{"id":"https://openalex.org/W7224128205","doi":"https://doi.org/10.5281/zenodo.23723600","title":"THE EFFECT OF INTELLECTUAL CAPITAL AND ESG DISCLOSURE ON FIRM VALUE FROM A SUSTAINABLE VALUE CREATION PERSPECTIVE","display_name":"THE EFFECT OF INTELLECTUAL CAPITAL AND ESG DISCLOSURE ON FIRM VALUE FROM A SUSTAINABLE VALUE CREATION PERSPECTIVE","publication_year":2026,"publication_date":"2026-10-28","ids":{"openalex":"https://openalex.org/W7224128205","doi":"https://doi.org/10.5281/zenodo.23723600"},"language":"en","primary_location":{"id":"doi:10.5281/zenodo.23723600","doi":"https://doi.org/10.5281/zenodo.23723600","is_oa":true,"landing_page_url":"https://doi.org/10.5281/zenodo.23723600","pdf_url":null,"source":{"id":"https://openalex.org/S4306400562","display_name":"Zenodo (CERN European Organization for Nuclear Research)","issn_l":null,"issn":null,"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I67311998","host_organization_name":"European Organization for Nuclear Research","host_organization_lineage":["https://openalex.org/I67311998"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":null,"is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article-journal"},"volume":null,"type":"article","indexed_in":["datacite"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://doi.org/10.5281/zenodo.23723600","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5160012622","display_name":"Mas Sitti Handini Supit","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I4405257424","display_name":"Universitas Muhammadiyah Bandung","ror":"https://ror.org/05862k391","country_code":"ID","type":"education","lineage":["https://openalex.org/I4405257424"]}],"countries":["ID"],"is_corresponding":false,"raw_author_name":"Mas Sitti Handini Supit","raw_affiliation_strings":["Universitas Muhammadiyah Bandung"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Universitas Muhammadiyah Bandung","institution_ids":["https://openalex.org/I4405257424"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5151572120","display_name":"Hendriyana","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I4405257424","display_name":"Universitas Muhammadiyah Bandung","ror":"https://ror.org/05862k391","country_code":"ID","type":"education","lineage":["https://openalex.org/I4405257424"]}],"countries":["ID"],"is_corresponding":false,"raw_author_name":"Hendriyana","raw_affiliation_strings":["Universitas Muhammadiyah Bandung"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Universitas Muhammadiyah Bandung","institution_ids":["https://openalex.org/I4405257424"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5116766806","display_name":"Iman Harjono","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I4405257424","display_name":"Universitas Muhammadiyah Bandung","ror":"https://ror.org/05862k391","country_code":"ID","type":"education","lineage":["https://openalex.org/I4405257424"]}],"countries":["ID"],"is_corresponding":false,"raw_author_name":"Iman Harjono","raw_affiliation_strings":["Universitas Muhammadiyah Bandung"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Universitas Muhammadiyah Bandung","institution_ids":["https://openalex.org/I4405257424"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":["https://openalex.org/I4405257424"],"apc_list":null,"apc_paid":null,"fwci":0.0,"has_fulltext":false,"cited_by_count":0,"citation_normalized_percentile":{"value":0.86020566,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11849","display_name":"Intellectual Capital and Performance Analysis","score":0.8300999999046326,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11849","display_name":"Intellectual Capital and Performance Analysis","score":0.8300999999046326,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10115","display_name":"Corporate Social Responsibility Reporting","score":0.15369999408721924,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13957","display_name":"Corporate Governance and Financial Management","score":0.008700000122189522,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/intellectual-capital","display_name":"intellectual capital","score":1.0},{"id":"https://openalex.org/keywords/esg-disclosure","display_name":"ESG disclosure","score":0.9990000128746033},{"id":"https://openalex.org/keywords/firm-value","display_name":"firm value","score":0.9950000047683716},{"id":"https://openalex.org/keywords/sustainable-value-creation","display_name":"sustainable value creation","score":0.9980000257492065},{"id":"https://openalex.org/keywords/consumer-non-cyclicals","display_name":"consumer non-cyclicals","score":0.8949999809265137},{"id":"https://openalex.org/keywords/indonesia-stock-exchange","display_name":"Indonesia Stock Exchange","score":0.8510000109672546},{"id":"https://openalex.org/keywords/sustainability-transparency","display_name":"sustainability