PENGARUH INTELLECTUAL CAPITAL TERHADAP KINERJA PERUSAHAAN OTOMOTIF DI BURSA EFEK INDONESIA

Mochammad  Hilal Wijaya; Lailatul  Amanah

Mochammad Hilal Wijaya
Lailatul Amanah

Keywords: Intellectual capital, price to book value, value added capital employed, value added humancapital, structural capital value added

Abstract

This research is meant to find out the influence of intellectual capital which is proxy by Pulic model (VAIC™) to
the performance of the company which is proxy by price to book value (PBV) in the company which has intensive
assets of intellectual capital which is automotive company. The population is all automotive companies which are
listed in Indonesia Stock Exchange (IDX). In this research, the sample collection technique has been carried out
by using purposive sampling and based on the determined criteria, 8 automotive companies sample which have
published their financial statement consecutively in 2010-2014 periods have been selected as samples. This
research has been done by using multiple linear regressions analysis and the application of SPSS version 20. The
result of this research shows that (1) value added capital employed (VACA) has significant influence to the price
to book value (PBV); (2) Value added human capital (VAHU) does not have any influence to the price to book
value (PBV); (3) Structural capital value added (STVA) does not have any influence to the price to book value
(PBV).
Keywords: Intellectual capital, price to book value, value added capital employed, value added human
capital, structural capital value added.