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1
Thalia, Thalia, and Francis Hutabarat. "Pengaruh Value Added Intellectual Capital Terhadap Kinerja Keuangan BUMN20 Tahun 2019-2020." Klabat Journal of Management 3, no. 2 (2022): 1. http://dx.doi.org/10.60090/kjm.v3i2.851.1-10.
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The purpose of this research is to find out the impact of company’s value added intellectual capital from 2019-2020. This research used quantitative approach, which using numeral data and descriptive statistics. The sample of this research utilizes “BUMN20 - company’s index” that reported financial statement from 2019-2020 and It has a positive outcome in terms of the profit. The result of this research will be tested whether it is significant or not. When the ‘f’ value is below its confidence level (5%) we can conclude that Value Added Human Capital (VAHU), Structural Capital Value (STVA), and Value Added Capital Employed (VACA) has a significant effect towards financial performance of BUMN20 firm. Partially, this research found out the significant test of ‘t’ VACA is 0.006 which there is a significant relationship between VACA and financial performance of BUMN20 firm. On the contrary, this research shows that the variables of VAHU and STVA have no significant impact between VAHU and financial performanxe and the same way about the relationship between STVA and financial performance of BUMN20.
 Keywords: Financial Performance, Structural Capital Value, Value-Added Intellectual Capital, Value-Added Capital Employed, Value-Added Human Capital.
 Tujuan penelitian ini adalah untuk mengetahui pengaruh value added intellectual capital perusahaan bumn pada tahun pengamatan 2019-2020. Penelitian ini menggunakan pendekatan kuantitatif dimana penelitian ini menggunakan data berbentuk angka serta merupakan suatu penelitian statistik deskriptif. Sampel penelitian menggunakan perusahaan index BUMN20 yang menerbitkan laporan keuangan 2 tahun berturut-turut dalam 2019-2020 dan memiliki laba bersih positif selama periode pengamatan. Hasil penleitian ini menunjukan bahwa secara simultan nilai dari signifikansi uji f sebesar 0.046 < 0.05 yang berarti value added human capital (VAHU), structural capital value added (STVA), dan value added capital employed (VACA) berpengaruh secara signifikan terhadap kinerja keuangan perusahaan BUMN20. Secara parsial didapati bahwa nilai signifikan uji t VACA 0.006 yang berarti adanya pengaruh signifikan antara VACA dengan kinerja keuangan pada perusahaan BUMN20. Sebaliknya, penelitian ini menunjukan bahwa untuk variabel VAHU dan STVA didapati bahwa tidak ada pengaruh signifikan antara VAHU dengan kinerja keuangan dan juga STVA dengan kinerja keuangan perusahaan BUMN20.
 Kata kunci: Kinerja Keuangan, Structural Capital Value Value-Added Intellectual Capital, Value-Added Capital Employed,,Value-Added Human Capital.
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Wardianto, Dimas, Lailah Fujianti, and Indah Masri. "PENGARUH INTELLECTUAL CAPITAL DAN FINANCIAL LEVERAGE TERHADAP FIRM PERFORMANCE (STUDI EMPIRIS PERUSAHAAN MANUFAKTUR SEKTOR INDUSTRI DASAR DAN KIMIA YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2018)." RELEVAN : Jurnal Riset Akuntansi 1, no. 1 (2020): 1–11. http://dx.doi.org/10.35814/relevan.v1i1.1807.
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Penelitian ini bertujuan untuk menganalisis pengaruh modal intelektual dan financial leverage terhadap kinerja perusahaan. Penelitian ini menggunakan beberapa variabel kontrol yang diidentifikasi sebagai faktor-faktor yang mempengaruhi kinerja perusahaan, seperti Value Added Capital Employed (VACA), Value Added Human Capital (VAHU), Stuctural Capital Value Added (STVA), dan Debt to Equity. Sampel yang digunakan dalam penelitian ini adalah perusahaan yang bergerak di bidang manufaktur. Pengambilan sampel dilakukan dengan menggunakan metode purposive sampling sehingga didapatkan 37 perusahaan yang akan dijadikan sampel dalam penelitian ini. Hipotesis dalam penelitian ini diuji dengan menggunakan model regresi linier berganda. Uji signifikansi simultan (uji F) dan uji signifikansi parsial (uji t) dengan a = 5% digunakan untuk menguji hipotesis. Hasil uji F menunjukkan bahwa Value Added Capital Employed (VACA), Value Added Human Capital (VAHU), Structural Capital Value Added (STVA), dan Debt to Equity berpengaruh signifikan terhadap kinerja perusahaan. Hasil uji t menunjukkan bahwa Value Added Capital Employed (VACA), Value Added Human Capital (VAHU), dan Structural Capital Value Added (STVA) tidak berpengaruh signifikan. Debt to Equity berpengaruh positif dan signifikan terhadap kinerja perusahaan.
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Tangngisalu, Jannati. "The impact of intellectual capital on company value." Jurnal Manajemen Bisnis 8, no. 1 (2021): 182–90. http://dx.doi.org/10.33096/jmb.v8i1.215.
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This study aims to analyze the partial effect of Value Added Capital Employed (VACA), Value Added Human Capital (VAHU), Structural Capital Value Added (STVA) on Firm Value. is This research quantitative research. The research object is Property and Real Estate Companies listed on the Indonesia Stock Exchange (IDX) for 2015 to 2019 with a research sample of 18 companies that meet the criteria. Data The analysis using descriptive statistical techniques and Multiple Linear Regression aided by SPSS 25.0. The results showed that partially and simultaneously, VACA, VAHU, and STVA positively and significantly affect PBV
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Cahyadi, Olivina, and Fanny Anggraeni. "PENGARUH VALUE ADDED TERHADAP NILAI PERUSAHAAN NON KEUANGAN." E-Jurnal Akuntansi TSM 3, no. 4 (2024): 269–78. http://dx.doi.org/10.34208/ejatsm.v3i4.2296.
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The purpose of this research is to obtain empirical evidence regarding several factors that can affect the value of non-financial companies listed on the Indonesia Stock Exchange (IDX). Some of the factors referred to are Value Added Capital Employed (VACA), Value Added Human Capital (VAHU), Structural Capital Value Added (STVA), company size, company age, capital structure, financial performance, and net profit margin. The population includes all non-financial companies listed on the Indonesia Stock Exchange (IDX) from 2017 to 2021. Purposive sampling was used as a technique for selecting the sample. There are 150 non-financial companies that meet the criteria and as many as 750 sample data used in this study. Sample data was tested using multiple regression methods. The results of the research conducted show that Value Added Capital Employed (VACA), Value Added Human Capital (VAHU), structural capital value added (STVA), company size, company age, and capital structure have no effect on firm value, while financial performance and net profit margin affect the value of the company.
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Theresia, Trisanti, Agung Saputro Julianto, Algifari, and Rosita Arini Prima. "Assessing the Relationship between Company Value and Intellectual Capital Disclosure Before and During Covid-19: Evidence Indonesia IT Companies." Journal of Economics, Finance And Management Studies 6, no. 07 (2023): 2996–3007. https://doi.org/10.5281/zenodo.8106894.
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The purpose of this research is to examine the effect of Value Added Intellectual Coefficient (VAICTM) consisting of Value Added Capital Employed (VACA), Value Added Human Capital (VAHU), Structural Capital Value Added (STVA) on firm value by Tobin's Q. The data used in this study secondary data in the form an annual IT companies report listed on the Indonesia Stock Exchange. The sample collection has done by purposive sampling method. The hypothesis testing is done using the PLS Structural Equation Model. The results showed that Structural Capital Value Added (STVA) does not have any significant effect on firm value. Meanwhile, Value Added Intellectual Coefficient (VAICTM), Value Added Capital Employed (VACA), Value Added Human Capital (VAHU) have a positive effect on firm value and there is no significant difference of IC before and during Covid-19 on firm value by Tobin's Q. The results of this study will increase understanding in assessing how intellectual capital can add value to the company, especially for the IT sector when experiencing business difficulties. It is expected that companies that invest in intellectual capital then the company will have a good effect on firm value and are expected to provide long-term benefits.
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Hamidah, Hamidah, Gatot Nazir Ahmad, and Rahma Aulia. "EFFECT OF INTELLECTUAL CAPITAL, CAPITAL STRUCTURE AND MANAGERIAL OWNERSHIP TOWARD FIRM VALUE OF MANUFACTURING SECTOR COMPANIES LISTED IN INDONESIA STOCK EXCHANGE (IDX) PERIOD 2010-2014." JRMSI - Jurnal Riset Manajemen Sains Indonesia 6, no. 2 (2015): 558. http://dx.doi.org/10.21009/jrmsi.006.2.04.
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The purpose of this study is to know the effect of Intellectual Capital, Capital Structure and Managerial Ownership on Firm Value in Manufacturing Company Listed on Indonesia Stock Exchange in 2010-2014. In this research, intellectual capital can be seen from VACA (Value Added Capital Employed), VAHU (Value Added Human Capital), and STVA (Structural Capital Value Added). The research model in this study employs panel data analysis. The samples are manufacturing companies listed in Indonesian Stock Exchange in 2010-2014 selected by purposive sampling. The result show that VACA and STVA has negative and not significant effect on firm value (Tobins’Q). Whereas, VAHU have positive and not significant effect on firm value. Capital structure (DAR) have positive and significant effect on firm value. Managerial ownership (MGRL) have negative and significant effect on firm value.
 
 
 
 Keywords: Firm Value, Intellectual Capital, VACA, VAHU, STVA, Capital Structure, Managerial Ownership.
 
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Setiawan, Bagus Tri, and Anisaa Dewi Arismaya. "Pengaruh Intellectual Capital (IC) dan Kepemilikan Manajerial terhadap Nilai Perusahaan dengan Ukuran Perusahaan sebagai Variabel Moderasi (Studi Sektor pada Perusahaan Yang Terdaftar di Jakarta Islamic Index Tahun 2019-2023)." Jibaku: Jurnal Ilmiah Bisnis, Manajemen dan Akuntansi 5, no. 1 (2025): 1–9. https://doi.org/10.35473/jibaku.v5i1.3642.
