PENGARUH STRUKTUR CORPORATE GOVERNANCE TERHADAP PENGUNGKAPAN INTELLECTUAL CAPITAL PADA PERUSAHAAN YANG TERDAFTAR DI BURSA EFEK INDONESIA

Abstract

Intellectual capital is important information to stakeholders intheir decision making. Although, intellectual capital is valuable information, bu~rlnancial reports fail to reflect such a wide range of value-creating ofintellectual capital. Therefore, corporate governance mechanism shoul have ability to support company to disclose about intellectual capital. This study investigates the relationship between intellectual capital disclosure and corporate governance variables forlisted firms in Indonesia Stock Exchange. This study using content analysis methode to get information from annual report and multiple regression analysis. Based on 23 sample listedfirms in Indonesia Stock Exchange in 2006 and 2007. Intellectual capital disclosure is measured by a disclosure index score, supported by word count and percentage of word count to assess the variety, volume and focus of intellectual capital disclosure. The independent variables are corporate governance structure : board composition ownership structure, audit committee size, andfrequency ofaudit committee. Result ofthe analysis based on disclosure index (ICDI), word count (ICWC), and percentage of word count (ICWC%) of intellectual capital disclosure indicate there is negative relationship between intellectual capital disclosure with ownership structure and positive reationship between intellectual capital disclosure with audit committee size, but no relationship between board composition, and frequency of audit committee. Keywords : intellectual capital disclosure, corporate governance, content analysis, annual report