Pengaruh Intellectual Capital Terhadap Kinerja Keuangan (Studi Empiris Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia Periode 2015-2017)
Knowledge-based Human Resources (Knowledge-based resources) is one of
the competitive strategies which is one of the success factors in competition
between companies. Companies must have added value that makes the company
superior compared to other companies. Creation of physical capital (intellectual
capital efficiency / capital employed efficiency) and intellectual capital
(intellectual capital efficiency) is the addition of structural capital efficiency and
human capital efficiency, whereas in this study the independent variable uses a
modified VAIC variable called the modified VAIC ( MVAIC). And there are
additional components of relational capital efficiency (RCE) as part of
intellectual capital efficiency. The purpose of this study is to analyze the
components of intellectual capital on financial performance that is proxied by
ROA.
The population in this study are manufacturing companies listed on the
Indonesia Stock Exchange in the 2015-2017 period. The sampling method uses
purposive sampling, which is the technique of determining the sample with certain
considerations or characteristics. The analytical tool in this study uses multiple
linear regression analysis.
The results of the study that human capital efficiency (HCE) significantly
positive effect on financial performance with a sig value of 0.020 <0.05 and
structural capital efficiency (SCE) significantly negative effect on financial
performance with a sig value of 0.011 <0.05. Meanwhile, relational capital
efficiency (RCE) and capital employed efficiency (CEE) had no significant effect
on financial performance with sig values of 0.863> 0.05 and 0.125> 0.05,
respectively