PENGARUH MODAL INTELEKTUAL DAN INDEKS PENGUNGKAPAN MODAL INTELEKTUAL TERHADAP NILAI PERUSAHAAN

Abstract

This research has been conducted on manufacturing companies which are listed in Indonesia Stock Exchange
(IDX) in 2011-2015 periods. The purpose of this research is to find out the influence of intellectual capital and
index of intellectual capital disclosure to the value of manufacturing companies which are listed in Indonesia Stock
Exchange (IDX). The data is the secondary data in the form of annual report in each manufacturing company
which is listed in Indonesia Stock Exchange (IDX) in 2011-2015 periods. The sample has been collected by using
purposive sampling method and has been met the criteria of sample selection. The samples are 60 companies. The
intellectual capital has been measured by using Value Added Intellectual Capital (VAICTM) method. The index
of intellectual capital disclosure in this research has been measured by using 58 items disclosure index, and the
firm value has been measured by using Tobin’s Q ratio. The data analysis technique has been carried out by using
multiple linear regressions analysis and the statistic hypothesis of F and t test. The result of this research states
that intellectual capital gives positive influence to the firm value and index of intellectual capital disclosure gives
positive influence to the firm value.
Keywords: intellectual capital, index of intellectual capital disclosure, firm value