scholarly journals Relationship between value added capital employed, value added human capital, structural capital value added and financial performance

2018 ◽  
Vol 15 (2) ◽  
pp. 222-231
Author(s):  
Helin Garlinia Yudawisastra ◽  
Daniel T. H. Manurung ◽  
Fitria Husnatarina
Keyword(s):  
Human Capital ◽  
Financial Performance ◽  
Value Added ◽  
Purposive Sampling ◽  
Knowledge Based ◽  
Structural Capital ◽  
Asset Value ◽  
Relationship Of ◽  
The Relationship ◽  
Capital Value

Companies that can survive are companies that need to quickly change its strategy from a business based on labor towards knowledge-based business, so that the main characteristics of the company are changed towards a science-based company. This study examines the relationship of value added capital employed, value-added human capital, structural capital value added and financial performance. The method of this research is purposive sampling with a total of 34 samples analyzed by using Eviews version 9. The result stated that value added capital employed has no effect on return on asset, value added human capital has an effect on return on asset, structural capital value added has an effect on return on asset.

scholarly journals Pengaruh Intellectual Capital, Rate of Growth of Intellectual Capital dan Pengungkapannya terhadap Kinerja Keuangan Perusahaan

2019 ◽  
Vol 2 (4) ◽  
pp. 486-504
Author(s):  
Chatarina Setyani Aswojo Putri ◽  
Nurfauziah Nurfauziah
Keyword(s):  
Human Capital ◽  
Intellectual Capital ◽  
Value Added ◽  
Physical Capital ◽  
Purposive Sampling ◽  
Rate Of Growth ◽  
Structural Capital ◽  
Capital Value

Penelitian ini bertujuan untuk menguji pengaruh intellectual capital, rate of growth of intellectual capital (ROGIC) dan pengungkapannya terhadap kinerja keuangan perusahaan yang diproksikan dengan return on asset (ROA). Metode yang digunakan untuk mengukur intellectual capital yaitu value added intellectual coefficient (VAIC™). Penelitian ini juga menguji pengaruh dari ketiga komponen intellectual capital (VAIC) yaitu physical capital (value added capital employed – VACA), human capital (value added human capital – VAHU) dan structural capital (value added structural capital – STVA) terhadap kinerja keuangan perusahaan. Penentuan sampel dilakukan menggunakan metode purposive sampling dan diperoleh sampel sebanyak 250 perusahaan jasa yang terdaftar di Bursa Efek Indonesia periode 2013-2017. Teknik analisis data dalam penelitian ini menggunakan analisis regresi berganda dan uji t. Hasil penelitian menunjukkan bahwa intellectual capital (VAIC), VACA dan VAHU berpengaruh positif dan signifikan terhadap kinerja keuangan perusahaan. Sedangkan STVA berpengaruh negatif dan signifikan terhadap kinerja keuangan perusahaan. Serta ROGIC dan ICD tidak berpengaruh terhadap kinerja keuangan perusahaan. Kata Kunci : Intellectual Capital (VAIC), Return on Asset (ROA).

scholarly journals INTELLECTUAL CAPITAL DAN ABNORMAL RETURN SAHAM

e-NARODROID ◽  
2018 ◽  
Vol 4 (2) ◽  
pp. 54-59
Author(s):  
Aulia Kartika Putri ◽  
Erina Sudaryati
Keyword(s):  
Human Capital ◽  
Intellectual Capital ◽  
Abnormal Return ◽  
Value Added ◽  
Purposive Sampling ◽  
Structural Capital ◽  
Average Abnormal Return ◽  
Capital Value ◽  
Capital Return

