Main Article Content
This research aims to examine whether the disclosure of IC information conducted by the company in the annual report has value relevance. The research dependent variable is PRICE. The independent variables in this research are intellectual capital disclosure index (ICDI) obtained using Li, et. al. (2012) which consists of 61 items of IC information, net income (NI), and book value of equity (BVE). The research sample is a banking sector company listed on the Indonesia Stock Exchange (BEI) of the year 2012 through 2016 using annual report. The result of hypothesis testing with regression analysis using SPSS 23 application shows that ICDI coefficient is not have positive influence to stock price. But if it is divided into 3 components it can be seen that Human Capital Disclosure Index (HCDI) has a positive effect on stock price although Structural Capital Disclosure Index (SCDI) and Customer Capital Disclosure Index (CCDI) have no effect on stock price. This shows that not all information about intellectual capital has value relevance.
This work is licensed under a Creative Commons Attribution-NoDerivatives 4.0 International License.
Submission of an article implies that the work described has not been published previously (except in the form of an abstract or as part of a published lecture or academic thesis), that it is not under consideration for publication elsewhere, that its publication is approved by all authors and tacitly or explicitly by the responsible authorities where the work was carried out, and that, if accepted, will not be published elsewhere in the same form, in English or in any other language, without the written consent of the Publisher. The Editors reserve the right to edit or otherwise alter all contributions, but authors will receive proofs for approval before publication.
Copyrights for articles published in IJIER journals are retained by the authors, with first publication rights granted to the journal. The journal/publisher is not responsible for subsequent uses of the work. It is the author's responsibility to bring an infringement action if so desired by the author.
 Amir, E. and Lev, B.1996. Value-relevance of Nonfinancial Information: The Wireless Communications Industry. Journal of Accounting and Economics, Vol. 22, pp. 3-30.
 Bukh, P.N. 2003. Commentary, The Relevance of Intellectual Capital Disclosure: a Paradox?. Accounting, Auditing & Accountability Journal, Vol. 16 No. 1, pp. 49-56.
 Chayati, 2015. Pengaruh Inkremental Informasi Akutansi dan Intellectual Capital terhadap Nilai Perusahaan. Universitas Negeri Sebelas Maret Surakarta.
 Chen. 2005. Association between independent non-executive directors, family control and financial disclosures in Hong Kong. Journal of Accounting and Public Policy, Vol 19(4), pp. 285-310.
 Edvinsson, L. and M. Malone. 1997. Intellectual Capital: Realizing Your Company’s True Value by Finding Its Hidden Brainpower. HarperCollins, New York, NY.
 Eisenhardt, K. M. 1989. Agency Theory: An Assesment and Review. Academy of Management Review 14 (1), pg. 57-74.
 Gamerschlag. 2012. Value Relevance of Human Capital Information. Gottingen University, Germany. Vol. 14, Issue: 2, pp. 325-345.
 Gasim, 2015. Relevansi Nilai Modal Intelektual terhadap Nilai Pasar Perusahaan. Universitas Muhammandiyah, Kupang, Vol. 6, No. 2, pp 175-340.
 Ghozali, Imam. 2013. Aplikasi Analisis Multivariate dengan Program IBM SPSS 21 Update PLS Regresi. Semarang: Badan Penerbit Universitas Diponegoro.
 Grunig, J.E. 2011. Public relations and strategic management: Institutionalizing organization-public relationships in contemporary society. Central European Journal of Communication, Vol. 1, pg. 11-31.
 Guthrie, J., Petty, R., and Yongvanich, K. 2004. Using content analysis as a research method to inquire into intellectual capital reporting. Journal of Intellectual Capital, Vol. 5, No. 2, pp. 282-293.
 Guthrie, J and R. Petty. 2000. Intellectual Capital: Australian Annual Reporting Practices. Journal of Intellectual Capital, Vol 1 (3), pg. 241-251.
 Hayati, Yurniwati, Putra. (2015). The effect of intellectual capital to value relevance of accounting information based on PSAK convergence of IFRS manufacture firms in Indonesia. Social and Behavioral Science, Vol 211, pg. 999-1007.
 Kamath, G.B. 2007. The intellectual capital performance of Indian banking sector. Journal of Intellectual Capital, Vol. 8(1), pg. 96-123.
 Jensen, Michael C. Meckling. William H. 1976. Theory of The Firm: Managerial Behavior, Agency Cost, and Ownership Structure. Journal of Financial Economics, Vol. 3, No. 4, pp. 305-360.
