The Impact of Corporate Governance on Intellectual Capitals Efficiency in Indonesia

Widijaya Widijaya, Angelica Angelica

Abstract


The purpose of this study is to evaluate the impact of corporate governance (board size, board independence, audit committee financial expertise, audit committee independence, and audit committee size) on intellectual capital (IC) in companies listed on the Indonesia Stock Exchange (IDX). The method used for this quantitative research to test the relation between corporate governance and intellectual capital is panel data regression by using secondary data from the 2016-2020 financial report. The number of samples are 429 companies with 2.145 observations that meet the conditions and criteria. This research shows that board independence has a significant positive effect on intellectual capital, meanwhile, board size, audit committee financial expertise, audit committee independence, and audit committee size do not affect intellectual capital. The control variable in this research shows that firm size has a significant positive effect on intellectual capital, meanwhile, leverage and return on investment do not affect intellectual capital.


Keywords


corporate governance;audit committee characteristics; intellectual capital

Full Text:

PDF

References


Anam Ousama, A., Fatima, A., & Rashid Hafiz‐Majdi, A. (2012). Determinants of intellectual capital reporting. Journal of Accounting in Emerging Economies, 2(2), 119–139. https://doi.org/10.1108/20421161211229808

Anna, Y. D., & RT, D. R. D. (2018). Pengaruh Karakteristik Perusahaan dan Corporate Governance Terhadap Intellectual Capital Disclosure Serta Dampaknya Terhadap Nilai Perusahaan. Pengaruh Karakteristik Perusahaan Dan Corporate Governance Terhadap Intellectual Capital Disclosure Serta Dampaknya Terhadap Nilai Perusahaan, 6(2), 233–246. https://doi.org/10.17509/jrak.v6i2.11960

Appuhami, R., & Bhuyan, M. (2015). Examining the influence of corporate governance on intellectual capital efficiency: Evidence from top service firms in Australia. Manajerial Auditing Journal, 30(4/5), 347–372. https://doi.org/https://doi.org/10.1108/MAJ-04-2014-1022

Dashtbayaz, M. L., Salehi, M., Mirzaei, A., & Nazaridavaji, H. (2020). The impact of corporate governance on intellectual capitals efficiency in Iran. International Journal of Islamic and Middle Eastern Finance and Management, 13(4), 749–766. https://doi.org/10.1108/IMEFM-11-2017-0291

Dewi, H. R., & Dewi, L. M. C. (2020). Modal intelektual dan nilai perusahaan pada industri jasa dan pertambangan di Indonesia. Proceeding of National Conference on Accounting & Finance, 2(2012), 132–143. https://doi.org/10.20885/ncaf.vol2.art11

Febrian, Y. E. (2019). Analisis Faktor-Faktor Pengungkapan Intellectual Capital (Pada Perusahaan Farmasi Yang Terdaftar Di BEI Tahun 2011-2017) Yudha. Jurnal Riset Akuntansi Tirtayasa, 04(02), 145–163.

Ghozali, I. (2018). Aplikasi Analisis Multivariate Dengan Program IBM SPSS 25 (9th ed.). Badan Penerbit Universitas Diponegoro. http://opac.lib.ugm.ac.id/index.php?mod=book_detail⊂=BookDetail&act=view&typ=htmlext&buku_id=776877&obyek_id=1

Hantono. (2016). Pengaruh Ukuran Perusahaan, Total Hutang, Current Ratio, Terhadap Kinerja Keuangan dan Harga Sebagai Variabel Moderating. Jurnal Wira Ekonomi Mikroskil, 6(1), 35–44.

Hidalgo, R. L., García-Meca, E., & Martínez, I. (2011). Corporate Governance and Intellectual Capital Disclosure. Journal of Business Ethics, 100(3), 483–495. https://doi.org/10.1007/s10551-010-0692-x

Indah, N., & Handayani, S. (2017). Pengaruh Corporate Governance Terhadap Intellectual Capital Disclosure. Diponegoro Journal of Accounting, 6(3), 471–478.

Istanti, S. L. W. (2009). Faktor-Faktor yang Mempengaruhi Pengungkapan Sukarela Modal Intelektual. In Tesis.