ABSTRAK : Penelitian ini bertujuan untuk mengetahui pengaruh Intellectual Capital (IC) yang diukur menggunakan Value Added Intellectual Capital (VAIC™) yang mempunyai tiga komponen yaitu Value Capital (VACA-value added capital employed), human capital (VAHU-value added human capital), dan structural capital (STVA-structural capital value added) terhadap reaksi pasar saham yang diproksikan dengan melihat Average Abnormal Return saham pada perusahaan LQ-45. Metode yang digunakan pada penelitian yaitu analisis regresi linier berganda dengan alat anlisis SPSS 17. Teknik pengambilan sampel dengan menggunakan purposive sampling, dan berdasrkan kriteria yang telah ditentukan maka jumlah sampel sebanyak 17 sampel perusahaan LQ-45 selama tahun 2013-2015. Variabel dependen pada penelitian yaitu average abnormal return saham. Variabel independent pada penelitian yaitu tiga komponen VAIC. Hasil penelitian menunjukkan jika VACA berpengaruh terhadap average abnormal return saham dan variabel VAHU dan STVA tidak memiliki pengaruh terhadap average abnormal return saham. Kata Kunci : intellectual capital, return saham ,value added capital employed, value added human capital, structural capital value added

scholarly journals “PENGARUH INTELLECTUAL CAPITAL TERHADAP KINERJA KEUANGAN PERUSAHAAN YANG TERGABUNG DALAM JAKARTA ISLAMIC INDEX”

2020 ◽  
Vol 3 (3) ◽  
pp. 29
Author(s):  
Yulianto Yulianto ◽  
Lindawati Lindawati
Keyword(s):  
Human Capital ◽  
Financial Performance ◽  
Stock Exchange ◽  
Value Added ◽  
Physical Capital ◽  
Fixed Effect Model ◽  
Times Series ◽  
Structural Capital ◽  
Effect Model ◽  
Capital Value

Riset kami bertujuan dalam rangka mengetahui hubungan diantara modal manusia (human capital value added), modal fisik (capital employed value added), modal struktural (structural value added) terhadap kinerja keuangan (ROE) di entitas industri yang terindeks dalam kelompok Jakarta Islamic index pada Indonesia stock exchange untuk masa amatan periode 2016-2018. Riset ini bersifat riset kuantitatif yang mengkombinasikan diantara data times series dan data cross section dalam bentuk data panel. Berdasarkan pada perhitungan pemilihan model regresi, model yang terpilih adalah model tetap (fixed effect model). Hasil regresi secara bersama-sama diketahui bahwa VAHU, VACA, STVA berpengaruh secara signifikan mempengaruhi financial performance. Berdasarkan hasil analisis secara individu diperoleh bahwa modal manusia (VAHC) tidak mempengaruhi financial performance, modal fisik (VACA) memiliki pengaruh positif signifikan mempengaruhi financial performance dan modal struktural (STVA) memiliki bepengaruh positif signifikan terhadap financial performance. Variasi hubungan dari ketiga variabel bebas dapat dijelaskan pada nilai adjusted R-squared yang bernilai 0,97 atau 97% hubungan financial performance ditentukan oleh VAHC, VACA, STVA sementara selisihnya sebesar 3% ditentukan akibat ada variable lainnya di luar pemodelan riset ini. Kata kunci : Human Capital (VAHC), Physical Capital (VACA), Structural Capital (STVA), Financial Performance

scholarly journals PENGARUH MODAL INTELEKTUAL TERHADAP EARNING PER SHARE PADA INDUSTRI DASAR DAN KIMIA PERIODE 2012-2016

BISMA ◽  
2018 ◽  
Vol 12 (3) ◽  
pp. 313
Author(s):  
R. Achmad Drajat Aji ◽  
Ajeng Andriani Hapsari
Keyword(s):  
Human Capital ◽  
Intellectual Capital ◽  
Sampling Method ◽  
Stock Exchange ◽  
Value Added ◽  
Added Value ◽  
Optimal Management ◽  
Purposive Sampling ◽  
Structural Capital ◽  
Capital Value

