What factors lead companies to release intellectual capital disclosure? Evidence from Indonesian manufacturers

References

• Abhayawansa, S., & Guthrie, J. (2016). Does intellectual capital disclosure in analysts’ reports vary by firm characteristics? Advances in Accounting Incorporating Advances in International Accounting, 35, 26–21. https://doi.org/10.1016/j.adiac.2016.04.002
   Google Scholar
• Albu, O. B., & Flyverbom, M. (2019). Organizational transparency: Conceptualizations, conditions, and consequences. Business & Society, 58(2), 268–297. https://doi.org/10.1177/0007650316659851
   Web of Science ®Google Scholar
• Al-Fayoumi, N. A., & Abuzayed, B. M. (2009). Ownership structure and corporate financing. Applied Financial Economics, 19(24), 1975–1986. https://doi.org/10.1080/09603100903266807
   Google Scholar
• Al Sartawi, A. M. (2017, January 8). The Level of Disclosing Intellectual Capital in the Gulf Cooperation Council Countries. Musleh Al-Sartawi, Abdalmuttaleb, the Level of Disclosing Intellectual Capital in the Gulf Cooperation Council Countries (January 8, 2017). International Research Journal of Finance and Economics, 159, January 2017, Available at SSRN: https://ssrn.c(159), pp. 1110. Retrieved from https://ssrn.com/abstract=2929414
   Google Scholar
• Amitava, M., & Ghosh, C. (2021). Effect of intellectual capital disclosure on cost of equity capital: A study on Indian companies. Asian Journal of Accounting Research, 6(2), 165–179. https://doi.org/10.1108/AJAR-08-2020-0069
   Google Scholar
• Anggraini, Y., & Widarjo, W. (2020). Political connection, institutional Ownership, and tax aggressiveness in Indonesia. European Journal of Business and Management Research, 5(5), 1–7. https://doi.org/10.24018/ejbmr.2020.5.5.528
   Google Scholar
• Bendickson, J., Muldoon, J., Liguori, E., & Davis, P. E. (2016). Agency theory: The times, they are a-changin’. Management Decision, 54(1), 174–193. https://doi.org/10.1108/MD-02-2015-0058
   Web of Science ®Google Scholar
• Bhat, D. A., Chanda, U., & Bhat, A. K. (2020). Does firm size influence Leverage? Evidence from India. Global Business Review, 24(1), 1–10. https://doi.org/10.1177/0972150919891616
   Web of Science ®Google Scholar
• Bonser-Neal, C., Linnan, D., & Neal, R. (1999). Emerging market transaction costs Evidence from Indonesia. Pacific-Basin Finance Journal, 7(2), 103–127. https://doi.org/10.1016/s0927-538x(99)00003-7
   Google Scholar
• Bosse, D. A., & Phillips, R. A. (2016). Agency theory and bounded self-interest. Academy of Management Review, 41(2), 276–297. https://doi.org/10.5465/amr.2013.0420
   Web of Science ®Google Scholar
• Bruggen, A., Vergauwen, P., & Dao, M. (2009). Determinants of intellectual capital disclosure: Evidence from Australia. Management Decision, 47(2), 233–245. https://doi.org/10.1108/00251740910938894
   Web of Science ®Google Scholar
• Butt, U. (2016). Profits, firm size, growth opportunities, and capital structure: An empirical test. Journal of Finance and Economics, 4(1), 58–69. https://doi.org/10.12735/jfe.v4i1p58
   Google Scholar
• Chahal, H., & Bakshi, P. (2015). Examining intellectual capital and competitive advantage relationship: Role of innovation and organizational learning. International Journal of Bank Marketing, 33(3), 376–399. https://doi.org/10.1108/IJBM-07-2013-0069
   Web of Science ®Google Scholar
• Choong, K. K. (2008). Intellectual capital: Definitions, categorization, and reporting models. Journal of Intellectual Capital, 9(4), 609–638. https://doi.org/10.1108/14691930810913186
   Google Scholar
• Custodio, C., Ferreira, M. A., & Laureano, L. (2013, April). Why are US firms using more short-term debt? Journal of Financial Economics, 108(1), 182–212. https://doi.org/10.1016/j.jfineco.2012.10.009
   Web of Science ®Google Scholar
• Dang, C., Li, Z., & Yang, C. (2018, January). Measuring firm size in empirical corporate finance. Journal of Banking and Finance, 86, 159–176. https://doi.org/10.1016/j.jbankfin.2017.09.006
   Web of Science ®Google Scholar
• Dumay, J., & Stefano Zambon, D. (2016). A critical reflection on the future of intellectual capital: From reporting to disclosure. Journal of Intellectual Capital, 17(1), 168–184. https://doi.org/10.1108/JIC-08-2015-0072
   Web of Science ®Google Scholar
