IDEAS home Printed from https://ideas.repec.org/p/gtr/gatrjs/afr134.html
   My bibliography  Save this paper

Do Intellectual Capital, Corporate Social Responsibility, and Good Corporate Governance Affect Indonesia�s Mining Companies Value?

Author

Listed:
  • Nadia Azalia Putri

    (University of Jember, Indonesia. Author-2-Name: Tatang Ary Gumanti Author-2-Workplace-Name: University of Jember, Indonesia. Author-3-Name: Isti Fadah Author-3-Workplace-Name: University of Jember, Indonesia. Author-4-Name: Supriyadi Author-4-Workplace-Name: Jember State Polytechnic, Indonesia)

Abstract

"Objective �The purpose of this study was to analyze the effect of Intellectual Capital (IC), Corporate Social Responsibility (CSR) disclosure, and Good Corporate Governance (GCG) on the value of mining companies (as measured by Tobin's Q) listed in Indonesia Stock Exchange period 2011-2015. Methodology/Technique � Intellectual capital was measured by Value Added Capital Employed (VACA), Value Added Human Capital (VAHU), and Structural Capital Value Added (STVA). CSR disclosure was measured using Global Reporting Initiative index. GCG was proxied using independent commissioner, managerial ownership, audit committee, and institutional ownership. Empirical analysis was conducted using linear multiple regression analysis. The samples consisted 15 mining firms. Findings �The results showed that VACA, VAHU, and institutional ownership had a positive and significant effect on company value. STVA and independent commissioner have a positive but insignificant effect on company value. Audit committee and managerial ownership have a negative and insignificant effect on company value. Novelty � The study suggests managers to improve the company value by investing IC subcomponents; that is, physical capital and human capital and also add the number of shares held by institutions."

Suggested Citation

  • Nadia Azalia Putri, 2017. "Do Intellectual Capital, Corporate Social Responsibility, and Good Corporate Governance Affect Indonesia�s Mining Companies Value?," GATR Journals afr134, Global Academy of Training and Research (GATR) Enterprise.
    • Handle: RePEc:gtr:gatrjs:afr134
    as

