Desak Nyoman_Abstract_1812014

MODEL MEDIASI DALAM HUBUNGAN ANTARA INTELLECTUAL CAPITAL DISCLOSURE, NILAI PERUSAHAAN, DAN FINANCIAL PERFORMANCE

 

Desak Nyoman Sri Werastuti

Jurusan Akuntansi Fakultas Ekonomi dan Bisnis Universitas Pendidikan Ganesha

Jl. Udayana No.11 Singaraja, 81116.

Korespondensi dengan Penulis:

Desak Nyoman Sri Werastuti: Telp. +62 362 22570; Fax. +62 362 25735

E-mail: weras_tuti@yahoo.com

Abstract

This study aimed to determine the disclosure effect of intellectual capital on firm value through the financial performance of companies listed on the Indonesia Stock Exchange in the period of 2008 to 2012. Intellectual capital measurement used a model developed by Pulic (1998, 1999, 2000), which assessed the efficiency of value added as a result of the company’s intellectual capabilities (value added intellectual coefficientVAICTM). Financial performance in this study was measured using return on assets (ROA) and firm value was measured by using the Market to Book Value (MtBV). The samples in this study were taken using purposive. The final samples in this study were 1.135 observations. This hypothesis was tested using path analysis. The results showed that (1) the disclosure of intellectual capital had a positive effect on financial performance; (2) disclosure of intellectual capital had no effect on firm value; (3) financial performance was able to mediate the relationship between intellectual capital disclosure and corporate value.

Key words: corporate value, financial performance, intellectual capital disclosure, value added

(Full Text.pdf)

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s