Board Commissioner and Intellectual Capital Disclosure on Ownership Concentration in Indonesia Banking Industries

Abstract

In the era of the knowledge economy, when information is power, Intellectual Capital Disclosure (ICD) is crucial in giving details about a company's intellectual assets. This research aims to obtain empirical evidence of how Board commissioners influence ICD and how ownership concentration is moderate to board commissioners and ICD. The total sample in this research is 41 banks listed on Indonesian Stock Exchange, and data from annual reports were collected and analyzed from 2017 to 2020. This study uses panel data to integrate concepts, theories, and data on research variables to investigate ordinary least squares, random effects, and fixed effects with Stata software. Principals can use panel data-based research with testing to choose agents to run the business. Analyzing panel data is one way to test research with more accurate results. This research shows that board commissioner size and board commissioner independence have a positive impact on ICD. Then, Ownership concentration does not have a moderating relationship between the board commissioner and ICD. However, the ownership concentration has a moderate negative relationship between the board commissioner's independence and ICD.