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Business competition in the globalization era drives companies to innovate to achieve their goals, with company resources being a key factor considered by investors. The capital market offers opportunities for investors to manage funds and gain profits through various financial instruments. This study analyzes the factors influencing firm value in the Jakarta Islamic Index (JII) 30 during the 2019–2023 period, focusing on intellectual capital and managerial ownership. Based on 70 observations analyzed using Eviews 12, VAHU (value added human capital) significantly impacts firm value, while VACA (value added capital employed), STVA (structural capital value added), and managerial ownership do not. Firm size moderates the influence of VACA and VAHU but does not moderate the influence of STVA and managerial ownership. The study's implications highlight the importance of investing in human capital, efficient asset management, and managerial incentives to enhance firm value. Abstrak Persaingan bisnis di era globalisasi mendorong perusahaan untuk berinovasi guna mencapai tujuan, dengan sumber daya perusahaan menjadi faktor utama yang dipertimbangkan investor. Pasar modal menyediakan peluang bagi investor untuk mengelola dana dan memperoleh keuntungan melalui berbagai instrumen keuangan. Penelitian ini menganalisis faktor yang memengaruhi nilai perusahaan pada Jakarta Islamic Index (JII) 30 periode 2019-2023, meliputi intellectual capital dan kepemilikan manajerial. Berdasarkan 70 observasi yang dianalisis dengan Eviews 12, VAHU (value added human capital) berpengaruh signifikan terhadap nilai perusahaan, sementara VACA (value added capital employed), STVA (structural capital value added), dan kepemilikan manajerial tidak signifikan. Ukuran perusahaan memoderasi pengaruh VACA dan VAHU, tetapi tidak memoderasi pengaruh STVA dan kepemilikan manajerial. Implikasi penelitian ini menyoroti pentingnya investasi pada human capital, efisiensi pengelolaan aset, dan insentif manajerial untuk meningkatkan nilai perusahaan.
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Aprilya, Ayu Nur, Diana Dwi Astuti, and Lia Rachmawati. "Faktor – Faktor Yang Mempengaruhi Profitabilitas Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia (BEI) Periode 2014-2018." JAKUMA : JURNAL AKUNTANSI DAN MANAJEMEN KEUANGAN 1, no. 2 (2021): 100–116. http://dx.doi.org/10.31967/jakuma.v1i2.408.
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This study aims to determine the influence of Sales Growth, Firm Size, Value Added Capital Employee (VACA), Value Added Human Capital (VAHU), and Structures Capital Value Added (STVA) on Profitability in Manufacturing companies listed on the Indonesia Stock Exchange (BEI) in 2014 - 2018. The population in this study were manufacturing companies listed on the Indonesia Stock Exchange (IDX) from 2014 to 2018. The sampling technique in this study used purposive sampling. The sample in this study were 60 companies from 184 manufacturing companies listed on the Indonesia Stock Exchange (BEI). The data analysis technique used is multiple linear regression analysis. The results of this study indicate that there is a simultaneous influence on Sales Growth, Firm Size, Value Added Capital Employee (VACA), Value Added Human Capital (VAHU), and Structural Capital Value Added (STVA) on Profitability in Manufacturing companies for the period 2014-2018. Based on the partial test of Firm Size and VAHU variables has a significant effect on profitability. While the Sales Growth variable VACA, and STVA showed that the results have no and significant effect on profitability.
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Yulindisti, Elga, and Syarif M. Helmi. "INTELLECTUAL CAPITAL DAN KINERJA KEUANGAN PADA SEKTOR INDUSTRI BARANG KONSUMSI DI BURSA EFEK INDONESIA." APSSAI ACCOUNTING REVIEW 4, no. 1 (2024): 1–20. https://doi.org/10.26418/apssai.v4i1.52.
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The study examines the effect of intellectual capital on financial performance. The independent variable is intellectual capital measured with value-added intellectual capital (VAIC) and its components: value-added human capital (VAHU), value-added capital employed (VACA), and structural capital value added (STVA). In contrast, the dependent variable is financial performance as measured by the return on assets (ROA) and return on equity (ROE). The moderating in this study is firm size as measured by the total assets. This sample consists of 190 samples of the consumer goods industry sector on the Indonesia Stock Exchange (IDX) from 2017-2021. The finding is that VAIC has a significant effect on financial performance, and VAHU and VACA have a significant effect on financial performance. In comparison, STVA has no significant effect on financial performance. Firm size moderates the relationship between VAIC, VAHU, and VACA on financial performance. While firm size failed to moderate the relationship between STVA and financial performance.
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Herawati, Stevani Wahyu, and Ernie Riswandari. "PENGARUH ENTERPRISE RISK MANAGEMENT & INTELLECTUAL CAPITAL TERHADAP NILAI PERUSAHAAN YANG TERCANTUM DALAM INDEKS LQ45 BEI." Ultimaccounting Jurnal Ilmu Akuntansi 14, no. 2 (2022): 385–401. http://dx.doi.org/10.31937/akuntansi.v14i2.2931.
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Abstract— The Purpose of this study to determine the effect of enterprise risk management and intellectual capital on the firm value. The value of the firm is reflected in the stock price but in fact the stock price always fluctuates up and down which is unstable, including in companies that are indexed LQ45.Enterprise Risk Management measured by Enterprise Risk Disclosure Index (ERMDI),Intellectual Capital by Valued Added Human Capital (VAHU), Value Added Capital Employed (VACA),Structural Capital Value Added (STVA), and Company Value measured by Tobin’s Q. This study used secondary data obtained from the corporate official website and Indonesia Stock Exchange ( www.idx.co.id ). The sample used as many 25 companies were listed at index LQ45 IDX which selectedwith use purposive sampling method. Method of analysis used is descriptive statistic test, the classical assumption test and testing of hypothesis using SPSS version 25. Based on the result of concluding that ERM,VAHU, and VACA were Partially positive effects on the Company Value and STVA were partially have no effect on the Company Value. ERM, VAHU, VACA, STVA were Simultaneously positif effect on the Company Value.
 
 Keywords: Company Value; ERM; IC; VAIC; VAHU; VACA; STVA
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Idrus, Olivia, and Noorina Hartati. "The Value Relevance of Intellectual Capital on Firm Performance in Transportation Industry." Journal of Economics, Business, and Government Challenges 3, no. 1 (2020): 40–47. http://dx.doi.org/10.33005/ebgc.v3i1.102.
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 Previous studies that investigate the relationship between intellectual capital and financial performance or market value show different results. Meanwhile, intellectual capital begins to overtake physical assets as the most important assets for firms. It also happens in transportation industry. Transportation industry has a big influence on social and economic activities. Therefore, this study aims to analyze the effect of different measures of intellectual capital on firms’ performance. We use transportation firms listed in the Indonesian Stock Exchange (IDX) in 2011-2015. We use three independent variables in this study, namely, Value Added Capital Employed (VACA), Value Added Human Capital (VAHU) and Structural Capital Value Added (STVA) as the proxies of intellectual capital that are measured using the VAICTM model by Pulic (1998). The dependent variables are Return on Assets (ROA) and Return on Equity (ROE) as the proxies of firm performance. By using multivariate linear regression analysis, we show that VACA (CE), VAHU (HC) and STVA (SC) variables do not affect ROA and ROE as the proxies of firm performance. However, the VAIC TM variable that combines VACA (CE), VAHU (HC) and STVA (SC) positively affect both ROA and ROE.
 
 
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Suzan, Leny, and Jihan Septiani Putri Kusworo. "Company Size and Intellectual Capital on Company Value in The Consumer Goods Industry Sector Listed on The Indonesia Stock Exchange." JASa (Jurnal Akuntansi, Audit dan Sistem Informasi Akuntansi) 6, no. 3 (2022): 304–9. http://dx.doi.org/10.36555/jasa.v6i3.1901.
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Firm value is an investor's perception of the company's success in improving the welfare of investors. The company's goal is to value the company with management that can be trusted by potential investors to invest in the company. High company value indicates investor confidence with increasing stock prices. This study aims to determine the effect of firm size and intellectual capital which includes Value added capital employed, Value added human capital, Structural Capital Value added on firm value. The research uses a quantitative method approach. The research sample used was 25 companies listed on the Indonesia Stock Exchange in 2018-2020 with a 3-year period of 75 samples. The research analysis method used is panel data regression using the Eviews 12 application. Based on the results of simultaneous testing, it is known that company size and intellectual capital include Value added capital employed, Value added human capital, Structural Capital Value added has an effect on firm value. Partially Value added capital employed (VACA) has a positive effect on firm value, firm size and value added human capital (VAHU), Structural Capital Value added (STVA) has no effect on firm value.
 
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Deniswara, Kevin, Ratu Marwaah Firhatil Uyuun, Ang Swat Lin Lindawati, and Willnaldo Willnaldo. "Intellectual Capital Effect, Financial Performance, and Firm Value: An Empirical Evidence from Real Estate Firm, in Indonesia." Winners 20, no. 1 (2019): 49. http://dx.doi.org/10.21512/tw.v20i1.5500.
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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.
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Lim, Maria Virginia, and Delfi Panjaitan. "PENGARUH INTELLECTUAL CAPITAL DAN FIRM SIZE TERHADAP PROFITABILITAS PADA SEKTOR PERBANKAN YANG TERDAFTAR DI BEI." Jurnal Informasi Akuntansi (JIA) 2, no. 1 (2023): 49–58. http://dx.doi.org/10.32524/jia.v2i1.836.
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Penelitian ini bertujuan untuk mengetahui pengaruh intellectual capital dan firm size terhadap profitabilitas pada sektor perbankan yang terdaftar di BEI. Data yang digunakan adalah data sekunder, dengan populasi perusahaan sektor perbankan yang terdaftar di BEI periode 2016-2020. Teknik pengambilan sampel menggunakan metode purposive sampling dan diperoleh 27 perusahaan dengan total 135 sampel. Pengujian hipotesis dalam penelitian ini dilakukan dengan analisis regresi berganda. Hasil penelitian menunjukkan bahwa Value Added Capital Employed (VACA) tidak berpengaruh terhadap profitabilitas, Value Added Human Capital (VAHU) tidak berpengaruh terhadap profitabilitas, Structural Capital Value Added (STVA) berpengaruh terhadap profitabilitas, dan firm size berpengaruh terhadap profitabilitas.
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Lim, Maria Virginia, and Delfi Panjaitan. "The Effect Of Intellectual Capital And Firm Size To Profitability In The Banking Sector Listed On Idx." Jurnal Informasi Akuntansi (JIA) 2, no. 2 (2023): 83–92. http://dx.doi.org/10.32524/jia.v2i2.982.
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This study aims to determine the effect of intellectual capital and firm size on profitability in the banking sector listed on the IDX. The data used is secondary data, with a population of banking sector companies listed on the IDX for the 2016-2020 period. The sampling technique used purposive sampling method and obtained 27 companies with a total sample of 135. Hypothesis testing in this study was carried out by multiple regression analysis. The results showed that Value Added Capital Employed (VACA) had no effect on profitability, Value Added Human Capital (VAHU) had no effect on profitability, Structural Capital Value Added (STVA) had no effect on profitability, and firm size had an effect on profitability.
