Font Size: 

Investors are currently required to view a company in the long run. This is related to the ability of companies with resources that are owned to survive amid the competition and the company's obligation to maintain the environment and the community where the company operates. Various advantages began to be created by the company and informed to investors through annual reports and other news media. Intellectual Capital is an example of Intangible Assets owned by a company in terms of operation. Research from Oliveir et. al. (2010) put forward the concept of Ohlson (2005) that there is value relevance of the information. Research Purnomosidhi (2006) used as one reference to see the influence of intellectual capital to investors.

This study examines the value relevance of intangible assets as well as the moderating role of intellectual capital. With the help of NVIVO 11 software in collecting intellectual capital disclosure data, researchers see what percentage of disclosures in the company's annual report. The related variables in the 2011-2015 period were processed using Stata version 14 software to perform panel data test. The result shows that the intangible asset identified other than Goodwill has significant relevant value to the investor, while Goodwill and intellectual capital disclosure have no relevant value. The role of moderation of intellectual capital is also not found in this study.