Abstract: This research aims to examine the effect of intellectual capital onEarning Per Share (EPS) especially on the company operating in the basic andchemical industries. This study used purposive sampling method to collectsecondary data sourced from Indonesia Stock Exchange (IDX) in the period of2012-2016. The population was all companies operating in basic and chemicalindustries that listed in IDX for the period of 2012-2016, with the sample consistedof 58 companies. Data were analyzed by multiple linear regression. The resultsshowed that Value Added Capital Employed (VACA) had a significant effect onEPS, meaning that the proper use of the capital would increase company valuethat would finally increase its EPS. Value Added Human Capital (VAHU) also hada significant effect on EPS, meaning that the company’s good human resourcesmanagement would create added value to increase profit that would ultimatelyincrease EPS. However, Structural Capital Value Added (STVA) had no significanteffect on EPS, meaning that the company had not achieved competitive advantagedue to less optimal management of structural capital and EPS.Keywords: Intellectual Capital, VAHU, STVA, VACA, and EPS.Abstrak: Penelitian ini bertujuan untuk menguji pengaruh dari modal intelektualterhadap Earning Per Share (EPS). khususnya pada perusahaan yang bergerakdalam industri dasar dan kimia. Data sekunder bersumber dari Bursa EfekIndonesia (BEI) yang diambil berdasarkan teknik purposive sampling. Sampelpenelitian terdiri dari 58 perusahaan yang bergerak dalam industri dasar dan kimiayang terdaftar di BEI periode 2012-2016. Metode analisis data yang digunakanadalah regresi linear berganda. Hasil penelitian menunjukkan adanya pengaruhsignifikan Value Added Capital Employed (VACA) terhadap EPS yang berartibahwa penggunaan modal secara tepat akan menaikan nilai perusahaan untukmeningkatkan nilai keuntungan per lembar sahamnya. Value Added HumanCapital (VAHU) mempengaruhi EPS, yang mengindikasikan bahwa pengelolaansumber daya perusahaan yang baik berdampak pada terciptanya nilai tambah bagiperusahaan untuk meningkatkan laba yang nantinya mampu menambah jumlahEPS. Namun, variabel Structural Capital Value Added (STVA) tidak berpengaruhterhadap EPS yang mengindikasikan bahwa keunggulan bersaing perusahaanbelum dapat tercapai karena pengelolaan structural capital dan EPS yang belumoptimal.Kata Kunci: Modal Intelektual, VAHU, STVA, VACA, dan EPS.

scholarly journals INTELLECTUAL CAPITAL PENGARUHNYA TERHADAP RETURN ON ASSETS (ROA) PADA PERUSAHAAN SUB SEKTOR OTOMOTIF DAN KOMPONEN DI BURSA EFEK INDONESIA

2021 ◽  
Vol 3 (2) ◽  
pp. 60-68
Author(s):  
Cening Ayuni Ratnadi ◽  
Gusti Ayu Mahanavami ◽  
Ida Bagus Ngurah Wimpascima
Keyword(s):  
Human Capital ◽  
Intellectual Capital ◽  
Value Added ◽  
Return On Assets ◽  
Purposive Sampling ◽  
Structural Capital ◽  
Capital Value

Perbaikan dan perubahan di bidang bisnis menjadikan perusahaan percaya bahwa modal intelektual menjadi komponen dan aset penting dalam mengukur dan mengevaluasi kinerja di antara sektor bisnis. Penelitian ini bertujuan untuk menguji pengaruh komponen Intellectual Capital yaitu Value Added Capital Employed  (VACA), Value Added Human Capital (VAHU) dan Structural Capital Value added (STVA) terhadap Return On Assets (ROA) pada perusahaan sub sektor otomotif dan komponen di Bursa Efek Indonesia. Teknik pengambilan sampel menggunakan purposive sampling dengan jumlah sampel sebanyak 5 perusahaan sub sektor otomotif dan komponen. Data yang digunakan adalah laporan keuangan periode tahun 2015 – 2019 yang dipublikasikan di website resmi perusahaan. Hasil penelitian menunjukkan bahwa Value Added Capital Employed (VACA) berpengaruh positif siginifikan terhadap Return On Assets (ROA) Pada Perusahaan Sub Sektor Otomotif Dan Komponen, Value Added Human Capital (VAHU) mempunyai pengaruh negatif dan tidak signifikan terhadap Return On Assets (ROA) Pada Perusahaan Sub Sektor Otomotif Dan Komponen dan Structural Capital Value Added (STVA) berpengaruh positif namun tidak signifikan terhadap Return On Assets (ROA) Pada Perusahaan Sub Sektor Otomotif Dan Komponen.