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Sabrina, Sasya. "Analysis of Intellectual Capital Effect Toward Financial Performance and Growth." Binus Business Review 6, no. 3 (2015): 449. http://dx.doi.org/10.21512/bbr.v6i3.955.
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The purpose of this research is to investigate the influence of intellectual capital of firm toward financial performance and growth. The Value Added Intellectual Coefficient (VAICTM) is used to measure intellectual capital. The indicators for VAICTM are Value Added Capital Employed (VACA), Value Added Human Capital (VAHU), and Structural Capital Value Added (STVA). The indicators for financial performance are Current Ratio (CR), Total Assets Turnover (TATO), Return on Investment (ROI), and Return on Equity (ROE). The indicators for growth are Earnings Growth (EG) and Assets Growth (AG). This research uses data drawn from 92 publicly listed manufacturing companies in Indonesian Stock Exchange in 2010, 2011, and 2012. Partial Least Square (PLS) is used as the method of data analysis. This research uses SmartPLS 3.2.0 to analyze the data.The results show that: intellectual capital doesn’t influence financial performance and intellectual capital positively influences growth.
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Ragelia, Ira, and Puji Sucia Sukmaningrum. "INTELLECTUAL CAPITAL, KINERJA KEUANGAN, DAN NILAI PERUSAHAAN YANG TERDAFTAR DI JAKARTA ISLAMIC INDEX: PENDEKATAN SEM-PLS." Jurnal Ekonomi Syariah Teori dan Terapan 7, no. 8 (2020): 1468. http://dx.doi.org/10.20473/vol7iss20208pp1468-1483.
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This study aims to analyze the effect of intellectual capital on firm value through financial performance as a intervening variable on companies that are consistently listed on the Jakarta Islamic Index from 2014 to 2018. Based on purposive sampling techniques, there are 15 companies used as research samples. This research tested used the Structural Equation Modeling method with Partial Least Square (SEM-PLS). The measurement of intellectual capital in this study uses the VAICTM method, which consists of Value Added Capital Employed (VACA), Value Added Human Capital (VAHU), and Structural Capital Value Added (STVA). It was found that intellectual capital influence on firm's value directly and indirectly. Financial performance as a partial intermediary reflected through Return on Assets (ROA), Current Ratio (CR), Debt to Total Assets Ratio (DAR), Total Assets Turnover (TATO), and Earnings per Share (EPS). However, only ROA and TATO indicators can reflect financial performance variables. In the intellectual capital variable, there is only one valid indicator, namely physical and financial capital (VACA). The company's value in this study reflected through Market to Book Value and Tobin's Q.Keywords: intellectual capital, financial performance, firm’s value, SEM-PLS, Jakarta Islamic Index
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K. S., Salsabiilatul Ayniah, and Muhammad Nafik Hadi Ryandono. "Apakah Intellectual Capital Mempengaruhi Kinerja Perbankan Syariah? Fakta dari Indonesia." Jurnal Ekonomi Syariah Teori dan Terapan 9, no. 4 (2022): 534–42. http://dx.doi.org/10.20473/vol9iss20224pp534-542.
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ABSTRAK Mengetahui pengaruh 3 komponen Intellectual Capital yang terdiri dari Value Added Capital Employed (VACA), Value Added Human Capital (VAHU), dan Structural Capital Value Added (STVA) dan mengetahui pengaruh Rate of Growth of Intellectual Capital (ROGIC)terhadap proporsi pembiayaan bagi hasil bank umum syariah di Indonesia periode 2015-2020 merupakan tujuan dari penelitian ini. Menggunakan regresi data panel serta data sekunder dengan mengumpulkan laporan tahunan bank umum syariah. Memanfaatkan Sampel 9 bank umum syariah yang terdaftar pada OJK dengan diseleksi menggunakan metode purposive sampling. Variabel Intellectual Capital diukur dengan metode Islamic Banking Value Added Intellectual Coefficient (IB-VAIC). Sedangkan untuk variabel proporsi pembiayaan bagi hasil menggunakan pengukuran profit sharing ratio. Hasil penelitian menunjukkan bahwa Value Added Capital Employed (VACA), Value Added Human Capital (VAHU), dan Structural Capital Value Added (STVA) dan Rate of Growth of Intellectual Capital (ROGIC) berpengaruh signifikan terhadap proporsi pembiayaan bagi hasil. Secara parsial, Value Added Capital Employed (VACA) berpengaruh signifikan negatif terhadap proporsi pembiayaan bagi hasil. Value Added Human Capital (VAHU) dan Structural Capital Value Added (STVA) memiliki pengaruh signifikan dengan arah positif pada proporsi pembiayaan bagi hasil. Rate of Growth of Intellectual Capital (ROGIC) tidak memiliki pengaruh pada proporsi pembiayaan bagi hasil. Kata Kunci: Intellectual Capital, VACA, VAHU, STVA, ROGIC, Proporsi Pembiayaan Bagi Hasil, Bank Umum Syariah. ABSTRACT Find out the effect of 3 components of Intellectual Capital, consisting of Value Added Capital Employed (VACA), Value Added Human Capital (VAHU), and Structural Capital Value Added (STVA), and find out the effect of the Rate of Growth of Intellectual Capital (ROGIC) on profit-loss sharing financing proportion of Islamic Banks in Indonesia from 2015-2020 is the goal of this research. Using panel data regression and secondary data by collecting the annual reports of Islamic Commercial Banks. Utilizing a sample of 9 Islamic Commercial Banks registered in OJK and selected using a purposive sampling method. The Intellectual Capital was measured by the Islamic Banking Value Added Intellectual Coefficient (IB-VAIC) method. Profit loss sharing financing proportion is measured by the profit sharing ratio. The results of this research showed that Value Added Capital Employed (VACA), Value Added Human Capital (VAHU), Structural Capital Value Added (STVA), and Rate of Growth of Intellectual Capital (ROGIC) had a significant effect on profit-sharing financing proportion. Partially, Value Added Capital Employed (VACA) has a negative significant effect on profit-loss sharing financing proportion. Value Added Human Capital (VAHU) and Structural Capital Value Added (STVA) have a positive significant effect on profit-loss sharing financing proportion. The rate of Growth of Intellectual Capital (ROGIC) does not affect the profit-sharing financing proportion. Keywords: Intellectual Capital, VACA, VAHU, STVA, ROGIC, Profit Loss Sharing Financing Proportion, Islamic Banks. DAFTAR PUSTAKA Aryee, S., Walumbwa, F. O., Seidu, E. Y. M., & Otaye, L. E. (2016). Developing and leveraging human capital resource to promote service quality: Testing a theory of performance. 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PSU Research Review, 4(1), 45–60. https://doi.org/10.1108/prr-08-2019-0026 Kim, T., Gon, kim woo, Sa, park simon si, Gyehee, L., & Bonggu, J. (2006). Mapping landscape values. Tourism, 113(November 2012), 101–113. https://doi.org/10.1002/jtr Kurniawan, F. D., & Zulaikha, S. (2020). Determinan kinerja keuangan bank syariah di Indonesia: Perspektif intellectual capital dan pengungkapan. Jurnal Ekonomi Syariah Teori Dan Terapan, 7(10), 1929. https://doi.org/10.20473/vol7iss202010pp1929-1943 Lia, A., & Asep, R. (2020). Pengaruh intellectual capital terhadap kinerja keuangan perusahaan subsektor advertising, printing, dan media. Jurnal Ilmiah Mahasiswa Ekonomi Manajemen, 5(1), 187–200. Maghfiroh, A. (2021). Analisis pengembangan sumber daya manusia dalam perspektif syariah. Jurnal Ilmiah Ekonomi Islam, 7(1), 403. https://doi.org/10.29040/jiei.v7i1.2138 Nawaz, T., Haniffa, R., & Hudaib, M. (2020). On intellectual capital efficiency and shariah governance in Islamic banking business model. 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Pengaruh intellectual capital, rate of growth of intellectual capital dan pengungkapannya terhadap kinerja keuangan perusahaan. INOBIS: Jurnal Inovasi Bisnis dan Manajemen Indonesia, 2(4), 486–504. https://doi.org/10.31842/jurnal-inobis.v2i4.107 Sary Sakinah, I., Sadalia, I., Syahputra Silalahi, A., & Author, C. (2020). The influence of intellectual capital and rate of growth of intellectual capital on financial performance in financial institution sub-sector companies on the Indonesia stock exchange. International Journal of Research and Review, 7(1), 474-479. Seleim, A., & Bontis, N. (2013). National intellectual capital and economic performance: Empirical evidence from developing countries. Knowledge and Process Management, 20(3), 131–140. https://doi.org/10.1002/kpm.1412 Setiawan, M. A. (2014). Pengaruh intellectual capital terhadap kinerja. Jurnal Riset Akuntansi dan Keuangan, 2(1), 251–260. Sirinuch Nimtrakoon. (2015). Intellectual capital, firms’ market The relationship between value and financial performance Empirical evidence from the ASEAN. Journal of Intellectual Capital, 16(3), 587–618. Soetrisno, A., & Lina. (2014). The influence of intellectual capital components towards the company. Jurnal Manajemen, 14(1), 125–140. https://doi.org/10.28932/jmm.v14i1.76 Tan, H. P., Plowman, D., & Hancock, P. (2007). Intellectual capital and financial returns of companies. Journal of Intellectual Capital, 8(1), 76–95. https://doi.org/10.1108/14691930710715079 Ting, I. W. K., & Lean, H. H. (2009). Intellectual capital performance of financial institutions in Malaysia. Journal of Intellectual Capital, 10(4), 588–599. https://doi.org/10.1108/14691930910996661 Tseng, C. Y., & Goo, Y. J. J. (2005). Intellectual capital and corporate value in an emerging economy: Empirical study of Taiwanese manufacturers. R and D Management, 35(2), 187–201. https://doi.org/10.1111/j.1467-9310.2005.00382.x Ulum, I. (2013). Model pengukuran kinerja intellectual capital dengan ib-vaic di perbankan syariah. Inferensi, 7(1), 185. https://doi.org/10.18326/infsl3.v7i1.185-206 Ulum, I., Ghozali, I., & Chariri, A. (2008). Intellectual capital dan kinerja keuangan perusahaan; Suatu analisis dengan pendekatan partial least squares. SNA XI, 19(19), 23–24.
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Marcellina, Luisa Gracia, Usep Syaipudin, and Niken Kusumawardani. "Effect of intellectual capital and leverage on firm value in pharmaceutical companies listed on Indonesia Stock Exchange." Asian Journal of Economics and Business Management 1, no. 3 (2022): 304–11. http://dx.doi.org/10.53402/ajebm.v1i3.210.
