PENGARUH INTELLECTUAL CAPITAL TERHADAP KINERJA KEUANGAN DAN NILAI PASAR PERUSAHAAN PERBANKAN DENGAN METODE VALUE ADDED INTELLECTUAL COEFFICIENT
Abstrak: The purpose
of this study
is to investigate
the influence of value creation
efficiency, as measured
by value added
intellectual coefficients that consists of three components of a firms’
resource (capital employed, human
capital, and structural
capital) to financial performance: profitability and
productivity, as measured by Return on Equity and Asset Turnover and to firms’
market value, as measured by Market
to Book Value
Ratio in Indonesian
banking industry. This study objective is to give input for
financial manager and investor in increasing financial performance and firms’
market value by investment in intellectual capital.Regression models
were used to
examine the influence of each
component of the value creation efficiency on financial performance and firms’
market value. The data used in this study are taken from
26 Indonesia banks
from the 2008-2011
public listing of banking
companies. This empirical
study uses purposive
sampling technique and regression
model for the
data analysis.The research indicates that
capital employed efficiency
influences profitabilit y, productivity
and firms’ market value. The human capital efficiency and structural capital
efficiency influence firms’ market value, but fails to influence profitability
and productivity.
Keywords: Intellectual
Capital, Return on
Equity, Asset Turnover, Market to Book Value Ratio, Capital
Employed Efficiency, Human Capital Efficiency, Structural Capital Efficiency
Penulis: NOVIA WIJAYA
Kode Jurnal: jpakuntansidd120105
