Indonesian Journal of Applied Accounting and Finance
Vol. 2 No. 1 (2023): June

Do Intellectual Capital and Corporate Governance have Value Relevance to the Market Performance? Evidence from Indonesia

Nadhira Hardiana (Public Financial Accounting Department, Faculty of Economics and Business, Universitas Terbuka, Indonesia)
Noorina Hartati (Public Financial Accounting Department, Faculty of Economics and Business, Universitas Terbuka, Indonesia)
Pesi Suryani (Public Financial Accounting Department, Faculty of Economics and Business, Universitas Terbuka, Indonesia)
Lasando Lumban Gaol (Public Financial Accounting Department, Faculty of Economics and Business, Universitas Terbuka, Indonesia)
Lies Zulfiati (Accounting Department, Sekolah Tinggi Ilmu Ekonomi Indonesia Jakarta, Indonesia)
Dahlifah (Accounting Department, Sekolah Tinggi Ilmu Ekonomi Indonesia Jakarta, Indonesia)

Article Info

Publish Date
19 Jun 2023

Abstract

We examine whether intellectual capital and corporate governance have value relevance to market performance. Intellectual capital is measured by VAIC™ (Pulic, 1998). We use annual report data from companies listed on the Indonesia Stock Exchange (IDX) and Corporate Governance Perception Index (CGPI) data from the Indonesian Institute for Corporate Governance (IICG) in the period of 2015–2019. Preliminary findings suggest that intellectual capital does not have value relevance to market performance, but corporate governance does have value relevance to market performance. This paper contributes to stakeholders in making economic decisions.

Copyrights © 2023




Citation Download
RIS
EndNote, Reference Manager, ProCite
BibTex
Latex, Jabref
Original Source
Download Original
Google Scholar
Check in Google Scholar
Journal Info
Indonesian Journal of Applied Accounting and Finance
Website

Abbrev

akumulasi

Publisher

Sekolah Vokasi Universitas Sebelas Maret

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences

Description

The purpose of this journal is to publish the research results and thoughts on applied accounting and finance which is relevant to the development of accounting and finance professions and practices in Indonesia. This journal covers research in the following areas: Financial Accounting Public Sector ...