ANALISIS KEMAMPUAN LABA DAN CAPITAL GAIN SAHAM BERDASARKAN VALUE ADDED INTELLECTUAL CAPITAL (VAICTM) PADA PERUSAHAAN PERBANKAN DI INDONESIA
Abstract
The purpose of this research is to figure out the influence of Value Added Intellectual Capital (VAICTM) on profit competence and stock capital gain of banking companies in Indonesia. This research used a purposive sampling technique, conducted on banking companies listed in Indonesian Stock Exchange of 2011-2015 and also these are listed in IPO of 2011 with a total of 25 companies. The research model uses a multiple lineal regression, consisting of: VACA (X1); VAHU (X2); STVA (X3), as the independent variables while company profit competence, consisting of Ratio on Asset (Y1) and Stock Capital Gain (Y2), as the dependent variables. The research results are as follows: (1) First hypothesis shows that simultenously (F-test), the Value Added Intellectual Capital has a positive and significant influence on profit competence (ROA) of banking companies in Indonesia, while partially (t-test) shows that Structural Capital (STVA) has a positive and significant influence on profit competence (ROA). (2) Second hypothesis simultaneously (F-test) shows that Value Added Intellectual Capital has only a significant but no positive influence on Stock Capital Gain of banking companies in Indonesia, while partially (t-test) Physical Capital (VACA) has only also significant but no positive influence on Stock Capital Gain. Value Added Intellectual Capital does not have a close relationship with profit competence (ROA) and stock Capital Gain.
kata kunci: VACA, VAHU, STVA, Ratio on Asset dan Capital GainFull Text:
PDFReferences
Appuhami, Ranjith, 2007. “The Impact of Intellectual Capital on Investor’s Capital Gain on Shares: an Empirical Investigation In Thai Banking, Finance and Insurance Sector”. Journal of Internet Banking and Commerce. Vol. 3 (2): 14-25.
Arifin, Zaenal, 2005. Teori Keuangan dan Pasar Modal. Ekonisia, Yogyakarta.
Basuki dan Mutiara Sianipar. 2012. Intellectual Capital and It’s Impact on Financial Profitability and Investor’s Capital Gain on Shares. Journal of Economics, Business and Accountancy Ventura. Vol 15 (1): 101-116.
Chen, M.C., Cheng, S.J. dan Hwang, Y. 2005. “An Empirical Investigation of the Relationship between Intellectual Capital and Firms‟ Market Value and Financial Performance”. Journal of Intellectual Capital, Vol.6 (2): 159-176.
Darmadji Tjipto dan Hendry M Fakhruddin, 2001. Pasar Modal di Indonesia. Salemba Empat, Jakarta.
Kamath, G.B. 2007. The Intellectual Capital Performance of Indian Banking Sector. Journal of Intellectual Capital. Vol. 8 (1): 99-123.
Kasmir, 2008. Analisis Laporan Keuangan. Edisi Pertama, Rajawali Pers, Jakarta.
______ 2010. Pengantar Manajemen Keuangan. Edisi Pertama, Cetakan ketiga, Kencana Prenada Media Group, Jakarta.
______ 2012. Analisis Laporan Keuangan. PT.Raja Grafindo Persada, Jakarta
Kin, Gan; Zakiah, Saleh. 2008. Intellectual Capital and Corporate Performance of Technology-Intensive Companies: Malaysia Evidence. Asian Journal of Business and Accounting. 1(1), 2008.
Pulic, A. 1998. Measuring the performance of intellectual potential in knowledge economy. Paper presented the 2nd McMaster Word Congress on Measuring and Managing Intellectual Capital by the Austrian Team for Intellectual Potential.
Najibullah, Syed, December 2005. An Empirical Investigation of The Relationship Between Intellectual Capital and Firm’s Market Value and Financial Performance in Context of Commercial Banks of Bangladesh. School of Business Independent University, Bangladesh.
Syahyunan, 2015. Manajemen Keuangan: Perencanaan, Analisis dan Pengendalian Keuangan. Medan, USU Press.
Subiyantoro, E. dan Andreani, F. 2003. “Analisis Faktor-faktor yang Mempengaruhi Harga Saham (Kasus Perusahaan Jasa Perhotelan yang Terdaftar di Pasar Modal Indonesia)”. Jurnal Manajemen dan Kewirausahaan. Vol. 5 (2): 171-180.
Ulum, Ihyaul. I, Gozhali dan A. Chariri 2008. Intellectual Capital dan Kinerja Keuangan Perusahaan, Suatu Analisis dengan Pendekatan Partial Least Square. Simposium Nasional Akuntansi XI. Pontianak: 23-34 Juli
_____ 2008. Intellectual Capital Performance Sektor Perbankan di Indonesia. Jurnal Akuntansi dan Keuangan. Vol.10, no.2. November. 77-84.
_____ 2009. Intellectual Capital; Konsep dan Kajian Empiris. Edisi Pertama, Yogyakarta.
_____ 2011. Analisis Praktek Pengungkapan Informasi Intellectual Capital dalam Laporan Tahunan Perusahaan Telekomunikasi di Indonesia. Jurnal Review Akuntansi dan Keuangan (JRAK). 1: 49-56.
Wahyudi, U. dan Pawestri, H.P. 2006. Implikasi Struktur Kepemilikan terhadap Nilai Perusahaan: dengan Keputusan Keuangan sebagai Variabel Intervening. Makalah Disampaikan dalam Simposium Nasional Akuntansi IX. Padang: 23-26 Agustus.
Widoatmojo, Sawidji. 2000. Cara Sehat Investasi di Pasar Modal. Jakarta: PT. Jurnalida Aksara Grafika.
Wijayanti, Puput, 2013. “Pengaruh Intellectual Capital Terhadap Harga Saham Melalui Kinerja Kuangan Pada Perusahaan Perbankan yang Terdaftar di Bursa Efek Indonesia (BEI) Pada Tahun 2009-2011”. Jurnal Ilmiah Fakultas Ekonomi dan Bisnis. Vol.1 (2): 1-27.
Refbacks
- There are currently no refbacks.
Copyright (c) 2017 PROSIDING TANTANGAN BISNIS ERA DIGITAL
This work is licensed under a Creative Commons Attribution 4.0 International License.