• Elfeky, M. I. (2017). The extent of voluntary disclosure and its determinants in emerging markets: Evidence from Egypt. The Journal of Finance and Data Science, 3(1–4), 45–59. https://doi.org/10.1016/j.jfds.2017.09.005
   Google Scholar
• Firer, S., & Williams, S. M. (2005). Firm ownership structure and intellectual capital disclosures. South African Journal of Accounting Research, 19(1), 1–18. https://doi.org/10.1080/10291954.2005.11435116
   Google Scholar
• Ganguli, S. K. (2013). Capital structure - does ownership structure matter? Theory and Indian evidence. Studies in Economics & Finance, 30(1), 56–72. https://doi.org/10.1108/10867371311300982
   Google Scholar
• Garcia-Meca, E., & Sanchez-Ballesta, J. P. (2010). The association of board independence and ownership concentration with voluntary disclosure: A meta-analysis. European Accounting Review, 19(3), 603–627. https://doi.org/10.1080/09638180.2010.496979
   Web of Science ®Google Scholar
• Goebel, V. (2015). Estimating a measure of intellectual capital value to test its determinants. Journal of Intellectual Capital, 16(1), 101–120. https://doi.org/10.1108/JIC-12-2013-0118
   Web of Science ®Google Scholar
• Goh, P. C., & Lim, K. P. (2004). Disclosing intellectual capital in company annual reports: Evidence from Malaysia. Journal of Intellectual Capital, 5(3), 500–510. https://doi.org/10.1108/14691930410550426
   Google Scholar
• Hair, J. F., Jr., Sarstedt, M., Hopkins, L., & Kuppelwieser, V. G. (2014). Partial Least Squares Structural Equation Modeling (PLS-SEM): An emerging tool in business research. European Business Review, 26(2), 106–121. https://doi.org/10.1108/EBR-10-2013-0128
   Google Scholar
• Hayati, M., Yurniwati, & Putra, A. R. (2015). The effect of intellectual capital to value relevance of accounting information based on PSAK converge of IFRS. In 2nd Global Conference on Business and Social Science (pp. 999–1007). Denpasar, Bali: Procedia - Social and Behavioral Science. https://doi.org/10.1016/j.sbspro.2015.11.133
   Google Scholar
• Hutten, E. (2023, 6 18). University of Twente Student Theses. Retrieved from. https://purl.utwente.nl/essays/65216
   Google Scholar
• Ibhagui, O. W., & Olokoyo, F. O. (2018). Leverage and firm performance: New evidence on the role of firm size. The North American Journal of Economics & Finance, 45(July), 57–82. https://doi.org/10.1016/j.najef.2018.02.002
   Google Scholar
• Jensen, M. C., & Meckling, W. H. (1976, October). Theory of the firm: Managerial behavior, agency costs, and ownership structure. Journal of Financial Economics, 3(4), 305–360. https://doi.org/10.1016/0304-405X(76)90026-X
   Web of Science ®Google Scholar
• Kamath, B. (2017). Determinants of intellectual capital disclosure: Evidence from India. Journal of Financial Reporting and Accounting, 15(3), 367–391. https://doi.org/10.1108/JFRA-01-2016-0003
   Google Scholar
• Kamukama, N. (2013). Intellectual capital: Company’s invisible source of competitive advantage. Competitiveness Review: An International Business Journal, 23(3), 260–283. https://doi.org/10.1108/10595421311319834
   Google Scholar
• Khalique, M., Shaari, J. A., & Isa, A. H. (2013). The road to the development of intellectual capital theory. International Journal of Learning and Intellectual Capital, 10(2), 122–136. https://doi.org/10.1504/IJLIC.2013.052953
   Google Scholar
• Kumar, K. B., Rajan, R. G., & Zingales, L. (1999, July). What Determines Firm Size? National Bureau of Economic Research. Retrieved from nber.org: www.nber.org/papers/w/7208
   Google Scholar
• Li, J., Mangena, M., & Pike, R. (2012). The effect of audit committee characteristics on intellectual capital disclosure. The British Accounting Review, 44(2), 98–110. https://doi.org/10.1016/j.bar.2012.03.003
   Web of Science ®Google Scholar
• Martin de Castro, G., Navas-Lopez, J. E., Lopez-Saez, P., & Alama-Salazar, E. (2006). Organizational capital as the competitive advantage of the firm. Journal of Intellectual Capital, 7(3), 324–337. https://doi.org/10.1108/14691930610681438
   Google Scholar
• Massaro, M., Dumay, J., Garlatti, A., & Dal Mas, F. (2018). Practitioners’ views on intellectual capital and sustainability: From a performance-based to a worth-based perspective. Journal of Intellectual Capital, 19(2), 367–386. https://doi.org/10.1108/JIC-02-2017-0033
   Web of Science ®Google Scholar
