scholarly journals PENGARUH INTELLECTUAL CAPITAL TERHADAP KINERJA KEUANGAN DAN NILAI PASAR PERUSAHAAN YANG LISTED DI JAKARTA ISLAMIC INDEX

2019 ◽  
Vol 16 (4) ◽  
pp. 529-535
Author(s):  
Halim Usman ◽  
Sri Wahyuni Mustafa
Keyword(s):  
Human Capital ◽  
Regression Analysis ◽  
Data Analysis ◽  
Financial Performance ◽  
Intellectual Capital ◽  
Market Value ◽  
Return On Equity ◽  
Purposive Sampling ◽  
Structural Capital ◽  
Capital Efficiency

This study aims to examine the effect of intellectual capital on financial performance and market value of the company. The intellectual capital variable uses three proxies, namely employed capital efficiency, human capital efficiency and structural capital efficiency, while the company's financial performance variable uses return on equity proxy and market to book ratio to proxy the company's market value. The object of this research is companies included in the Jakarta Islamic Index 2011-2017 period. Sampling is done by purposive sampling. The data analysis used is regression analysis to examine the effect of intellectual capital on financial performance and market value of the company. The results showed that intellectual capital had no effect on financial performance so that it affected the company's market value.   Penelitian ini bertujuan untuk menguji pengaruh intellectual capital terhadap kinerja keuangan dan nilai pasar perusahaan. Variabel intellectual capital menggunakan tiga proksi, yakni capital employed efficiency, human capital efficiency dan structural capital efficiency sedangkan untuk  variabel kinerja keuangan perusahaan menggunakan proksi return on equity dan market to book ratio untuk proksi nilai pasar perusahaan. Objek dari penelitian ini adalah perusahaan yang masuk dalam Jakarta Islamic Index periode 2011-2017. Pengambilan sampel dilakukan dengan purposive sampling. Adapun analisis data yang digunakan adalah analsis regresi untuk menguji pengaruh intellectual capital terhadap kinerja keuangan dan nilai pasar perusahaan. Hasil penelitian menunjukkan bahwa intellectual capital tidak berpengaruh terhadap kinerja keuangan sehingga namun berpengaruh terhadap nilai pasar perusahaan

scholarly journals PENGARUH INTELLECTUAL CAPITAL DAN UKURAN PERUSAHAAN TERHADAP KINERJA KEUANGAN PERUSAHAAN

2020 ◽  
Vol 4 (1) ◽  
pp. 64
Author(s):  
Herni Kurniawati ◽  
Rosmita Rasyid ◽  
Fanny Andriani Setiawan
Keyword(s):  
Human Capital ◽  
Financial Performance ◽  
Intellectual Capital ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Manufacturing Companies ◽  
Purposive Sampling ◽  
Structural Capital ◽  
Capital Efficiency ◽  
Positive Effect

Tujuan penelitian ini bertujuan untuk mengetahui dan menganalisis pengaruh intellectual capital (human capital efficiency, capital employed efficiency, structural capital efficiency) dan ukuran perusahaan terhadap kinerja keuangan perusahaan. Metode penelitian yang digunakan adalah regresi data panel dengan teknik pengambilan sampel purposive sampling yang menghasilkan jumlah sampel sebanyak 64 perusahaan yang terdaftar di Bursa Efek Indonesia (BEI). Penelitian ini dilakukan dengan menggunakan tahun pengamatan yaitu 2015-2017. Jenis data yang digunakan adalah data sekunder. Data diperoleh dari laporan keuangan yang diambil dari www.idx.com. Penelitian ini dibantu dengan program software eviews 9. Hasil penelitian ini membuktikan bahwa Intellectual capital yang diukur dengan Capital employed efficiency (VACA) berpengaruh positif signifikan terhadap kinerja keuangan perusahaan manufaktur. Pengukuran intellectual capital yang diukur dengan Human capital efficiency (VAHU) berpengaruh positif terhadap kinerja keuangan perusahaan. Pengukuran intellectual capital yang diukur structural capital efficiency yang berpengaruh positif terhadap kinerja keuangan perusahaan. Dan ukuran perusahaan manufaktur tidak berpengaruh terhadap kinerja keuangan perusahaan.  The purpose of this study aims to determine and analyze the effect of intellectual capital (human capital efficiency, capital employed efficiency, structural capital efficiency) and company size on the company's financial performance. The research method used is panel data regression with purposive sampling technique that produces a total sample of 64 companies listed on the Indonesia Stock Exchange (IDX). This research was conducted using observation years 2015-2017. The type of data used is secondary data. Data obtained from financial reports taken from www.idx.com. This research was assisted with a software eviews 9. The results of this study prove that Intellectual capital as measured by Capital employed efficiency (VACA) has a significant positive effect on the financial performance of manufacturing companies. Intellectual capital measurement as measured by Human capital efficiency (VAHU) has a positive effect on the company's financial performance. Intellectual capital measurement that is measured structural capital efficiency that affects the company's financial performance. And the size of the manufacturing company has no effect on the company's financial performance.

