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Green Intellectual Capital on Value Relevance in Indonesia's Manufacturing Companies

Author

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  • R. Rosiyana Dewi

    (University of Trisakti, Jakarta, Indonesia Author-2-Name: Etty Murwaningsari Author-2-Workplace-Name: University of Trisakti, Jakarta, Indonesia Author-3-Name: Sekar Mayangsari Author-3-Workplace-Name: University of Trisakti, Jakarta, Indonesia Author-4-Name: Author-4-Workplace-Name: Author-5-Name: Author-5-Workplace-Name: Author-6-Name: Author-6-Workplace-Name: Author-7-Name: Author-7-Workplace-Name: Author-8-Name: Author-8-Workplace-Name:)

Abstract

" Objective - Corporate concern for the environment is an important stakeholder demand. A company is obliged to preserve the environment with various investments, one of which is green intellectual capital to maintain the sustainability of the company, especially for companies that carry out their business activities in countries that are in conditions of high pollution such as Indonesia. The importance of green intellectual capital investment information for stakeholders can be seen from the value relevance of the information. This study aims to examine and analyze the effect of investment in green intellectual capital, which consists of the following dimensions: human, structural, and relation to value relevance. Methodology/Technique - This study will explain the causal relationship between the independent and the dependent variables through hypothesis testing based on the theorythat has been formulated with data that obtained and tested through quantitative panel data testing. Findings - The results of a survey of 515 samples of data from a population of 183 manufacturing companies listed on the Indonesia Stock Exchange (IDX) in 2015-2019 found that green intellectual capital with its three dimensions had a significant positive effect on value relevance. This study also proves that green structural intellectual capital has influenced more on value relevance than human and relation intellectual capital. Novelty - The measurement of variablesis green intellectual capital and value relevance in this study develops previous research with related government conditions and regulations in Indonesia. Green intellectual capital investment is measured by using content analysis from disclosures in annual reports and sustainability reports, and value relevance is measured by the Olhson model with beta correction by the stock market in Indonesia. Type of Paper - Empirical."

Suggested Citation

  • R. Rosiyana Dewi, 2021. "Green Intellectual Capital on Value Relevance in Indonesia's Manufacturing Companies," GATR Journals afr204, Global Academy of Training and Research (GATR) Enterprise.
    • Handle: RePEc:gtr:gatrjs:afr204
    DOI: https://doi.org/10.35609/afr.2021.6.3(2)
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    References listed on IDEAS

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    1. Artie W. Ng, 2008. "The value relevance of human capital, corporate governance and intangible assets in growth enterprises: evidence from Hong Kong," International Journal of Learning and Intellectual Capital, Inderscience Enterprises Ltd, vol. 5(3/4), pages 431-454.
    2. Nicky J. Welton & Howard H. Z. Thom, 2015. "Value of Information," Medical Decision Making, , vol. 35(5), pages 564-566, July.
    3. Yu-Shan Chen & Ching-Hsun Chang, 2013. "Enhance environmental commitments and green intangible assets toward green competitive advantages: an analysis of structural equation modeling (SEM)," Quality & Quantity: International Journal of Methodology, Springer, vol. 47(1), pages 529-543, January.
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    More about this item

    Keywords

    Green Intellectual Capital; Value relevance; Human Capital; Structural Capital; Relational Capital;
    All these keywords.

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital

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