PENGARUH INTELLECTUAL CAPITAL TERHADAP KINERJA KEUANGAN, PERTUMBUHAN, DAN NILAI PASAR PERUSAHAAN (Studi Empiris pada Perusahaann Konstruksi, Property & Real Estate yang Terdaftar di Bursa Efek Indonesia Tahun 2009-2012)
Abstract: This study aimed to
examine the influence of Intellectual capital to the financial performance of
the company. This study is done because of the awareness that IC is an
importance component that can create value added and competitive advantage for
the companies.
The population in this study consists of construction, property &
real estate firms in Indonesia Stock Exchange in year 2009-2012. Sampling
method is used purposive sampling. With one of the criteria that the company
did not have a negative net income and not delisting during observation, so the
samples consists of 88 companies. This study uses a method developed by Pulic
(1998) - Value Added Intellectual Coefficient (VAIC). This study examine the
influence VAIC and its components (capital employed (CEE), human capital (HCE) and
structural capital (SCE)) towards the company's financial performance (Return
on Assets, Return on Equity, Revenue Growth, Employee Productivity, and Earning
per share). Partial Least Square (PLS) that used to test the influence of VAIC
financial performance of the company.
The results of this study indicate that there is a positive and
significant relationship between VAIC to financial and VAIC to market value
performance. Relationship between VAIC and growth is not significant. Last year
VAIC does not affect to financial, growth, and market value performance in
current year.
Penulis: Maria Carolin
Oktavia, Daljono
Kode Jurnal: jpakuntansidd141003