scholarly journals PENGARUH INTELLECTUAL CAPITAL TERHADAP KINERJA KEUANGAN BADAN LAYANAN UMUM (BLU) UIN SYARIF HIDAYATULLAH JAKARTA

2020 ◽  
Vol 4 (1) ◽  
pp. 60-69
Author(s):  
Ady Cahyadi ◽  
Nur Wachidah Yulianti ◽  
Husnul Khotimah ◽  
Yudi Setiadi
Keyword(s):  
Human Capital ◽  
Financial Performance ◽  
Hypothesis Testing ◽  
Intellectual Capital ◽  
Research Purpose ◽  
Return On Assets ◽  
Fixed Asset ◽  
Return On Equity ◽  
Structural Capital ◽  
Asset Turnover

This research purpose investigates the influence of intellectual capital, as measured by VAICTM that consist of three components of firms’ resources (human capital, structural capital, and capital employed) to financial performance of Syarif Hidayatullah State Islamic University of Jakarta. This research used SEM PLS as tool for test and data analyze. Result of this research showed that of the seven items were tested in the proxy as financial performance, only three of them that can be processed. They were Fixed Asset Turnover, Return On Assets and Return On Equity. Result of hypothesis testing showed intellectual capital (VAICTM) significantly influence to financial performance of Syarif Hidayatullah State Islamic University of Jakarta.

scholarly journals 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)

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

<p class="Style1"><em>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<sup>.</sup>of the company-manufacturing companies using the Value Added Intellectual Capital (VAIC <sup>m</sup>). 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.</em></p>

scholarly journals THE INFLUENCE OF INTELLECTUAL CAPITAL ON RETURN ON ASSETS AND RETURN ON EQUITY SHARIA RURAL BANK 2015 – 2017 PERIOD

2019 ◽  
Vol 5 (2) ◽  
pp. 124
Author(s):  
Qori Naufallita ◽  
Achsania Hendratmi
Keyword(s):  
Human Capital ◽  
Sampling Technique ◽  
Significant Positive Effect ◽  
Return On Assets ◽  
Return On Equity ◽  
Purposive Sampling ◽  
Structural Capital ◽  
Analysis Technique ◽  
Capital Efficiency ◽  
Positive Effect

ABSTRACT Purpose of this study is to determine the effect of Human Capital Efficiency, Capital Employed Efficiency, and Structural Capital Efficiency on Return On Assets and Return On Equity of Islamic Rural Banks period 2015-2017. This study uses a quantitative approach. Sampling technique is purposive sampling and there were 24 Islamic Rural Banks in Indonesia as subject of research. Analysis technique used is Panel Data Analysis.The results of this study indicate that CEE has a significant positive effect on ROA. Whereas HCE and SCE have no effect on ROA. Simultaneously HCE, CEE and SCE have a significant positive effect on ROA. In addition, the results of this study indicate that HCE and CEE have a significant positive effect on ROE, both partially and simultaneously.ABSTRAKPenelitian ini bertujuan untuk mengetahui pengaruh Human Capital Efficiency (HCE), Capital Employed Efficiency (CEE) dan Structural Capital Efficiency (SCE) pada Return On Assets dan Return On Equity Bank Pembiayaan Rakyat Syariah periode 2015-2017. Penelitian ini menggunakan pendekatan kuantitatif. Pengambilan sampel menggunakan purposive sampling dan terdapat 24 BPRS yang menjadi subyek penelitian. Teknik analisis menggunakan analisis Regresi Data Panel.Hasil penelitian menunjukkan CEE berpengaruh signifikan positif terhadap ROA. Sedangkan HCE dan SCE tidak berpengaruh terhadap ROA  Secara simultan HCE, CEE dan SCE berpengaruh signifikan positif terhadap ROA. Selain itu, hasil penelitian ini menunjukkan bahwa HCE dan CEE berpengaruh signifikan positif terhadap ROE, baik itu secara parsial maupun simultan. 

