Simorangkir, Sandy and Hasnawati, Sri (2015) Form Penilaian reviewer, Intelectual Capital, corporate value dan kinerja keuangan perbankan di BEI 2008-2012. MM- UNIKA ATMA JAYA JAKARTA, Jakarta -Indonesia.
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Abstract
Form Penilaian reviewer, The purpose of this study is to find out the impact of intellectual capital on the financial performance of the company and the value of hanking companies listed at the Indonesia Stock Exchange. The population of this study is 33 banks listed at the Indonesia Stock Exchange during the period between 2008 and 2012. Based on the sampling criteria, 23 banks were selected for this study. The model used in this study is the path models with Intellectual capital dimensions as the independent variable, and financial performance (ROA) as the intervening variable that mediates intellectual capital on the firm value. The study indicated that intellectual capital affected the financial performance by 78.5 %, while the collective intellectual capital and financial performance affected the firm value by 16.3 %. These results suggest that intellectual capital contributed more to the financial performance compared to the firm value. This happened because the Indonesian capital market's investors, are still oriented towards tangible asset valuation compared to the intangible assets as the intellectual capital/ knowledge assets. Intellectual capital with financial performance as an intervening variable is able to contribute to the increase in the firm's value. In other words, the market gives a higher value to companies that have higher financial performance that are able to manage the intellectual resources effectively and efficiently.
| Item Type: | Other |
|---|---|
| Subjects: | H Social Sciences > HG Finance |
| Divisions: | Fakultas Ekonomi dan Bisnis (FEB) > Prodi Manajemen |
| Depositing User: | Dr Sri Hasnawati |
| Date Deposited: | 22 Nov 2020 11:50 |
| Last Modified: | 22 Nov 2020 11:50 |
| URI: | http://repository.lppm.unila.ac.id/id/eprint/26584 |
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