Pengaruh Perputaran Persediaan, Perputaran Piutang Dan Modal Intelektual Terhadap Profitabilitas Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia (Bei) Periode 2014 – 2016 (Penelitian Empiris Pada Perusahaan Manufaktur Yang Terdaftar Di  Bursa Efek Indonesia Periode 2014 – 2016)

This study aims to find out how (1) the simultaneous influence inventory turnover, receivable turnover, and intellectual capital on the profitability of manufacturing companies in the period 2014-2016, (2) the partial influence of influence inventory turnover, receivable turnover, and intellectual capital variables on the profitability of manufacturing companies in the period 2014-2016. This research uses purposive sampling in taking data. The data collected will be analyzed using multiple linear analysis. The result of this research is (1) there is significant influence from inventory turnover variable to profitability, (2) there is no significant influence from receivable turnover variable to profitability, (3) there is positive significant influence from value added capital employedvariable to profitability, (4) there is positive significant influence from value added human capital variable to profitability, (5) there is positive significant influence from structural capital value added variable to profitability, (6) there is a significant effect of inventory turnover, receivable turnover,value added capital employed, value added human capital, and from structural capital value addedon profitability simultaneously.

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Intellectual Capital and the Performance of Manufacturing Companies in Indonesia

JMM UNRAM - MASTER OF MANAGEMENT JOURNAL ◽

10.29303/jmm.v7i3.312 ◽

2018 ◽

Vol 7 (3) ◽

pp. 13

Author(s):

Rahmat Setiawan ◽

Budi Yuda Prawira

Keyword(s):

Human Capital ◽

Firm Performance ◽

Intellectual Capital ◽

Value Added ◽

Manufacturing Industries ◽

Manufacturing Companies ◽

Asset Return ◽

Return On Equity ◽

Structural Capital ◽

Capital Value

This study aimed at examining the effect of intellectual capital and its components covering value added capital employed, value added human capital, and structural capital value added on the firm performance. Intellectual capital was measured by using Pulic’s model, while the firm performance was measured by return on asset, return on equity, and market-to- book ratio. The samples used in this study were 103 manufacturing industries and we also investigated every subsector of the manufacturing industries including 51 basic and chemical industries, 30 miscellaneous industries, and 22 consumer goods industry listed on Indonesia Stock Exchange during the period of 2012 up to 2016. Multiple regression analysis was used to test the hypothesis. The result of the study showed that intellectual capital had a significant positive effect on return on asset, return on equity, and market-to-book intellectual capital on the firm performance in each subsector of the manufacturing industry. Value added capital employed as a component of intellectual capital was the most influential component on the firm performance. This findings indicated that a firm with great and well managed of capital employed, allowing a firm to improve their performance. Penelitian ini bertujuan untuk menguji pengaruh intellectual capital dan komponennya yang meliputi value added capital employed, value added human capital, dan structural capital value added terhadap kinerja perusahaan. Intellectual capital diukur menggunakan model Pulic, sementara kinerja perusahaan diukur dengan return on asset, return on equity, dan market-to-book ratio. Sampel yang digunakan dalam penelitian ini adalah 103 perusahaan pada industri manufaktur, dan kami juga kami meneliti masing-masing subsektor dari industri manufaktur yang meilputi 51 perusahaan pada industri dasar dan bahan kimia, 30 perusahaan pada aneka indstri, dan 22 perusahaan pada industri barang konsumsi yang terdaftar di Bursa Efek Indonesia selama jangka waktu 2012-2016. Analisis regresi berganda digunakan untuk menguji hipotesis. Hasil penelitian menunjukkan bahwa intellectual capital berpengaruh positif signifikan terhadap return on asset, return on equity, dan market-to-book ratio di semua industri. Selain itu, hasil penelitian ini juga menunjukkan bahwa tidak ada perbedaan pengaruh intellectual capital terhadap kinerja perusahaan pada masing-masing subsektor industri manufaktur. Value added capital employed yang merupakan komponen dari intellectual capital merupakan komponen yang paling berpengaruh terhadap kinerja perusahaan. Temuan ini menunjukkan bahwa perusahaan dengan modal yang besar dan dikelola dengan baik, memungkinkan perusahaan untuk meningkatkan kinerjanya.Intellectual capital, value added capital employed, value added human capital, structural capital value added, return on asset, return on equity, market-to-book ratio.

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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)

Paediatrica Indonesiana ◽

10.24036/wra.v6i1.101936 ◽

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

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

INOBIS Jurnal Inovasi Bisnis dan Manajemen Indonesia ◽

10.31842/jurnal-inobis.v2i4.107 ◽

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).

