Pengaruh Intellectual Capital Terhadap Kinerja Keuangan Perusahaan Publik (Non Keuangan) di Indonesia
ABSTRACT: Businesses began to
realize that the ability to compete not only in the ownership of industrial machines,
but more on innovation, information systems, organizational management and human
resource knowledge he had. An attempt will be able to compete when using competitive
advantage gained through creative innovations produced by the intellectual
capital of the company. Therefore, the Intellectual Capital (IC) has become a
very valuable asset in the modern business world because it is necessary to
create value added for the company. This study aims to determine the effect of
IC on corporate financial performance. IC is an independent variable and the
company’s financial performance as the dependent variable.
Data used in this study is 215 public companies (non financial) in
Indonesia from 2005 until 2008 which are listed on the Indonesia Stock Exchange
(BEI). This research uses Pulic model (Value Added Intellectual Coefficient ™ -
VAIC ™) as a measure of IC components that proxies with physical
capital (vaca), human
capital (VAHU), and
structural capital (STVA).
Partial Least Square (PLS) is used as a tool to test the effect of IC
(VAIC ™) to the company’s financial performance, which the company’s financial
performance proxies with the ROE, EPS and MBV.
The results of this study indicate that: IC (VAIC ™) positive effect on
company financial perfor-mance; IC (VAIC ™) positive effect on company
financial performance in the future, the average growth of IC (ROGIC) no
positive effect on corporate financial performance in the future front, and the
contribution of IC (VAIC ™) against the company’s financial performance in the
future will differ according to type of industry.
Keywords: Intellectual
Capital, (VAIC ™), the company’s financial performance, Partial Least Square
(PLS).
Penulis: Luluk Muhimatul
Ifada, Hairida Hapsari
Kode Jurnal: jpakuntansidd120013