PENGARUH ELEMEN MODAL INTELEKTUAL TERHADAP HARGA SAHAM MELALUI ROA SEBAGAI VARIABEL PEMEDIASI PADA BANK BUMN

2019 ◽  
Vol 24 (2) ◽  
pp. 193-206
Author(s):  
Endika Perdana
Keyword(s):  
Human Capital ◽  
Intellectual Capital ◽  
Purposive Sampling ◽  
Structural Capital ◽  
Capital Efficiency

Intellectual capital (IC) merupakan konsep dalam menilai kinerja keuangan yang cukup berkembang dalam beberapa tahun belakangan ini. IC terdiri atas tiga elemen yaitu Human Capital Efficiency (HCE), Structural Capital Efficiendy (SCE), dan Capital Employed Efficiency (CEE). Secara umum, IC menggambarkan tentang optimalisasi penggunaan elemen sumber daya perusahaan yang terdiri atas sumber daya manusia, sumber daya struktural, dan sumber daya modal untuk menciptakan nilai tambah bagi perusahaan. Penelitian ini bertujuan untuk mengetahui pengaruh IC yang terdiri dari HCE, SCE dan CEE terhadap harga saham melalui kinerja keuangan bank (Return On Asset). Sampel penelitian ini terdiri atas bank BUMN yang terdaftar di Bursa Efek Indonesia dan dipilih secara purposive sampling. Metode statistik yang digunakan adalah analisis regresi linier berganda. Hasil penelitian menunjukkan secara simultan HCE, SCE dan CEE berpengaruh terhadap ROA. Secara parsial hanya CEE yang memengaruhi kinerja (ROA). Variabel HCE, SCE, CEE, dan ROA secara simultan berpengaruh terhadap Harga Saham. Variabel CEE memengaruhi nilai harga saham secara parsial.

scholarly journals Intellectual Capital and Islamic Banks Performance; Evidence from Indonesia and Malaysia

2016 ◽  
Vol 9 (2) ◽  
pp. 376 ◽  
Author(s):  
Rahmat Heru Setianto ◽  
Raditya Sukmana
Keyword(s):  
Human Capital ◽  
Regression Analysis ◽  
Intellectual Capital ◽  
Islamic Banks ◽  
Factors Affecting ◽  
Knowledge Based ◽  
Future Performance ◽  
Structural Capital ◽  
Strategic Plans ◽  
Capital Efficiency

<p><em>This paper aims to investigate empirically the relationship between the Intellectual Capital (IC) efficiency consist of human capital, structural capital and capital employed and Islamic banks performance in Indonesia and Malaysia. We employ independent sample t-test and regression analysis focusing on the period from 2010 to 2014. The results suggest that there are significant differences in intellectual efficiency scores, where Islamic Banks in Malaysia have exhibited better VAIC</em> <em> scores as compare to that of Islamic banks in Indonesia. While the regression analysis suggest that banks with better human capital efficiency tend to exhibit higher profitability levels. Moreover, sstructural capital is not related to Islamic bank performance. The results also suggets that capital efficiency tend to exhibit higher profitability levels both in Indonesia and Malaysia. The findings may serve as a useful input for Islamic bankers to apply knowledge based management in their respective institutions and in addressing the factors affecting IC performance in order to establish priorities and develop strategic plans, which will in turn enhance their future performance to maximize their value creation.  </em></p>

scholarly journals The effect of intellectual capital on the financial performance of insurance companies listed on the Indonesia Stock Exchange (ISE)

