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dc.contributor.advisorUTAMI, Elok Sri
dc.contributor.advisorBUSS, Tatang AG., M.
dc.contributor.authorSARI, Ira Puspita
dc.date.accessioned2018-07-30T02:21:30Z
dc.date.available2018-07-30T02:21:30Z
dc.date.issued2018-07-30
dc.identifier.nimNIM140810201128
dc.identifier.urihttp://repository.unej.ac.id/handle/123456789/86661
dc.description.abstractIntellectual Capital Disclosure (ICD) is one of the current issues in finance. This study is different from traditional Intellectual Capital that is used VAICTM to measure Intellectual Capital of the company (Pulic, 1998). This study used ICD index developed by Bukh et al (2005). ICD index is consisting of 78 items. ICD is closely related to efforts to reduce the occurrence of information asymmetry. If the company discloses more information, it will affect investors’ perception that the company has a good IPO quality. This study examined the effect of ownership retention, leverage, company size, company age, and underwriter reputation on ICD. This study was performed on the companies that conducted IPOs in Indonesia Stock Exchange for periode 2008-2017. This study was quantitative study to test the hypotheses (explanatory research). The populaion were companies in primary and secondary sectors. There were 68 companies as the population. The data were collected from prospectus’s company. There are 65 sample companies selected using purposive sampling. The data are secondary data generated from company’s website and IDX website. Multiple linear regression was used to analyze the data. The hypotheses testing used t-test. Results showed that there are three variable have positive effect on ICD namely ownership retention, company age, and underwriter reputation. However, other factor such as leverage and company size did not have significant effect on ICD. Ownership retention is a positive signal to investor to show the quality of the company. Companies that have been long in business will disclose more IC information. A reputable underwriter will encourage company to disclose more information. Companies with high level of leverage do not disclose more information because they want to mantain its reputation. A large companies do not disclose more IC’s information because they want to keep the company’s competitive advantages. So, it can be concluded that ownership retention, company age and underwriter reputation determine the extent of ICD. Although, leverage and company size do not determine the extent of ICD.en_US
dc.language.isoiden_US
dc.relation.ispartofseries140810201128;
dc.subjectIntellectual Capital Disclosure (ICD)en_US
dc.subjectIPOs in Indonesia Stock Exchangeen_US
dc.subjectownership retentionen_US
dc.subjectleverageen_US
dc.subjectcompany sizeen_US
dc.subjectcompany ageen_US
dc.subjectunderwriter reputationen_US
dc.titleDeterminants of Intellectual Capital Disclosure in Initial Public Offeringsen_US
dc.typeThesisen_US


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