PENGARUH LANGSUNG DAN TIDAK LANGSUNG HUMAN CAPITAL TERHADAP NILAI PERUSAHAAN (Studi Empiris terhadap Perusahaan Perbankan yang tercatat di Bursa Efek Indonesia periode 2010-2012)
Abstract: The purpose of this
study is to examine fundamental accounting variables and the role played by the
components of intellectual capital including interaction between the components
of intellectual capital in creating firm value. Fundamental accounting variables
proxied by Book Value per Share (BVPS) and Earning per Share (EPS), while
intellectual capital components as measured by Value Added Intellectual
Coefficient (VAIC) consist of Capital Employed Efficiency (CEE), Human Capital
Efficiency (HCE), and Structural Capital Efficiency (SCE). In addition, this
research uses multiplication between HCE and SCE as an interaction variable.
Research sample comprised all firms listed on Indonesia Stock Exchange in the banking
sector for the period 2010-2012. Sampling method used in this study was
purposive sampling to obtain 84 observations for analysis. This study utilized
Ordinary Least Square (OLS) regression as a main analysis technique.
Findings confirm the existence of a positive relationship between
fundamental accounting variables i.e. BVPS & EPS, and firm value. Out of three components VAIC,
only CEE shows positive relationship with firm value. The two components of IC,
namely HCE and SCE, show a significant positive influence on firm value when
these two variables interact. It indicates an indirect relationship between HC
and firm value.
Penulis: Fauzia Tresnasari,
Agung Juliarto
Kode Jurnal: jpakuntansidd141081
