文章基本信息

标题：Agency Costs and Intellectual Capital in Indonesia Manufacturing Firms
其他标题：Agency Costs and Intellectual Capital in Indonesia Manufacturing Firms
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作者：Hendra Wijaya
期刊名称：Research Journal of Finance and Accounting
印刷版ISSN：2222-1697
出版年度：2017
卷号：8
期号：24
页码：36-39
语种：English
出版社：The International Institute for Science, Technology and Education (IISTE)
摘要：This research test the influence of intellectual capital on agency costs of the firm. Intellectual capital measured by VAIC™ developed by Pulic (2000). Agency costs on this research based on Ang et al. (2000) measured by total asset turnover and operating expenses ratio. Samples of this research are 90 manufacturing firms in Indonesia. This research uses multiple regression for analysis and also uses Newey-West to eliminate the heteroscedasticity and autocorrelation problems. The results show that intellectual capital has a positive influence on agency costs measured by asset turnover and has a negative influence on agency costs measured by operating expenses ratio. The finding suggests that intellectual capital of the firm can result better investment decisions and effect on productivity and efficieny. Keywords: Agency Costs, Agency Conflict, Intellectual Capital
关键词：Agency Costs; Agency Conflict; Intellectual Capital