEI

The purpose of this study was to determine the effect of managerial ownership, institutional ownership, foreign ownership, government ownership, profitability, and leverage on intellectual capital disclosure. The population in this study is LQ45 companies listed on the Indonesia Stock Exchange in 2016-2018. The method used in this study is purposive sampling, with the following criteria: 1) Companies listed on the LQ45 Index throughout 2016-2018 on the Indonesia Stock Exchange (IDX). 2) Companies that were successively registered in the LQ45 Index throughout 2016-2018 3) Companies that published annual reports in a row during 2016-2018 as of April 31, 2019. The sample used was secondary data from Indonesia Stock Exchange (IDX), which is an annual report of 75 companies. The analysis technique used is multiple linear regression. The results showed that government ownership, profitability and leverage had a positive effect on intellectual capital disclosure. While managerial ownership, institutional ownership and foreign ownership have no effect on intellectual capital disclosure.

Pengungkapan Sustainability Reporting, Intellectual Capital, dan Nilai Perusahaan pada Perusahaan Pertambangan

The research aims to obtain empirical evidence regarding the disclosure of Sustainability Reporting and Intellectual Capital on company value in the mining industry. This research was conducted at mining companies listed on the Indonesia Stock Exchange for the period 2016 to 2019. The sampling technique used was purposive sampling with a total of 32 observations during the study period. The data analysis technique used is multiple regression analysis. This study shows that Sustainability Reporting has a significant negative effect on firm value, while Intellectual Capital has a significant positive effect on firm value.Keywords : Company Value; Intellectual Capital; Sustainability Reporting.

INTELLECTUAL CAPITAL VALUE AND DISCLOSURE OF INTELLECTUAL CAPITAL ON FIRM VALUE

The purpose of this study was to determine the effect of the value of intellectual capital and disclosure of intellectual capital on the company value of state-owned enterprises which are listed on the Indonesian stock exchange partially. The type of data used in this study is quantitative data in the form of values or numbers obtained from financial reports. The source of data in this research is secondary data. The population in this study are state-owned companies listed on the Indonesia Stock Exchange during the period 2015 -2019. By using the purposive sampling method, the total sample in this study is 45 data from 9 companies. The data in this study will be tested with several stages of testing, namely descriptive statistical tests, classic assumption tests (normality test, heteroscedasticity test, multicollinearity test, autocorrelation test), and testing all hypotheses through the partial test (t test) and coefficient test determination. The research findings lead to several concrete conclusions. Firstly, the study reveals a significant negative effect of intellectual capital value on firm value for state-owned companies in Indonesia. This suggests that intellectual capital alone does not guarantee an increase in firm value. Secondly, the research demonstrates a significant positive effect of intellectual capital disclosure on firm value. Active disclosure of intellectual capital information positively influences stakeholders' perceptions and builds confidence in the company's potential, ultimately enhancing firm value
 
 Keyword: Intellectual capital; disclosure of intellectual capital; the value of the company

The Determinants of Intellectual Capital Disclosure on Firm Value: The Evidence on the Financial Companies in Indonesia

Objectives: Firm value is the price of the firm that can be sold with a price agreement that will be paid by the buyer. A high stock price will increase the value of the company and increase the prosperity of the investors. Therefore, to attract the attention of buyers of company shares, companies must provide the best and most detailed financial information possible. As for information that can be disclosed in financial reports, namely intellectual capital. The presence of PSAK No. 19 concerning intangible assets marked the beginning of the phenomenon of intellectual capital in Indonesia. It turns out that although Intellectual Capital Disclosure has started to grow in Indonesia, the growth is still very small. Companies in Indonesia should be required to disclose their intellectual property, particularly in the financial industry. This is because the financial services sector which is highly dependent on information uses more intellectual capital in its operations than the industrial sector which relies more on tangible assets. As it is known, the disclosure of intellectual capital can provide an attraction for investors to increase the value of the company. This study aims to find out how factors such as firm age, leverage, profitability, and independent commissioners affect firm value through the disclosure of intellectual capital.Methodology: This study uses a sample of financial sector companies listed on the Indonesia Stock Exchange in 2020-2021 with a total population of 105 companies and a total sample of 83 companies. This research uses panel data.Finding: According to the findings of this study, business size, profitability, age, independent commissioners, and disclosure of intellectual capital have a beneficial impact on firm value of about 43%. However, leverage does not affect firm value. Furthermore, the mediation test results show that disclosure of intellectual capital is not able to mediate the relationship between the effect of firm size, leverage, profitability, and firm age on firm value. Only the influence of independent commissioners mediates firm value.Conclusion: For future researchers, it is expected to increase the research period and add other factors that influence the disclosure of intellectual capital.

