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Journal : Journal of Economics, Business,

INTELLECTUAL CAPITAL AND ITS IMPACT ON FINANCIAL PROFITABILITY AND INVESTORS CAPITAL GAIN ON SHARES Basuki Basuki; Mutiara Sianipar
Journal of Economics, Business, & Accountancy Ventura Vol 15, No 1 (2012): April 2012
Publisher : STIE Perbanas Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14414/jebav.v15i1.63

Abstract

The research attempts to investigate the influence of efficiency of value added by the majorcomponents of a firms resource base (physical capital, human capital, and structural capital)towards financial profitability (indicated by return on asset and return on equity) andalso investors capital gain on shares. Value Added Intellectual Coefficient (VAIC) introducedis used as proxy of firms effectiveness in managing its intellectual capital. Datawere drawn from 22 banking firms and 10 samples of publicly traded banking and insurancefirms respectively during 2005-2007. The linear multiple regression analysis suggests thatthe association between the efficiency of value added by a firms major resource bases and(1) return on asset, (2) return on equity, and (3) capital gain, are generally limited and insignificant.This is mainly due to the unique characteristics of banking companies comparedto other sectors. In contrast, for insurance sector confidently shows there is a significant associationbetween efficiency of VAIC toward financial profitability and investors capitalgain. This show that the power of intellectual capital is valuable information for related partiesin decision making and policy creation process especially in considering the growingsignificant role of banking and insurance companies in developing Indonesia economies.
Co-Authors Abbas, Dirvi Surya Abdul Kadir Ahmad Abdul Qolik Aci Primartadi Agung Pambudi Ahmad Sifaudin Irzandy Ali Djamhuri Anggraeni Anggraeni Ari Fajar Isbakhi Arik Indra Pratama Atma Tri Jayanti Ayu Nida Nur Rahmania Bagiya Bagiya Bambang Hendro Sunarmito Beni Nugroho Bening Zulfa Benito Heru Purwanto Danang Ariwibowo darma, ista Deli Anhar Dian Anisa Rokhmah Wati Dian Anisa Rokhmawati Dimas Yoga Arianto dwi jati lestariningsih, dwi jati Dwi Jatmoko Erfan Ali Mubarok Fajar Satriya Hadi Febrianto, Hendra Galuh Hamdani . Hendi Arya Pratama Ida Ayu Putu Sri Widnyani Ilhamu Dzinurain Muhandis Indah Ibanah Indra Gunawan Siregar Indri Fariroh Joko Purwanto Kuntho Alief Setiyono Kuswan Hadji M Hudori M. Ikbal Sahansah Mahmudatul Himma Mandala, Marga Mikrad mikrad Mochamad Arif Irfa’i Mochamad Zaenal Fanani Mochammad Lutfi Hendrawan Mohammad Munib Rosadi Muhamad Asvin Andur Rohman Muhammad Fardan Valenko Muhammad Farid Irvan Murhadi Murhadi Mursanto Mursanto Mutiara Sianipar Muwidha Muwidha Ngadino Ngadino Nicholas Adi Kusuma Nur Hidayati Nurhidayati Nurhidayati Nurul Dwi Novikarumsari, Nurul Dwi Nurul Novikarumsari Pambudi, Januar Eky Prayitno Prayitno Priyo Susilo RAHMAT SETIAWAN Rahmi Widyanti Retno Eka Pramitasari Rizky El Saputra Rohmad Miftah Jati Nugroho Salsabila Saifana Sheva Andika Ramajagandhi Sigit Kuswanto Siswoyo Siswoyo Sri Nuryani Hidayah Utami Sunomo Sunomo Suprapto Suprapto Suryono Suryono Susatyo Adhi Pramono, Susatyo Adhi Thomas Tukirin Titi Rokhayati Titik Purwati Widowati Titisari Kusumawardhani Tuti Cahyanti Umi Hartati Vega Kartika Sari Viga Ardhinata Wahono . Wahyu Widiastuti wijayanah wijayanah Wildan Auliya WITA WIDYANDINI Yogi Prasetyo Nugroho Yohana Nursruwening, Yohana Yoto Yoto Yuli Widiyono Yusna Yusna