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Technological advances and industrial developments have increased business competition. This forces companies to change their systems into knowledge-based businesses that will improve resource management efficiently and provide the ability to compete so as to create value for the company. Currently, people are paying more and more attention to health, so the pharmaceutical industry has great potential to attract investors to invest. This study uses intellectual capital proxied by VACA, VAHU, STVA, VAIC, and leverage proxied by DER as the independent variable, and firm value proxied by Tobin’s Q as the dependent variable. The research method uses a quantitative approach with the 2015-2021 research period. Methods of data analysis using multiple linear regression analysis. The results showed that the capital employed (VACA), human capital (VAHU), structural capital (STVA), and value-added intellectual coefficient (VAIC) hypotheses were supported or accepted, while the leverage hypothesis was rejected. The results of this research are expected to be the basis for evaluating and determining policies. In addition, information regarding research results provides a view that companies need to pay attention to intellectual capital by carrying out good management to increase company value. The results of this research are expected to be used as information for investors before investing. In this study, there are also, limitations where the research period is limited to seven years, and only use pharmaceutical companies as research objects. For further research, the authors provide suggestions in order to expand the research period, use another variable, and object research in order to obtain wider research data and provide more accurate and comprehensive information.
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Suratno, Suratno, and Elfriandi Roosna. "Intellectual Capital and Company Size of state-owned company (BUMN) and Its Impact on Company Performance." ADPEBI International Journal of Business and Social Science 3, no. 1 (2023): 27–41. http://dx.doi.org/10.54099/aijbs.v3i1.551.
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Purpose – Penelitian ini bertujuan untuk menemukan bukti empiris kondisi intellectual capital serta ukuran perusahaan BUMN Tbk Sub Sektor Industri Konstruksi Bangunan dan Pengaruhnya Terhadap Kinerja Perusahaan.
 Methodology/approach – Penelitian ini adalah penelitian kausalitas yang bertujuan untuk menguji hipotesis tentang pengaruh beberapa variable independent terhadap variable dependent dengan pendekatan kuantitatif. Populasi yang digunakan adalah perusahaan BUMN sub sektor konstruksi bangunan yang tercatat di Bursa Efek Indonesia (BEI) pada tahun 2021. Seluruh populasi menjadi sample dalam penelitian ini. Data yang diambil berupa laporan keuangan tahunan yang telah dipublikasikan pada periode tahun 2017 hingga 2021.
 Findings – Secara umum keempat BUMN Tbk Sub Sektor Industri Konstruksi Bangunan mengalami penurunan kinerja profiabilitas. Pada tahun 2020-2021 PT Waskita Karya (Persero) Tbk. telah membukukan kerugian. PT Wijaya Karya (Persero) Tbk. mencatatkan pencapaian Return on Asset (ROA) tertinggi pada peride 2017-2021. Keberadaan intellectual capital pada keseluruhan komponen yaitu value added capital employed (VACA), value added human capital (VAHU) dan structural capital value added (STVA), memberikan pengaruh yang positif dan signifikan terhadap ROA. Sedangkan ukuran perusahaan (SIZE) berpengaruh negatif dan signifikan terhadap ROA. VACA memiliki pengaruh terbesar kinerja BUMN Tbk Sub Sektor Industri Konstruksi Bangunan dibandingkan dengan variable lainnya.
 Novelty/value – Kajian empiris intellectual capital dan ukuran perusahaan pada sector perbankan sudah banyak dilakukan, namun penelitian ini berfokus pada perusahaan sub sektor industri konstruksi bangunan karena relatif sedikitnya penelitian pada sector tersebut. Obyek penelitian yang membatasi pada BUMN Tbk sub sector industry konstruksi bangunan, menjadi pembeda dari penelitian sebelumnya.
 Keywords: Intellectual capital, firm size, kinerja perusahaan, BUMN Tbk
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Hamidah, Hamidah, Dian Puspita Sari, and Umi Mardiyati. "PENGARUH INTELLECTUAL CAPITAL TERHADAP KINERJA KEUANGAN PADA BANK GO PUBLIC YANG TERDAFTAR DI BURSA EFEK INDONESIA (BEI) TAHUN 2009-2012." JRMSI - Jurnal Riset Manajemen Sains Indonesia 5, no. 2 (2014): 186–203. http://dx.doi.org/10.21009/jrmsi.005.02.1.
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The purpose of this study is to know the effect of intellectual capital on financial performance on bank go public listed on the Indonesia Stock Exchange in 2009-2012. The sampel are several bank go public. The research method in this study uses correlation study. The research model in this study employs panel data analysis with random effect approach on model 1a and fixed effect approach on model 1b. The empirical results show that intellectual capital that proxy with Value Added Capital Employed (VACA), Value Added Human Capital (VAHU) have positive significant effect on Earning per Share (EPS) but Structural Capital Value Added (STVA) has negative and no significant effect on Earning per Share (EPS). While, Value Added Capital Employed (VACA), Value Added Human Capital (VAHU) and Structural Capital Value Added (STVA) have positive significant effect on Return On Assets (ROA).
 
 
 Keywords: Intellectual Capital, Value Added Capital Employed (VACA), Value Added Human Capital (VAHU), Structural Capital Value Added (STVA), Earning per Share (EPS), Return On Assets (ROA)
 
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Kirana, Ardilla Ayu, and Ponjto Bambang Mahargiono. "MODAL INTELEKTUAL DALAM PERBANKAN MENGGUNAKAN ECONOMIC VALUE ADDED DAN MARKET VALUE ADDED." Jurnal Ilmiah Manajemen dan Bisnis (JIMBis) 1, no. 1 (2022): 99–116. http://dx.doi.org/10.24034/jimbis.v1i1.5268.
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The purpose of the study was to determine intellectual capital in banking using Economic Value Added (EVA) and Market Value Added (MVA) during the COVID-19 pandemic. Data was obtained using secondary and population data in this study using the banking sector listed on the IDX in 2019 to 2021. Data analysis used Structural Equation Modeling (SEM) with the Partial Least Square (PLS) approach using the WarpPLS application. The results showed that Value Added Capital Employed (VACA) had a positive and significant effect on Market Value Added (MVA), Value Added Human Capital (VAHU) had a positive and insignificant effect on Market Value Added (MVA), Structure Capital Value Added (STVA) positive and significant effect on Market Value Added (MVA), Value Added Capital Employed (VACA) positive and significant effect on Economic Value Added (EVA), Value Added Human Capital (VAHU) positive and significant effect on Economic Value Added (EVA), Structure Capital Value Added (STVA) has a positive and insignificant effect on Economic Value Added (EVA).
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Permatasari, Ulfi Nurindah, Isni Andriana, and Kemas Muhammad Husni Thamrin. "Faktor-Faktor yang Mempengaruhi Intellectual Capital Terhadap Kinerja Keuangan pada Perusahaan Sub Sektor Hotel, Restoran dan Pariwisata yang Terdaftar di Bursa Efek Indonesia." Al-Kharaj : Jurnal Ekonomi, Keuangan & Bisnis Syariah 6, no. 3 (2023): 2467–79. http://dx.doi.org/10.47467/alkharaj.v6i5.4731.
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This study aims to determine the factors that can affect Intellectual Capital, using the variables Value Added Human Capital (VAHU), Value Added Capital Employee (VACA) and Structural Capital Value Added (STVA). The number of samples used in the study using the purposive sampling method were 22 companies in the hotel, restaurant and tourism sub-sector that were listed on the Indonesia Stock Exchange in 2018-2022. The type of data used is secondary in the form of published financial reports, and the data is analyzed using multiple linear regression analysis. The results of this study indicate that the variables Value Added Human Capital (VAHU), Value Added Capital Employee (VACA) and Structural Capital Value Added (STVA) have a significant effect on Net Profit Margin (NPM). Keywords: Value Added Human Capital (VAHU), Value Added Capital Employee (VACA), Structural Capital Value Added (STVA), Net Profit Margin (NPM)
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Vidia Hodijah, Rena, Iwan Setiawan, and Ramadhani Irma Tripalupi. "Pengaruh Value Added Capital Employed, Value Added Human Capital, dan Structural Capital Value Added Terhadap Return On Assets (ROA) pada Bank Umum Syariah di Indonesia periode 2016-2020." ILTIZAM Journal of Shariah Economics Research 7, no. 1 (2023): 1–19. http://dx.doi.org/10.30631/iltizam.v7i1.1559.
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The purpose of this study is to determine and analyze the effect of 1)VACA to ROA 2) VAHU to ROA 3) STVA to ROA based on PSAK 19 on Islamic banks in Indonesia. The independent variables in this study are Value Added Capital Employed (VACA) (X1), Value Added Human Capital (VAHU) (X2), and and Structural Capital Value Added (STVA) (X3) and the dependent variable in this study is Return On Assets (ROA) (Y). The method in this study is a quantitative method and uses a descriptive approach. Conducted statistical tests including descriptive analysis, multiple linear analysis, classical assumption test, hypothesis testing consisting of T test and F test and determination analysis. The results in this study according to the T test or partial test stated that 1) VACA (X1) had a positive effect on ROA, 2) VAHU (X2) had a negative effect on ROA, 3) STVA (X3) had a negative effect on ROA. 4) based on the results of the analysis of the F test or simultaneous test, it is stated that VACA (X1), VAHU (X2), STVA (X3) have a positive effect on return on assets (ROA)
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Putri, Resti Amelia, Maryani Maryani, and Damayanti Damayanti. "Pengaruh Intellectual Capital Terhadap Kinerja Keuangan Perusahaan Makanan dan Minuman yang Terdaftar di Bursa Efek Indonesia." Jurnal Akuntansi, Keuangan, dan Manajemen 4, no. 4 (2023): 287–99. http://dx.doi.org/10.35912/jakman.v4i4.2348.
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Purpose: The purpose of this study is to investigate the impact of value-added capital, value-added human capital, and structural capital value-added on the financial performance of food and beverage companies listed on the Indonesia Stock Exchange. This study's variables include independent variables such as Value Added Capital Employed (VACA), Value Added Human Capital (VAHU), and Structural Capital Value Added (STVA), as well as the dependent variable Financial Performance. Method: This quantitative study employed statistical tests on secondary data. Purposive sampling was used to select the samples. This study used 16 companies as samples over a four-year research span to collect 64 sample data units. Multiple linear regression analysis was employed in this study as an analytical method. Result: The findings revealed that there was a significant effect on financial performance from Value Added Capital Employed (VACA), Value Added Human Capital (VAHU), and Structural Capital Value Added (STVA) all at the same time, with only Value Added Capital Employed (VACA) and Structural Capital Value Added (STVA) having a significant influence. Contribution: This study suggests that companies can improve their financial performance by using their intellectual resources. Companies are expected to be able to manage their intellectual capital resources better, and efficient intellectual capital management can provide value added to support companies in improving their financial performance.
