The Impact of Intellectual Capital on Bank’s Market Value and Financial Performance in Indonesia Stock Exchange

10 Pages Posted: 13 Mar 2014

See all articles by Yanuar Trisnowati

Yanuar Trisnowati

Semen Indonesia - School of Management

Isti Fadah

University of Jember - Faculty of Economics

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Date Written: March 13, 2014

Abstract

The purpose of this research were to analyze the impact of intellectual capital and this components to firm’s market value and finance performances at 21 public banks in Indonesia Stock Exchange in year 2009 until 2011. The components of intellectual capital were Value Added of Capital Employee (VACA), Value Added of Human Capital (VAHU), and Structural Capital Value Added (STVA). The firm’s market value was measured by Market to Book Value (MBV). The finance performances were measured by Return on Assets (ROA), Return on Equity (ROE), and Growth of Revenue (GR). To find the impact of variables, this research used linier regression analysis. The result of regression analysis showed that intellectual capital (VAIC) had not significant effect to firm’s market value and Growth of Revenue; Value Added of Capital Employee (VACA) had only significant effect to Return on Equity; Value Added of Human Capital (VAHU) had not significant effect to both of firm’s market value and finance performance; and Structural Capital Value Added (STVA) had significant effect to all measurement of finance performance.

Keywords: intellectual capital, firm’s market value, finance performance

Suggested Citation

Trisnowati, Yanuar and Fadah, Isti, The Impact of Intellectual Capital on Bank’s Market Value and Financial Performance in Indonesia Stock Exchange (March 13, 2014). Available at SSRN: https://ssrn.com/abstract=2408325 or http://dx.doi.org/10.2139/ssrn.2408325

Yanuar Trisnowati (Contact Author)

Semen Indonesia - School of Management ( email )

Gresik,, 61122
Indonesia

Isti Fadah

University of Jember - Faculty of Economics ( email )

Jl Kalimantan No 37
Tegal Boto
Jember, 68121
Indonesia

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