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JIRA PENGARUH INTELLECTUAL CAPITAL TERHADAP KINERJA PERUSAHAAN OTOMOTIF DI BEI
The purpose of this research is to find out the influence of intellectual capital which is proxy by Pulic
model (VAIC
TM
) to the company’s performance which is proxy by market to book ratio (MBR) to the automotive
company. The population is automotive companies which are listed in Indonesia Stock Exchange (IDX). In this
research, the sample collection technique has been determined by using purposive sampling, and based on the
determined criteria the samples are 8 automotive companies which are continuously publish their financial
statement during the years of 2008 – 2012. This research is using multiple linear regressions analysis. The
result of research shows that: (1) The value added capital employed (VACA) variable has significant influence to
the market to book ratio (MBR) yet the negative regression coefficient shows the non-unidirectional relations
between VACA and MBR. (2) The value added human capital (VAHU) variable has significant influence to the
market to book ratio (MBR) and it shows unidirectional relationship between VAHU and MBR. (3) Independent
variable structural capital value added (STVA) partially has significant influence to the market to book ratio
(MBR) and shows unidirectional relationship between STVA and MBR.
Keywords: Intellectual capital, Market to book ratio, Value added capital employed, Value added human
capital, Structural capital value added
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