ANTESEDEN DAN KONSEKUENSI INTELLECTUAL CAPITAL DISCLOSURE

Abstract

This study focus on investigating the influence of company characteristics which consisting of board of commisioner size, independent commisioner, diversity of commisioner, size, age, leverage, type of auditor, and type of industry to intellectual capital disclosure (ICD) and also the influence of Intellectual Capital Disclosure (ICD) on market capitalization. Intellectual Capital Disclosure (ICD) is seen as independent variable as well as dependent variable. Intellectual capital disclosure (ICD) is measured by intellectual capital disclosure index that using content analysis with four-way numerical coding system. The framework of ICD based on ICD-In which is developed in accordance of Bapepam Chairman Decree No: Kep-431/BL/2012 concerning Submission of Publicly Listed Company Annual Reports. The population in this study consists of companies listed in The Indonesia Stock Exchange–2014. Furthermore, the sample is 84 companies selected by Slovin formula and proportionate stratified random sampling method. The multiple regression analysis and simple regression are then employed in this study. Findings of this study showed that size, age, leverage, and type of industry significantly influenced the intellectual capital disclosure (ICD). However board of commisioner size, independent commisioner, diversity of commisioner, type of auditor didn‘t significantly influenced the intellectual capital disclosure (ICD). Moreover, this study provided evidence that intellectual capital disclosure (ICD) had significantly positive affect on the market capitalization.