Pengaruh Intellectual Capital Terhadap Produktivitas, Profitabilitas, Nilai Pasar Pada Perusahaan Manufaktur Di Bursa Efek Indonesia
DOI:
https://doi.org/10.26740/jaj.v2n1.p20-42Keywords:
Value Added Intellectual Capital (VAICTM), productivity, profitability, value of marketAbstract
Abstract
The research to testing and analysis the influence of intellectual capital to productivity, profitability, market value, to testing and analysis the influence of intellectual capital to market value with productivity as intervening variable, to testing and analysis the influence of intellectual capital to market value with profitability as intervening variable of manufacture company listed in Indonesia Stock Exchange. The sample of this study consists of 48 financial company listed in Indonesia Stock Exchange in period 2005-2007. The research data is analysis by using descriptive technique and tested by using using multiple regression analysis. Result of test of simple linier regression model proves that intellectual capital influence does not productivity, intellectual capital influence to profitability, intellectual capital influence to market value, intellectual capital influence to market value with productivity as intervening variable but direct influence productivity don't overweening influence to market value, intellectual capital influence to market value with profitability as intervening variable and direct influence profitability to market value statistically proven signifikan.
References
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Astuti, Partiwi Dwi dan Sabeni, Arifin, 2005. "Hubungan Intellectual Capital dan Business Performance dengan Diamond Specification : Sebuah Perspektif Abmtansi", SNA VIII, hal. 694-707.
Banker, Rajivd, S.M. Datar, R.S Kaplan, 1989. productivity Measurement and Management Accounting, Journal of Accounting, Auditing, and Finance, Vol.4, No.4. https://doi.org/10.1177/0148558x8900400407
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Bounfour, Ahmed and Edvinsson, Leif, 2005. Intellectual Capital for Communities, U.S.: Elsevier Butterworth-Heinemann. https://doi.org/10.1016/ b978-0-7506-7773-8.50003-0
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Firer, Steven and S. Mitchell Williams. 2003. "Intellectual Capital and Traditional Measures of Corporate Performance" Journal of Intellectual Capital, Vol. 4 No. 3. pp. 348-360. https://doi.org/10.1108/14691930310487806
Goh, Pek Chen, 2005. "Intellectual Capital Performance of Commercial Banks in Malaysia", Journal of Intellectual Capital, Vol. 6 No. 3,pp. 385-396. https://doi.org/10.1108/14691930510611120
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Mawida, 2005. Pengaruh Modal Intelektual da Modal Fisik terhadap Kinerja Perusahaan. Tesis Universitas Airlangga, Surabaya.
McConnachie. Gordon, 1997. "The Management of Intellectual Assets: Delis ermg Value to the Business". The Journal of Knowledge Management, Vol. 1 No. 1, September, pp. 56-62. https://doi.org/10.1108 /eum0000000004580
Pablos, Patricia Ordonez, 2003. "Evidence of Intellectual Capital Measurement from Asia. Europe and the Middle East". Journal of Intellectual Capital, Vol.3 No. 3, pp. 287-302. https://doi.org/10.1108/14691930210435624
Pena, Inaki, 2002. "Intellectual Capital and Business Start-Up Success". Journal of Intellectual Capital, Vol. 3 No. 2, pp. 180-198. https://doi.org/10.1108/ 14691930210424761
Pulic, A. and Bornemann, M., 1999. The Physical and Intellectual Capital of Austrian Bank. http://www.measuring-ip.at/pares/public/bank/en-bank.html.
Pulic, Ante, 2000. "VAICâ„¢ - An Accounting Tool for 1C Management", International Journal Technology Management, Vol. 20 No. 5/6/7/8, pp. 702-714. https://doi.org/10.1504/ijtm.2000.002891
Rodov. Irena and Philippe Leliaert, 2002. "FiMlAM: FinanciaiMethod of Intangible Assets Measurement". Journal of Intellectual Capital. Vol. 3 No. 3. pp. 323-336. https://doi.org/10.1108/14691930210435642
Santoso, Singgih, 2001. Pengolahan Data Dengan SPSS. Jakarta : PT Elex Media Komputindo, hal 127.
