PENGARUH MODAL INTELEKTUAL TERHADAP KINERJA KEUANGAN PADA PERUSAHAAN SEKTOR KEUANGAN YANG TERDAFTAR DI BURSA EFEK INDONESIA
ABSTRACT: This study
investigates the influences of firm’s intellectual capital and their major
components of a firm’s resource base (physical capital, human capital and structural
capital) to three traditional dimensions of financial company’s performance:
operating profit ma-gin, earning per share, and return on equity. This study uses
the Pulic’s framework. Data are drawn from 73 financial sectors companies
listed on Indonesia Stock Exchange for the period of 2005 to 2009. This study uses
simple linear regression for data analysis. The results show that intellectual
capital influences positively to operating profit margin and return on equity; value
added physical capital influences positively to operating profit margin,
earning per share, and return on equity; value added human capital influences
positively to operating profit margin and return on equity; value added
structural capital influences positively to operating profit margin, earning
per share, and return on equity; value added physical capital influences positively
to the future operating profit margin, earning per share, and return on equity;
value added human capital influences positively to the future operating profit
margin and return on equity; value added structural capital influences
positively to the future operating profit margin, earning per share, and return
on equity; intellectual capital influences positively to the future operating
profit margin and return on equity; and the rate of growth of a company’s
intellectual capital influences positively to the future earning per share. The
results help to encourage stakeholders to better harness and manage
intellectual capital.
Keywords: intellectual
capital, value added intellectual coefficient, financial performance, company
performance, financial sector
Penulis: Jeffy Wiradinata
Kode Jurnal: jpmanajemendd110178
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