ANALISIS HUBUNGAN ANTARA CORPORATE GOVERNANCE, INTELLECTUAL CAPITAL, DAN KINERJA PERUSAHAAN (Studi Empiris pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia 2009 - 2011)
Abstract: The purpose of this
study is to investigate the influence of corporate governance (managerial
ownership, institutional ownership and proportion of board of independent
commissioners) on intellectual capital (VAICTM). and the influence of the
intellectual capital and corporate governance on corporate performance (ROA and
M/B). In addition, this study examine whether the intellectual capital may
mediate the association of corporate governance on corporate performance.The
population in this study is a manufacturing company which listed on the
Indonesia Stock Exchange in the year 2009-2011. 66 observed samples obtained by
using purposive sampling method. The method of analysis used in this study is
multiple linear regression analysis and sobel test with SPSS software.The
results showed that corporate governance proxied by managerial ownership and
institutional ownership doesn’t affect positively to intellectual capital,
while proportion of board of independent commissioners positive influence on
intellectual capital. Intellectual capital and corporate governance proxied by
institutional ownership has a positive influence on corporate performance,
while managerial ownership and proportion of board of independent commissioners
has no effect on corporate performance. Sobel test results intellectual capital
can’t mediate the association of corporate governance on corporate performance.
Keywords: Intellectual
Capital, VAICTM, corporate governance, managerial ownership, institutional
ownership, proportion board of independent commissioners, ROA, M/B
Penulis: Sonni Handoko, Fuad
Kode Jurnal: jpakuntansidd131041
