Intellectual capital disclosure and post-issue financial performance

Abstract

This research analyzes the relationship of intellectual capital disclosure with post-issue financial performance of the company. The analysis results on 85 companies which did Initial Public Offering (IPO) in Indonesian Stock Exchange period 2010 2014 show that intellectual capital disclosure affect positively on post-issue financial performance of the company. The results of this research indicate the usefulness of intellectual capital disclosure as a signal of company’s performance quality in the future. The company which is more extensive in disclosing intellectual capital in the IPO prospectus is proved to have better future performance.