Determinan Modal Intelektual (Intellectual Capital) Perusahaan Publik di Indonesia dan Implikasinya Terhadap Nilai Perusahaan

Oktari, IGA Putri and Handajani, Lilik and widiastuty, Erna (2016) Determinan Modal Intelektual (Intellectual Capital) Perusahaan Publik di Indonesia dan Implikasinya Terhadap Nilai Perusahaan. In: Simposium Nasional Akuntansi XIX, 24-27 Agustus 2016, Universitas Lampung.

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The objective of this study is to examine the positive influence of intellectual capital disclosure and firm characteristics on corporate value. Intellectual capital is reflected by the indicators of human capital, structural capital and relational capital. Characteristics of the company is reflected by the several indicators namely firm size, leverage, age and profitability while corporate value is reflected by Price Book Value, Tobin's Q and Price Earning Ratio. This study was conducted on public companies determined based on purposive sampling method that is analyzed by structural model of observation period 2012- 2014. The study also explores sensitivity analysis by examining lag t+1 and t+2. The results showed a positive influence of intellectual capital disclosure on corporate value. It proved that the disclosure of intellectual capital can be used to create added value and sustainable competitive advantage. Other findings also revealed that firm characteristics also have positive influence on corporate value. Age and profitability is an indicator that reflects the dominant characteristics of the firm compared to other indicators used in this study. Firms that were long-established could maintain their existence than its competitors since they are able to develop programs that can increase competitive advantage. High profitability encourages managers to utilize the profit by investing in activities that will increase corporate excellence eg employee competence development, innovation and improvement of product quality, and enhancement of customer relationships. For managers, this research imply the necessity of intellectual capital utilization and consideration of intellectual capital disclosure quality and quantity in a prospectus in order to enhance shareholder value. Meanwhile investors is expected to consider analyzing non-financial companies disclosure such as intellectual capital disclosure for investment decision.

Item Type: Conference or Workshop Item (Paper)
Keywords (Kata Kunci): intellectual capital, firm characteristics, corporate value
Subjects: H Social Sciences > HF Commerce
H Social Sciences > HF Commerce > HF5601 Accounting
Divisions: Fakultas Ekonomi
Depositing User: Dr. Lilik Handajani
Date Deposited: 23 Oct 2020 01:59
Last Modified: 23 Oct 2020 01:59

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