Sekaran, Uma, 2006. Research Methods of Business. Second edition. Canada: Jonh Wiley & Sons, Inc.
Somantri, Ating dan Sambas, Ali Muhidin, 2006. Aplikasi Statistika Dalam Penelitian. Bandung : Pustaka Setia, hal 19.
Andriessen, Daniel, 2004. Making Sense of Intellectual Capital: Designing a Method for the Valuation of Intangibles, U.S.: Elsevier, Inc.
Astuti, Partiwi Dwi dan Sabeni, Arifin, 2005. "Hubungan Intellectual Capital dan Business Performance dengan Diamond Specification : Sebuah Perspektif Abmtansi", SNA VIII, hal. 694-707.
Banker, Rajivd, S.M. Datar, R.S Kaplan, 1989. productivity Measurement and Management Accounting, Journal of Accounting, Auditing, and Finance, Vol.4, No.4. https://doi.org/10.1177/0148558x8900400407
Belkoui. Ahmed Riahi. 2003. "Intellectual Capital and Finn Performance of U.S. Multinational Finns. A Study of the Resoource-Based and Stakeholder Views". Journal of Intellectual Capital, Vol. 4 No. 2, pp. 215-26. https://doi.org/10.1108/14691930310472839
Berglund et al., 2002. "Intellectual Capital's Leverage on Market Value", inderscience.metapress.com/index/JLG2KDXGY4V550YC.pdf.
Bontis, Nick, William Chua Chong Keow. and Stanley Richardson, 2000. "Intellectual Capital and Business Performance in Malaysian Industries". Journal of Intellectual Capital. Vol. 1 No. l,pp. 85-100. https://doi.org/10.1108/14691930010324188
Bounfour, Ahmed and Edvinsson, Leif, 2005. Intellectual Capital for Communities, U.S.: Elsevier Butterworth-Heinemann. https://doi.org/10.1016/ b978-0-7506-7773-8.50003-0
Cooper, Donal R., and C. William Emory, 1995. Business Research Methods. 5th Edition. Chicago : Richard D. Irwin Inc, pp 242.
Chen, Ming-Chin et al., 2005. "An Empirical Investigation of The Relationship Between Intellectual Capital and Firms' Market Value and Financial Performance", Journal of Intellectual Capital, Vol. 6 No. 2, pp. 159-176. https://doi.org/10.1108/14691930510592771
Fraser, L.M. and A. Ormitson. 2004. Memahami Laporan Keuangan. Edisi Keenam. Terjemahan. Jakarta.
Firer, Steven and S. Mitchell Williams. 2003. "Intellectual Capital and Traditional Measures of Corporate Performance" Journal of Intellectual Capital, Vol. 4 No. 3. pp. 348-360. https://doi.org/10.1108/14691930310487806
Goh, Pek Chen, 2005. "Intellectual Capital Performance of Commercial Banks in Malaysia", Journal of Intellectual Capital, Vol. 6 No. 3,pp. 385-396. https://doi.org/10.1108/14691930510611120
Ghozali, 2009. Aplikasi Analisis Multivariate Dengan Program SPSS, Cetakan IV, Badan Penerbit Universitas Diponegoro.
Gujarati, Damodar N, 2003. Basic Econometrics. 3th ed. New York: McGraw-Hill Inc
Halawi et al., 2005. "Resource-Based View of Knowledge Management.for Competitive Advantage", The Electronic Journal of Kwwfedge Management, Vol. 3 Iss. 2, pp 75-86.
Hansen, D.R. and M. Mowen, 1995. Cost Management Accounting and Control. Ohio: Southwestern College Publishing, Cincinnati.
Hartono, Budi, 2002, "Mencari Format Pelaporan Intellectual Capital, Media Akuntansi, Edisi 23/Januari, hal. 49-65.
Jogiyanto. 2000. Teori Portofolio dan Analisis Investasi. Edisi Pertama. Yogyakarta: BPFE.
