Intellectual Capital Effect, Financial Performance, and Firm Value: An Empirical Evidence from Real Estate Firm, in Indonesia
This research aimed to analyze the impact of intellectual capital towards the firm’s financial performance and firm’s value. Intellectual capital was measured by Value Added Intellectual Capital (VAIC) which has three components, such as Value Added Capital Employed (VACA), Value Added Human Capital...
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| Format: | Article |
| Language: | English |
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Bina Nusantara University
2019-05-01
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| Series: | Journal the Winners |
| Subjects: | |
| Online Access: | https://journal.binus.ac.id/index.php/winners/article/view/5500 |
| _version_ | 1818575087704473600 |
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| author | Kevin Deniswara Ratu Marwaah Firhatil Uyuun Ang Swat Lin Lindawati Willnaldo Willnaldo |
| author_facet | Kevin Deniswara Ratu Marwaah Firhatil Uyuun Ang Swat Lin Lindawati Willnaldo Willnaldo |
| author_sort | Kevin Deniswara |
| collection | DOAJ |
| description | This research aimed to analyze the impact of intellectual capital towards the firm’s financial performance and firm’s value. Intellectual capital was measured by Value Added Intellectual Capital (VAIC) which has three components, such as Value Added Capital Employed (VACA), Value Added Human Capital (VAHU), and Structural Capital Value Added (STVA). Firm’s financial performance and firm’s value were measured by Return on Assets (ROA), Return on Equity (ROE), Revenue Growth (RG), and Tobin’s Q ratio. There were 102 observations of Property and Real Estate company sector listed in Indonesia Stock Exchange period 2014-2016 that was analyzed using the linear regression method. The results show that VAIC has a significant impact towards financial performance and firm’s value, except revenue growth, which means that the firm’s ability to generate value added and also profit with total assets and equity increase if IC is managed properly. Therefore, VACA is the only component of VAIC that has a significant impact towards financial performance and firm’s value, except RG which means that the capital employed is already managed properly. |
| first_indexed | 2024-12-15T00:35:35Z |
| format | Article |
| id | doaj.art-07524f4ddfbf46969a5495ef46625044 |
| institution | Directory Open Access Journal |
| issn | 1412-1212 2541-2388 |
| language | English |
| last_indexed | 2024-12-15T00:35:35Z |
| publishDate | 2019-05-01 |
| publisher | Bina Nusantara University |
| record_format | Article |
| series | Journal the Winners |
| spelling | doaj.art-07524f4ddfbf46969a5495ef466250442022-12-21T22:41:48ZengBina Nusantara UniversityJournal the Winners1412-12122541-23882019-05-01201496010.21512/tw.v20i1.55004778Intellectual Capital Effect, Financial Performance, and Firm Value: An Empirical Evidence from Real Estate Firm, in IndonesiaKevin Deniswara0Ratu Marwaah Firhatil Uyuun1Ang Swat Lin Lindawati2Willnaldo Willnaldo3Accounting Department. BINUS Graduate Program - Master of Accounting. Accounting Department. Faculty of Economics and Communication Bina Nusantara University Jakarta 11480Accounting Department. Faculty of Economics and Communication Bina Nusantara University Jakarta 11480Accounting Department. Faculty of Economics and Communication Bina Nusantara University Jakarta 11480Accounting Department. Faculty of Economics and Communication Bina Nusantara University Jakarta 11480This research aimed to analyze the impact of intellectual capital towards the firm’s financial performance and firm’s value. Intellectual capital was measured by Value Added Intellectual Capital (VAIC) which has three components, such as Value Added Capital Employed (VACA), Value Added Human Capital (VAHU), and Structural Capital Value Added (STVA). Firm’s financial performance and firm’s value were measured by Return on Assets (ROA), Return on Equity (ROE), Revenue Growth (RG), and Tobin’s Q ratio. There were 102 observations of Property and Real Estate company sector listed in Indonesia Stock Exchange period 2014-2016 that was analyzed using the linear regression method. The results show that VAIC has a significant impact towards financial performance and firm’s value, except revenue growth, which means that the firm’s ability to generate value added and also profit with total assets and equity increase if IC is managed properly. Therefore, VACA is the only component of VAIC that has a significant impact towards financial performance and firm’s value, except RG which means that the capital employed is already managed properly.https://journal.binus.ac.id/index.php/winners/article/view/5500intellectual capitalvaicfinancial performancefirm’s value |
| spellingShingle | Kevin Deniswara Ratu Marwaah Firhatil Uyuun Ang Swat Lin Lindawati Willnaldo Willnaldo Intellectual Capital Effect, Financial Performance, and Firm Value: An Empirical Evidence from Real Estate Firm, in Indonesia Journal the Winners intellectual capital vaic financial performance firm’s value |
| title | Intellectual Capital Effect, Financial Performance, and Firm Value: An Empirical Evidence from Real Estate Firm, in Indonesia |
| title_full | Intellectual Capital Effect, Financial Performance, and Firm Value: An Empirical Evidence from Real Estate Firm, in Indonesia |
| title_fullStr | Intellectual Capital Effect, Financial Performance, and Firm Value: An Empirical Evidence from Real Estate Firm, in Indonesia |
| title_full_unstemmed | Intellectual Capital Effect, Financial Performance, and Firm Value: An Empirical Evidence from Real Estate Firm, in Indonesia |
| title_short | Intellectual Capital Effect, Financial Performance, and Firm Value: An Empirical Evidence from Real Estate Firm, in Indonesia |
| title_sort | intellectual capital effect financial performance and firm value an empirical evidence from real estate firm in indonesia |
| topic | intellectual capital vaic financial performance firm’s value |
| url | https://journal.binus.ac.id/index.php/winners/article/view/5500 |
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