PENGARUH INTELLECTUAL CAPITAL TERHADAP PROFITABILITAS DAN KINERJA PASAR
Abstract: This study aims to
analyze the effects of Intellectual Capital to Profitability and Market
Performance. Intellectual capital which consists of human capital efficiency
(HCE), structural capital efficiency (SCE), and the capital employed efficiency
(CEE) which uses a model Pulic - Value Added Intellectual Coefficients
(VAICTM). Profitability is proxied by Return on Assets (ROA) and market
performance is proxied by the Market to Book Value (MtBV). The research samples
are the trade and services in the Indonesia Stock Exchange in 2009-2012. Based
on purposive sampling method, samples obtained 51 companies . This study used
multiple linear regression to analyze the data. The results of this study indicate that
intellectual capital (IC), structural capital efficiency (SCE), and capital
employed efficiency (CEE) is significant positive effect on return on assets
(ROA), but in human capital efficiency (HCE) is not significant and negative
effect the return on assets (ROA). Furthermore , the results of research on the
performance of the market is proxied by market to book (MtBV) indicates that
intellectual capital (IC) , structural capital efficiency (SCE) , and the
capital employed efficiency (CEE) is not positive and not significant effect on
the market to book (MtBV). In contrast , human capital efficiency (HCE) a
positive significant effect on the market to book value (MtBV).
Penulis: Chrisnatty Chandra
Dwipayani, Andri Prastiwi
Kode Jurnal: jpakuntansidd141139
