Governance Mechanism, Intellectual Capital Disclosure, and Firm Value 
Yuliusman1, Afrizal2, Mukhzarudfa3, Tona Aurora Lubis4
1Yuliusman*, Associate Professor, Department of Accounting, Jambi, University Indonesia.
2Dr. H. Afrizal, S.E., Associate Professor, Department of Accounting, Jambi, University Indonesia.
3Dr. H. Mukhzarudfa, Associate Professor, Department of Accounting, Jambi, University Indonesia.
4Dr. H. Tona Aurora Lubis, Associate Professor, Department of Management, Jambi, University Indonesia.
Manuscript received on November 26, 2021. | Revised Manuscript received on November 30, 2021. | Manuscript published on January 30, 2022. | PP: 4-13 | Volume-10 Issue-5, January 2022. | Retrieval Number: 100.1/ijrte.E66450110522 | DOI: 10.35940/ijrte.E6645.0110522
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: This study entitled the influence of corporate governance mechanism on firm value with intellectual capital disclosure as an intervening variable. This study aims to examine the direct and indirect effect of board size, gender diversity, educational background, block holder ownership, and foreign ownership both simultaneously and partially on intellectual capital disclosure and firm value. This study examines the mediating effect of intellectual capital disclosure in the relationship between corporate governance mechanism and firm value. This study used the companies included in intellectual capital intensive industries in Indonesia Stock Exchange as the sample for 2017-2019. The sampling technique used in this study was purposive sampling, with 243 data from 81 companies. Analysis techniques used in this study were statistic descriptive, multiple regression, and path analysis used SPSS 23 for windows. The hypothesis testing results show that corporate governance mechanisms simultaneously influence intellectual capital disclosure (ICD) and firm value. Partially, only board size influences both ICD and substantial value, and educational background only influences strong value. The Sobel test shows that ICD doesn’t mediate the effect of all variables related to corporate governance mechanism on firm value.
Keywords: Corporate Governance Mechanism, Firm Value, Sdgs 2030, Intellectual Capital, Block Holder.