ASSESSMENT VALUE MODERATES THE IMPACT OF GOOD CORPORATE GOVERNANCE ON INTELLECTUAL CAPITAL OF STATE-OWNED ENTERPRISES: EMPIRICAL INDONESIA
Abstract
: This study aims to analyze the role of moderating the value of the effect of good corporate governance mechanisms on the intellectual capital of state-owned companies in Indonesia. Good corporate governance mechanisms include commissioners, directors, and the audit committee as independent variables. Intellectual capital includes human capital, structural capital, and customer capital as the dependent variable. The value of implementing good corporate governance includes sustainability, a general meeting of shareholders, commissioners, directors, transparency, and others as moderation. The research samples consisted of 72 annual reports for the period 2012 to 2019 from 12 state-owned companies in the transportation facilities and infrastructure cluster. The test analysis uses the moderated regression analysis method. The results of the study found that the value of application as moderating the effect of good corporate governance mechanisms on intellectual capital. The number of directors and audit committees, as well as the frequency of meetings, affect intellectual capital. The variable of the number of commissioners does not affect intellectual capital.
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