Title: Intellectual capital disclosure, corporate governance structure and firm value in Indonesian banking industry
Authors: Lia Uzliawati; Kartika Djati
Addresses: Accounting Department of Economics Faculty, Sultan Ageng Tirtayasa University, Jakarta KM.4, Pakupatan, Banten, Indonesia ' Accounting department of Economic Faculty, Serang Raya University, KH. Amin Jasuta No. 15c, Banten, Indonesia
Abstract: This paper, using data from 31 banks listed in Indonesia, investigates the relationship of corporate governance structure on firm value with intellectual capital disclosure (ICD) as an mediating variable. The results show that the proportion of independent board and audit committee is positively associated with firm value, while the proportion of independent commissioner, educational background in accounting or finance is negatively associated with firm value; proportion of independent board, audit committee size, proportion of independent audit committee and the educational background of financial accounting or audit committee are positively associated with ICD, as well as disclosure of IC has a positive effect on firm value. Further findings based on the results of path analysis show corporate governance structure affects firm value through ICD.
Keywords: intellectual capital disclosure; ICD; corporate governance; firm value; Indonesia; banking industry; independent boards; audit committees; independent commissioners; educational background; governance structures.
International Journal of Monetary Economics and Finance, 2015 Vol.8 No.2, pp.162 - 177
Published online: 23 Jul 2015 *Full-text access for editors Access for subscribers Purchase this article Comment on this article