The Influence of Intellectual Capital Disclosure and Capital Structure on Firm Value in Indonesian's State-Owned Company

The Influence of Intellectual Capital Disclosure and Capital Structure on Firm Value in Indonesian's State-Owned Company

How the ownership structure and firm size effect on intellectual capital disclosure?

This study aims to identify, analyze and obtain empirical evidence regarding the effect of ownership structure consisting of managerial ownership, institutional ownership and foreign ownership as well as firm size on intellectual capital disclosure before and during COVID-19. In addition, this study also tests whether there are differences in intellectual capital disclosures made before and during Covid-19. The sample in this study were banking sub-sector companies listed on the Indonesia Stock Exchange in 2018-2021 which were divided into two groups, namely before COVID-19 and during COVID-19. This study adopts the ICD In model from Ulum (2015) which has been modified by adding several items that are in accordance with applicable regulations in Indonesia. The data analysis technique used was multiple linear regression and paired sample t-test for different tests using evies 12 student version software. The results of the study show that prior to COVID-19 managerial ownership, institutional ownership and foreign ownership had no effect on intellectual capital disclosure. Firm size had a positive effect on intellectual capital disclosure before COVID-19. During COVID-19, managerial ownership had a negative effect, institutional ownership had a negative effect and foreign ownership had no effect on intellectual capital disclosure.

The Voluntary Disclosure of Intellectual Capital and Its Impact on Level of Growth in Hong Kong Companies: Annual Reporting Trends over an 8-Year Period

The Voluntary Disclosure of Intellectual Capital and Its Impact on Level of Growth in Hong Kong Companies: Annual Reporting Trends over an 8-Year Period

HOW DO INTELLECTUAL CAPITAL DISCLOSURES MEDIATE FINANCIAL STRUCTURE AND COMPANY PERFORMANCE? EVIDENCE FROM INDONESIA AND SINGAPORE

This study examines the effect of disclosure of intellectual capital in mediating the financial structure and performance of companies using path analysis method. This study also compares the effect of disclosing intellectual capital on companies listed on the Indonesian and Singapore stock exchanges from 2018 to 2020. A two-stage least squares statistical model is used to test the research hypothesis. The findings show that the financial structure in Indonesia and Singapore has a significant negative effect on financial performance. Meanwhile, financial structure has a significant negative effect on market performance only in Singapore, while Indonesia has no effect. Disclosure of intellectual capital which is used as a mediating variable on financial structure and performance has a significant positive effect in Singapore. Meanwhile, there is no significant effect on the relationship between financial structure and market performance after being mediated by disclosure of intellectual capital. This study can be used by managers as a starting point for designing more effective methods of using intellectual capital to gain competitive advantage through leverage.JEL: M41, O34.

Firm Value from Intellectual Capital Disclosure and Financial Ratios Perspective

Firm Value from Intellectual Capital Disclosure and Financial Ratios Perspective

The Role of Board Commissioner Size, Independent Commissioner, Ownership Concentration, Leverage, and Firm Size on Intellectual Capital Disclosure

The Role of Board Commissioner Size, Independent Commissioner, Ownership Concentration, Leverage, and Firm Size on Intellectual Capital Disclosure

Determinan Pengungkapan Intellectual Capital Pada Perguruan Tinggi

Purpose: This study aims to determine the effect of size, complexity, age, and internationalization of universities on ICD on the official websites of PTN-BLU and PTN-BH in Indonesia. In addition, this study also aims whether there is a significant difference between the quality of ICD in PTN-BLU and PTN-BH. Methodology/approach: The number of population in this study was 47. The IC component that is used as the basis for this research uses the results of the Ulum research (2019), which consists of 60 IC items. The data analysis technique used multiple linear regression analysis and t-tests. Findings: The results showed that the size and age of the university did not affect the ICD, while the complexity and internationalization of the university had a significant positive effect on the ICD. In addition, the different test results showed a significant difference between the quality of the ICD in PTN-BLU and PTN-BH. Practical implications: PTN-BH has a higher quality IC disclosure than PTN-BLU on its official website. The most numerous components are structural capital related to PT's internal resources, such as learning systems, academics, and curricula. Originality/value: The novelty of this research regards the object of study at State Universities (PTN-BLU and PTN-BH). In addition, it also adds the internationalization variable as an independent variable.

