PENGARUH INTELLECTUAL CAPITAL TERHADAP NILAI PERUSAHAAN DENGAN KINERJA PERUSAHAAN SEBAGAI VARIABEL INTERVENING (STUDI EMPIRIS PADA PERUSAHAAN PERBANKAN YANG LISTING DI BURSA EFEK INDONESIA 2012 - 2014)

Abstract

The purpose of this study  was  to  determine the effect of  intellectual capital toward  firm value  with  the financial  performance  as the  intervening variable.The independent variable  applied  in this study  was the  intellectual capital which was measured by  value added intellectual coefficient  (VAIC).  The dependentvariable in this study was the firm value is measured by using price-to-book value (PBV),  while  financial performance  as  an  intervening variable  is  measured by using return on asset (ROA). The samples  of this study  were  the  banking companies listed  by the Indonesia Stock Exchange (IDX)  within the  period  of  2012-2014. Data were collected  by  using purposive sampling  method. Based on the mentioned  criteria, 27 companies were selected as the sample of this study. The data analysis tool used in this study was path analysis with SPSS software 21 version.