Hidayat, 2000. Peranan Sumber Daya Manusia yang Berbasiskan Modal Intelektual akan menjadi Asset Utama dalam Sistem Persaingan Bisnis Global. Orasi Ilmiah, Bandung, tanggal 28 Oktober.
IFAC, 1998. Measurement and Management of Intellectual Capital: an Introdution. New York: International Federation of Accountans.
Indriantoro dan Supomo, Banbang, 2000.Metodologi Penelitian Bisnis Untuk Akuntansi dan Manajemen. Edisi pertama. Yogyakarta : BPFE, hal 12.
Jakson at al., 2003. "Managing Knowledge for Sustained Competitive Advantage", US: John Wiley & Sons, Inc.
Mcmenamin, Jim, 1999. Financial Management : Un Introduction. Hal 241-294.
Najibullah, Syeh, 2005, œAn Empirical Investigation of The Relationship Between Intellectual Capital and Firms Market Value and Financial Performance, Independent University, Bangladesh.
Joia, 2000. œMeasuring Intangible Corporate Assets Linking Business Strategy with Intellectual Capital, Journal of Intellectual Capital, Vol.1 No.1. https://doi.org/10.1108/14691930010371636
Kerlinger, Fred N, 1993. Foundation of Behavior Research. Third Edition (terjemahan oleh L.R Simatupang), Yogyakarta: Gajah Mada University, hal 532.
Machfoed, Masud., 1994. "Financial Ratio Analysis and The Prediction of Earnings Changes in Indonesia". Kelola, No.7/III/1994: pp. 114-134.
Mawida, 2005. Pengaruh Modal Intelektual da Modal Fisik terhadap Kinerja Perusahaan. Tesis Universitas Airlangga, Surabaya.
McConnachie. Gordon, 1997. "The Management of Intellectual Assets: Delis ermg Value to the Business". The Journal of Knowledge Management, Vol. 1 No. 1, September, pp. 56-62. https://doi.org/10.1108 /eum0000000004580
Pablos, Patricia Ordonez, 2003. "Evidence of Intellectual Capital Measurement from Asia. Europe and the Middle East". Journal of Intellectual Capital, Vol.3 No. 3, pp. 287-302. https://doi.org/10.1108/14691930210435624
Pena, Inaki, 2002. "Intellectual Capital and Business Start-Up Success". Journal of Intellectual Capital, Vol. 3 No. 2, pp. 180-198. https://doi.org/10.1108/ 14691930210424761
Pulic, A. and Bornemann, M., 1999. The Physical and Intellectual Capital of Austrian Bank. http://www.measuring-ip.at/pares/public/bank/en-bank.html.
Pulic, Ante, 2000. "VAICâ„¢ - An Accounting Tool for 1C Management", International Journal Technology Management, Vol. 20 No. 5/6/7/8, pp. 702-714. https://doi.org/10.1504/ijtm.2000.002891
Rodov. Irena and Philippe Leliaert, 2002. "FiMlAM: FinanciaiMethod of Intangible Assets Measurement". Journal of Intellectual Capital. Vol. 3 No. 3. pp. 323-336. https://doi.org/10.1108/14691930210435642
Santoso, Singgih, 2001. Pengolahan Data Dengan SPSS. Jakarta : PT Elex Media Komputindo, hal 127.
Sekaran, Uma, 2006. Research Methods of Business. Second edition. Canada: Jonh Wiley & Sons, Inc.
Somantri, Ating dan Sambas, Ali Muhidin, 2006. Aplikasi Statistika Dalam Penelitian. Bandung : Pustaka Setia, hal 19.
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Published
2010-10-07
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Wany, E. (2010). Pengaruh Intellectual Capital Terhadap Produktivitas, Profitabilitas, Nilai Pasar Pada Perusahaan Manufaktur Di Bursa Efek Indonesia. AKRUAL: Jurnal Akuntansi, 2(1), 20–42. https://doi.org/10.26740/jaj.v2n1.p20-42
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