THE EFFECT OF INTELLECTUAL CAPITAL ON CORPORATE VALUE

Yayuk Sri Rahayu, Putri Kurnia Widiati

Abstract


Economic development has many methods in development of financial institutions banking. Liquidity management can affect the institution. The crisis in financial sector is caused by low capability of financial institutions to deal fund sources. It affects the development of securities market and real sector. This study aims to analyze the effect of Intellectual Capital on Banking Value in Indonesia. The effect of Intellectual Capital is derived revenue (financial performance) on Banking Value, indirect effect of Intellectual Capital to Company's value of financial performance. This research is a descriptive explanatory research to test the hypotheses. The population is all Indonesia Banking. This research uses 30 banks with 5 years period (series) from year 2011 until 2015. The samples are 5 years x 30 = 150 item data and analyzed by path analysis. The research results indicate that companies should aware to important role of intellectual capital management. Company must manage intellectual capital within company, because it can affect on firm value. Intellectual capital has a significantly and positive effect on financial performance. In addition, there is an indirect effect of Intellectual Capital on firm value through financial performance. Optimal intellectual capital will create value added to company to provide a separate characteristic. The company will be able to compete with its competitors, because it has a unique competitive advantage.

Keywords: intellectual capital, financial performance, corporate value

Full Text:

PDF

References


Appuhami, R, 2007, The Impact Of Intellectual Capital On Investors Capital Gains In Shares : An Empirical Investigation Of Thai Banking, Finance & Insurance Sector, International Management Review, III(2) : 14-25

Bontis, Keow, dan Richadson, 2000, Intellectual Capital and Bussiess Performance in Malaysian Industries, Journal of Intellectual Capital, Vol 1, No 1, Hal 85-100

Branco, Manuel Castilo, 2006, Communication of Corporate Social Responsibility by Portuguese Banks, Corporate Communications : An International Journal Vol.11 No 3, 2006, pp.232-248, Emerald Group Publishing Limited 1356-3289

Ghozali, Imam. 2008. Structural Equation Modeling Metode Alternatif Dengan Partial Least Square (PLS), Penerbit: Badan Penerbit Undip, Semarang.

Ni Made Sunarsih dan Ni Putu Yuria Mendra, Pengaruh Modal Intelektual Terhadap Nilai Perusahaan Dengan Kinerja Keuangan Sebagai Variabel Intervening Pada Perusahaan Yang Terdaftar Di Bursa Efek Indoesia, Jurnal Fakultas Ekonomi Universitas Mahasaraswati Denpasar

Petty,P and J Guthrie, 2000, Intellectual Capital literature review : measurement, reporting and management, Journal of Intellectual Capital, Vol 1 No 2 Pp.155-75

Pulic, A, 1998, Measuring the Performance of Intellectual Potential in Knowledge Economy, available at :www.vaic-on,net

Pulic, 2000, VAIC-An Accounting Tool for IC Management, International Journal of Technology Management, 20 (5)

Sawarjuwono, Tjiptohadi.2003. Intellectual Capital: Perlakuan, Pengukuran Dan Pelaporan (Sebuah Library Research) Jurnal Akuntansi & Keuangan Vol. 5, No. 1, Mei 2003: 35 – 57 Jurusan Ekonomi Akuntansi, Fakultas Ekonomi - Universitas Kristen Petrahttp://puslit.petra.ac.id/journals/accounting/

Sugiono, 2010, Metode Penelitian Kuantitatif & RND, Bandung : Alfabeta

Suhendah Rousilita, 2012, Pengaruh Intelectual Capital Terhadap Profitabilitas, Produktivitas, dan Penilaian Pasar pada Perusahaan yang Go Public di Indonesia pada Tahun 2005-2007, Jurnal Simposium Nasional Akuntansi XV, September 2012

Sukandarrumidi, 2006, Batubara dan Pemanfaatannya, Gajah Mada Unniversity Press, Yogyakarta

Terziovski, Mile, Gloet, Marianne, 2004, Exploring the Relationship Beetween Kowledge Management Practices and innovation Performance, Journal of Manufacturing Technology Management, Vol 15 Issue : 5, pp 402-409.




DOI: http://dx.doi.org/10.18860/mec-j.v1i2.4825

Refbacks

  • There are currently no refbacks.




Copyright (c) 2018 Management and Economics Journal (MEC-J)

Creative Commons License
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Editorial Office:
Faculty of Economics,
State Islamic University of Maulana Malik Ibrahim Malang
Gajayana Street 50, Malang-East Java, Indonesia 65144
Phone (+62) 341 558881, Facsimile (+62) 341 558881
e-mail: mecjournal@uin-malang.ac.id

P-ISSN 2599-3402
E-ISSN 2598-9537

Lisensi Creative Commons

MEC-J is licensed under CC-BY-SA
© All rights reserved 2017.

 

MEC-J INDEXED IN: