PENGARUH INTELLECTUAL CAPITAL
TERHADAP NILAI PERUSAHAAN DENGAN
KINERJA KEUANGAN SEBAGAI VARIABEL
INTERVENING
(Studi Pada Perusahaan Manufaktur yang Terdaftar di BEI
Periode 2009-2013)
The purpose of this study is to investigate the effect of intellectual capital
toward the firm value using the financial performance as intervening variable in
manufacturing firms registered in Indonesia Stock Exchange in period 2009-2013.
This research examine the relation of three major components of firm’s resources
which is capital emloyeed (VACA), human capital (VAHU), and structural
capital (STVA) toward the firm value of the company’s financial performance.
The firm value is measured using price to book value (PBV) otherwise the
company’s financial performance is measured using return on asset (ROA).
The samples used ini this study are 25 manufacturing firms in Indonesia
Stock Exhange in period 2009-2013. Path analysis used to be analysis technique
using program SPSS 20 for windows to determine the effect of mediation.
The result of this study show that VACA and VAHU have positively and
significant influence on ROA. VACA and ROA have positively and significant
influenced and PBV. Financial performance may mediate the relation between
VACA and STVA toward firm value