The evolution of intellectual capital disclosure driven by European regulatory change: evidence from the Italian stock market

PurposeThe matter of interest is the reporting and disclosure of intellectual capital (IC) in the global “knowledge economy” era. The aim of the paper is twofold: to verify the level of disclosure of IC through the non-financial statements (NFSs) published by public companies and to identify the main firm-specific factors that explain the propensity to disclose.Design/methodology/approachBased on the 27 components of IC, a scoring system is designed to measure the level of disclosure of IC by 47 listed Italian companies. Content analysis (CA) is performed on the NFSs these companies published in 2020, to measure each company's so-called intellectual capital disclosure index (ICDI). A regression analysis is then applied to relate the ICDI scores to some firm-specific variables to determine their relevance and influence on the level of disclosure.FindingsAlthough the NFS was not designed specifically for IC, the results of the analyses show an overall barely satisfactory ability of the NFS to give certain information on IC. Furthermore, the propensity to disclose IC appears significantly related to some firm characteristics considered here, such as capitalization, profitability, productivity, intangibility and financial structure.Research limitations/implicationsThe analysis relates to a representative but limited sample that does not allow for sectoral or time-series analyses. Extending the companies and years under observation would allow the results to be validated with broader and more in-depth analysis.Originality/valueThis paper provides exploratory but interesting evidence about the relationships between IC disclosure (ICD), firm characteristics and market capitalization. Despite several previous studies on the disclosure of IC, no analyses were found that focused on the information capacity of the NFS. Also, to the authors' knowledge, relatively few researchers have considered a set of financial ratios that include capital structure indices.

Quality of audit committee as a moderating effect between shareholding structure and intellectual capital disclosure in Indonesian banking companies

This research examines the nexus of shareholding structure on intellectual capital disclosure. The shareholding structure consists of management, institutions, government, and foreigners. Furthermore, this research investigates the moderating role of the quality of the audit committee in this relationship. This research design uses quantitative methods. The population consists of banking firms listed on the Indonesian Stock Exchange in 2016-2020. The selection of samples employing the purposive sampling method obtained 159 observations. The output of hypothesis testing using moderated regression analysis (MRA) shows that managerial and institutional ownership negatively impacts the disclosure of intellectual capital. The conclusion of this research is that shareholders tend to reduce the amount of intellectual capital disclosed. The test results also prove that share ownership by management, institutions, and the government can function as a management control mechanism if a qualified audit committee supports it. The findings serve as input for the Financial Services Authority; as the party that drafts regulations related to the formation and implementation guidelines of the audit committee’s work. Therefore, managers should integrate intellectual capital information with financial information; so that it is more useful for users of information for decision making. Practical implications of this research are that banking companies in Indonesia can improve the quality of their audit committees so that there is an increase in intellectual capital disclosure.

MODEREASI RETURN ON ASET PADA DETERMINAN INTELECTUAL CAPITAL

This study aims to analyze the moderation of return on assets on the factors that influence the disclosure of Intellectual Capital in industrial companies listed on the Indonesia Stock Exchange. The determining factors are company size and managerial ownership. The analysis technique used is multiple linear regression analysis. The results show that partially company size has an effect on Intellectual Capital disclosure, managerial ownership has an effect on Intellectual Capital disclosure, Return on Assets moderates the effect of company size and managerial ownership on Intellectual Capital disclosure, in Industrial companies which are listed on the Indonesia Stock Exchange

Analysis of determinants influencing the level of intelectual capital disclosure: The case of FTSE 100 entities

Purpose: The paper deals with the issue of intellectual capital (IC) and its disclosure in the financial statements of FTSE 100 entities. The paper aims to identify the determinants that influence entities to reveal IC related information and also to highlight the theoretical aspects behind such determinants, resulting in comprehensive findings. The results of the analysis can be used to understand what leads entities to make decisions in the field of non-financial disclosure.Design/methodology/approach: The research part is devoted to the analysis of the relationship between the level of IC disclosures and the analysed determinants – size, profitability and industry. To produce a comprehensive set of results, descriptive statistics are used, followed by regression and correlation analysis. The pooling OLS method is used as it has a higher predictive power than random and fixed effect methods.Findings: Based on the results of the analysis, it was concluded that the profitability measured as ROA is not a key factor of intellectual capital disclosure in the annual reports of FTSE 100 companies. From the point of view of size measured as total assets, there exists a statistically significant relationship for relational capital, which is generally tied to the company's relationships with customers, vendors, suppliers, and other significant constituents. The analysis also showed significant differences between traditional and service industry in the amount of IC information being reported for all IC categories.Originality/value: This paper focuses on the determinants influencing the level of IC reporting in a representative sample of entities from the highly active FTSE100 stock market. The paper focuses on three determinants that are frequently reported in existing research. This paper presents statistically based results on the relationships between the determinants and IC, but also between the different parts of IC (human capital, structural capital and relational capital), which provides insights into the structure of reported information on intellectual capital.