2017 ◽  
Vol 6 (1) ◽  
pp. 45
Author(s):  
Putri Alif Arifa ◽  
Nurmala Ahmar
Keyword(s):  
Human Capital ◽  
Financial Performance ◽  
Intellectual Capital ◽  
Stock Exchange ◽  
Physical Capital ◽  
Partial Least Square ◽  
Least Square ◽  
Insurance Companies ◽  
Return On Equity ◽  
Structural Capital

The purpose of this study is to analyze the effect of Intellectual Capital (VAICTM), with major components of physical capital (VACA), human capital (VAHU), and structural capital (STVA), on financial performance, with indicators of Return on Assets (ROA) and Return on Equity (ROE). Data are taken from 10 insurance com-panies listed on the Indonesia Stock Exchange for four years, 2010-2013. The support-ing data include reference books and journals of previous researches. The data analysis is conducted using Partial Least Square (PLS). The results show that intellectual capital (VAICTM) has significant effect on the financial performance. Physical capital (VACA) and human capital (VAHU) are significant indicators for VAICTM. Mean-while, structural capital (STVA) is not significant. The indicators of financial perfor-mance, both ROA and ROE, are significantly affected by intellectual capital for four years.

scholarly journals DETERMINAN KINERJA KEUANGAN BANK SYARIAH DI INDONESIA: PERSPEKTIF INTELLECTUAL CAPITAL DAN PENGUNGKAPAN

2020 ◽  
Vol 7 (10) ◽  
pp. 1929
Author(s):  
Fajar Dysna Kurniawan ◽  
Siti Zulaikha
Keyword(s):  
Human Capital ◽  
Financial Performance ◽  
Intellectual Capital ◽  
Commercial Banks ◽  
Value Added ◽  
Significant Positive Effect ◽  
Return On Equity ◽  
Purposive Sampling ◽  
Islamic Bank ◽  
Positive Effect

ABSTRAKIntellectual Capital diakui oleh para ahli sebagai intangible asset yang mampu menciptakan nilai tambah dan meningkatkan daya saing bagi suatu korporasi. Tujuan dari penilitian ini adalah untuk menganalisi pengaruh atau hubungna anatara intellectual Capital (IC) dan ntellectual capital disclousre (ICD) terhadap kinerja keuangan perbankan syariah di Indonesia. Dengan model pengukuiran IC menggunakan model iB-VAIC (islamic bank-valuie added intellectual capital) dengan komponen (1) iB-VACA  (Vallue Added Capital Employed), (2) iB-VAHU (Vallue Added Human Capital ) dan (3) iB-STVA ( Structure Capital Vallue Added) . Proksi pengukuran kinerja keuangan menggunakan ROA (Return On Asset) dan ROE (Return On Equity).  Sampel dalam penelitian ini 10 Bank Umum Syariah , dengan menggunakan teknik purposive sampling  dengan kriteria tertentu untuk mengambil sampel Bank Umum Syariah yang akan dteliti. Metode analisis menggunakan regresi data panel. Hasil penelitian ini  dengan menggunakan empat model regresi menunjukkan hasil bahwa : (1)  IC dengan model  iB-VAIC berpnegaruh postif signifikan dengan ROA dan ROE. (2) Komponen IC iB-VACA,iB-VAHU dan iB-STVA berpengaruh positif signifikan dengan ROA dan ROE.(3) Sedangkan pengungkapan modal intelektual atau ICD menunjukkan hasil yang tidak signifikan terhadap ROA dan ROE. Kata kunci : Kinerja Keuangan, iB-VAIC (islamic bank - valuie added intellectual capital), iB-VACA  (Vallue Added Capital Employed), iB-VAHU (Vallue Added Human Capital ) dan iB-STVA ( Structure Capital Vallue Added ABSTRACTIntellectual Capital recognized by experts as intangible assets capable of creating added value and increasing competitiveness for a corporation. The purpose of this research is to analyze the influence or relationship between intellectual capital (IC) and intellectual capital disclosure (ICD) on the financial performance of Islamic banking in Indonesia. The IC engraving model uses the modeliB-VAIC (Islamic bank-value added intellectual capital) with components (1) iB-VACA (Vallue Added Capital Employed), (2) iB-VAHU (Vallue Added Human Capital) and (3) iB-STVA (Structure Capital Vallue Added). Proxies for measuring financial performance use ROA (Return On Assets) and ROE (Return On Equity). The samples in this study were 10 Sharia Commercial Banks, using purposive sampling techniques with certain criteria to take samples of Sharia Commercial Banks to be studied. The method of analysis uses panel data regression. The results of this study using four regression models showed the results that: (1) IC with a model that has a significant positive effect on ROA and ROE. (2) The IC component  iB-VAICiB-VACA,iB-VAHU dan iB-STVA has a significant positive effect on ROA and ROE  (3) While the disclosure of intellectual capital or ICD shows insignificant results on ROA and ROE.Keywords: Financial Performance, iB-VAIC (Islamic bank - value added intellectual capital), iB-VACA (Vallue Added Capital Employed), iB-VAHU (Vallue Added Human Capital) and iB-STVA (Structure Capital Value Added)

