Intellectual Capital Disclosures and Corporate Governance in Gaining the Firms’ Non-Discretionary Profits and Market Value in ASEAN-5

Hatane, Saarce Elsye; Nathania, Felicia; Lamuel, Jocelyn; Darusman, Fenny; Devie,

doi:10.15388/omee.2020.11.34

Cited by 6 publications

(3 citation statements)

References 69 publications

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“…(Guthrie et al, 2006). Intellectual capital is an important resource in gaining a sustainable competitive advantage (Hayton, 2005), create value and improve company performance and growth Hatane et al, (2021). This shows that there has been a shift to a knowledge-based economy that has triggered the important role of intellectual capital in the creation of corporate value (Holland, 2003).…”

Section: Regression Analysis Resultsmentioning

confidence: 99%

Intellectual Capital Disclosure: Determining Factors and Their Impact on Company Value

Rosharlianti¹

2022

JICP

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Disclosure of intellectual capital in Indonesia is still voluntary, it has been implicitly regulated in PSAK No. 19. This study will examine the determinants of intellectual capital disclosure and its consequences on firm value. The determining factors that are thought to influence the disclosure of intellectual capital in Indonesia are listing age, firm size and industry of type. The impact of intellectual capital disclosure is the value of the company. The research population is all companies that are included in LQ45 on the Indonesia Stock Exchange in the period 2015 to 2020. The number of research samples is 132 observations. The analysis used is multiple linear regression. The results of this study indicate that Listing age affects intellectual capital disclosure, Firm size affects intellectual capital disclosure, Industry of type does not affect intellectual capital disclosure and Intellectual capital disclosure affects firm value. The implication of these findings is that companies are starting to realize the importance of the role of intellectual capital in creating a company's sustainable competitive advantage. Intellectual capital is an important resource in the information and knowledge era for company growth that companies need to disclose to investors and potential investors.

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Section: Regression Analysis Resultsmentioning

confidence: 99%

Intellectual Capital Disclosure: Determining Factors and Their Impact on Company Value

Rosharlianti¹

2022

JICP

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“…Second, this region is embracing modern technology such as VCs, which could generate benefits but also risks to the financial systems. Third, the regulators in this region have adopted diverse regulatory responses to handle the risks associated with VCs (Hatane et al , 2020). Among these countries, Malaysia and Philippines are classified as countries which recognize the legitimacy of VCs, while Indonesia and Vietnam are countries which do not.…”

Section: Background Of Virtual Currency Development Literature Review...mentioning

confidence: 99%

Influence of virtual currency development and investor attention on financial stocks’ value: evidence from selected Asian equity markets

Ang

Chow

2022

JFRC

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Purpose The purpose of this study is to examine the influence of virtual currency (VC) development on financial stocks’ value in selected Asian equity markets and the moderating role of investor attention on this relationship. Design/methodology/approach The pooled ordinary least squares regression is used on a sample of 138 listed financial firms from four emerging Asian countries for the period 2016–2020. Findings This study finds that changes in VC values have greater spillover effects on the values of financial stocks in countries which do not recognize the legitimacy of VCs than in countries which do, due to the lack of breadth and depth of the former markets. Moreover, this paper also reports evidence of the greater moderating role of investor attention on this relationship in countries which do not recognize the legitimacy of VCs than in countries which do. Originality/value Although numerous studies have been conducted on the influence of VCs on stock performance, majority of these studies did not distinguish whether the sample countries being studied actually recognize the legitimacy of VC transactions or not. Moreover, extant literature has not considered the moderating role of investor attention on this relationship. It is the aim of this study to address these research voids by using a refined three-factor theory model of capital asset pricing model incorporating VCs to better represent stock performance in the digital economy era.

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“…The assessment of a company's performance is of considerable significance for potential investors in the context of the investment procedure [48] Investors tend to allocate their investments exclusively to companies that display positive performance or offer robust prospects for future development. The assessment of financial performance can be carried out by employing accounting-based and market-based indicators [21,35,48]. The assessment of market-based corporate performance can be carried out by employing two primary indicators, Tobin's q (TBQ) and Market to Book Value (MBV).…”

Section: Introductionmentioning

confidence: 99%

Sustainability Disclosure And Firm Performance: The Role Of CEO Power As Moderation

Suharyono,

Zarefar

2024

Proceedings of the 11th International Applied Business and Engineering Conference, ABEC 2023, September 21st, 2023, Bengkalis,

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The issue of sustainability has become a critical and very important issue to be discussed because of the increase in environmental damage, unethical corporate behaviour, exploitation of child labour and other economic, social and environmental challenges. Companies that implement sustainability practices publish their sustainability activities in sustainability reports, considered an integral part of the communication process between business enterprises and various stakeholders. The activities are summarised in a separate sustainability report, which is then audited before being presented to stakeholders. This study aims to examine the effect of sustainability disclosure on firm performance, as well as to examine the effect of CEO Power as a moderator between the relationship between sustainability disclosure and company performance. Sustainability disclosure is measured using the GRI index, CEO Power is measured by the number of years of experience as CEO, and accounting performance is measured by ROA, while market performance is measured by Tobin's Q. This study uses panel data analysis with Generalised Least Square (GLS) technique with a sample of primary and secondary sector companies listed on the Indonesia Stock Exchange (IDX) in the observation period 2014-2020. The results show that sustainability disclosure has a significant effect on company performance, both accounting-based and market-based performance. However, the presence of CEOs with work experience as CEOs in previous companies cannot have a significant effect on the relationship between sustainability disclosure and firm performance. These results have implications for strengthening the focus of companies to start presenting more comprehensive non-financial information such as sustainability reports that have an impact on improving company performance, especially market performance.

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Intellectual Capital Disclosures and Corporate Governance in Gaining the Firms’ Non-Discretionary Profits and Market Value in ASEAN-5

Cited by 6 publications

References 69 publications

Intellectual Capital Disclosure: Determining Factors and Their Impact on Company Value

Intellectual Capital Disclosure: Determining Factors and Their Impact on Company Value

Influence of virtual currency development and investor attention on financial stocks’ value: evidence from selected Asian equity markets

Sustainability Disclosure And Firm Performance: The Role Of CEO Power As Moderation

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