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Kartika Putri, Aulia, and Erina Sudaryati. "INTELLECTUAL CAPITAL DAN ABNORMAL RETURN SAHAM." e-NARODROID 4, no. 2 (2018): 54–59. http://dx.doi.org/10.31090/narodroid.v4i2.737.
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ABSTRAK : Penelitian ini bertujuan untuk mengetahui pengaruh Intellectual Capital (IC) yang diukur menggunakan Value Added Intellectual Capital (VAIC™) yang mempunyai tiga komponen yaitu Value Capital (VACA-value added capital employed), human capital (VAHU-value added human capital), dan structural capital (STVA-structural capital value added) terhadap reaksi pasar saham yang diproksikan dengan melihat Average Abnormal Return saham pada perusahaan LQ-45. Metode yang digunakan pada penelitian yaitu analisis regresi linier berganda dengan alat anlisis SPSS 17. Teknik pengambilan sampel dengan menggunakan purposive sampling, dan berdasrkan kriteria yang telah ditentukan maka jumlah sampel sebanyak 17 sampel perusahaan LQ-45 selama tahun 2013-2015. Variabel dependen pada penelitian yaitu average abnormal return saham. Variabel independent pada penelitian yaitu tiga komponen VAIC. Hasil penelitian menunjukkan jika VACA berpengaruh terhadap average abnormal return saham dan variabel VAHU dan STVA tidak memiliki pengaruh terhadap average abnormal return saham.
 Kata Kunci : intellectual capital, return saham ,value added capital employed, value added human capital, structural capital value added
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Komang Sutriasa Triafna, Ni Nyoman Sri Rahayu Trisna Dewi, and Laras Oktaviani. "PENGARUH INTELLECTUAL CAPITAL DAN GOOD CORPORATE GOVERNANCE TERHADAP PROFITABILITAS PERUSAHAAN PERBANKAN YANG TERDAFTAR DI BEI PERIODE 2017-2019." Journal Research of Accounting 3, no. 2 (2022): 198–222. http://dx.doi.org/10.51713/jarac.v3i2.60.
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The population in this research were all banking companies listed on the Indonesia Stock Exchange for the 2017-2019 period, amounting to 43 companies. In this research, the sampling technique was carried out using a purposive sampling method, with a total sample of 28 banking companies during 2017-2019. This research uses multiple linear regression analysis. The results of this research indicate that Value Added Capital Employed (VACA) and Value Added Human Capital (VAHU) have no significant effect on company profitability. Meanwhile, Structural Capital Value Added (STVA), Board of Directors, Board of Independent Commissioners, Managerial Ownership, and Institutional Ownership have a positive and significant impact on the profitability of banking companies. Value Added Capital Employed (VACA), Value Added Human Capital (VAHU), Structural Capital Value Added (STVA), Board of Directors, Board of Independent Commissioners, Institutional Ownership, and Managerial Ownership simultaneously have a positive and significant impact on the profitability of banking companies.
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Purnomo, Listiya Ike. "PENGARUH INTELEKTUAL CAPITAL TERHADAP PROFITABILITAS PADA PERUSAHAAN INDUSTRI JASA SEKTOR PROPERTI DAN REAL ESTATE DI BURSA EFEK INDONESIA TAHUN 2011 –2015." JURNAL AKUNTANSI BERKELANJUTAN INDONESIA 1, no. 1 (2018): 83. http://dx.doi.org/10.32493/jabi.v1i1.y2018.p83-107.
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Penelitian ini bertujuan untuk mengetahui apakah Intellectual Capital diproksikan dengan Value Added Intellectual Coeffisien berpengaruh signifikan terhadap profitabilitas yang diukur dengan ROA menggunakan metode analisis Data Panel yang diolah dengan program Eviews 7.0. Value Added Capital Employed (VACA) menunjukkan t-statistik> t-tabel 0,610972 <1,97253, dan nilai probabilitasnya 0,5420> 0,05 membuktikan tidak ada pengaruh signifikan dari Value Added Capital Employed (VACA) pada Return On Assets (ROA). Nilai Tambah Modal Manusia (VAHU) menunjukkan t-statistik> t-tabel yaitu 5,324171> 1,97253, dan nilai probabilitas 0,0000 <0,05 membuktikan terdapat pengaruh signifikan Value Added Human Capital (VAHU) terhadap Return On Assets (ROA). Structural Capital Value Added (STVA) menunjukkan t-statistik> t-tabel adalah 2,559279> 1,97253, dan nilai probabilitas 0,0113 <0,05membuktikan bahwa ada pengaruh signifikan dari Structural Capital Value Added (STVA) terhadap Return On Assets (ROA) . Nilai Tambah Intelektual Koefisien (VAIC) menunjukkan t-statistik> t-tabel yaitu 20,21010> 1,97253, dan nilai probabilitas 0,0000 <0,05 membuktikan ada pengaruh signifikan Value Added Intellectual Coefficient (VAIC) terhadap Return On Assets (ROA) . Hasil uji simultan menunjukkan F-statistic> F-tabel adalah 59,13104> 2,42 dan nilai probabilitas 0,000000 <0,05 membuktikkan bersama-sama elemen Intellectual Capital memiliki pengaruh yang signifikan terhadap Return On Assets (ROA). Adjusted R-Squared (R2) sebesar 0,558249 menunjukkan bahwa persentase kontribusi variabel independen terhadap variabel dependen adalah 55,8%. Berdasarkan hasil pengujian dan pembahasan, dapat disimpulkan bahwa Intellectual Capital (IC) yang diukur dengan Value Added Capital Employed (VACA), Value Added Human Capital (VAHU), Structural Capital Value Added (STVA) dan Value Added Intellectual Capital (VAIC) Memiliki pengaruh yang signifikan terhadap profitabilitas yang diukur dengan Return On Assets (ROA).
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Fadhillah, Muhammad Haris, and Shofia Zahra. "Pengaruh Intellectual Capital terhadap Return on Assets pada Bank Umum Syariah (BUS) di Indonesia Periode 2017 - 2023." Eco-Iqtishodi : Jurnal Ilmiah Ekonomi dan Keuangan Syariah 6, no. 2 (2025): 209–18. https://doi.org/10.32670/ecoiqtishodi.v6i2.4996.
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Penelitian bertujuan untuk mengetahui pengaruh intellectual capital yang terdiri dari value added capital employed (VACA), value added human capital (VAHU), dan structural capital value added (STVA) terhadap return on assets (ROA) pada Bank Umum Syariah (BUS) di Indonesia periode 2017-2023. Alat analisis yang digunakan yaitu regresi data panel dengan data sekunder dari pengumpulan laporan keuangan bank umum syariah yang terdiri dari 8 BUS yang terdaftar di OJK dengan beberapa kriteria tertentu. Hasil penelitian menunjukkan bahwa terdapat pengaruh yang signifikan antara VACA dan VAHU terhadap ROA, sedangkan STVA tidak berpengaruh terhadap ROA.
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Puspita, Gita, and Tri Wahyudi. "Modal Intelektual (Intellectual Capital) dan Nilai Perusahaan Pada Industri Manufaktur." Owner 5, no. 2 (2021): 295–306. http://dx.doi.org/10.33395/owner.v5i2.471.
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Information about company value and intellectual capital is important information to be known by investors. This research aimed to find out the influence of intellectual capital against the value of the company's of manufacturing companies listed on the Indonesia stock exchange year 2014 – 2017. This type of research is quantitative research. This population includes all manufacturing companies listed on the Indonesia stock exchange and obtained samples of as many as 17 companies. Based on the results of research, partially Value Added Capital Employed (VACA) and Value Added Intellectual Coefficient (VAIC) have an effect on company value (Tobin's Q). Value Added Human Capital (VAHU) and Value Added Structural Capital (STVA) have no effect on company value (Tobin's Q). Based on the suitability test of Value Added Capital Employed (VACA) models, Value Added Human Capital (VAHU), Value Added Structural Capital (STVA), and Intellectual Capital were proxied by Value Added Intellectual Coefficient (VAIC) simultaneously has an effect on Company Value (Tobin's Q). From the result of this research, investors in order to make intellectual capital as a consideration before making investment decisions because better company value will show better growth prospects so as to provide prosperity for investors and shareholders.
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Sutisna, Entis, Fahrudin Pasolo, Entar Sutisman, and Lina Mariana. "The Effect of Intellectual Capital on Financial Company: Empirical Study from Indonesia." Daengku: Journal of Humanities and Social Sciences Innovation 3, no. 1 (2023): 139–55. http://dx.doi.org/10.35877/454ri.daengku1347.
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This study examines: 1) The Effect of Value-Added Capital Employed (VACA) on Financial Performance. 2) Effect of value-added human capital (VAHU) on financial performance 3) Effect of Structural Capital Value Added (STVA) on Financial Performance. The population of this study is manufacturing companies listed on the Indonesia Stock Exchange from 2018 to 2022. The number of companies studied was 41. The sampling technique used was purposive. The type of sample is obtained based on predetermined criteria. The data used is quantitative data obtained in the form of numbers that can be calculated by accessing the IDX.co.id site and the official website of each company. The data analysis technique used is multiple regression analysis. The study results show that: 1) Value Added Capital Employed (VACA) positively and significantly affects financial performance. 2) Value-added human capital (VAHU) has a positive and insignificant effect on financial performance. 3) Structural Capital Value Added (STVA) positively and significantly affects financial performance.
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Ratnadi, Cening Ayuni, Gusti Ayu Mahanavami, and Ida Bagus Ngurah Wimpascima. "INTELLECTUAL CAPITAL PENGARUHNYA TERHADAP RETURN ON ASSETS (ROA) PADA PERUSAHAAN SUB SEKTOR OTOMOTIF DAN KOMPONEN DI BURSA EFEK INDONESIA." Warmadewa Management and Business Journal (WMBJ) 3, no. 2 (2021): 60–68. http://dx.doi.org/10.22225/wmbj.3.2.2021.60-68.
