Komisaris Keluarga, Komisaris Wanita dan Pengungkapan Modal Intelektual: Studi Pada Peristiwa Penawaran Saham Perdana

Abstract

this study aims at examining the effect of family commissioners and female commissioners on intellectual capital disclosure using indonesian context. there were three independent variables in the study: percentage of family commissioners on board of commissioners, family chairman of the board of commissioners, and female commissioners. The sample of the study consisted of non-financial firms that conducted Initially Public Offering (IPO) at Indonesia Stock Exchange (IDX) during the 2001 – 2016 period. The final sample of the study consisted of 175 firms. This study used multiple regression to test the effect of family commissioners and female commissioners on intellectual capital disclosure. the result of the study shows that female commissioners and percentage of family commissioners have positive effects on intellectual capital disclosure. female commissioners have positive effects to push the company to provide more information to the investors. therefore, gender diversity in the board of commissioners has a positive effect to the firms. Furthermore, family commissioners also push management to provide better disclosure on intellectual capital. However, this study did not find significant effects of family chairman on the board of commissioners on intellectual capital disclosure