Company Value: The Effect of Intellectual Capital, Information Transparency, and Company Size

Abstract

This research aims to analyze the relationship between 
intellectual capital (IC), information transparency, company 
size, and company value in banking companies listed on the 
Indonesia Stock Exchange (IDX) from 2018 to 2022. This 
research uses quantitative methods and panel data 
regression using Eviews 12 to test the relationship between 
research variables. The sampling technique was carried out 
using a purposive sampling method to obtain forty 
companies as research samples. The results of this research 
show that intellectual capital has a positive effect on 
company value, this shows that increasing intellectual capital 
(IC) can increase company value. The company value is not 
affected by information transparency. The company value is 
not affected by the size of the company. The information 
asymmetry between investors and managers explains a 
relationship between company value and signal theory. 
Companies with high intellectual capital have a competitive 
advantage in attracting investors' attention and can increase 
company value. The implications of this research are shown 
to companies, investors, and future researchers. This 
research provides new insight into the relationship between 
the influence of intellectual capital (IC), information 
transparency, and company size on company value in 
banking companies listed on the Indonesia Stock Exchange 
from 2018 to 2022.