scholarly journals The Influence of R&D Intensity on Financial Performance: The Mediating Role of Human Capital in the Semiconductor Industry in Taiwan

2020 ◽  
Vol 12 (12) ◽  
pp. 5128
Author(s):  
Tsung-Chun Chen ◽  
Yenchun Jim Wu
Keyword(s):  
Human Capital ◽  
Financial Performance ◽  
Capital Investment ◽  
Performance Metrics ◽  
Intangible Assets ◽  
Semiconductor Industry ◽  
Value Added ◽  
Positive Influence ◽  
High Tech ◽  
The Relationship

Knowledge transfer is a strategy used by high-tech companies to acquire new knowledge and skills. Knowledge can be internally generated or externally sourced. The access to external knowledge is a quick fix, but the risks associated with reliance on external sources are often overlooked. However, not acquiring such knowledge is even riskier. There have been a slew of litigations in the semiconductor industry in recent years. The acquisition and assurance of intangible assets is an important issue. This paper posits that internal R&D should take into consideration the knowledge intensity and capital investment in the industry. This study focuses on the relationship between intangible assets and financial performance. It sourced the 2004 to 2016 financial data of semiconductor companies in Taiwan for panel data modeling and examined case studies for empirical validation. This study found that the higher the R&D intensity (RDI) in the value-added component of human capital, the better the financial performance of the company. RDI has a positive influence on the accumulation of human capital and financial performance metrics, and such influence is deferred. Meanwhile, human capital is a mediating factor in the relationship between RDI and financial performance. RDI is integral to the semiconductor industry’s pursuit of business sustainability.

scholarly journals Pengaruh Intellectual Capital Terhadap Kinerja Keuangan Perusahaan (Studi Empiris pada Perusahaan yang Terdaftar di BEI serta Mendapatkan Penghargaan Best of The Best Companies Versi Majalah Forbes di Indonesia atas Laporan Keuangan 2015-2016)

2018 ◽  
Vol 6 (1) ◽  
pp. 1117
Author(s):  
Karina Saraswati ◽  
Erinos NR
Keyword(s):  
Human Capital ◽  
Intellectual Capital ◽  
Stock Exchange ◽  
Value Added ◽  
Sampling Technique ◽  
Significant Positive Effect ◽  
Capital Asset ◽  
Structural Capital ◽  
Positive Effect ◽  
Capital Value

The aims of this study to determine how much the influence about intellectual capital (VACA, VAHU, STVA) on financial performance (ROA). The population in this study were go public companies that listed in the Stock Exchange and get the Best Of The Best Companies award by Forbes magazine in Indonesia for the 2015-2016 financial statements. The sampling technique in this study was conducted by purposive sampling technique. Based on the determined criteria obtained 36 samples from 79 existing populations. This study used multiple regression analysis to see the effect of several independent variables to the dependent variable. The results of the study conclude that the Value Added Capital Asset has no effect on ROA, Value Added Human Capital has a significant positive effect on ROA, and the last is Structural Capital Value Added has a significant positive effect on ROA.Keywords: Value Added Capital Asset, Value Added Human Capital, Structural Capital Value Added, ROA

scholarly journals The Relationship Between Intellectual Capital and Financial Performance of Banks in Tanzania