scholarly journals Impact of Intellectual Capital on Financial Performance of Banks in Tanzania

2015 ◽  
Vol 1 (1) ◽  
pp. 17-24 ◽  
Author(s):  
Janeth N. Isanzu
Keyword(s):  
Human Capital ◽  
Financial Performance ◽  
Intellectual Capital ◽  
Value Added ◽  
Physical Capital ◽  
Annual Reports ◽  
Balance Sheets ◽  
Structural Capital ◽  
Knowledge Based Economy ◽  
Capital Efficiency

Since the financial sector reforms took place in the last two decades, Banks in Tanzania have continued to play the major role in reshaping the economy of the nation. With the emergence of knowledge based economy many firm have changed their way of doing business instead of relying more on physical capital they have shifted to intellectual capital. This is no exception for the banks operating in developing counties Tanzania included. Many studies have been done in the area of intellectual capital and its contribution to the value of the firm. This study sets out to extend the evidence by investigating the intellectual capital of banks operating in Tanzania for the period of four years from 2010 to 2013. Annual reports, especially the profit and loss accounts and balance sheets of the selected banks have been used to obtain the data. The study uses Value Added Intellectual Capital model (VAICTM) in determining intellectual capital and its three major components like Human Capital Efficiency (HCE) Structural capital efficiency (SCE) and Capital Employed Efficiency (CEE). The results revealed that Intellectual capital has a positive relationship with financial performance of banks operating in Tanzania and also when the VAICTM was divided into its three components it was discovered that the financial performance is positively related to Human capital efficiency and Capital employed efficiency but is negatively related to Structural capital efficiency.

scholarly journals Impact of Intellectual Capital on Corporate Performance

2020 ◽  
Vol 5 (6) ◽  
Author(s):  
Sedeaq Nassar
Keyword(s):  
Financial Performance ◽  
Intellectual Capital ◽  
Data Model ◽  
Value Added ◽  
Return On Assets ◽  
Return On Equity ◽  
Firm Financial Performance ◽  
Structural Capital ◽  
Capital Efficiency ◽  
The Relationship

The main objective of current study is to investigate the relationship between intellectual capital and corporate financial performance of 34 from 48 companies listed on Palestine Exchange (PEX) over the period of 2012-2018. Pulic’s method “Value Added Intellectual Coefficient (VAIC)” is utilized to measure the Intellectual Capital (IC), and three of traditional accounting tools involving; return on equity (ROE), return on assets (ROA), and earning per share (EPS) ratios is used as a proxy of firm financial performance. The findings of Panel data model show that human capital efficiency (HCE) is consider as the most effective element of intellectual capital in the issue of value creation than structural capital and capital employed. Moreover, VAIC shows a good relationship with financial performance represented by return on assets (ROA). In conclusion, Palestinian listed companies are still weakly used its intellectual capital' potentials in create value.

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