PENGARUH INTELLECTUAL CAPITAL TERHADAP FIRM’S MARKET VALUE DAN FINANCIAL PERFORMANCE PADA PERUSAHAAN HIGH INTELLECTUAL CAPITAL INTENSIVE INDUSTRIES YANG TERDAFTAR DI BEI
Abstract Views:
192 times
PDF - FULL TEXT Downloads:
368 times
Abstract
Penelitian ini bertujuan untuk melihat pengaruh intellectual capital terhadap market value dan financial performance perusahaan saat ini dan di masa yang akan datang. Sampel penelitian ini menggunakan data dari perusahaan high intellectual capital intensive menurut Whiting and Woodcock (2011) yang terdaftar di BEI (Bursa Efek Indonesia) tahun 2010 – 2014. Pengukuran intellectual capital perusahaan menggunakan metode penghitungan VAICTM oleh Pulic ditambah dengan variabel dependen Research and Development Expenditure (RD) dan Advertising Expenditure (AD). Pengukuran market value perusahaan menggunakan metode penghitungan Market to Book Value Ratio dan pengukuran financial performance perusahaan menggunakan rasio Return on Assets (ROA), Return on Equity (ROE), Growth Revenue (GR), dan Employee Productivity (EP). Hasil penelitian ini menunjukkan bahwa capital employee yang paling berpengaruh terhadap peningkatan market value dan financial performance pada perusahaan sampel.
Downloads
References
Bontis, N. 1998. “Intellectual Capital: an Exploratory Study that Develops Measures and Models.” Management Decision. Vol. 36 No. 2, 63-76.
Bontis, N, Wiliam Chua Chong Keow dan Stanley Richardson. 2000. “Intellectual Capital and Business Performance in Malaysian Industries.” Journal of Intellectual Capital. Vol 1, No. 1, 85-100.
Bontis, N. (2001), “Assessing knowledge assets: a review of the models used to measure intellectual capital”, International Journal of Management Review, Vol. 3 No. 1, pp. 41-60.
Cristina Maria Morariu , (2014),"Intellectual capital performance in the case of Romanian public companies", Journal of Intellectual Capital, Vol. 15 Iss 3 pp. 392 – 410 Dimitrios Maditinos Dimitrios Chatzoudes Charalampos Tsairidis Georgios
Theriou, (2011),"The impact of intellectual capital on firms' market value and financial performance", Journal of Intellectual Capital, Vol. 12 Iss 1 pp. 132 – 151
Edvinsson, L. and Malone, M. (1997), Intellectual Capital: Realizing Your Company’s True Value byFinding Its Hidden Brainpower, HarperCollins, New York, NY.
Gholamhossein Mehralian Ali Rajabzadeh Mohammad Reza Sadeh Hamid Reza Rasekh,(2012),"Intellectual capital and corporate performance in Iranian pharmaceutical industry", Journal of Intellectual Capital, Vol. 13 Iss 1 pp. 138 - 158
Ghozali, Imam. 2009. Aplikasi Analisis Multivariate dengan Program SPSS. Semarang: Badan Penerbit Universitas Dipenogoro.
Guthrie, J. 2001. “The Management, Measurement and The Reporting Intellectual Capital.” Journal of Intellectual Capital. Vol 2, No. 1, 27-41.
Hong, Pew Tan, David Plowman dan Phil Hancock. 2007. “Intellectual Capital and Financial Returns of Companies.” Journal of Intellectual Capital. Vol 8, No. 1, 76-95.
- Articles published in CALYPTRA are licensed under a Creative Commons Attribution-ShareAlike 4.0 International license. You are free to copy, transform, or redistribute articles for any lawful purpose in any medium, provided you give appropriate credit to the original author(s) and the journal, link to the license, indicate if changes were made, and redistribute any derivative work under the same license.
- Copyright on articles is retained by the respective author(s), without restrictions. A non-exclusive license is granted to CALYPTRA to publish the article and identify itself as its original publisher, along with the commercial right to include the article in a hardcopy issue for sale to libraries and individuals.
- By publishing in CALYPTRA, authors grant any third party the right to use their article to the extent provided by the Creative Commons Attribution-ShareAlike 4.0 International license.