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Intellectual Capital Terhadap Nilai Pasar Dan Kinerja Keuangan Perusahaan Dengan Value Added Intellectual Capital (Studi Pada Perusahaan Manufaktur di Bursa Efek Indonesia Tahun 2008-2011)

JURNAL INFORMASI, PERPAJAKAN, AKUNTANSI, DAN KEUANGAN PUBLIK ◽

10.25105/jipak.v7i2.4499 ◽

2019 ◽

Vol 7 (2) ◽

pp. 43

Author(s):

Sofie Sofie ◽

Ari Prihartini ◽

Rinda Liana

Keyword(s):

Human Capital ◽

Intellectual Capital ◽

Firm Value ◽

Statistical Tests ◽

Value Added ◽

Market Value ◽

Manufacturing Companies ◽

Structural Capital ◽

Capital Efficiency ◽

And Performance

This study aims to ident6 and analyze the effect of intellectual capital as one of the company's intangible assets to market value and financial performance.of the company-manufacturing companies using the Value Added Intellectual Capital (VAIC m). The analysis method used is multiple panels because the structure of the data used in this research is the data panel. The results of the hypothesis theory shows that the intellectual capital has significant effect on the market value and performance of the company. The three components of intellectual capital, as the physical capital efficiency, human capital and structural capital efficiency, have a positive effect on firm value and performance of companies that dproksi by ROA, ATO, ROE and OI / S. So do the results of statistical tests, except for the efficiency of the human capital and structural capital efficiency ROE against Of / S. The results show that intellectual capital is a factor that is very important and significant effect on the quality of the company which in turn directly affects firm value andfinancial performance of the company.

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PENGARUH INTELLECTUAL CAPITAL TERHADAP KINERJA KEUANGAN PADA BANK GO PUBLIC YANG TERDAFTAR DI BURSA EFEK INDONESIA (BEI) TAHUN 2009-2012

JRMSI - Jurnal Riset Manajemen Sains Indonesia ◽

10.21009/jrmsi.005.02.1 ◽

2014 ◽

Vol 5 (2) ◽

pp. 186-203

Author(s):

Hamidah Hamidah ◽

Dian Puspita Sari ◽

Umi Mardiyati

Keyword(s):

Human Capital ◽

Intellectual Capital ◽

Stock Exchange ◽

Panel Data Analysis ◽

Random Effect ◽

Value Added ◽

Correlation Study ◽

Return On Assets ◽

Structural Capital ◽

Capital Value

The purpose of this study is to know the effect of intellectual capital on financial performance on bank go public listed on the Indonesia Stock Exchange in 2009-2012. The sampel are several bank go public. The research method in this study uses correlation study. The research model in this study employs panel data analysis with random effect approach on model 1a and fixed effect approach on model 1b. The empirical results show that intellectual capital that proxy with Value Added Capital Employed (VACA), Value Added Human Capital (VAHU) have positive significant effect on Earning per Share (EPS) but Structural Capital Value Added (STVA) has negative and no significant effect on Earning per Share (EPS). While, Value Added Capital Employed (VACA), Value Added Human Capital (VAHU) and Structural Capital Value Added (STVA) have positive significant effect on Return On Assets (ROA). Keywords: Intellectual Capital, Value Added Capital Employed (VACA), Value Added Human Capital (VAHU), Structural Capital Value Added (STVA), Earning per Share (EPS), Return On Assets (ROA)

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INTELLECTUAL CAPITAL DAN ABNORMAL RETURN SAHAM

e-NARODROID ◽

10.31090/narodroid.v4i2.737 ◽

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

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Modal Intelektual (Intellectual Capital) dan Nilai Perusahaan Pada Industri Manufaktur

Owner ◽

10.33395/owner.v5i2.471 ◽

2021 ◽

Vol 5 (2) ◽

pp. 295-306

Author(s):

Gita Puspita ◽

Tri Wahyudi

Keyword(s):

Human Capital ◽

Intellectual Capital ◽

Quantitative Research ◽

Stock Exchange ◽

Value Added ◽

Tobin’S Q ◽

Manufacturing Companies ◽

Tobin's Q ◽

Company Value ◽

Structural Capital

Information about company value and intellectual capital is important information to be known by investors. This research aimed to find out the influence of intellectual capital against the value of the company's of manufacturing companies listed on the Indonesia stock exchange year 2014 – 2017. This type of research is quantitative research. This population includes all manufacturing companies listed on the Indonesia stock exchange and obtained samples of as many as 17 companies. Based on the results of research, partially Value Added Capital Employed (VACA) and Value Added Intellectual Coefficient (VAIC) have an effect on company value (Tobin's Q). Value Added Human Capital (VAHU) and Value Added Structural Capital (STVA) have no effect on company value (Tobin's Q). Based on the suitability test of Value Added Capital Employed (VACA) models, Value Added Human Capital (VAHU), Value Added Structural Capital (STVA), and Intellectual Capital were proxied by Value Added Intellectual Coefficient (VAIC) simultaneously has an effect on Company Value (Tobin's Q). From the result of this research, investors in order to make intellectual capital as a consideration before making investment decisions because better company value will show better growth prospects so as to provide prosperity for investors and shareholders.