Kasmawati, Y. (2017). Human Capital dan Kinerja Karyawan (Suatu Tinjauan Teoritis). JABE (Journal of Applied Business and Economic), 3(4), 265. https://doi.org/10.30998/jabe.v3i4.1781

Kosasih, fransiska natalia, & Widayati, C. (2013). Pengaruh Independensi Komite Audit, Efektivitas Komite Audit Dan Leverage Terhadap Praktik Manajemen Laba Pada Perusahaan Di Sektor Industri Manufaktur Yang Terdaftar Di BEI Periode 2009 - 2011. Jurnal Akuntansi, XVII(01), 132–148.

Li, J., Mangena, M., & Pike, R. (2012). The effect of audit committee characteristics on intellectual capital disclosure. British Accounting Review, 44(2), 98–110. https://doi.org/10.1016/j.bar.2012.03.003

Mahadewi, A. A. M., Mahaputra, I. N. K. A., & Suryandari, N. N. A. (2013). Pengaruh Dewan Komisaris Dan Komite Audit Pada Pengungkapan Modal Intelektual Perusahaan yang Go Public Di Bursa Efek Indonesia. Prosiding Simposium Nasional Akuntansi Vokasi Ke-2, Ic, 182–194.

Masita, M., & Muslih, M. (2017). Pengaruh Karakteristik Komite Audit Dan Kinerja Intellectual Capital Terhadap Pengungkapan Intellectual Capital. E-Jurnal Akuntansi, 0(0), 1663–1715.

Nugroho, A. (2012). Faktor-Faktor Yang Mempengaruhi Intellectual Capital Disclosure (Icd). Accounting Analysis Journal, 1(2). https://doi.org/10.15294/aaj.v1i2.702

Nurdin, nurul nisah, Hady, H., & Nalurita, F. (2019). Pengaruh Ukuran Perusahaan, Profitabilitas Dan Leverage Terhadap Pengungkapan Intellectual Capital. Seminar Nasional Pakar, 1–7.

Prameswari, F. D. (2014). Pengaruh Karakteristik Komite Audit Dan Auditor Eksternal Terhadap Pengungkapan Modal Intelektual. None, 3(3), 389–396.

Purnomosidhi, B. (2013). Analisis Empiris Terhadap Diterminan Praktik Pengungkapan Modal Intelektual Pada Perusahaan Publik di BEJ. Journal of Chemical Information and Modeling, 53(9), 1689–1699.

Rangkuti, M. M. (2019). Pengaruh Modal Intelektual Dan Kinerja Keuangan Terhadap Nilai Perusahaan Dengan Return On Investment Sebagai Variabel Pemoderasi Pada Industri Pertambangan Di Bursa Efek Indonesia [Universitas Sumatera Utara]. http://repositori.usu.ac.id/bitstream/handle/123456789/22048/167017079.pdf?sequence=1&isAllowed=y

Shafa, S., & Syafruddin, M. (2020). Efisiensi Modal Intelektual. Diponegoro Journal of Accounting, 9(2), 1–9.

Sinaga, A. L., & Sudarno. (2018). Pengaruh Tata Kelola Perusahaan Terhadap Pengungkapan Modal Intelektual. Diponegoro Journal of Accounting, 7(4), 1–13. https://doi.org/10.28932/jam.v13i1.3118

Sinurat, I. N., Daat, S. C., & Hutadjulu, L. Y. (2019). Pengaruh Good Corporate Governance dan Intellectual Capital Terhadap Financial Performance. Jurnal Akuntansi Dan Keuangan Daerah, 14(1), 100–119.

Supriatna, A., & Ermond, B. (2019). Peran Direktur Independen Mewujudkan Good Corporate Governance. Jurnal Yuridis, 6(1), 67–93.

Trautman, L. J. (2012). Who Qualifies as an Audit Committee Financial Expert Under SEC Regulations and NYSE Rules? In SSRN Electronic Journal. https://doi.org/10.2139/ssrn.2137747

Wollie, G. (2018). The Relationship between Inflation and Economic Growth in Ethiopia. Budapest International Research and Critics Institute (BIRCI-Journal), 264-271.

Yuskar, & Novita, D. (2014). Analisis Pengaruh Intellectual Capital Terhadap Nilai Perusahaan Dengan Kinerja Keuangan Sebagai Variabel Intervening Pada Perusahaan Perbankan Di Indonesia. Jurnal Manajemen Dan Bisnis Sriwijaya, 12(4), 331–356. https://doi.org/10.29259/jmbs.v12i4.3184




DOI: https://doi.org/10.33258/birci.v4i4.2899

Article Metrics

Abstract view : 151 times
PDF - 67 times

Refbacks

  • There are currently no refbacks.


Creative Commons License
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

 

Creative Commons License
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.