C.Erna Susilawati_Abstract_1712013

INFORMASI INTELLECTUAL CAPITAL DALAM LAPORAN ANALIS SEKURITAS:  BERMANFAATKAH BAGI INVESTOR?
 
 C. Erna Susilawati
Fakultas Bisnis Unika Widya Mandala Surabaya
Jl.Dinoyo 42-44 Surabaya, 60265

Korespondensi dengan Penulis:
C.Erna Susilawati: Telp./Fax.+62 31 567 8578
E-mail: erna_msi@yahoo.com

Abstract

The role of intellectual capital to increase value of the firm, prompting securities analyst to include information about that into securities analyst report. The value of analyst report explored by previous researchers. However, information about intellectual capital in securities analyst report is not widely studied. The purpose of this research to investigate the value of  intellectual capital information in the securities analyst report for investor and tries to explore the role of securities analyst to reduce asymmetry information. The result showed that intellectual capital information used by investor and thus effects the trading volume. The other findings show that intellectual capital information reinforces the influence of the revision of stocks recommendation to trading volume. Abnormal return of stock when the analyst reports contain intellectual capital information is higher than that do not contain such information. 

Key words: abnormal return, intellectual capital, securities analyst report

<Full Text>

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s