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Perbaikan dan perubahan di bidang bisnis menjadikan perusahaan percaya bahwa modal intelektual menjadi komponen dan aset penting dalam mengukur dan mengevaluasi kinerja di antara sektor bisnis. Penelitian ini bertujuan untuk menguji pengaruh komponen Intellectual Capital yaitu Value Added Capital Employed (VACA), Value Added Human Capital (VAHU) dan Structural Capital Value added (STVA) terhadap Return On Assets (ROA) pada perusahaan sub sektor otomotif dan komponen di Bursa Efek Indonesia. Teknik pengambilan sampel menggunakan purposive sampling dengan jumlah sampel sebanyak 5 perusahaan sub sektor otomotif dan komponen. Data yang digunakan adalah laporan keuangan periode tahun 2015 – 2019 yang dipublikasikan di website resmi perusahaan. Hasil penelitian menunjukkan bahwa Value Added Capital Employed (VACA) berpengaruh positif siginifikan terhadap Return On Assets (ROA) Pada Perusahaan Sub Sektor Otomotif Dan Komponen, Value Added Human Capital (VAHU) mempunyai pengaruh negatif dan tidak signifikan terhadap Return On Assets (ROA) Pada Perusahaan Sub Sektor Otomotif Dan Komponen dan Structural Capital Value Added (STVA) berpengaruh positif namun tidak signifikan terhadap Return On Assets (ROA) Pada Perusahaan Sub Sektor Otomotif Dan Komponen.
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Sundarta, Muhammad Imam, Rahmat Mulyana Dali, and Vini Indrawati. "Analisis Intellectual Capital untuk Mengukur Nilai Perusahaan pada PT BERKAT ANUGERAH MELIMPAH." Neraca Keuangan : Jurnal Ilmiah Akuntansi dan Keuangan 15, no. 1 (2020): 70. http://dx.doi.org/10.32832/neraca.v15i1.3334.
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Penelitian ini bertujuan untuk mengetahui pengaruh intellectual capital terhadap nilai perusahaan yang diukur menggunakan metode VAICTM (value added intellectual capital). penelitian ini merupakan penelitian kuantitatif. penelitian ini menggunakan data sekunder berupa laporan keuangan. Populasi oenelitian ini adalah perusahaan PT BERKAT ANUGERAH MELIMPAH pada tahun 2014-2016. Tujuan dari penelitian ini adalah untuk mengetahui bahwa variabel (VACA – value added capital employed), human capital (VAHU – value added human capital), structural capital (STVA – structural capital value added) berpengaruh signifikan terhadap nilai perusahaan.
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Extevanus, Leonaldo, and Habiburahman Habiburahman. "Pengaruh Intellectual Capital Terhadap Kinerja Keuangan Pada Perusahaan Manufaktur Sub Sektor Food And Beverage Yang Terdaftar di Bursa Efek Indonesia Tahun 2019-2022." Journal of Information System, Applied, Management, Accounting and Research 8, no. 1 (2024): 187. http://dx.doi.org/10.52362/jisamar.v8i1.1440.
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This research aims to determine the influence of Value added Capital employed (VACA), Value added Human capital (VAHU) and Structural capital Value added (STVA) together on the Financial Performance of Manufacturing Companies in the Food and Beverage Sub Sector listed on the Indonesia Stock Exchange for the period 2019-2022. The data source in this research is secondary data, namely the annual financial reports (Annual Report) of food and beverage companies listed on the Indonesia Stock Exchange which report their finances for 2019-2022. This analysis uses calculations through statistical methods. Based on its type, this research uses a quantitative method approach with panel data analysis tools. Based on the population and sample, this research focuses on manufacturing companies in the food and beverage sector listed on the Indonesia Stock Exchange during the period 2017 to 2020, namely 12 companies. Value added capital employed (VACA), value added human capital (VAHU) and structural capital value added (STVA) together influence the return on assets of manufacturing companies in the food and beverage sub-sector listed on the IDX for the 2019-2022 period.
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Aji, R. Achmad Drajat, and Ajeng Andriani Hapsari. "PENGARUH MODAL INTELEKTUAL TERHADAP EARNING PER SHARE PADA INDUSTRI DASAR DAN KIMIA PERIODE 2012-2016." BISMA 12, no. 3 (2018): 313. http://dx.doi.org/10.19184/bisma.v12i3.9001.
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Abstract: This research aims to examine the effect of intellectual capital onEarning Per Share (EPS) especially on the company operating in the basic andchemical industries. This study used purposive sampling method to collectsecondary data sourced from Indonesia Stock Exchange (IDX) in the period of2012-2016. The population was all companies operating in basic and chemicalindustries that listed in IDX for the period of 2012-2016, with the sample consistedof 58 companies. Data were analyzed by multiple linear regression. The resultsshowed that Value Added Capital Employed (VACA) had a significant effect onEPS, meaning that the proper use of the capital would increase company valuethat would finally increase its EPS. Value Added Human Capital (VAHU) also hada significant effect on EPS, meaning that the company’s good human resourcesmanagement would create added value to increase profit that would ultimatelyincrease EPS. However, Structural Capital Value Added (STVA) had no significanteffect on EPS, meaning that the company had not achieved competitive advantagedue to less optimal management of structural capital and EPS.Keywords: Intellectual Capital, VAHU, STVA, VACA, and EPS.Abstrak: Penelitian ini bertujuan untuk menguji pengaruh dari modal intelektualterhadap Earning Per Share (EPS). khususnya pada perusahaan yang bergerakdalam industri dasar dan kimia. Data sekunder bersumber dari Bursa EfekIndonesia (BEI) yang diambil berdasarkan teknik purposive sampling. Sampelpenelitian terdiri dari 58 perusahaan yang bergerak dalam industri dasar dan kimiayang terdaftar di BEI periode 2012-2016. Metode analisis data yang digunakanadalah regresi linear berganda. Hasil penelitian menunjukkan adanya pengaruhsignifikan Value Added Capital Employed (VACA) terhadap EPS yang berartibahwa penggunaan modal secara tepat akan menaikan nilai perusahaan untukmeningkatkan nilai keuntungan per lembar sahamnya. Value Added HumanCapital (VAHU) mempengaruhi EPS, yang mengindikasikan bahwa pengelolaansumber daya perusahaan yang baik berdampak pada terciptanya nilai tambah bagiperusahaan untuk meningkatkan laba yang nantinya mampu menambah jumlahEPS. Namun, variabel Structural Capital Value Added (STVA) tidak berpengaruhterhadap EPS yang mengindikasikan bahwa keunggulan bersaing perusahaanbelum dapat tercapai karena pengelolaan structural capital dan EPS yang belumoptimal.Kata Kunci: Modal Intelektual, VAHU, STVA, VACA, dan EPS.
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Putri, Chatarina Setyani Aswojo, and Nurfauziah Nurfauziah. "Pengaruh Intellectual Capital, Rate of Growth of Intellectual Capital dan Pengungkapannya terhadap Kinerja Keuangan Perusahaan." INOBIS: Jurnal Inovasi Bisnis dan Manajemen Indonesia 2, no. 4 (2019): 486–504. http://dx.doi.org/10.31842/jurnal-inobis.v2i4.107.
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Penelitian ini bertujuan untuk menguji pengaruh intellectual capital, rate of growth of intellectual capital (ROGIC) dan pengungkapannya terhadap kinerja keuangan perusahaan yang diproksikan dengan return on asset (ROA). Metode yang digunakan untuk mengukur intellectual capital yaitu value added intellectual coefficient (VAIC™). Penelitian ini juga menguji pengaruh dari ketiga komponen intellectual capital (VAIC) yaitu physical capital (value added capital employed – VACA), human capital (value added human capital – VAHU) dan structural capital (value added structural capital – STVA) terhadap kinerja keuangan perusahaan. Penentuan sampel dilakukan menggunakan metode purposive sampling dan diperoleh sampel sebanyak 250 perusahaan jasa yang terdaftar di Bursa Efek Indonesia periode 2013-2017. Teknik analisis data dalam penelitian ini menggunakan analisis regresi berganda dan uji t. Hasil penelitian menunjukkan bahwa intellectual capital (VAIC), VACA dan VAHU berpengaruh positif dan signifikan terhadap kinerja keuangan perusahaan. Sedangkan STVA berpengaruh negatif dan signifikan terhadap kinerja keuangan perusahaan. Serta ROGIC dan ICD tidak berpengaruh terhadap kinerja keuangan perusahaan.
 
 Kata Kunci : Intellectual Capital (VAIC), Return on Asset (ROA).
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Harahap, Aderina K., Ida Ayu Pangestu, Rina Milyati, Vitratin, and Yuliana. "Pengaruh Literasi Keuangan Dan Sikap Keuangan Terhadap Prilaku Manajemen Keuangan Pelaku UMKM Keripik Pisang Di Kota Bandar Lampung." Jurnal Riset Akuntansi dan Manajemen Malahayati (JRAMM) 13, no. 2 (2024): 158–66. https://doi.org/10.33024/jur.jeram.v13i2.16396.
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Tujuan penelitian ini adalah untuk mengetahui pengaruh Diversitas Kebangsaan, Intellectual Capital terhadap Nilai Perusahaan di moderasi Profitabilitas pada perusahaan yang terdaftar di LQ 45 di bursa efek indonesia periode 2014-2016 .Variabel independen dalam penelitian ini Dewan direksi asing, Dewan Komisaris Asing, CEO atau CFO Asing, Value Added Capital Employed (VACA), Value Added Human Capital (VAHU), Structural Capital Value Added (STVA),variabel dependen dalam penelitian ini Nilai Perusahaan, Teknik analisis data yang digunakan dalam penelitian ini adalah analisis Regresi Berganda. Hasil penelitian ini menunjukan Dewan Komisaris Asing berpengaruh positif terhadap Nilai Perusahaan, Dewan Direksi Asing berpengaruh positif terhadap Nilai Perusahaan, CEO & CFO Asing berpengaruh positif terhadap Nilai Perusahaan, VACA berpengaruh positif terhadap Nilai Perusahaan, VAHU berpengaruh positif terhadap Nilai Perusahaan, STVA berpengaruh positif terhadap Nilai Perusahaan, Dewan Komisaris Asing, Dewan Direksi Asing, CEO & CFO Asing, VACA, VAHU, STVA secara simultan berpengaruh positif terhadap Terhadap Nilai Perusahaan
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Badri, Rico Elhando. "Modal Intelektual dan Pengaruhnya terhadap Kinerja Keuangan (Studi Empiris pada Perusahaan Subsektor Food and Beverage di Bursa Efek Indonesia)." Kompeten: Jurnal Ilmiah Ekonomi dan Bisnis 2, no. 6 (2024): 834–42. http://dx.doi.org/10.57141/kompeten.v2i6.125.
