EFFECT OF INTELLECTUAL CAPITAL DISCLOSURE ON SHARE PRICE
Main
Kurnia Dani Yudhitya*
Diah Agustina Prihastiwi
Changes and developments in technology and knowledge have an impact on the business world, making intangible assets critical to a company’s success. However, awareness about the importance of disclosure of intangible assets, especially intellectual capital, is still low. This study aims to analyze the disclosure of intellectual capital as measured using Value Added Intellectual Capital (VAIC) related to its relevance to stock prices as measured using the closing price. The population taken is companies that are listed on the Indonesia Stock Exchange, especially those in the infrastructure sector companies in 2020-2021. By using purposive sampling in the use of samples, it was found that there were 68 observations were acquired during the course of two-year observation period. The findings show that intellectual capital does not significantly affect the stock price variable. In other words, that more information about intellectual capital does not increase stock prices, and vice versa.
Aida, R. N., & Rahmawati, E. (2015). Pengaruh Modal Intelektual dan Pengungkapannya Terhadap Nilai Perusahaan: Efek Intervening Kinerja Perusahaan. Jurnal Akuntansi Dan Investasi, 16(2), 96–109. https://doi.org/10.18196/JAI-2015.0035
Dewan Perwakilan Rakyat Indonesia. (2007). Undang-Undang Republik Indonesia Nomor 40 Tahun 2007 tentang Perseroan Terbatas.
Dutrianda, I. P. D. N., & Pangaribuan, H. (2020a). Pengaruh Intellectual Capital Disclosure Terhadap Nilai Perusahaan dan Harga Saham. Pengaruh Intellectual Capital Disclosure Terhadap Nilai Perusahaan Dan Harga Saham, 10–27.
Dutrianda, I. P. D. N., & Pangaribuan, H. (2020b). Pengungkapan Informasi Modal Intelektual , Nilai Perusahaan dan Harga Saham Information Disclosure on Intellectual Capital , Company Value. Infestasi, 16(2), 179–191.
Ferdiansyah, M. A., & Faisal, F. A. (2020). Faktor-Faktor Nilai Perusahaan: Kajian Berdasarkan Modal Intelektual, Pertumbuhan dan Kinerja Perusahaan. E-Jurnal Akuntansi, 30(4), 911–921. https://doi.org/10.24843/eja.2020.v30.i04.p09
Harini, R. I. S., Riharjo, I. B., & Priyadi, M. P. (2020). Akuntansi Sumber Daya Manusia sebagai Human Capital pada PT. PAL Indonesia (Persero). Jurnal Ilmu Dan Riset Akuntansi, 9(11), 1–29.
Ikatan Akuntansi Indonesia. (2019). Pernyataan Standar Akuntansi Keuangan Aset Takberwujud (PSAK No.19).
Iskandar, R., Azis, M., & Rahmat, N. (2019). Vaic mediated by financial performance and gcg increase stock prices. International Journal of Scientific and Technology Research, 8(12), 164–168.
Kusufiyah, Y. V., Dahar, R., & Rahmi, F. (2017). Efek Intellectual Capital terhadap Harga Saham dengan Kinerja Keuangan Sebagai Variabel Moderating. Jurnal Ekonomi & Bisnis Dharma Andalas, 19(1), 150–163.
Nirmolo, D., & Widjajanti, K. (2018). Analisis Faktor-Faktor Yang Mempengaruhi Harga Saham Dengan Nilai Perusahaan Sebagai Variabel Intervening. Jurnal Riset Ekonomi Dan Bisnis, 11(1), 40. https://doi.org/10.26623/jreb.v11i1.1076
Pangaribuan, H. (2018). An Examination of Voluntary Disclosure, Independent Board, Independent Audit Committee and Institutional Ownership: Firm Size As A Moderator. Jurnal Muara Ilmu Ekonomi Dan Bisnis, 2(2), 522–534. https://doi.org/10.52962/ipjaf.2019.3.2.68
Setianto, A. P., & Purwanto, A. (2014). Analisis faktor-faktor yang mempengaruhi pengungkapan modal intelektual (studi empiris pada perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia). Diponegoro Journal of Accounting, 3(4), 1–15.
Simajuntak, E. T. (2022). The Effect Of Dividend Policy And Macroeconomics On Stock Prices:(Empirical Study on Basic and Chemical Industry Sector Companies Listed on the Indonesia Stock Exchange 2016-2020 Period). Journal Of Management, Accounting, General Finance And International Economic Issues (MARGINAL), 1(4), 79–90.
Sugianto, A., & Rudiawarni, F. A. (2018). Pengungkapan Informasi Human Capital Dan Harga Saham: Studi Pada High Intellectual Capital (Ic) Intensive Industries Di Bursa Efek Indonesia. Equilibrium: Jurnal Ekonomi-Manajemen-Akuntansi, 14(2), 113. https://doi.org/10.30742/equilibrium.v14i2.465
Suhermin, A. (2014). The effect of intellectual capital on stock price and company value in manufacturing companies listed in Indonesia Stock Exchange 2008-2012 with size and leverage as moderating variables. The Indonesian Accounting Review, 4(02), 157. https://doi.org/10.14414/tiar.v4i02.331
Sunardi, N. (2019). Relevansi Intelectual Capital terhadap Harga dan Retun Saham di Industri Perbankan Pemerintah di Indonesia. Jurnal Ilmiah Manajemen Forkamma, 3(1), 95–108.
Susanti, N., Widajatun, V. W., Sumantri, M. B. A., & Nugraha, N. M. (2020). Implications of Intellectual Capital Financial Performance and Corporate Values (Studies on Goods and Consumption Sector 2013-2017 period). International Journal of Psychosocial Rehabilitation, 24(07), 6588–6599.
Ulum, I. (2013). Model Pengukuran Kinerja Intellectual Capital Dengan Ib-Vaic Di Perbankan Syariah. Inferensi, 7(1), 185. https://doi.org/10.18326/infsl3.v7i1.185-206
