Intellectual capital disclosure and profitability on Company value in Banking
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Jul 3, 2023
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Abstract
Company Value consider by investors to make investment decisions. Companies that have high company value will affect investor confidence to invest in a company. Based on the phenomenon and agency theory, company value is influenced by Intellectual Capital Disclosure and Profitability. Intellectual capital is an intangible asset owned by a company that can have added value to company value. This study aims to examine the effect of Intellectual Capital Disclosure on Company value. The sample used in this study is the banking annual report listed on the IDX for 2017-2021. Multiple Regression is used as an analytical tool in this study. The results of the study show that intellectual capital disclosure has a significant negative effect on company value. Meanwhile, Profitability has a significant positive effect on company value. Profitability is a one mind factor that is considered by investors when making an investment.
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How to Cite
Innayah, S., Uzliawati2 L., & Yulianto, A. S. (2023). Intellectual capital disclosure and profitability on Company value in Banking . Enrichment : Journal of Management, 13(2), 1588-1594. https://doi.org/10.35335/enrichment.v13i2.1352
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Uzliawati, L. (2015). Dewan Komisaris Dan Intellectual Capital Disclosure Pada Perbankan Di Indonesia. Jurnal Keuangan Dan Perbankan, 19(2), 226–234.
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Apriliyanti, V., Hermi, H., & Herawaty, V. (2019). Pengaruh kebijakan hutang, kebijakan dividen, profitabilitas, pertumbuhan penjualan dan kesempatan investasi terhadap nilai perusahaan dengan ukuran perusahaan sebagai variabel moderasi. Jurnal Magister Akuntansi Trisakti, 6(2), 201–224.
Caselli, S., & Negri, G. (2018). The fundamentals of private equity and venture capital. Private Equity and Venture Capital in Europe, 3–17.
Chasanah, N., & Sucipto, A. (2019). Liquidity ratio, profitability, and solvency on stock returns with capital structure as an intervening variable (study on food and beverage sub sector listed in Indonesia Stock Exchange (Idx) period 2013-2017). Ekspektra: Jurnal Bisnis Dan Manajemen, 3(1), 52–68.
Chung, S. G., Ng, J., & Ng, J. (2017). Institutional Knowledge at Singapore Management University Voluntary Fair Value Disclosures Beyond SFAS 157 ’ s Three-level Estimates. 430–468.
Dewi, N. L. P. S., & Novitasari, N. L. G. (2021). Effect of Return on Assets and Company Growth on Company Value (A Case Study of Manufacturing Companies Listed on Indonesia Stock Exchange). International Journal of Accounting & Finance in Asia Pasific, 4(2), 1–11. https://doi.org/10.32535/ijafap.v4i2.1111
Dhani, I. P., & Utama, A. S. (2017). The Effect of Company Growth, Capital Structure, and Profitability on Firm Value. Airlangga Journal of Accounting and Business Research, 2(1), 135–148.
Dharmendra, Ismail, T., Uzliawati, L., & Hanifah, I. A. (2022). The Effect of Gender Diversity and Intellectual Capital Disclosure: Empirical Evidence of Indonesian-Listed Firms. Quality - Access to Success, 23(190), 324–332. https://doi.org/10.47750/QAS/23.190.34
Fama, E. F. (1978). The effects of a firm’s investment and financing decisions on the welfare of its security holders. The American Economic Review, 68(3), 272–284.
Hendraliany, S. (2019). Pengaruh Profitabilitas, Ukuran Perusahaan, Pertumbuhan Perusahaan, Kebijakan Deviden Dan Keputusan Investasi Terhadap Nilai Perusahaan (Studi Empiris pada Perusahaan Property dan Real Estate yang Terdaftar di Bursa Efek Indonesia Periode 2013 – 2017). Jurnal Ekonomika Dan Manajemen, 8(1), 47–58.
Indy, L. A., & Uzliawati, L. (2023). Managerial Ownership , Intellectual Capital , Profitability and Firm Value : Evidence in Indonesian Banking Sector. 5(1), 171–179.
Indy, L. A., Uzliawati, L., & Yulianto, A. S. (2023). Enrichment : Journal of Management Managerial ownership profitability and firm value agency theory perspective. 13(1).
Jogiyanto, H. (2013). Portfolio theory and investment analysis. Yogyakarta: BPFE.
Kusumowardhani, W. (2020). Fundamental factors of firm value: Evidence from the cement industry in Indonesia. Jurnal Inovasi Ekonomi, 5(01), 9–14. https://doi.org/10.22219/jiko.v0i0.10289
Li, J., Pike, R., & Haniffa, R. (2008). Intellectual capital disclosure and corporate governance structure in UK firms. Accounting and Business Research, 38(2), 137–159. https://doi.org/10.1080/00014788.2008.9663326
Nurhayati, E., & Uzliawati, L. (2017). Intellectual Capital Disclosure Based Stakeholders Pada Perbankan Indonesia. Jurnal Akuntansi, 21(3), 484. https://doi.org/10.24912/ja.v21i3.253
Pratama, I., & Wiksuana, I. G. B. (2016). The Effect of Firm Size and Leverage on Firm Value with Profitability as a Mediation Variable. E-Jurnal Manajemen UNUD, 5(2), 1338–1367.
Pulic, A., & Bornemann, M. (1997). The physical and intellectual capital of Austrian banks.
Rivandi, M., & Septiano, R. (2021). Pengaruh Intellectual Capital Disclosure Dan Profitabilitas Terhadap Nilai Perusahaan. Jurnal Akuntansi Trisakti, 8(1), 123–136. https://doi.org/10.25105/jat.v8i1.7631
Ross, S. A. (2013). Corporate Finance, 10.
Septiani, G.R dan Yuyetta, N. . (2013). Analisis Faktor-Faktor Yang Mempengaruhi Pengungkapan Intellectual Capital Pada Prospektus Ipo. Diponegoro Journal of Accounting, 2(3), 335–349.
Solikhah, B., Wahyudin, A., & Rahmayanti, A. A. W. (2020). The Extent of Intellectual Capital Disclosure and Corporate Governance Mechanism to Increase Market Value. The Journal of Asian Finance, Economics and Business, 7(10), 119–128. https://doi.org/10.13106/jafeb.2020.vol7.no10.119
Utami, P., & Welas, W. (2019). Pengaruh Current Ratio, Return On Asset, total Asset Turnover dan Debt To Equity Ratio terhadap nilai Perusahaan (Studi Empiris pada Perusahaan Manufaktur Sub Sektor Properti dan Real Estate yang terdaftar di Bursa efek Indonesia periode 2015-2017). Jurnal Akuntansi Dan Keuangan, 8(1), 57–76.
Uzliawati, L. (2015). Dewan Komisaris Dan Intellectual Capital Disclosure Pada Perbankan Di Indonesia. Jurnal Keuangan Dan Perbankan, 19(2), 226–234.
Widarjo, W., & Bandi. (2018). Determinants of intellectual capital disclosure in the IPOs and its impact on underpricing: evidence from Indonesia. International Journal of Learning and Intellectual Capital, 15(1), 1–19.
Widarjo, W., Rahmawati, Bandi, & Widagdo, A. K. (2019). Underpricing and Intellectual Capital Disclosure: Evidence from Indonesia. Global Business Review, 36. https://doi.org/10.1177/1465750319857017