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Tujuan dari penelitian ini adalah untuk menilai dampak gabungan dari Value Added Capital Employed (VACA), Value Added Human Capital (VAHU), dan Structural Capital Value Added (STVA) terhadap kinerja keuangan perusahaan manufaktur subsektor makanan dan minuman yang terdaftar di Bursa Efek Indonesia. Data yang digunakan dalam penelitian ini berasal dari sumber sekunder, yaitu laporan keuangan tahunan perusahaan tahun 2019-2022. Penelitian ini menggunakan metode kuantitatif dengan analisis data panel. Sampel terdiri dari 12 perusahaan menggunakan puposive sampling. Dampak gabungan dari Value Added Capital Employed (VACA), Value Added Human Capital (VAHU), dan Structural Capital Value Added (STVA) berpengaruh terhadap kinerja perusahaan sub sektor makanan dan minuman yang terdaftar di BEI. Temuan dari studi ini menunjukkan bahwa tidak hanya modal keuangan, tetapi juga modal manusia dan modal struktural memiliki peran penting dalam menentukan kinerja keuangan perusahaan dalam subsektor tersebut. Implikasi dari temuan ini adalah bahwa perusahaan di subsektor makanan dan minuman di Indonesia harus memperhatikan tidak hanya aspek keuangan mereka, tetapi juga investasi dalam modal manusia dan modal struktural. Ini berarti bahwa pengelolaan sumber daya manusia dan pengembangan modal intelektual dan struktural dapat menjadi faktor kunci untuk meningkatkan kinerja keuangan perusahaan dalam jangka panjang.
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Wardoyo, Dwi Urip, Amalia Cahya Rini, and Ade Amara Dini. "PENGARUH INTELLECTUAL CAPITAL TERHADAP RETURN ON ASSETS." Jurnal Akuntansi dan Keuangan 27, no. 1 (2022): 1–10. http://dx.doi.org/10.23960/jak.v27i1.350.
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Return on Assets is one of the indicators that can be used to measure how effectively a company utilizes its assets to generate profits and achieve competitive advantage in its performance. The Resources-Based Theory explains that the use of resources effectively and efficiently can be a competitive advantage for a company. Intellectual capital is a resource in the form of intangible assets that are believed to be able to create added value for an entity through the Value Added Intellectual Capital (VAIC™) method. Therefore, this study aims to determine the effect of Intellectual Capital as proxy for Value Added Capital Employed (VACA), Value Added Human Capital (VAHU), and Structural Capital Value Added (STVA) on Return on Assets (ROA). This research is in the form of quantitative research using descriptive statistical analysis methods and panel data regression analysis with secondary data sources and samples from mining sector companies listed on the Indonesia Stock Exchange for the 2017-2020 period. The results showed that simultaneously VACA, VAHU and STVA had a significant effect on ROA. However, partially VACA showed a significant negative effect on ROA, VAHU had a significant positive effect on ROA, and STVA did not have a significant effect on ROA.
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Kurniawan, Fajar Dysna, and Siti Zulaikha. "DETERMINAN KINERJA KEUANGAN BANK SYARIAH DI INDONESIA: PERSPEKTIF INTELLECTUAL CAPITAL DAN PENGUNGKAPAN." Jurnal Ekonomi Syariah Teori dan Terapan 7, no. 10 (2020): 1929. http://dx.doi.org/10.20473/vol7iss202010pp1929-1943.
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ABSTRAKIntellectual Capital diakui oleh para ahli sebagai intangible asset yang mampu menciptakan nilai tambah dan meningkatkan daya saing bagi suatu korporasi. Tujuan dari penilitian ini adalah untuk menganalisi pengaruh atau hubungna anatara intellectual Capital (IC) dan ntellectual capital disclousre (ICD) terhadap kinerja keuangan perbankan syariah di Indonesia. Dengan model pengukuiran IC menggunakan model iB-VAIC (islamic bank-valuie added intellectual capital) dengan komponen (1) iB-VACA (Vallue Added Capital Employed), (2) iB-VAHU (Vallue Added Human Capital ) dan (3) iB-STVA ( Structure Capital Vallue Added) . Proksi pengukuran kinerja keuangan menggunakan ROA (Return On Asset) dan ROE (Return On Equity). Sampel dalam penelitian ini 10 Bank Umum Syariah , dengan menggunakan teknik purposive sampling dengan kriteria tertentu untuk mengambil sampel Bank Umum Syariah yang akan dteliti. Metode analisis menggunakan regresi data panel. Hasil penelitian ini dengan menggunakan empat model regresi menunjukkan hasil bahwa : (1) IC dengan model iB-VAIC berpnegaruh postif signifikan dengan ROA dan ROE. (2) Komponen IC iB-VACA,iB-VAHU dan iB-STVA berpengaruh positif signifikan dengan ROA dan ROE.(3) Sedangkan pengungkapan modal intelektual atau ICD menunjukkan hasil yang tidak signifikan terhadap ROA dan ROE. Kata kunci : Kinerja Keuangan, iB-VAIC (islamic bank - valuie added intellectual capital), iB-VACA (Vallue Added Capital Employed), iB-VAHU (Vallue Added Human Capital ) dan iB-STVA ( Structure Capital Vallue Added ABSTRACTIntellectual Capital recognized by experts as intangible assets capable of creating added value and increasing competitiveness for a corporation. The purpose of this research is to analyze the influence or relationship between intellectual capital (IC) and intellectual capital disclosure (ICD) on the financial performance of Islamic banking in Indonesia. The IC engraving model uses the modeliB-VAIC (Islamic bank-value added intellectual capital) with components (1) iB-VACA (Vallue Added Capital Employed), (2) iB-VAHU (Vallue Added Human Capital) and (3) iB-STVA (Structure Capital Vallue Added). Proxies for measuring financial performance use ROA (Return On Assets) and ROE (Return On Equity). The samples in this study were 10 Sharia Commercial Banks, using purposive sampling techniques with certain criteria to take samples of Sharia Commercial Banks to be studied. The method of analysis uses panel data regression. The results of this study using four regression models showed the results that: (1) IC with a model that has a significant positive effect on ROA and ROE. (2) The IC component iB-VAICiB-VACA,iB-VAHU dan iB-STVA has a significant positive effect on ROA and ROE (3) While the disclosure of intellectual capital or ICD shows insignificant results on ROA and ROE.Keywords: Financial Performance, iB-VAIC (Islamic bank - value added intellectual capital), iB-VACA (Vallue Added Capital Employed), iB-VAHU (Vallue Added Human Capital) and iB-STVA (Structure Capital Value Added)
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Martini, Rita, Sulaiman Sulaiman, Maria Maria, Kartika Rachma Sari, Lambok Vera Riama Pangaribuan, and Hanina Sari. "Return on Investment in Mining Companies: Intellectual Capital Aspect." JURNAL TERAPAN MANAJEMEN DAN BISNIS 4, no. 1 (2018): 87. http://dx.doi.org/10.26737/jtmb.v4i1.664.
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<p>This research to know the relationship between intellectual capital and financial performance as measured by return on investment (ROI) using financial statement data for the period 2012-2016 from mining companies listed in the Indonesia Stock Exchange (IDX). The measurement model Intellectual Capital use Pulic’s model with Value Added Intellectual Coefficient, which are a component of Value Added Capital Employed (VACA), Value Added Human Capital (VAHU) and Structural Capital Value Added (STVA). The analysis used was multiple linear regression. The results of the hypothesis test showed that VACA, VAHU and STVA together significantly effect to ROI. The results showed, STVA and VACA significant effect to ROI, while variable VAHU no significant impact to ROI because it being economic downturn that led to the mining business become lethargic. Further research can add a number of samples or a longer period because the result of this research is limited only 6mining companies into the samples, so that future studies can provide a more perfect. Suggested to reexamine variables during stable economic condition to prove the possibility result which different with this research.</p>
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Albar, Saskia, Masnawaty Sangkala, and Azwar Anwar. "Pengaruh Komponen Intellectual Capital terhadap Profitabilitas Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia." Indo-Fintech Intellectuals: Journal of Economics and Business 4, no. 3 (2024): 1299–307. http://dx.doi.org/10.54373/ifijeb.v4i3.1563.
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This research aims to determine the influence of intellectual capital components on the profitability of manufacturing companies listed on the Indonesian stock exchange. The population in this study are all cement sub-sector manufacturing companies listed on the Indonesian stock exchange. The sampling technique used was purposive sampling technique. Data collection was carried out using descriptive statistical tests and multiple linear regression analysis. The results of the analysis show that there is a positive and significant influence between Value Added Capital Employed (VACA) on the profitability of manufacturing companies listed on the Indonesia stock exchange for the 2018-2022 period. There is a positive and significant influence between Value Added Human Capital (VAHU) on the profitability of manufacturing companies listed on the Indonesia stock exchange for the 2018-2022 period. There is no positive and significant influence between Structural Capital Value Added (STVA) on the profitability of manufacturing companies listed on the Indonesia stock exchange for the 2018-2022 period. There is a positive and significant influence between Value Added Capital Employed (VACA), Value Added Human Capital (VAHU), and Structural Capital Value Added (STVA) simultaneously on the profitability of manufacturing companies listed on the Indonesia stock exchange for the 2018-2022 period.
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Sahara, Ahmad, Marlina Widiyanti, Mu'izzuddin Mu'izzuddin, and Mukhtaruddin Mukhtaruddin. "The Influence Of Intellectual Capital On Financial Performance In The Banking Sector Listed On The Indonesia Stock Exchange." Journal of Social Science (JoSS) 3, no. 10 (2024): 1836–44. http://dx.doi.org/10.57185/joss.v3i10.376.
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This study aims to analyze the influence of intellectual capital on financial performance in the banking sector listed on the Indonesia Stock Exchange (IDX), with Return on Assets (ROA) as the leading indicator. Intellectual capital is measured using Value Added Intellectual Coefficient (VAIC), which consists of three components: Value Added Capital Employed (VACA), Value Added Human Capital (VAHU), and Structural Capital Value Added (STVA). The quantitative method is used with secondary data from the annual financial statements of banking companies for the period 2018–2022. The sample consisted of 15 banks selected through the purposive sampling technique. The results of the regression analysis show that VACA, VAHU, and STVA have a significant and positive influence on ROA, which shows that investment in intellectual capital plays a vital role in improving bank profitability. These findings have implications that banks can prioritize human and structural capital development to enhance financial performance. The recommendations of this study include further exploration of the long-term impact of intellectual capital on various economic conditions.
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Suryanto, Suryanto. "KAJIAN EMPIRIS : PENGARUH MODAL INTELEKTUAL TERHADAP PERTUMBUHAN PERUSAHAAN DI INDONESIA." Transparansi Jurnal Ilmiah Ilmu Administrasi 9, no. 1 (2018): 1–11. http://dx.doi.org/10.31334/trans.v9i1.82.
