Rudiawarni, Felizia Arni and Sulistiawan, Dedhy and Sergi, Bruno S (2023) When does intellectual capital boost stock value?: Testing the role CEO’s social media visibility. In: The 4th Financial Economic Meeting 2023, 29 Juni 2023, Paris, Perancis. (Submitted)
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Abstract
Nowadays, the use of intellectual capital and social media is dramatically increasing. This paper investigates whether intellectual capital positively affects firm value. We also study how the CEO's social media visibility as a company leader might boost the role of intellectual capital in increasing company value. We use Linkedin information to represent professional appearance and network. Our research employs a sample of 1,314 firm years that go public in the Indonesia Stock Exchange between 2016 and 2021. Considering value relevance issues, we only use profit firms to test our data. Empirically, our results suggest that intellectual capital using Pulic’s model is not able to stimulate firm value. The CEO's social media visibility has the ability to affect intellectual capital in enhancing firm value. This work contributes to the study of behavioral finance, particularly in situations relevant to today's economy. The popularity of social media brings an impact on investing decisions.
| Item Type: | Conference or Workshop Item (Paper) |
|---|---|
| Uncontrolled Keywords: | Intelectual capital, Social media, CEO, Firm value |
| Subjects: | H Social Sciences > H Social Sciences (General) H Social Sciences > HF Commerce H Social Sciences > HF Commerce > HF5601 Accounting |
| Divisions: | Faculty of Business and Economic > Department of Accounting |
| Depositing User: | Felizia Arni Rudiawarni 31129 |
| Date Deposited: | 16 May 2023 03:25 |
| Last Modified: | 16 May 2023 03:25 |
| URI: | http://repository.ubaya.ac.id/id/eprint/44137 |
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