Proceedings of the Seventh Padang International Conference On Economics Education, Economics, Business and Management, Accounting and Entrepreneurship (PICEEBA 2021)

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The Effect of Intellectual Capital on Financial Performance and Company Value in the Financial Sector Listed on The Indonesia Stock Exchange

Authors
Wesi Hadia Nesa1, Rosyeni Rasyid2
1,2Universitas Negeri Padang, Padang, Indonesia
*Coresponding author. Email: wesihadia@gmail.com
Corresponding Author
Wesi Hadia Nesa
Available Online 23 November 2021.
DOI
10.2991/aebmr.k.211117.088How to use a DOI?
Keywords
Value Added Intellectual Coefficient (VAIC); Return on Assets (ROA); Return on Equity (ROE); Asset turnover (ATO); Market to Book Value (MBV); Tobin’s Q
Abstract

This study aims to determine the effect of intellectual capital on financial performance and firm value in the financial sector listed on the Indonesia Stock Exchange. The population in this study are all financial companies listed on the Indonesia Stock Exchange for the period 2015-2019 using secondary data. The sampling technique used purposive sampling, the number of samples in this study was 345 samples (69 companies with a research period of 5 years). The data analysis method used is regression using the SPSS 16 program. The variable intellectual capital using the value added intellectual coefficient (VAIC). VAIC is the sum of the components efficiency, namely Capital Employed Efficiency (CEE), Human Capital Efficiency (HCE), Structural Capital Efficiency (SCE), and two additional components that are different from previous research, namely innovation capital efficiency (RDE) and relational capital efficiency (RCE). VAIC has a positive and significant effect on financial performance using return on assets (ROA), return on equity (ROE) and assets turnover (ATO). The variable intellectual capital using the value-added intellectual coefficient (VAIC) has a positive and significant effect on firm value using market to book value (MBV) and Tobin’s q.

Copyright
© 2021 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

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Volume Title
Proceedings of the Seventh Padang International Conference On Economics Education, Economics, Business and Management, Accounting and Entrepreneurship (PICEEBA 2021)
Series
Advances in Economics, Business and Management Research
Publication Date
23 November 2021
ISBN
10.2991/aebmr.k.211117.088
ISSN
2352-5428
DOI
10.2991/aebmr.k.211117.088How to use a DOI?
Copyright
© 2021 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

Cite this article

risenwbib
TY  - CONF
AU  - Wesi Hadia Nesa
AU  - Rosyeni Rasyid
PY  - 2021
DA  - 2021/11/23
TI  - The Effect of Intellectual Capital on Financial Performance and Company Value in the Financial Sector Listed on The Indonesia Stock Exchange
BT  - Proceedings of the Seventh Padang International Conference On Economics Education, Economics, Business and Management, Accounting and Entrepreneurship (PICEEBA 2021)
PB  - Atlantis Press
SP  - 415
EP  - 424
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.211117.088
DO  - 10.2991/aebmr.k.211117.088
ID  - Nesa2021
ER  -