2016 ◽  
Vol 7 (1) ◽  
pp. 28
Author(s):  
Janeth N. Isanzu
Keyword(s):  
Human Capital ◽  
Financial Performance ◽  
Intellectual Capital ◽  
Performance Indicators ◽  
Data Set ◽  
Capital Efficiency ◽  
Period Data ◽  
Relationship Of ◽  
The Relationship ◽  
Efficiency Indicators

This study examines intellectual capital (IC) performance of banks operating in Tanzania,and investigates the relationship of IC on financial performance. It identifies the IC componentsthat may be the drivers of the traditional indicators of bank success. The study uses the ValueAdded of Intellectual Coefficient VAIC™ methodology, to measure the Intellectual Capitalefficiency of the Banks using a four years period data set from 2010 to 2013. The results of asurvey, show that intellectual capital performance of Tanzania is low and it is positively associatedwith bank financial performance indicators. However, when VAIC is split into its components, therelationships between these components and bank financial performance indicators vary. Threevalue efficiency indicators, Human Capital Efficiency (HCE), Capital Employed Efficiency (CEE) andStructural Capital Efficiency (SCE) which are the components of VAIC™ ratio, were used in theanalysis.

scholarly journals PENGARUH KINERJA KEUANGAN TERHADAP NILAI PERUSAHAAN DENGAN PENGUNGKAPAN CSR DAN GCG SEBAGAI VARIABEL PEMODERASI

2010 ◽  
Vol 10 (2) ◽  
pp. 41
Author(s):  
Hidayatullah ,
Keyword(s):  
Corporate Governance ◽  
Financial Performance ◽  
Stock Exchange ◽  
Value Added ◽  
Corporate Financial Performance ◽  
Corporate Value ◽  
Moderating Variables ◽  
Good Corporate Governance ◽  
Relationship Of ◽  
The Relationship

<p class="Style1">This Thesis investigated the influence of financial performance toward corporate value by exposing Corporate Sosial Responsibility (CSR) and Good Corporate Governance (GCG) as Moderating Variables. Corporate Financial performance as independent variable is represented by the Financial Value Added (FVA) and Corporate Value as Dependent Variable is represented by Tobin `s Q value. CSR value is indexed based on the 78 items of exposure themes and GCG value is indexed using the 18 items of exposure themes which the researcher called Corporate Governance Perception Index. After selecting 149 companies listed in Indonesia Stock Exchange, the researcher found 39 manufacture companies<sup>.</sup>  qualified as the research objects based on the defined criteria, with observation timeframe from the year of2005 to 2008. The result of the research concludes that: Financial Performance (FVA) significantly influences the corporate value (Tobins 'Q); Corporate Sosial Responsibility also influences the relationship of corporate financial performance and the corporate value; and Good Corporate Governance influences the relationship of corporate financial performance and the corporate value as well.</p><p class="Style1">Keywords: Financial value Added, Tobin 's Q, CSR, GCG</p>

scholarly journals The Value-Added Analysis of Intellectual Capital for Banking Financial Performance

2019 ◽  
Vol 3 (1) ◽  
pp. 17
Author(s):  
Tupi Setyowati ◽  
Jamilah Jamilah
Keyword(s):  
Human Capital ◽  
Financial Performance ◽  
Intellectual Capital ◽  
Stock Exchange ◽  
Value Added ◽  
Company Performance ◽  
Significant Positive Effect ◽  
Structural Capital ◽  
Positive Effect ◽  
Size Variable

This study was conducted to see how intellectual capital (IC) affects company performance (ROA)by entering the size variable in its calculations. This study also analyzes how much financial performancechanges occur as an effect of the efficiency of the use of capital employees (CEE), the efficiencyof using Structural Capital (SCE), and the partial efficiency of using Human Capital (HCE).Research was conducted on conventional banking in Indonesia for the period 2013 - 2017. Theresearch data was obtained from the official website of the Indonesia Stock Exchange (IDX). Thisstudy found that VAIC had a significant positive effect on ROA, and from the three IC components itturned out that the CEE component had the greatest influence on ROA

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