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Pengaruh Intellectual Capital terhadap Profitabilitas pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia

Jurnal Riset Akuntansi & Perpajakan (JRAP) ◽

10.35838/jrap.2015.002.01.1 ◽

2015 ◽

Vol 2 (01) ◽

pp. 1-18

Author(s):

Ramadhania Intan Cahyani ◽

Tara Widiarti S ◽

Jelita Listya Ferdiana

Keyword(s):

Decision Making ◽

Intellectual Capital ◽

Stock Exchange ◽

Value Added ◽

Partial Least Square ◽

Least Square ◽

Manufacturing Companies ◽

Structural Capital ◽

Coefficient Method ◽

Capital Value

A B S T R A C T This study aims to determine the effect of Intellectual Capital (IC) on profitability of manufacturing companies listed in Indonesia Stock Exchange (IDX). The independent variable of this study is Intellectual Capital (IC) while the dependent variable is profitability. Intellectual Capital (IC) was measured using VAICTM (Value Added Intellectual Coefficient) method which has 3 indicators, namely VAHU (Value Added Human Capital), VACA (Value Added Capital Employed), and STVA (Structural Capital Value Added). Meanwhile, profitability was measured using ROA (Return On Asset). Purposive sampling method was used in this study. Moreover, the populations involved were companies specializing on manufacturing. The total of samples used was 58 manufacturing companies listed in Indonesia Stock Exchange (IDX) from 2010-2013 period. In addition, Partial Least Square (PLS) was used as data analysis method. The result showed that Intellectual Capital (IC) has significant effect on profitability of manufacturing companies listed in Indonesia Stock Exchange (IDX). Therefore, VAICTM (Value Added Intellectual Coefficient) method can be used as a tool of decision making for stakeholder by integreting Intellectual Capital (IC) in the decision making process. A B S T R A K Penelitian ini bertujuan untuk mengetahui pengaruh Intellectual Capital (IC) terhadap profitabilitas perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia (BEI). Variabel bebas dari penelitian ini adalah Intellectual Capital (IC) sedangkan variabel terikat adalah profitabilitas. Modal intelektual (IC) diukur dengan menggunakan metode VAIC (Value Added Intellectual Coefficient) yang memiliki 3 indikator, yaitu VAHU (Value Added Human Capital), VACA (Value Added Capital Employed), dan STVA (Structural Capital Value Added). Sementara itu, profitabilitas diukur dengan menggunakan ROA (Return On Asset). Metode purposive sampling yang digunakan dalam penelitian ini. Selain itu, populasi yang terlibat perusahaan yang mengkhususkan diri pada manufaktur. Total sampel yang digunakan adalah 58 perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia (BEI) dari periode 2010-2013. Selain itu, Partial Least Square (PLS) digunakan sebagai metode analisis data. Hasil penelitian menunjukkan bahwa Intellectual Capital (IC) memiliki pengaruh yang signifikan terhadap profitabilitas perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia (BEI). Oleh karena itu, metode VAIC (Value Added Intellectual Coefficient) dapat digunakan sebagai alat pengambilan keputusan bagi stakeholder dengan integreting Intellectual Capital (IC) dalam proses pengambilan keputusan. JEL Classification: G14, G30

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PENGARUH INTELEKTUAL CAPITAL TERHADAP PROFITABILITAS PADA PERUSAHAAN INDUSTRI JASA SEKTOR PROPERTI DAN REAL ESTATE DI BURSA EFEK INDONESIA TAHUN 2011 –2015

JURNAL AKUNTANSI BERKELANJUTAN INDONESIA ◽

10.32493/jabi.v1i1.y2018.p83-107 ◽

2018 ◽

Vol 1 (1) ◽

pp. 83

Author(s):

Listiya Ike Purnomo

Keyword(s):

