Affiliation:
1. University of Trisakti, Jakarta, Indonesia
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 theory that 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 variables is 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.
JEL Classification: G32, O34
Keywords: Green Intellectual Capital; Value relevance; Human Capital; Structural Capital, Relational Capital
Publisher
Global Academy of Training and Research (GATR) Enterprise
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