The impact of intellectual capital on company value
DOI:
https://doi.org/10.33096/jmb.v8i1.215Keywords:
Intellectual Capital, Company Value, Indonesia Stock ExchangeAbstract
This study aims to analyze the partial effect of Value Added Capital Employed (VACA), Value Added Human Capital (VAHU), Structural Capital Value Added (STVA) on Firm Value. is This research quantitative research. The research object is Property and Real Estate Companies listed on the Indonesia Stock Exchange (IDX) for 2015 to 2019 with a research sample of 18 companies that meet the criteria. Data The analysis using descriptive statistical techniques and Multiple Linear Regression aided by SPSS 25.0. The results showed that partially and simultaneously, VACA, VAHU, and STVA positively and significantly affect PBV
Downloads
References
Ahmed, A., Khurshid, M. K., Zulfiqar, M., & Yousaf, M. U. (2019). Impact of Intellectual Capital on Firm Value: The Moderating Role of Managerial Ownership. SMART Journal of Business Management Studies, 15(2), 28. https://doi.org/10.20944/preprints201901.0318.v1
Ahmad, H., Mappatompo, A., & Muslim, M. (2018). Capital Ownership Structure And Decision On Fi-financial Market Reaction And Corporate Value. International Journal of Innovative Science and Re-search Technology, 3(9), 395-406.
Anggraini, F. (2020). Pengaruh Intellectual Capital Terhadap Nilai Perusahaan Dengan Financial Distress Sebagai Variabel Intervening. Jurnal Informasi, Perpajakan, Akuntansi, Dan Keuangan Publik, 15(2), 169. https://doi.org/10.25105/jipak.v15i2.6263
Benny, K., & Syafruddin, M. (2008). Pengaruh Modal Intelektual Terhadap Kinerja Perusahaan Benny. Journal of Medical Genetics, 6(3), 347–348. https://doi.org/10.1136/jmg.6.3.347
Berzkalne, I., & Zelgalve, E. (2014). Intellectual Capital and Company Value. Procedia - Social and Behavioral Sciences, 110, 887–896. https://doi.org/10.1016/j.sbspro.2013.12.934
Chizari, M. hosein, Mehrjardi, R. Z., Sadrabadi, M. M., & Mehrjardi, F. K. (2016). The impact of Intellectual Capitals of Pharmaceutical Companies Listed in Tehran Stock Exchange on their Market Performance. Procedia Economics and Finance, 36(16), 291–300. https://doi.org/10.1016/s2212-5671(16)30040-5
Hariyati, Subroto, W. T., Wahyudi, S. N. I., & Riyanto, Y. (2017). Influences of Intellectual Property and Capital to the Performance of the Corporate Image Award Winning Companies in Indonesia. International Journal of Economics and Financial Issues, 7(4), 595–602.
Husni, I. S. (2020). Konsep Keadilan Ekonomi Islam Dalam Sistem Ekonomi: Sebuah Kajian Konsepsional. Islamic Economics Journal, 6(1), 57. https://doi.org/10.21111/iej.v6i1.4522
Kholis, N. K., Sumarmawati, E. D., & Mutmainah, H. M. (2018). Faktor-Faktor Yang Mempengaruhi Nilai Perusahaan. Jurnal Analisis Bisnis Ekonomi, 16(1), 19–25. https://doi.org/10.31603/bisnisekonomi.v16i1.2127
Lestari, D. A. D., & Satyawan, M. D. (2019). Pengaruh Intellectual Capital Terhadap Nilai Perusahaan Dengan Profitabilitas Sebagai Variabel Moderasi. Jurnal Akuntansi AKUNESA, 7(1), 1–22.
Mehralian, G., Rajabzadeh, A., Sadeh, M. R., & Rasekh, H. R. (2012). Intellectual capital and corporate performance in Iranian pharmaceutical industry. Journal of Intellectual Capital, 13(1), 138–158. https://doi.org/10.1108/14691931211196259
Nirmalasari, D. H., & Safitri, H. (2020). Analisis Pengaruh Intellectual Capital dan Profitabilitas Terhadap. Jurnal Produktivitas, 7, 47–54.
Oktari, I. G. A. P., Widiastuty, E., & Handajani, L. (2016). Determinan Modal Intelektual (Intellectual Capital) pada Perusahaan Publik di Indonesia dan Implikasinya terhadap Nilai Perusahaan. Simposium Nasional Akuntansi XIX, 1–29. http://eprints.unram.ac.id/15998/
Putri, V. R. (2019). Analisis Faktor Yang Mempengaruhi Transfer Pricing Pada Perusahaan Manufaktur Di Indonesia. Jurnal Manajemen Dayasaing, 21(1), 1–11. https://doi.org/10.23917/dayasaing.v21i1.8464
Rahmita Dwinesia Paputungan , Bambang Subroto, A. G. (2020). Research in Business & Social Science Does institutional ownership moderate the effect of intellectual capital and company value ? International Journal of Research in Business and Social Science, 9(1), 127–136.
Sayyidah, U., & Saifi, M. (2017). Pengaruh Intellectual Capital Terhadap Nilai Perusahaan Dengan Profitabilitas Sebagai Variabel Moderasi (Studi Pada Perusahaan Sub Sektor Property Dan Real Estate Di Bursa Efek Indonesia Periode 2013-2015). Jurnal Administrasi Bisnis S1 Universitas Brawijaya, 46(1), 163–171.
Septia, E. R. (2018). Pengaruh Intellectual Capital Terhadap Nilai Perusahaan (Studi empiris pada perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia pada tahun 2014- 2016). Journal of Materials Processing Technology, 1(1), 1–8.
Subagyo, H., & Waluyo, D. E. (2020). Intellectual Capital and Business Performance In Indonesian Manufacture Companies. International Journal of Economics and Management Systems, 05, 50–61.
Sunarsih, N. M., & Mendra, N. P. Y. (2017). Pengaruh Modal Intelektual Terhadap Nilai Perusahaan Dengan Kinerja Keuangan Sebagai Variabel Intervening Pada Perusahaan Yang Terdaftar Di Bursa Efek Indonesia. Journal of Chemical Information and Modeling, 53(9), 21–25. http://www.elsevier.com/locate/scp
Tangngisalu, J. (2020). Effect of Cash Flow and Corporate Social Responsibility Disclosure on Firm Value. ATESTASI: Jurnal Ilmiah Akuntansi, 3(2), 142-149.
Ulum, I. (2013). Model Pengukuran Kinerja Intellectual Capital Dengan Ib-Vaic Di Perbankan Syariah. Inferensi, 7(1), 185. https://doi.org/10.18326/infsl3.v7i1.185-206
Yulandari, L. F., & Gunawan, H. (2019). Pengaruh Intellectual Capital Terhadap Nilai Pasar Dan Kinerja Keuangan Perusahaan Yang Terdaftar Di Bursa Efek Indonesia. Journal of Applied Managerial Accounting, 3(1), 36–50. https://doi.org/10.30871/jama.v3i1.938
Yuniasih, N. W., Wirama, D. G., & Badera, I. D. N. (2018). Eksplorasi Kinerja Pasar Perusahaan: Kajian Berdasarkan Modal Intelektual (Studi Empiris pada Perusahaan Keuangan yang Terdaftar di Bursa Efek Indonesia) Ni. Journal of Materials Processing Technology, 1(1), 1–8.
Downloads
Published
Issue
Section
License
Copyright (c) 2021 Jurnal Manajemen Bisnis

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