Proceedings of the 2nd Borobudur International Symposium on Humanities and Social Sciences, BIS-HSS 2020, 18 November 2020, Magelang, Central Java, Indonesia

Research Article

Voluntary Intellectual Capital Disclosure: A Theoretical Test of Proprietary Cost

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  • @INPROCEEDINGS{10.4108/eai.18-11-2020.2311658,
        author={Wawan Sadtyo  Nugroho and Barkah  Susanto and Marlina  Kurnia and Annisa Hakim  Purwantini},
        title={Voluntary Intellectual Capital Disclosure: A Theoretical Test of Proprietary Cost},
        proceedings={Proceedings of the 2nd Borobudur International Symposium on Humanities and Social Sciences, BIS-HSS 2020, 18 November 2020, Magelang, Central Java, Indonesia},
        publisher={EAI},
        proceedings_a={BIS-HSS},
        year={2021},
        month={9},
        keywords={voluntary disclosure intellectual capital cost of equity cost of proprietary},
        doi={10.4108/eai.18-11-2020.2311658}
    }
    
  • Wawan Sadtyo Nugroho
    Barkah Susanto
    Marlina Kurnia
    Annisa Hakim Purwantini
    Year: 2021
    Voluntary Intellectual Capital Disclosure: A Theoretical Test of Proprietary Cost
    BIS-HSS
    EAI
    DOI: 10.4108/eai.18-11-2020.2311658
Wawan Sadtyo Nugroho1,*, Barkah Susanto1, Marlina Kurnia2, Annisa Hakim Purwantini1
  • 1: Accounting Department, Muhammadiyah Magelang University, 57611, Indonesia
  • 2: Management Department, Muhammadiyah Magelang University, 57611, Indonesia
*Contact email: wawan.sn11@gmail.com

Abstract

Cost of equity could be minimalized by intellectual capital disclosure. Quality of information in this intellectual capital disclosure depends on the cost of proprietary, cost of information, and the relevance to get the information. This study was conducted to give empirical evidences about model analyze of intellectual capital to the cost based on theory of signaling and theory of proprietary cost. This study used design of quantitative research. Samples in this study were the enterprises that were registered in Indonesian Bursary Effect, except to the enterprises of financial industry in 2015 – 2019. Sampling extraction was performed by method of purposive sampling. Data analyzing used statistic of descriptive analyzes and regression of moderating. Test of hypothesis was conducted by analyzing technic of test of comparing coefficients across regressions. The results of data analysis of the research showed that increasing the disclosure of voluntary intellectual capital could decrease cost of equity. The low cost of proprietary could strengthen negative effects of the intellectual capital disclosure on cost of equity. The low cost of information could not strengthen negative effects of the intellectual capital disclosure on cost of equity. The high relevance of information could not strengthen negative effects of the intellectual capital disclosure on cost of equity.