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ABSTRACT
The shifting view that occurs with the changing business environment into
knowledge based business, making tangible assets becomes less important than
the intangible assets represented by intellectual capital. This changes the
relevance of the information presented by the financial reporting system to the
decision making done by the investor. The price of shares to be paid by investors
in the stock market reflects the value of an enterprise. The problem in this
research is the increasing of gap between market value and book value of equity
of company in financial market which allegedly caused by intellectual capital
disclosure. This study aims to analyze the influence of determinants of intellectual
capital disclosure and its impact on the value of companies in manufacturing
companies listed on the BEI in the period 2012-2015.
The population in this study are all manufacturing companies listed on the
BEI in the period 2012-2015. The method used is purposive sampling method. The
test equipment in this research uses structural equation modeling.
The result of this research is profitability and growth have positive effect
on intellectual capital disclosure. While the company's age, firm size, and
leverage have no effect on intellectual capital disclosure. Intellectual capital
disclosure positively affects the value of the company.
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