INTELLECTUAL CAPITAL DAN PENGUNGKAPANNYA TERHADAP NILAI PERUSAHAAN YANG TERDAFTAR DI BURSA EFEK INDONESIA
Daftar Isi:
- Intellectual capital is an intangible asset used to improve corporate performance and corporate value creation. This study aimes to examine the effect of intellectual capital and intellectual capital disclosure on a firm value. The population in this study is capital-intensive companies intellectual listed in Indonesia Stock Exchange. The sample is set by using purposive sampling method. The study sample was obtained from 72 companies. The results show that the first hypothesis (H1) stating intellectual capital that has an influence on the value of the company, is rejected. This means that investors do not give a higher valuation on companies that have a higher intellectual capital. However, the second hypothesis (H2) states that the disclosure of intellectual capital on firm value, is accepted. This indicates that the disclosure of intellectual capital will reduce the asymmetry of information and increase the value of the company.