Peran intellectual capital terhadap market to book value dan return on assets dengan research and development sebagai pemoderasi | Zendy

Pandu Alvi Baskoro | Zendy; Suratno Suratno | Zendy; Syahril Djaddang | Zendy

Open Access

Peran intellectual capital terhadap market to book value dan return on assets dengan research and development sebagai pemoderasi

Author(s) -

Pandu Alvi Baskoro,

Suratno Suratno,

Syahril Djaddang

Publication year - 2020

Publication title -

journal of business and banking

Language(s) - English

Resource type - Journals

ISSN - 2303-3460

DOI - 10.14414/jbb.v9i2.2049

Subject(s) - intellectual capital , structural capital , business , return on assets , book value , moderation , market value , accounting , stock exchange , finance , human capital , economics , financial capital , individual capital , earnings , mathematics , statistics , economic growth

This study aims to support the role of Research and Development on Intellectual Capital on market value (MtBV) and corporate financial performance (ROA). Using the Pulic model - Intellectual Value Coefficient (VAIC), this study examines the relationship between value added (VAIC) of the three main corporate resources (ie Physical Capital, Human Capital and Structural Capital), the companyu0027s market value (MtBV) and corporate finance ( ROA), and also Research and Development (Ru0026D). The data is gathered from 43 selected banking companies listed on the Indonesia Stock Exchange in 2013-2017. Data analysis uses multiple regression.The results show that Intellectual Capital (VAIC) does not affect to market value (MtBV), but the compilation of Intellectual Capital (VAIC) developed by Research and Development (Ru0026D) as full moderation can support market value. Intellectual Capital (VAIC) affects financial performance (ROA), as well as Intellectual Capital (VAIC) supported by Research and Development (R u0026 D) as a quasi-moderation which also strengthening the financial performance (ROA). Keyword : Intellectual Capital (IC), Market to Book Value (MtBV), Financial Performance (ROA), Research and Development (Ru0026D) .

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