The information content of unexpected stock returns: Evidence from intellectual capital

Lin, Yi‐Mien; Lee, Chih-Chen; Chao, Chin-Fang; Liu, Chih-Liang

doi:10.1016/j.iref.2014.11.024

Cited by 13 publications

(7 citation statements)

References 45 publications

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“…Seluruh keterampilan karyawan, organisasi serta kemampuan perusahaan dalam memproduksi value added dan kualitas kompetitif merupakan cakupan dari intellectual capital. Peran penting dari intellectual capital dalam praktik yaitu nilai pasar didorong jauh di atas nilai buku di perusahaan seperti Apple, Microsoft, Google, serta Amazon karena intellectual capital yang melimpah (Lin et al, 2015).…”

Section: Intellectual Capitalunclassified

Pengaruh Corporate Governance dan Intellectual Capital Terhadap Nilai Perusahaan

Fitriyani

Dharma²,

Susilowati³

2022

efebe

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Mechanism of corporate governance, independent commissioners and institutional ownership with intellectual capital as independent variables in this study examines positive influence on firm value. Using a research sample of cyclical sector companies on the IDX in 2017-2020 with a total of 352 data observations. The test instrument is multiple linear regression analysis processed using the SPSS 26 application. The results found that independent commissioners have a negative effect on firm value, institutional ownership has an effect on firm value and intellectual capital has a negative effect on firm value in cyclical sector companies on the IDX in 2017- 2020.

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Section: Intellectual Capitalunclassified

Pengaruh Corporate Governance dan Intellectual Capital Terhadap Nilai Perusahaan

Fitriyani

Dharma²,

Susilowati³

2022

efebe

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Section: Literature Review and Hypothesismentioning

confidence: 99%

“…Investors are quite interested in buying shares when the company has implemented ICE. Lin et al (2015) and Ozkan et al (2017) show that the greater the ICE, the more it reduces stock price crashes. Jerzak (2015) shows that human capital constitutes inborn skills and acquired skills, which, if invested efficiently, can strengthen the company's position, helping it gain competitive advantage.…”

Section: Intellectual Capital Efficiencymentioning

confidence: 99%

Does intellectual capital have any influence on stock price crash risk?

Probohudono

Pratiwi

Rochmatullah

2021

JIC

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PurposeThis paper explores the influence between intellectual capital (IC) and the risk of stock price crashes by using company performance as an intervening variable.Design/methodology/approachThis study empirically analyzes the impact of the efficiency of IC on stock price crash risk using a sample size of 152 companies listed on the Indonesia Stock Exchange (IDX) during 2018. To test the research hypotheses, regression analysis and path analysis were applied. In addition, the researchers added exploration to several studies to strengthen the results of this study.FindingsThis study’s findings indicate that investors' optimistic (pessimistic) sentiment regarding stock price volatility has obscured aspects of the financial performance of listed companies. This finding implies that investor sentiment has dominated influence on stock price crash risk so that the aspects of IC are obscured.Originality/valueThis research provides new information that IC disclosure in the stock market needs to include knowledge of the volatility of stock prices in order to reveal stock price crash risk.

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“…Intellectual capital is reported in various media, as corporations acknowledge the importance to report its intellectual capital to the stakeholders (for example, Davison, 2014;Lin et al, 2015;Lu et al, 2014;Wang et al, 2014). The most common media used by corporation to report its intellectual capital (as well as communicating other important thing) is via annual report.…”

Section: Introductionmentioning

confidence: 99%

Intellectual capital reporting: case study of high intellectual capital corporations in Indonesia

Mulyadi

Panggabean

2017

IJLIC

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Abstract:The term intellectual capital emerges as the economic activity shift from agricultural economy to knowledge economy, and it allows corporations to earn competitive advantage over its competitors. Considering its importance, many researches have focused on how corporations report its intellectual capital information. This research analyses intellectual capital reporting of Indonesian corporations. Indonesia is chosen as our research object as it is a developing country with the economy focused on low reliance on intellectual capital. To control this context of low reliance on intellectual capital economy, we chose two industries that are known to have a high reliance on intellectual capital. This research provides an answer as to whether corporations in a low intellectual capital country report their intellectual capital information. Our research documents that Indonesian corporations in the finance and pharmaceutical industry are aware of the importance of intellectual capital, and variations of this disclosure exist within industry.

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The information content of unexpected stock returns: Evidence from intellectual capital

Cited by 13 publications

References 45 publications

Pengaruh Corporate Governance dan Intellectual Capital Terhadap Nilai Perusahaan

Pengaruh Corporate Governance dan Intellectual Capital Terhadap Nilai Perusahaan

Does intellectual capital have any influence on stock price crash risk?

Intellectual capital reporting: case study of high intellectual capital corporations in Indonesia

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