Volume 8 – Issue 3 – September 2019 jmm.unram.ac.id 311 PENGUNGKAPAN MODAL INTELEKTUAL: FAKTOR PENENTU DAN KONSEKUENSINYA PADA NILAI PERUSAHAAN I Gusti Ngurah Agung Suaryana 1 1 Fakultas Ekonomi dan Bisnis, Universitas Udayana, Indonesia e-mail : agungsuaryana@unud.ac.id ARTICLE INFO ABSTRACT Keywords : Intellectual Capital Disclosure ; Company Value ; Board of Commissioners ; Company Size. How to cite : Ngurah Agung Suaryana, I Gusti., (2019). Pengungkapan Modal Intelektual : Faktor Penentu dan Konsekuensinya Pada Nilai Perusahaan. JMM UNRAM, 8(3), 311 - 326 DOI : http://dx.doi.org/10.29303/jmm.v8i3.493 Dikumpulkan : 01 September 2019 Direvisi : 19 September 2019 Dipublikasi : 23 September 2019 Intellectual capital is a knowledge-based resource that plays an important role in creating a sustainable competitive advantage of a company. Intellectual capital is an important resource in the era of information and knowledge for company growth. Intellectual capital as an important resource owned by the company needs to be disclosed by the company to investors and potential investors. Disclosure of intellectual capital in Indonesia is still voluntary, it has been implicitly regulated in PSAK No. 19. This research will examine the determinants of intellectual capital disclosures and their consequences on company value. The determining factor that is suspected to affect the disclosure of intellectual capital in Indonesia is the number of board of commissioners, the proportion of independent board of commissioners, company size, and leverage. The consequence of intellectual capital disclosure is the value of the company. The study population was all companies included in the LQ45 on the Indonesia Stock Exchange in the period 2014 to 2016. The number of research samples was 135 observations. The analysis used is multiple linear regression. The results of this study found the number of board of commissioners, the proportion of independent board of commissioners, company size, and leverage had a positive effect on the disclosure of intellectual capital. The broader disclosure of intellectual capital, the higher the value of the company. Modal Intelektual merupakan sumber daya berbasis pengetahuan yang beperan penting dalam menciptakan keunggulan kompetitif berkelanjutan perusahaan. Modal intelektual manjadi sumber daya penting pada era informasi dan pengetahuan untuk pertumbuhan perusahaan.Modal intelektual sebagai sumberdaya penting yang dimiliki oleh perusahaan perlu diungkapkan oleh perusahaan kepada investor dan calon investor. Pengungkapan modal intelektual di Indonesia masih bersifat sukarela, secara implisit telah diatur di