• Mitton, T. (2007). Why have debt ratios increased for firms in emerging markets? European Financial Management, 14(1), 127–151. https://doi.org/10.1111/j.1468-036x.2007.00430.x
   Web of Science ®Google Scholar
• Morellec, E., & Schurhoff, N. (2011). Corporate investment and financing under asymmetric information. Journal of Financial Economics, 99(2), 262–288. https://doi.org/10.1016/j.jfineco.2010.09.003
   Web of Science ®Google Scholar
• Mubarik, S., Naghvi, N., & Mubarik, M. F. (2019). Governance-led intellectual capital disclosure: Empirical evidence from Pakistan. Humanities and Social Sciences Letters, 7(3), 141–155. https://doi.org/10.18488/journal.73.2019.73.141.155
   Google Scholar
• OECD. (2001). The Well-Being of Nations: The Role of Human and Social Capital. Organization for Economic Cooperation and Development. Retrieved from http://www.oecd.org/site/worldforum/33703702.pdf
   Google Scholar
• Ousama, A. A., Fatima, A.-H., & Hafiz-Majdi, A. R. (2012). Determinants of intellectual capital reporting: Evidence from annual reports of Malaysian listed companies. Journal of Accounting in Emerging Economies, 2(2), 119–139. https://doi.org/10.1108/20421161211229808
   Google Scholar
• Panda, B., & Leepsa, N. M. (2017). Agency theory: Review of theory and evidence on problems and perspectives. India Journal of Corporate Governance, 10(1), 74–95. https://doi.org/10.1177/0974686217701467
   Google Scholar
• Petty, R., & Guthrie, J. (2000). Intellectual capital literature review: Measurement, reporting, and management. Journal of Intellectual Capital, 1(2), 155–176. https://doi.org/10.1108/14691930010348731
   Google Scholar
• Schwab, K., & Zahidi, S. (2020). The Global Competitiveness Report (Special Edition 2020). World Economic Forum.
   Google Scholar
• Sharma, S. S., Narayan, P. K., Thuraisamy, K., & Laila, N. (2019). Is Indonesia’s stock market different when it comes to predictability? Emerging Market Reviews, 40, 1–11. https://doi.org/10.1016/j.ememar.2019.100623
   Web of Science ®Google Scholar
• Sullivan, R., & Gouldson, A. (2012). Does voluntary carbon reporting meet investors’ needs? Journal of Cleaner Production, 36, 60–67. https://doi.org/10.1016/j.jclepro.2012.02.020
   Web of Science ®Google Scholar
• Tsoukas, H. (1996). The firm as a distributed knowledge system: A constructionist approach. Strategic Management Journal, 17(S2), 11–25. https://doi.org/10.1002/smj.4250171104
   Web of Science ®Google Scholar
• Vithana, K., Soobaroyen, T., & Ntim, C. G. (2021). Human resource disclosures in UK corporate annual reports: To what extent do these reflect organizational priorities towards labor? Journal of Business Ethics, 169(3), 475–497. https://doi.org/10.1007/s10551-019-04289-3
   Web of Science ®Google Scholar
• Wang, M., & Hussainey, K. (2013, May-June). Voluntary forward-looking statements are driven by corporate governance and their value relevance. Journal of Accounting and Public Policy, 32(3), 26–49. https://doi.org/10.1016/j.jaccpubpol.2013.02.009
   Web of Science ®Google Scholar
• White, G., Lee, A., & Tower, G. (2007). Drivers of voluntary intellectual capital disclosure in listed biotechnology companies. Journal of Intellectual Capital, 8(3), 517–537. https://doi.org/10.1108/14691930710774894
   Google Scholar
• Whiting, R. H., & Woodcock, J. (2011). Firm characteristics and intellectual capital disclosure by Australian companies. Journal of Human Resource Costing & Accounting, 15(2), 102–126. https://doi.org/10.1108/14013381111157337
   Google Scholar
• Widarjo, W., Rahmawati, B., Widagdo, A. K., & Widagdo, A. K. (2020). Underpricing and intellectual capital disclosure: Evidence from Indonesia. Global Business Review, 21(6), 1325–1337. https://doi.org/10.1177/0972150919857017
   Web of Science ®Google Scholar
• Widiatmoko, J., Indarti, M. G., Pamungkas, I. D., & Ntim, C. G. (2020). Corporate governance on intellectual capital disclosure and market capitalization. Cogent Business & Management, 7(1), 1–15. https://doi.org/10.1080/23311975.2020.1750332
   Web of Science ®Google Scholar
• Zahra, S. A., & Das, S. R. (1993). Innovation strategy and financial performance in manufacturing companies: An empirical study. Production and Operations Management, 2(1), 15–37. https://doi.org/10.1111/j.1937-5956.1993.tb00036.x
   Google Scholar
• Zogning, F. (2017). Agency theory: A critical review. European Journal of Business and Management, 9(2), 1–8.
   Google Scholar