PENGARUH INTELLECTUAL CAPITAL, PENGUNGKAPAN INTELLECTUALCAPITAL DAN KARAKTERISTIK PERUSAHAAN TERHADAP NILAI PERUSAHAAN

Abstract

This researchis aimed to examine the influence of intellectual capital, intellectual capital disclosure, and
corporate characteristics to the firm value, through annual report which has been prepared by the LQ-45
companies in 2012-2015 periods which are listed in Indonesia Stock Exchange (IDX). The corporate
characteristics in reflected by several indicators, i.e.: firm size, leverage, profitability, and firm age. The
population has been obtained by using purposive sampling method to the LQ-45 companies which are listed in
Indonesia Stock Exchange (IDX) from February 2013 to February 2016. Based on the predetermined criteria, 25
companies in 2012-2015 periode have been selected as samples. So, 100 sample companies have been used as the
circular. The analysis method has been carried out by using multiple linear regressions analysis and the SPSS
(Statistical Product and Service Solutions) application tool. The result of t test shows that intellectual capital
and firm size give negative influence to the firm value. The intellectual capital disclosure, leverage, and
profitabilily give positive influence to the firm value. Mean while, firm age does not give any influence to the
firm value.

Keywords: Intellectual capital, intellectual capital disclosure, corporate characteristics, firm value.