    Download full text from publisher

    File URL: http://gatrenterprise.com/GATRJournals/pdf_files/AFR%20Vol%202(2)%20Apr-Jun%202017/8.%20Nadia%20Putri-AFR%20Vol%202(2)-CIMSSR-00491.pdf
    Download Restriction: http://gatrenterprise.com/GATRJournals/online_submission.html
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Urbi Garay & Maximiliano González, 2008. "Corporate Governance and Firm Value: The Case of Venezuela," Corporate Governance: An International Review, Wiley Blackwell, vol. 16(3), pages 194-209, May.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Mateos de Cabo, Ruth & Terjesen, Siri & Escot, Lorenzo & Gimeno, Ricardo, 2019. "Do ‘soft law’ board gender quotas work? Evidence from a natural experiment," European Management Journal, Elsevier, vol. 37(5), pages 611-624.
    2. Alex Chan & Hoi Cheung, 2012. "Cultural Dimensions, Ethical Sensitivity, and Corporate Governance," Journal of Business Ethics, Springer, vol. 110(1), pages 45-59, September.
    3. Maximiliano González & Alexander Guzmán & Diego Fernando Tellez & María Andrea Trujillo, 2016. "What you say and how you say it: Information disclosure in Latin American firms," Documentos de Trabajo de Valor Público 15656, Universidad EAFIT.
    4. Simon Peter Tsekpo, 2020. "Corporate Governance Compliance by Medium Scale Enterprises (SMEs): Global Review Perspective," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 4(9), pages 402-411, September.
    5. Neji Al-Eid Omri & Abdulhameed Mohanna Alfaleh, 2024. "The effects of boardroom gender diversity on corporate performance: empirical evidence from a sample of European listed companies," Business Economics, Palgrave Macmillan;National Association for Business Economics, vol. 59(2), pages 86-100, April.
    6. Naeem Tabassum & Satwinder Singh, 2020. "Corporate Governance and Organisational Performance," Springer Books, Springer, number 978-3-030-48527-6, February.
    7. Collins G. Ntim, 2013. "Corporate Governance, Affirmative Action and Firm Value in Post-apartheid South Africa: A Simultaneous Equation Approach," African Development Review, African Development Bank, vol. 25(2), pages 148-172, June.
    8. Michail Nerantzidis, 2018. "The role of weighting in corporate governance ratings," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 22(3), pages 589-628, September.
    9. Felipe Arenas-Torres & Miguel Bustamante-Ubilla & Valentín Santander-Ramírez & Pedro Severino-González, 2022. "Diversity and Governance: Is There Really Progress?," Sustainability, MDPI, vol. 14(9), pages 1-14, April.
    10. Aila VIRTANEN & Tuomo TAKALA, 2016. "Accountability Of Corporate Boards In Finland," Management Research and Practice, Research Centre in Public Administration and Public Services, Bucharest, Romania, vol. 8(1), pages 5-24, March.
    11. Mohd Azmi Mohd Noor Author_Email: mnmazmi@ tm.com.my & Dr. Faudziah Hanim Bt Fadzil, 2011. "Influence Of Corporate Governance Attributes On Firms’ Financial Performance In Malaysia," Annual Summit on Business and Entrepreneurial Studies (ASBES 2011) Proceeding 2011-039-124, Conference Master Resources.
    12. Kabir, Md Nurul & Miah, Mohammad Dulal & Ali, Searat & Sharma, Parmendra, 2020. "Institutional and foreign ownership vis-à-vis default risk: Evidence from Japanese firms," International Review of Economics & Finance, Elsevier, vol. 69(C), pages 469-493.
    13. Burak Pirgaip & Mehmet Berktay Akyüz, 2020. "To Be Rated or To Be Indexed: Corporate Governance Rating Experience in Borsa Istanbul," Istanbul Business Research, Istanbul University Business School, vol. 49(2), pages 271-300, November.
    14. Guadalupe del Carmen Briano Turrent & Jannine Poletti-Hughes & Jonathan Williams, 2023. "Transparency on Corporate Governance and board of directors' strategies," Remef - Revista Mexicana de Economía y Finanzas Nueva Época REMEF (The Mexican Journal of Economics and Finance), Instituto Mexicano de Ejecutivos de Finanzas, IMEF, vol. 18(2), pages 1-22, Abril - J.
    15. Garay, Urbi & González, Maximiliano & Guzmán, Alexander & Trujillo, María Andrea, 2013. "Internet-based corporate disclosure and market value: Evidence from Latin America," Emerging Markets Review, Elsevier, vol. 17(C), pages 150-168.
    16. del Carmen Briano-Turrent, Guadalupe & Poletti-Hughes, Jannine, 2017. "Corporate governance compliance of family and non-family listed firms in emerging markets: Evidence from Latin America," Journal of Family Business Strategy, Elsevier, vol. 8(4), pages 237-247.
    17. Sorin-Romulus Berinde & Laura-Maria Herța, 2021. "Performance Improvements for Romanian SMEs and Their Predictors," Sustainability, MDPI, vol. 13(15), pages 1-13, July.
    18. Prakash J. Singh & Kannan Sethuraman & Jocelin Y. Lam, 2017. "Impact of Corporate Social Responsibility Dimensions on Firm Value: Some Evidence from Hong Kong and China," Sustainability, MDPI, vol. 9(9), pages 1-24, August.
    19. Munisi, Gibson & Randøy, Trond, 2013. "Corporate governance and company performance across Sub-Saharan African countries," Journal of Economics and Business, Elsevier, vol. 70(C), pages 92-110.
    20. Cahit Yilmaz & Ali Hakan Buyuklu, 2016. "Impacts of Corporate Governance on Firm Performance: Turkey Case with a Panel Data Analysis," Eurasian Journal of Economics and Finance, Eurasian Publications, vol. 4(1), pages 56-72.

    More about this item

    Keywords

    Company Value; Corporate Social Responsibility; Good Corporate Governance; Intellectual Capital.;
    All these keywords.

    JEL classification:

    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • M51 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Firm Employment Decisions; Promotions

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gtr:gatrjs:afr134. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Prof. Dr. Abd Rahim Mohamad (email available below). General contact details of provider: http://gatrenterprise.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.