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

Abstract

The purpose of this research is to investigate the relationship between corporate governance structures and intellectual capital disclosure (ICD). The research problems is how the influences of proportion of independent non-executive director, share concentration, size of audit committee, frequency of audit committee meetings, external auditor, managerial ownership and institution ownership on intellectual capital disclosure. This research use samples of 36 listed firms on Indonesian Stock Exchange in 2008. The sampling method is purposive sampling. The purposive sampling criteria are used in this research are companies which fully publish annual report contains data about independent commissioners, share ownership ≥5%, number of audit committee, frequency of audit committee meetings, independent auditor, managerial ownership, institution ownership. Data is collected by documentation and content analysis method. Then dependent variables are analyzed by factor analysis to determine new one dependent variable as result of summarization of variables dependent. Furthermore, research data are analyzed by multiple regression analysis. Results of the analysis based on the measure of intellectual capital disclosure (ICD), it indicates there are significantly influences between all the corporate governance structures except for proportion of independent non-executive directors, size of audit committee and external auditor on intellectual capital disclosure. The proportion of independent non-executive directors does not significantly influence to ICD, so H1 rejected. Share concentration significantly influences to ICD, so H2 accepted. Size of audit committee does not significantly influences to ICD, so H3 rejected. Frequency of audit committee meetings significantly influences to ICD, so H4 accepted. External auditor does not significantly influences to ICD, so H5 rejected. Management ownership significantly influences to ICD, so H6 accepted. Insitutional ownership significantly influences to ICD, so H7 accepted.