Hubungan Praktik Pengungkapan Modal Intelektual Dan Kinerja Perusahaan Dengan Reaksi Pasar Sebagai Variabel Moderating  

Oleh:

Bimo, Irenius Dwinanto ; Aryanindita, Gabriel Prananingrum

Jenis: Article from Papers/Makalah
Dalam koleksi: Atma Jaya Award 2010, page 1-26.
Topik: VAIC; Performance; Manufacturing Firms
Fulltext: 25 Feb-Makalah Bimo FE_1.pdf (110.11KB)

Isi artikel

This research applies new accounting tool for measuring value added efficiency of company, the Value Added Intellectual Coefficient (VAIC TM) of Pulic (1998). The VAIC model was correlated with corporate performance, based on the 2007 annual report from 188 Manufacturing firms which listed in Bursa Efek Indonesia. The result show that the VAIC model had a significanty positive correlation with profitability (proxy by ROA) and market valuation (proxy by MB), and a negative correlation with productivity (proxy by ATO) which measure the performance of the firms. The findings suggest that the manufacturing firms are capable of transforming intangible assets such as intellectual capital to high value added products, as claimed by Pulic (2004).

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