Do Intellectual Capital, Corporate Social Responsibility, and Good Corporate Governance Affect Indonesia�s Mining Companies Value?

Nadia Azalia Putri ()
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Nadia Azalia Putri: University of Jember, Indonesia. Author-2-Name: Tatang Ary Gumanti Author-2-Workplace-Name: University of Jember, Indonesia. Author-3-Name: Isti Fadah Author-3-Workplace-Name: University of Jember, Indonesia. Author-4-Name: Supriyadi Author-4-Workplace-Name: Jember State Polytechnic, Indonesia

GATR Journals from Global Academy of Training and Research (GATR) Enterprise

Abstract: "Objective �The purpose of this study was to analyze the effect of Intellectual Capital (IC), Corporate Social Responsibility (CSR) disclosure, and Good Corporate Governance (GCG) on the value of mining companies (as measured by Tobin's Q) listed in Indonesia Stock Exchange period 2011-2015. Methodology/Technique � Intellectual capital was measured by Value Added Capital Employed (VACA), Value Added Human Capital (VAHU), and Structural Capital Value Added (STVA). CSR disclosure was measured using Global Reporting Initiative index. GCG was proxied using independent commissioner, managerial ownership, audit committee, and institutional ownership. Empirical analysis was conducted using linear multiple regression analysis. The samples consisted 15 mining firms. Findings �The results showed that VACA, VAHU, and institutional ownership had a positive and significant effect on company value. STVA and independent commissioner have a positive but insignificant effect on company value. Audit committee and managerial ownership have a negative and insignificant effect on company value. Novelty � The study suggests managers to improve the company value by investing IC subcomponents; that is, physical capital and human capital and also add the number of shares held by institutions."

Keywords: Company Value; Corporate Social Responsibility; Good Corporate Governance; Intellectual Capital. (search for similar items in EconPapers)
JEL-codes: M14 M41 M51 (search for similar items in EconPapers)
Pages: 7
Date: 2017-04-13
New Economics Papers: this item is included in nep-acc, nep-cfn and nep-sea
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Published in Accounting and Finance Review, Volume 2, Issue 2

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