PENGARUH INTELLECTUAL CAPITAL TERHADAP MARKET PERFORMANCE DIUJI DENGAN MENGGUNAKAN METODE PLS

Studi Empiris pada Perusahaan Manufaktur yang Terdaftar di BEI 2008-2012

Abstract

Intellectual capitalis recognizedas a strategic asset that provides a
competitive advantage to the organization for superior performance in the
modern era of the knowledge-based economy. This study aimed to examine
the effect of the components of the Intellectual Capital (VAICTM) to market
performance is proxied by TVA , CAR and MtBV.
The Value Added Intellectual Coefficient (VAICTM) methode is used to
measure ofIntellectual Capital. This study uses data from 120 publicly listed
companies in Indonesian Stock Exchange between the years 2008 to 2012. It
is an empirical study using Partial Least Square (PLS).
The results show that: Intellectual Capital influences positively to market
performance. Its prove that manufacturing companies in Indonesia have been
managing knowledge assets well so its important role in the formation of
added value and contribute to the improvement of company's market
performance.