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This study aims to examine the influence of intellectual capital (IC) on corporate growth. This study examined the relationship between the three components of intellectual capital, namely Value Added Human Capital (VAHU), Structural Capital Value Added (STVA), and Value Added Capital Employeed (VACA) with the company growth proxied with growth sales growth. The data used are the financial statements of Fast Moving Consumer Goods sector companies in Indonesia Stock Exchange period 2011-2014. This research uses quantitative approach with verifikatif research type. The sample of the research is all companies in the sector of Fast Moving Consumer Goods which amounted to 18 issuers. Data analysis tool in this research using multiple regression analysis. The results showed that simultaneously VAHU, STVA, and VACA had a significant positive effect on company growth. Meanwhile, VAHU and VACA partially have no effect on company growth. However, STVA affects the company's growth. This study proves that the dimension of intellectual capital affecting company growth is only STVA.
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Virgandhie, Adryan, Herlianti Rizkia, Arief Rijanto, and Retno Yuliati. "Pengaruh Modal Intelektual terhadap Kinerja Perusahaan pada Perusahaan yang Terdaftar di Bursa Efek Indonesia." Jurnal Ekonomi, Manajemen dan Perbankan (Journal of Economics, Management and Banking) 3, no. 2 (2021): 67. http://dx.doi.org/10.35384/jemp.v3i2.203.
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Penelitian ini bertujuan untuk menguji pengaruh modal intelektual terhadap kinerja perusahaan yang ber-dasarkan pada kinerja pasar yang diukur dengan Tobin’s Q. Penelitian terdahulu yang menghubungkan modal intelektual dan Tobin’s Q masih terbatas di Indonesia. Pada penelitian ini Intellectual Capital (IC) diukur dengan VAIC (Value Added Intellectual Capital) yang memiliki tiga komponen yaitu VACA (Value Added Capital Employed), VAHU (Value Added Human Capital), dan STVA (Structural Capital Value Added). Penelitian ini menggunakan sampel perusahaan non keuangan sejumlah 220 perusahaan yang terdaftar di BEI selama periode tahun 2012-2016. Hasil penelitian menunjukan bahwa VAIC dan komponen IC berupa VACA dan VAHU berpengaruh positif terhadap kinerja perusahaan, sementara kom-ponen IC lainnya berupa STVA berpengaruh negatif terhadap kinerja perusahaan. Temuan ini dapat men-jadi masukan yang berguna bagi manajemen untuk dapat mengelola modal intelektual yang dimiliki dengan efektif dan efisien agar perusahaan mampu menciptakan keunggulan kompetitif secara berkelanju-tan. Selanjutnya, pemangku kepentingan dapat melihat kualitas dari proses perusahaan dalam menciptakan nilai tambah dan keunggulan berkompetitif.
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Rika Yuniarti, Ade Imam Muslim, and Arnadi Chairunnas. "PENGARUH VALUE ADDED CAPITAL EMPLOYED (VACA), VALUE ADDED HUMAN CAPITAL (VAHU), STRUCTURAL CAPITAL VALUE ADDED (STVA) TERHADAP PBV PADA PERUSAHAAN PERKEBUNAN YANG TERDAFTAR DI BURSA EFEK INDONESIA." Jurnal Riset Akuntansi Aksioma 23, no. 2 (2024): 333–44. https://doi.org/10.29303/aksioma.v23i2.445.
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Kemajuan teknologi dan informasi menyebabkan perkembangan ekonomi saat ini dikendalikan oleh informasi dan pengetahuan, hal ini membawa peningkatan perhatian pada modal intelektual . Adapun tujuan penelitian ini untuk mengetahui dan menganalisis pengaruh VACA, VAHU, dan STVA terhadap nilai perusahaan (PBV). Jenis data yang digunakan adalah data sekunder dari laporan keuangan perusahaan perkebunan di Bursa Efek Indonesia tahun 2011-2020. Sampel penelitian diperoleh 7 perusahaan dengan 10 tahun pengamatan (2011-2020), sehingga diperoleh jumlah data sebesar 70 data (7 x 10 tahun). Teknik pengumpulan data menggunakan studi pustaka dan studi dokumentasi. Teknik pengolahan data menggunakan statistik deskriptif. Hasil analisis uji t untuk variabel VAHU diperoleh nilai thitung sebesar 0,230 > ttabel (0,197) dengan nilai probabilitas sebesar 0,819 < 0,05 maka H 1 diterima. Dari hasil analisis nilai R Square sebesar 0,038 berarti variabilitas variabel independen dapat dijelaskan oleh variabel independen sebesar 38 %.
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Kamaruddin, Siti Fatimah, Mursalim Mursalim, and Hamzah Ahmad. "Pengaruh Intelektual Capital Terhadap Nilai pada Perusahaan Propoerti dan Real Estate yang Terdaftar di Bursa Efek Indonesia." PARADOKS : Jurnal Ilmu Ekonomi 4, no. 3 (2021): 717–29. http://dx.doi.org/10.33096/paradoks.v4i3.1000.
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Penelitian ini bertujuan untuk menganalisis pengaruh parsial Value Added Capital Employed (VACA), Value Added Human Capital (VAHU), Structural Capital Value Added (STVA) Terhadap Nilai Perusahaan. Penelitian ini berjenis penelitian kuantitatif. Objek Penelitian yaitu Perusahaan Property dan Real Estate yang terdaftar di Bursa Efek Indonesia (BEI) periode 2015 hingga 2019. Populasi dalam penelitian ini yaitu 46 perusahaan sementara sampel penelitian sebanyak 18 perusahaan yang memenuhi kriteria dengan menggunakan metode purposive sampling. Teknik analalis data yaitu menggunakan teknik statistik deskriptif dan Regresi linear Berganda berbantuan SPSS 25.0. Hasil penelitian menunjukkan bahwa secara parsial Value Added Capital Employed (VACA), memiliki pengaruh Positif dan signifikan terhadap Nilai Perusahaan (PBV) pada perusahaan Properti dan Real Estate yang terdaftar di Bursa Efek Indonesia (BEI).
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Siregar, Erwin Saputra, Mellya Embun Baining, and Oktavia Sri Wardani. "Intellectual Capital Analysis in Improving Profitability of Islamic Banking in Indonesia." Al-Masharif: Jurnal Ilmu Ekonomi dan Keislaman 10, no. 1 (2022): 17–37. http://dx.doi.org/10.24952/masharif.v10i1.5732.
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This research aims to test intellectual capital improvingthe profitability of Islamic banking in Indonesia from 2015 to 2019. The dependent variable in the study was the profitability of Islamic banking, consisting of Return on Asset (ROA). In contrast, the independent variable in the study was Intellectual Capital (VAIC), consisting ofValueAdded Capital Employed (VACA), Value Added Human Capital (VAHU), and Structural Capital Value Added (STVA). This research emphasizes the importance of intellectual capital disclosure in financial statements to improve financial performance. The data used is Islamic bank data registered with the Financial Services Authorityfrom 2015to 2019. Intellectual Capital's measurement model uses Pulic Models, namely VAIC, VACA, STVA, and VAHU. Data is analyzed descriptively quantitatively with multiple linear regression analysis tools. The results showed thatVACA and STVA positively affect ROA in Islamic banks in Indonesia, and VAIC and VAHU have a significant adverse effect on ROA in Indonesia.
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Sariningsih, Sariningsih, and Noven Iriyadi Ibrahim Iriyadi Ibrahim. "Diversitas Kebangsaan Board Of Director, Intellectual Capital Dan Nilai Perusahaan." Jurnal Riset Akuntansi dan Manajemen Malahayati 9, no. 2 (2021): 79–88. http://dx.doi.org/10.33024/jrm.v9i2.4320.
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Tujuan penelitian ini adalah untuk mengetahui pengaruh Diversitas Kebangsaan, Intellectual Capitalterhadap Nilai Perusahaan di moderasi Profitabilitas pada perusahaan yang terdaftar di LQ 45 di bursaefek indonesia periode 2014-2016 .Variabel independen dalam penelitian ini Dewan direksi asing,Dewan Komisaris Asing, CEO atau CFO Asing, Value Added Capital Employed (VACA), ValueAdded Human Capital (VAHU), Structural Capital Value Added (STVA),variabel dependen dalampenelitian ini Nilai Perusahaan, Teknik analisis data yang digunakan dalam penelitian ini adalahanalisis Regresi Berganda. Hasil penelitian ini menunjukan Dewan Komisaris Asing berpengaruhpositif terhadap Nilai Perusahaan, Dewan Direksi Asing berpengaruh positif terhadap NilaiPerusahaan, CEO & CFO Asing berpengaruh positif terhadap Nilai Perusahaan, VACA berpengaruhpositif terhadap Nilai Perusahaan, VAHU berpengaruh positif terhadap Nilai Perusahaan, STVAberpengaruh positif terhadap Nilai Perusahaan, Dewan Komisaris Asing, Dewan Direksi Asing, CEO& CFO Asing, VACA, VAHU, STVA secara simultan berpengaruh positif terhadap Terhadap NilaiPerusahaanKeywords: Diversitas Kebangsaan Board Of Director, Intellectual Capital Dan Nilai Perusahaan
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Yulianto, Yulianto, and Lindawati Lindawati. "“PENGARUH INTELLECTUAL CAPITAL TERHADAP KINERJA KEUANGAN PERUSAHAAN YANG TERGABUNG DALAM JAKARTA ISLAMIC INDEX”." JURNAL SeMaRaK 3, no. 3 (2020): 29. http://dx.doi.org/10.32493/smk.v3i3.7098.
Full textAbstract:
Riset kami bertujuan dalam rangka mengetahui hubungan diantara modal manusia (human capital value added), modal fisik (capital employed value added), modal struktural (structural value added) terhadap kinerja keuangan (ROE) di entitas industri yang terindeks dalam kelompok Jakarta Islamic index pada Indonesia stock exchange untuk masa amatan periode 2016-2018. Riset ini bersifat riset kuantitatif yang mengkombinasikan diantara data times series dan data cross section dalam bentuk data panel. Berdasarkan pada perhitungan pemilihan model regresi, model yang terpilih adalah model tetap (fixed effect model). Hasil regresi secara bersama-sama diketahui bahwa VAHU, VACA, STVA berpengaruh secara signifikan mempengaruhi financial performance. Berdasarkan hasil analisis secara individu diperoleh bahwa modal manusia (VAHC) tidak mempengaruhi financial performance, modal fisik (VACA) memiliki pengaruh positif signifikan mempengaruhi financial performance dan modal struktural (STVA) memiliki bepengaruh positif signifikan terhadap financial performance. Variasi hubungan dari ketiga variabel bebas dapat dijelaskan pada nilai adjusted R-squared yang bernilai 0,97 atau 97% hubungan financial performance ditentukan oleh VAHC, VACA, STVA sementara selisihnya sebesar 3% ditentukan akibat ada variable lainnya di luar pemodelan riset ini. Kata kunci : Human Capital (VAHC), Physical Capital (VACA), Structural Capital (STVA), Financial Performance