PENGARUH MODAL INTELEKTUAL TERHADAP PROFITABILITAS DAN PRODUKTIVITAS PERUSAHAAN DALAM INDEX LQ45

Abstract

Intellectual capital is a concept in assessing financial performance that is quite developed in recent
years. However,there are some companies which have not reported of intangible assets in the form of intellectual
capital, particularly the human capital which has contribution in the making of competitive advantage in
winning the tight competition. The purpose of this research is to test the influence of intellectual capital to the
profitability and the productivity of the company. The population is all companies which are incorporated in the
LQ45 index in the 2010-2014 periods. The samples have been selected by using purposive sampling technique so
17 companies in the LQ45 which meets the criteria have been selected. The analysis technique has been done by
using the simple regressions analysis. The result of the test shows that the intellectual capital does not have any
influence to the profitability of the company. It occurs because of the magnitude of the intellectual capital which
is measured by using the burden of the employees does not becomethe assurance of the magnitude of the
performance of the employees, so the burden of the employees will increase, but the net profit does not show any
significant changes. Meanwhile, the intellectual capital has positive influence to the productivity. It means that
the enhancement of the intellectual capital gives benefit to the company and it becomes the potential element in
increasing the productivity of the company.
Keywords: Intellectual Capital, Profitability, Productivity