PENGARUH STRUKTUR TATA KELOLA PERUSAHAAN TERHADAP EFISIENSI MODAL INTELEKTUAL (Studi Empiris pada Perusahaan Manufaktur di Indonesia Tahun 2015-2016)

Abstract

The purpose of this study is to examine the effect of corporate governance structure on the efficiency of intellectual capital in manufacturing companies listed in Indonesia Stock Exchange (IDX). Independent variables used in this study are board of commissioners size, board of directors size, audit committee composition, as well as nomination and remuneration committee composition. The dependent variable used is the intellectual capital efficiency measured by the ICE method which is also part of VAICTM. Meanwhile, the hypothesis contained in this study is that the size of the board of commissioners negatively affects the efficiency of intellectual capital, the size of directors positively affects the efficiency of intellectual capital, the audit committee composition positively affects the efficiency of intellectual capital, and the composition of nomination and remuneration committees positively affects the efficiency intellectual capital. This study uses a sample of manufacturing sector companies listed on the Indonesia Stock Exchange (IDX). The data is collected using purposive sampling method. The number of samples used is 28 companies with a research period of 2 years, ranging from 2015 to 2016. In analyzing the data, this study used multiple linear regression. The result of the regression analysis shows that the size of the board of commissioners, the size of the board of directors and the composition of the audit committee have a significant effect on the efficiency of intellectual capital. Different results were obtained on the composition of the nomination and remuneration committees, showing that it did not significantly affect the efficiency of intellectual capital.