 Jorion, P., dan E. Talmor. 2002. Value relevance of financial and non-financial information in emerging industries: the changing role of web traffic data. University of California at Irvine and London Business School.
 Kamath, G.B, 2008. The intellectual capital performance of Indian banking sector. Journal of Intellectual Capital, Vol. 8, No. 1, pp 96-123.
 Klein, D.A and Prusak, L. 1994. Characterising Intellectual capital. Cambridge, MA, Centre for Business Innovation, Ernst and Young.
 Lev, B. 2001. Intangibles: Management, Measurement and Reporting. Washington D.C.: Brookings Institution.
 Lev, B. dan Zarowin, P. 1999. The Boundaries of Financial Reporting and How To Extend Them. Journal of Accounting Research, vol. 37 (2), pg. 353-386.
 Lev, B. and Sougiannis, T. 1996. The Capitalization, Amortization, and Value-relevance of R&D. Journal of Accounting & Economics, Vol. 21 No. 1, pp. 107-38.
 Magner, Nace; Welker, Robert B; Campbell, Terry L. 1995. The interactive Effect Of Budgetary Participation and Budget Favorability on Attitudes Toward Budgetary Decision Makers: A Research Note. Accounting Organizations and Society, Vol. 20, No. 7/S, pp. 61 l-618.
 Orens, Lessius, Antwerpen, Aerts, Lybaert. 2009. Intellectual Capital Disclosure, Cost of Finance and Firm Value. Journal of Management Decision, Vol. 47, No. 10, pp. 1536-1554.
 Oliveira, Lídia, Lúcia Lima Rodrigues, dan Russell Craig. 2008. Applying Voluntary Disclosure Theories to Intangibles Reporting: Evidence from the Portuguese Stock Market.
 Pulic, A. 1998. Measuring the Performance of Intellectual Potential in Knowledge Economy. Paper Intellectual Capital. Austrian Team for Intellectual Potential.
 Puspitaningtyas, Z. 2012. Relevansi nilai informasi akuntansi dan manfaatnya bagi investor. Jurnal Ekuitas Ekonomi dan Keuangan, Vol. 16, No.2, hal. 164-183
 Ross, S. A. 1977. The Determination of Financial Structure: The Incentive-Signalling Approach. The Bell Journal of Economics, pg. 23-40.
 Ross, A Stephen. 1973. The Economic Theory of Agency: The Pricipal‟s Problem. American Economics Review, vol. 63(2), pg. 134-139.
 Sawarjuwono, T dan A. P. Kadir. 2003. Intellectual Capital: Perlakuan, Pengukuran, dan Pelaporan (Sebuah Library Research). Jurnal Akuntansi dan Keuangan, Vol. 5, No. 1, hal. 35-57.
 Singh, Inderpal, and J-L. W. Mitchell Van der Zahn. 2008. Determinants of Intellectual Capital Disclosure in Prospectuses of Initial Public Offerings. dalam Accounting and Business Research, Vol. 38, No. 5, pg. 409-431.
 Spence, Michael. 1973. Job Market Signaling. The Quarterly Journal of Economics, vol. 87 ( 3), pp. 355-374.
 Sugeng, Imam. 2000. Mengukur dan Mengelola Intellectual Capital. Jurnal Ekonomi dan Bisnis Indonesia, Vol. 15, No. 2, hal 247-256.
 Syaipudin, Usep dan Pigo Nauli. 2011. Analisis Value Relevance Pengungkapan Informasi intellectual Capital (IC) Perusahaan. Jurnal Universitas Lampung.
 Tan, Plowman, Hancock. 2007. Intellectual capital and financial returns of companies. Journal of Intellectual Capital, Vol.8, No. 1, pp. 76-95.
 Ulum. 2008. Intellectual Capital Performance Sektor Perbankan di Indonesia. Universitas Muhammadiyah Malang, Vol. 10, No. 2, pp 77-84.
 Vafaei, Alireza., Dennis Taylor, and Kamran Ahmed. 2011. The Value Relevance of Intellectual Capital Disclosures. Journal of Intellectual Capital, Vol. 12, No. 3, pp. 407-429.
 Vergauwen, P., Bollen, Laury and Oirbans, Els. 2007. Intellectual Capital Disclosure and Intangible Value Drivers: an empirical study. Management Decision, Vol 45 (7), pg. 1163-1180.