The influence of intellectual capital on company value with financial performance as an intervening variable in financing institutions in Indonesia | Zendy

Susi Nafiroh | Zendy; Joicenda Nahumury | Zendy

Open Access

The influence of intellectual capital on company value with financial performance as an intervening variable in financing institutions in Indonesia

Author(s) -

Susi Nafiroh,

Joicenda Nahumury

Publication year - 2017

Publication title -

the indonesian accounting review

Language(s) - English

Resource type - Journals

eISSN - 2302-822X

pISSN - 2086-3802

DOI - 10.14414/tiar.v6i2.604

Subject(s) - intellectual capital , stock exchange , value (mathematics) , return on capital , return on assets , finance , business , structural capital , book value , economics , return on equity , variables , variable (mathematics) , asset (computer security) , financial capital , human capital , individual capital , capital formation , statistics , mathematics , economic growth , earnings , computer security , computer science , mathematical analysis

The objective of this study is to examine the influence of intellectual capital on compa-ny value with financial performance as an intervening variable in financing institu-tions listed on the Indonesian Stock Exchange (IDX) 2010 - 2014. This research uses Value Added Intellectual Coefficient (VAICTM) model that consists of three compo-nents: Value Added Capital Employed (VACA), Value Added Human Capital (VA-HU), and Value Added Structural Capital (STVA). Company value is measured using Tobin’s Q, financial performance is measured using Return on Asset (ROA), Return on Equity (ROE), and Earning per Share (EPS). The data consisted of 67 samples. Sampling is conducted using census method. Data analysis technique used in this study is Partial Least Square (PLS). The results show that: (1) intellectual capital has an influence on company value (2) financial performance mediates the relationship between intellectual capital and company value. The important thing in this study is that intellectual capital can be used for adding the firm value.

The content you want is available to Zendy users.

Already have an account? Click here to sign in.

Having issues? You can contact us here

Accelerating Research