Effect of Intellectual Capital to Financial Performance and Market Value Company Listed in Indonesia Stock Exchange (Idx) Year 2010-2015
Downloads
The development in the field of economy has an impact on the significant changes toward business management and strategy of companies in Indonesia. One of the companies experiencing intense competition in the economy of Indonesia is company on finance industry. The finance company is one of the knowledge based industries in the service industry, where the company has the characteristics of economics based on science effecting on the importance of intellectual capital value in the company. This study aims to determine how the influence of intellectual capital on financial performance and market value of companies listed on Indonesia Stock Exchange in 2010-2015. The unit of analysis used in this study is all finance companies listed on the Indonesia Stock Exchange consisting of 16 companies. This research data is the company's financial report for 6 years that is in period 2010-2015. The data used is the balance panel data, which then will be analyzed by using Eviews 9. The result of this study shows that intellectual capital has a significant influence and positive relationship on almost all sub-variables financial performance proxied on the ratio of NPM, ROA, ROE, ARTO, TATO , CR, DR, and TIER on finance company, and intellectual capital has a significant influence and positive relationship on variable of market value proxied on MBV on finance company.
Ariff, Afiratul Husna Mohd., Islam, Ainul., & Tony van Zilj. 2016. Intellectual capital and Market Performance: The Case of Multinatinal R&D Firm in The U.S. The Journal of Developing Areas.Volume 50 N0.5.
Al Musali, M.A.K dan Ismail, K.N.I.K. 2014. Intellectia Capital And its Effect on Financial Performance of Banks: Evidence From Saudi Arabia. International Conference on Accounting Studies, ELSEVIER, 201-207.
Bontis, N., W.C.C. Keow, S., and Richardson. 2000. Intellectual Capital and Business Performance in Malaysian Industries. Journal of Intellectual Capital, Vol.1 No.1. pp. 85-100
Bukh. et al. 2005. Disclosure of Information on Intellectual Capital in Danish IPO Prospectuses. Accounting, Auditing & Accountability Journal, Vol 18 No 6, 713-732.
Dessler, Gary. 2000. Human Resource Management. Tenth Edition. New Jersey: Perntice Hall.
Fikriiyantie, Dewi. 2015.Pengaruh Intelektua Capital Terhadap Kinerja Keuangan (ROE) dan Implikasinya Pada Nilai Perusahaan. Universitas Komputer Indonesia.
Ghozali, Adrian., dan Hatane, Saarce Elsye. 2014. Pengaruh Intellectual Capital Terhadap Kinerja Keuangan dan Nilai Perusahaan Khususnya DI Indudtri Keuangan dan Industri Pertambangan Yang Terdaftar Di Bursa Efek Indonesia Tahun 2008-2012. Businees Accountung Review. Vol.2. No.2, 208-217.
Kuryanto, Benny dan M. Syafruddin. 2008. Pengaruh Modal Intelektual terhadap Kinerja Keuangan Perusahaan. Proceeding SNA XI. Pontianak.
Maryani, Neni. 2011. Pengaruh Intelektual capital Terhadap Market value Perusahaan. FE Universitas Jenderal Achmad Yani Cimahi, PortofolioVol.8 No.2 Nopember 2011,52-67.
Mangkunegara, Anwar Prabu. 2002. Manajemen Sumber daya manusia Perusahaan. Bandung: Remaja Kosdakarya
Muslich, Muhammad. 2003. Manajemen Keuangan Modern. Jakarta: Bumi Aksara
Ozkan, Nasif., Cakan, Sinan., dan Kayacan, Murad. 2016. Intellectual capital and Financial Performance: Astudy of The Turkish Banking Sector. Borsa Istanbul Review. 2214-8450, 1-9.
Sumedrea, Silvia. 2013. Intellectual Capital and Firm Perfoemance: A Dynamic Relationship in Crisis Time. International Economic Conference of Sibiu 2013 Post Crisis Economy: Challenges and Opportunities, IECS 2013. ELSEVIER. Hal 137-144.
Sugiono, Arief,. dan Edy, Untung. 2008. Panduan Praktis Dasar Analisa Laporan Keuangan. Jakarta: PT Grasindo.
Thaib, Faeza. 2013. Value Added Intellectual Capital (VAHU,VACA,STVA) Pengaruhnya Terhadap Kinerja keuangan bank Pemerintah Periode 2007-2011. Jurnal EMBA ISSN 2303-1174. Vol.1. No.3: pp 151-159
Tohfi, Muhammed., Elkabbouri, Mounime., & Yousesef, Ifleh. 2016. The Relationship Between Intellectual Capital, Firm value and Financial Performance in The Bnaking Sector: Empirical Evidence From Morocco. International Journal of Innovation and Applied Studies ISSN 2028-9324. No.3: pp. 1004-1013.
Ulum, Ihyaul. 2009. Intellectual Capital: Konsep dan Kajian Empiris. Yogyakarta: Graha Ilmu.
Wijaya, Novia. 2012. Pengaruh Intellectual Capital Terhadap Kinerja Keuangan dan Nilai Pasar Perusahaan Perbankan dengan Metode Value Added Intellectual Capital. Jurnal Bisnis dan Akuntansi, Vol. 14. No. 3,157-180.
Yudhanti, Ceicillia BH dan Shanti C, Josepha. 2011. Intellectual Capitak dan Ukuran Fundamental Kinerja Keuangan Perusahaan. Jurnal Akuntansi dan Keuangan. Vol. 13 No. 2: hal 57-66.