Human Capital ◽

Real Estate ◽

Intellectual Capital ◽

Value Added ◽

Return On Assets ◽

Structural Capital ◽

Capital Value

Penelitian ini bertujuan untuk mengetahui apakah Intellectual Capital diproksikan dengan Value Added Intellectual Coeffisien berpengaruh signifikan terhadap profitabilitas yang diukur dengan ROA menggunakan metode analisis Data Panel yang diolah dengan program Eviews 7.0. Value Added Capital Employed (VACA) menunjukkan t-statistik> t-tabel 0,610972 <1,97253, dan nilai probabilitasnya 0,5420> 0,05 membuktikan tidak ada pengaruh signifikan dari Value Added Capital Employed (VACA) pada Return On Assets (ROA). Nilai Tambah Modal Manusia (VAHU) menunjukkan t-statistik> t-tabel yaitu 5,324171> 1,97253, dan nilai probabilitas 0,0000 <0,05 membuktikan terdapat pengaruh signifikan Value Added Human Capital (VAHU) terhadap Return On Assets (ROA). Structural Capital Value Added (STVA) menunjukkan t-statistik> t-tabel adalah 2,559279> 1,97253, dan nilai probabilitas 0,0113 <0,05membuktikan bahwa ada pengaruh signifikan dari Structural Capital Value Added (STVA) terhadap Return On Assets (ROA) . Nilai Tambah Intelektual Koefisien (VAIC) menunjukkan t-statistik> t-tabel yaitu 20,21010> 1,97253, dan nilai probabilitas 0,0000 <0,05 membuktikan ada pengaruh signifikan Value Added Intellectual Coefficient (VAIC) terhadap Return On Assets (ROA) . Hasil uji simultan menunjukkan F-statistic> F-tabel adalah 59,13104> 2,42 dan nilai probabilitas 0,000000 <0,05 membuktikkan bersama-sama elemen Intellectual Capital memiliki pengaruh yang signifikan terhadap Return On Assets (ROA). Adjusted R-Squared (R2) sebesar 0,558249 menunjukkan bahwa persentase kontribusi variabel independen terhadap variabel dependen adalah 55,8%. Berdasarkan hasil pengujian dan pembahasan, dapat disimpulkan bahwa Intellectual Capital (IC) yang diukur dengan Value Added Capital Employed (VACA), Value Added Human Capital (VAHU), Structural Capital Value Added (STVA) dan Value Added Intellectual Capital (VAIC) Memiliki pengaruh yang signifikan terhadap profitabilitas yang diukur dengan Return On Assets (ROA).

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Pengaruh Faktor Intellectual Capital Disclosure Terhadap Profitabilitas Perusahaan Sektor Makanan dan Minuman di Bei Periode 2012-2016

Assets Jurnal Akuntansi dan Pendidikan ◽

10.25273/jap.v7i1.1649 ◽

2018 ◽

Vol 7 (1) ◽

pp. 45

Author(s):

Febrianty Febrianty ◽

Jovan Febriantoko

Keyword(s):

Human Capital ◽

Cross Section ◽

Intellectual Capital ◽

Knowledge Workers ◽

Value Added ◽

Knowledge Work ◽

Profit Margin ◽

Structural Capital ◽

Net Profit ◽

Capital Value

Abstrak Tujuan penelitian ini adalah untuk mengetahui pengaruh faktor intellectual capital disclosure (Value Added Capital Employed, Value Added Human Capital, dan Structural Capital Value Added) terhadap profitabilitas perusahaan sektor makanan dan minuman di BEI periode 2012-2016. Rancangan penelitian yang digunakan dalam penelitian ini adalah merupakan penelitian kausal atau hubungan sebab akibat. Intelectual Capital terdiri dari variable Value Added Capital Employed (VACA), Value Added Human Capital (VAHU), dan Structural Capital (STVA) sedang profitabilitas diproksikan dalam Net Profit Margin (NPM). Jenis data yang digunakan dalam penelitian ini berupa data sekunder berupa laporan tahunan perusahaan perbankan yang terdaftar di BEI pada tahun 2012-2016, yang diperoleh melalui <a href="http://www.idx.co.id/">www.idx.co.id</a>, data yang digunakan adalah data cross section. Jumlah sampel sebanyak 8 perusahaan sektor makanan dan minuman. Teknik analisis data yang digunakan adalah analisis regresi. Hasil penelitian menunjukan bahwa hanya variabel VACA yang berpengaruh secara parsial terhadap NPM perusahaan sektor makanan dan minuman di BEI periode 2012-2016. Sedangkan VACA, VAHU dan STVA secara simultan berpengaruh signifikan terhadap NPM perusahaan sektor makanan dan minuman di BEI periode 2012-2016. Dengan demikian penelitian ini mendukung bahwa hal terpenting meningkatkan kinerja keuangan perusahaan adalah peningkatan kontribusi manajemen melalui peningkatan produktivitas knowledge work dan knowledge workers.

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