Intellectual Capital Performance: A Comparative Study between Financial and Non-Financial Industry of Indonesian Biggest Companies

The aim of this study is to analyze the intellectual capital performance (ICP) of financial and non-financial industry of Indonesian biggest companies. ICP was measured with Modified Value Added Intellectual Coefficient (MVAIC) constucted by Ulum et al. (2014a) which is based on Pulic's model...

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Main Authors: Ihyaul Ulum, Rizqiyah Rizqiyah, Ahmad Waluya Jati
Format: Article
Language:English
Published: EconJournals 2016-10-01
Series:International Journal of Economics and Financial Issues
Online Access:https://econjournals.com/index.php/ijefi/article/view/2884
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author Ihyaul Ulum
Rizqiyah Rizqiyah
Ahmad Waluya Jati
author_facet Ihyaul Ulum
Rizqiyah Rizqiyah
Ahmad Waluya Jati
author_sort Ihyaul Ulum
collection DOAJ
description The aim of this study is to analyze the intellectual capital performance (ICP) of financial and non-financial industry of Indonesian biggest companies. ICP was measured with Modified Value Added Intellectual Coefficient (MVAIC) constucted by Ulum et al. (2014a) which is based on Pulic's model (Pulic, 1998). MVAIC is a comprehensive tool to measure the performance of intellectual capital (IC). Data were taken from 50 biggest market capitalizations listed on the Indonesia Stock Exchange (IDX) for the period of 2007-2014. The result indicates that the ICP of companies in the non-financial industry is higher than the ICP of companies in financial industry. This result disputes that financial industry is one of IC intensive sector as identified by Firer and Williams (2003). Keywords: intellectual capital, intellectual capitalperformance, MVAIC, financial industry. JEL Classifications: E44, G23
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spelling doaj.art-479e94a938a34a8d9fc9fdc8c44a5c6b2023-02-15T16:20:08ZengEconJournalsInternational Journal of Economics and Financial Issues2146-41382016-10-0164Intellectual Capital Performance: A Comparative Study between Financial and Non-Financial Industry of Indonesian Biggest CompaniesIhyaul Ulum0Rizqiyah Rizqiyah1Ahmad Waluya Jati2University of Muhammadiyah Malang, IndonesiaUniversity of Muhammadiyah Malang, IndonesiaUniversity of Muhammadiyah Malang, Indonesia The aim of this study is to analyze the intellectual capital performance (ICP) of financial and non-financial industry of Indonesian biggest companies. ICP was measured with Modified Value Added Intellectual Coefficient (MVAIC) constucted by Ulum et al. (2014a) which is based on Pulic's model (Pulic, 1998). MVAIC is a comprehensive tool to measure the performance of intellectual capital (IC). Data were taken from 50 biggest market capitalizations listed on the Indonesia Stock Exchange (IDX) for the period of 2007-2014. The result indicates that the ICP of companies in the non-financial industry is higher than the ICP of companies in financial industry. This result disputes that financial industry is one of IC intensive sector as identified by Firer and Williams (2003). Keywords: intellectual capital, intellectual capitalperformance, MVAIC, financial industry. JEL Classifications: E44, G23 https://econjournals.com/index.php/ijefi/article/view/2884
spellingShingle Ihyaul Ulum
Rizqiyah Rizqiyah
Ahmad Waluya Jati
Intellectual Capital Performance: A Comparative Study between Financial and Non-Financial Industry of Indonesian Biggest Companies
International Journal of Economics and Financial Issues
title Intellectual Capital Performance: A Comparative Study between Financial and Non-Financial Industry of Indonesian Biggest Companies
title_full Intellectual Capital Performance: A Comparative Study between Financial and Non-Financial Industry of Indonesian Biggest Companies
title_fullStr Intellectual Capital Performance: A Comparative Study between Financial and Non-Financial Industry of Indonesian Biggest Companies
title_full_unstemmed Intellectual Capital Performance: A Comparative Study between Financial and Non-Financial Industry of Indonesian Biggest Companies
title_short Intellectual Capital Performance: A Comparative Study between Financial and Non-Financial Industry of Indonesian Biggest Companies
title_sort intellectual capital performance a comparative study between financial and non financial industry of indonesian biggest companies
url https://econjournals.com/index.php/ijefi/article/view/2884
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