THE IMPACT OF INTELLECTUAL CAPITAL DISCLOSURE ON COST OF EQUITY CAPITAL IN FINANCIAL REPORT OF BANKING SECTOR COMPANIES REGISTERED ON THE INDONESIA STOCK EXCHANGE

Abstract

ABSTRACT

Objective of this study is to determine the impact of intellectual capital disclosure on cost of equity capital in financial reporting of banking sector companies registered on the Indonesia Stock Exchange. This study used intellectual capital disclosure as independent variable, cost of equity capital as dependent variable, and firm size as moderation variable. This method used is quantitative approach. Data of research is secondary data, using annual report of companies listed in the Indonesia Stock Exchange gained through www.idx.co.id. Samples research were selected by using purposive sampling method. The analysis technique used in this research is multiple linear regression analysis. The result of this study indicate that intellectual capital disclosure has negative significant effect on cost of equity capital, human capital disclosure has negative significant effect on cost of equity capital, structural capital disclosure has no significant effect on cost of equity capital, relational capital has positive significant effect on cost of equity capital, and firm size as a moderating variable has no individual effect but it can be as predictor variable on the relationship of intellectual capital disclosure to the cost of equity capital.

Keywords: intellectual capital disclosure, cost of equity capital, size firm

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