PENGARUH INTELLECTUAL CAPITAL TERHADAP NILAI PERUSAHAAN DENGAN KINERJA KEUANGAN PERUSAHAAN SEBAGAI VARIABEL INTERVENING PADA PERUSAHAAN SEKTOR MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2009-2013
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Date
2016-05
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Tesis Program Magister Akuntansi Universitas Widyatama Bandung
Abstract
The purpose of this study was to determine the effect of intellectual capital (VAIC) to firm value (PBV) through a mediator financial performance (ROA, ROE, EPS). This type of research used in this research is explanatory research where the data obtained from the company's financial statements are audited listed on the Indonesia Stock Exchange 2009-2013 period. The sample was selected by purposive sampling technique to obtain a total of 61 companies or 305 data. Data analysis method used was SPSS macros script Multiple Mediation Preacher and Hayes to approach Product of Coefficient. The results showed that the intellectual capital (VAIC) effect on ROA amounted to 1.5520 and has tcount > ttable (15.9421 > 1.96). Intellectual Capital (VAIC) effect on ROE of 1.4229 and has tcount > ttable (16.1251 > 1.96). Intellectual Capital (VAIC) effect on EPS of 2.5168 and has tcount > ttable (11.5696c> 1.96). Intellectual Capital (VAIC) directly affect the company's value (PBV) of 1.2604 and having tcount > ttable (11.6918 < 1.96). Intellectual Capital (VAIC) effect on firm value (PBV) through ROA amounted to 0.3232 and has tcount > ttable (2.3925 > 1.96). Intellectual Capital (VAIC) effect on firm value (PBV) through ROE of 0.8136 and has tcount > ttable (5.5128 > 1.96). Intellectual Capital (VAIC) has no effect on firm value (PBV) via EPS of -0.0763 and have tcount < ttable (-1.0893 < 1.96). Intellectual Capital (VAIC) effect on firm value (PBV) through financial performance (ROA, ROE, EPS) amounted to 1.0605 and has tcount > ttable (9.9617 > 1.96).
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Intellectual capital, the company's performance,, ROA, ROE, EPS, the company's value.