PENGARUH INTELLECTUAL CAPITAL TERHADAP NILAI PERUSAHAAN (Studi Empiris pada Perusahaan Sektor Manufaktur yang Terdaftar di Bursa Efek Indonesia Tahun 2012)
Palaguna, Andi Tandri
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The objective of this research is to investigate the influence of intellectual capital and its component on firm's value. The independent variable applied in this study was the intellectual capital which was measured by using Pulic's Value Added Intellectual Coefficient (VAICTM) as the efficiency measure of three intellectual capital component; physical capital coefficient (VACA), human capital coefficient (VAHU), and structural capital coefficient (STVA, while the dependent variable in this study was the firm value is measured by using price-to-book value (PBV). Using Financial Statement of the manufacture companies data drawn from the Indonesia Stock Exchange (IDX) in 2012. Data were collected by using purposive sampling method. Based on the mentioned criteria, 93 companies were selected as the samples of this study. The findings show that (1) Intellectual Capital (VAICTM) influences positively to firm's value. (2) VACA influences positively to firm's value. (3) VAHU does not influences positively to firm's value. (4) STVA influences positively to firm's value.
- Economics - Bachelor