Relevansi Nilai Aset Tak Berwujud

Abstract

Intangible assets are one of the major determinant of corporate value. The aim of this research is to examine the value-relevance of recognized intangible assets.Using 269 firm-years in the period of 2007 – 2011 and pooled least square with fixed effect approach as the regression method, this research provide empirical evidence that goodwill and identifiable intangible assets are value-relevant in explaining market value of equity.This study use the adoption of PSAK 19 (2010 revised) as a control variable to test whether adoption of IFRS-based accounting standard effects the value relevance of intangible assets. The result is confirming that PSAK 19 (2010 revised) effects positively on the value relevance of goodwill and effects negatively on the value relevance of brand and patent, leasehold, and customers contract