transparency","score":0.7039999961853027},{"id":"https://openalex.org/keywords/organizational-legitimacy","display_name":"organizational legitimacy","score":0.7549999952316284},{"id":"https://openalex.org/keywords/corporate-governance","display_name":"corporate governance","score":0.3440000116825104}],"concepts":[{"id":"https://openalex.org/C2780838347","wikidata":"https://www.wikidata.org/wiki/Q1329252","display_name":"Intellectual capital","level":2,"score":0.9136000275611877},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.7217000126838684},{"id":"https://openalex.org/C23032112","wikidata":"https://www.wikidata.org/wiki/Q1344727","display_name":"Enterprise value","level":2,"score":0.6176999807357788},{"id":"https://openalex.org/C121955636","wikidata":"https://www.wikidata.org/wiki/Q4116214","display_name":"Accounting","level":1,"score":0.5562999844551086},{"id":"https://openalex.org/C39389867","wikidata":"https://www.wikidata.org/wiki/Q380767","display_name":"Corporate governance","level":2,"score":0.5461999773979187},{"id":"https://openalex.org/C200870193","wikidata":"https://www.wikidata.org/wiki/Q11691","display_name":"Stock exchange","level":2,"score":0.5349000096321106},{"id":"https://openalex.org/C2776291640","wikidata":"https://www.wikidata.org/wiki/Q2912517","display_name":"Value (mathematics)","level":2,"score":0.5241000056266785},{"id":"https://openalex.org/C66204764","wikidata":"https://www.wikidata.org/wiki/Q219416","display_name":"Sustainability","level":2,"score":0.49869999289512634},{"id":"https://openalex.org/C2780233690","wikidata":"https://www.wikidata.org/wiki/Q535347","display_name":"Transparency (behavior)","level":2,"score":0.4977000057697296},{"id":"https://openalex.org/C202552767","wikidata":"https://www.wikidata.org/wiki/Q1901350","display_name":"Market value","level":2,"score":0.49070000648498535},{"id":"https://openalex.org/C12713177","wikidata":"https://www.wikidata.org/wiki/Q1900281","display_name":"Perspective (graphical)","level":2,"score":0.39969998598098755},{"id":"https://openalex.org/C552854447","wikidata":"https://www.wikidata.org/wiki/Q131201","display_name":"Sustainable development","level":2,"score":0.39649999141693115},{"id":"https://openalex.org/C2986652750","wikidata":"https://www.wikidata.org/wiki/Q11700776","display_name":"Value creation","level":2,"score":0.3865000009536743},{"id":"https://openalex.org/C40700","wikidata":"https://www.wikidata.org/wiki/Q1411783","display_name":"Industrial organization","level":1,"score":0.38609999418258667},{"id":"https://openalex.org/C143910263","wikidata":"https://www.wikidata.org/wiki/Q750458","display_name":"Capital market","level":2,"score":0.3831999897956848},{"id":"https://openalex.org/C46295352","wikidata":"https://www.wikidata.org/wiki/Q207982","display_name":"Legitimacy","level":3,"score":0.3522999882698059},{"id":"https://openalex.org/C2777483948","wikidata":"https://www.wikidata.org/wiki/Q7649626","display_name":"Sustainable Value","level":3,"score":0.3434999883174896},{"id":"https://openalex.org/C147239956","wikidata":"https://www.wikidata.org/wiki/Q556441","display_name":"Business value","level":3,"score":0.3325999975204468},{"id":"https://openalex.org/C83646750","wikidata":"https://www.wikidata.org/wiki/Q193893","display_name":"Capital (architecture)","level":2,"score":0.29989999532699585},{"id":"https://openalex.org/C2776037352","wikidata":"https://www.wikidata.org/wiki/Q7102010","display_name":"Organizational capital","level":3,"score":0.28439998626708984},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.2721000015735626},{"id":"https://openalex.org/C2779669084","wikidata":"https://www.wikidata.org/wiki/Q382097","display_name":"Resource-based view","level":3,"score":0.26809999346733093},{"id":"https://openalex.org/C63545947","wikidata":"https://www.wikidata.org/wiki/Q10958910","display_name":"Individual capital","level":4,"score":0.2632000148296356},{"id":"https://openalex.org/C2776667712","wikidata":"https://www.wikidata.org/wiki/Q5172498","display_name":"Corporate sustainability","level":3,"score":0.2578999996185303},{"id":"https://openalex.org/C147887874","wikidata":"https://www.wikidata.org/wiki/Q16252774","display_name":"Institutional theory","level":2,"score":0.2547000050544739},{"id":"https://openalex.org/C178008962","wikidata":"https://www.wikidata.org/wiki/Q295382","display_name":"Sustainable business","level":3,"score":0.2540999948978424},{"id":"https://openalex.org/C2780473208","wikidata":"https://www.wikidata.org/wiki/Q1668727","display_name":"Sustainability reporting","level":3,"score":0.2515000104904175}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.5281/zenodo.23723600","doi":"https://doi.org/10.5281/zenodo.23723600","is_oa":true,"landing_page_url":"https://doi.org/10.5281/zenodo.23723600","pdf_url":null,"source":{"id":"https://openalex.org/S4306400562","display_name":"Zenodo (CERN European Organization for Nuclear Research)","issn_l":null,"issn":null,"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I67311998","host_organization_name":"European Organization for Nuclear Research","host_organization_lineage":["https://openalex.org/I67311998"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":null,"is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article-journal"},{"id":"doi:10.5281/zenodo.23723601","doi":"https://doi.org/10.5281/zenodo.23723601","is_oa":true,"landing_page_url":"https://doi.org/10.5281/zenodo.23723601","pdf_url":null,"source":{"id":"https://openalex.org/S4306400562","display_name":"Zenodo (CERN European Organization for Nuclear Research)","issn_l":null,"issn":null,"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I67311998","host_organization_name":"European Organization for Nuclear Research","host_organization_lineage":["https://openalex.org/I67311998"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":null,"is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article-journal"}],"best_oa_location":{"id":"doi:10.5281/zenodo.23723600","doi":"https://doi.org/10.5281/zenodo.23723600","is_oa":true,"landing_page_url":"https://doi.org/10.5281/zenodo.23723600","pdf_url":null,"source":{"id":"https://openalex.org/S4306400562","display_name":"Zenodo (CERN European Organization for Nuclear Research)","issn_l":null,"issn":null,"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I67311998","host_organization_name":"European Organization for Nuclear Research","host_organization_lineage":["https://openalex.org/I67311998"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":null,"is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article-journal"},"sustainable_development_goals":[{"display_name":"Industry, innovation and infrastructure","score":0.428600013256073,"id":"https://metadata.un.org/sdg/9"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":0,"referenced_works":[],"related_works":["https://openalex.org/W7215748538","https://openalex.org/W7077561630","https://openalex.org/W7204576144","https://openalex.org/W7114780100","https://openalex.org/W7216327550","https://openalex.org/W7223444052","https://openalex.org/W7202218589","https://openalex.org/W4407817359","https://openalex.org/W7167408565","https://openalex.org/W4410527711"],"abstract_inverted_index":{"This":[0,133],"study":[1,40],"examines":[2],"the":[3,27,33,101,188],"effects":[4],"of":[5,104,161,183,190],"intellectual":[6,80,105,162,193],"capital":[7,81,163],"and":[8,11,56,63,85,154,164],"environmental,":[9],"social,":[10],"governance":[12],"(ESG)":[13],"disclosure":[14,115,166],"on":[15,32,90,124,167],"firm":[16,91,125,168,202],"value":[17,21,92,110,126,169,203],"from":[18,48],"a":[19,42,83,119],"sustainable":[20,201],"creation":[22],"perspective":[23],"among":[24],"companies":[25],"in":[26,143],"consumer":[28],"non-cyclicals":[29],"subsector":[30],"listed":[31],"Indonesia":[34],"Stock":[35],"Exchange":[36],"during":[37],"2021\u20132025.":[38],"The":[39,76,158,185],"employed":[41],"quantitative":[43],"approach":[44],"using":[45,72],"secondary":[46],"data":[47,61],"20":[49],"sampled":[50],"companies,":[51],"comprising":[52],"100":[53],"initial":[54],"observations":[55,59],"86":[57],"final":[58],"following":[60],"processing":[62],"first-difference":[64],"transformation.":[65],"Multiple":[66],"linear":[67],"regression":[68],"analysis":[69],"was":[70],"conducted":[71],"SPSS":[73],"version":[74],"25.":[75],"results":[77],"indicate":[78],"that":[79,100,136],"has":[82],"positive":[84],"statistically":[86,120,171],"significant":[87,121,172],"individual":[88,122],"effect":[89,123,160],"(t":[93,127],"=":[94,97,128,131,174,177],"5.573;":[95],"p":[96,130,176],"0.000),":[98,178],"suggesting":[99],"efficient":[102],"management":[103],"resources":[106],"contributes":[107],"to":[108,151,199],"internal":[109,192],"creation.":[111,204],"In":[112],"contrast,":[113],"ESG":[114,165],"does":[116],"not":[117,140],"have":[118],"\u22120.730;":[129],"0.468).":[132],"finding":[134],"suggests":[135],"sustainability":[137,197],"transparency":[138,198],"is":[139,170],"immediately":[141],"reflected":[142],"short-term":[144],"market":[145],"valuation,":[146],"although":[147],"it":[148],"may":[149],"contribute":[150],"organizational":[152],"legitimacy":[153],"long-term":[155],"risk":[156],"mitigation.":[157],"joint":[159],"(F":[173],"15.913;":[175],"with":[179,195],"an":[180],"adjusted":[181],"R\u00b2":[182],"0.262.":[184],"findings":[186],"highlight":[187],"importance":[189],"aligning":[191],"capabilities":[194],"external":[196],"support":[200]},"counts_by_year":[],"updated_date":"2026-11-03T10:50:19.383937","created_date":"2026-10-29T00:00:00"}
