Relevansi nilai modal intelektual (pendekatan return on assets dan market capitalization method)

Malinda, Jessy and Rachmawati, Dyna (2020) Relevansi nilai modal intelektual (pendekatan return on assets dan market capitalization method). Relevansi nilai modal intelektual (pendekatan return on assets dan market capitalization method), 13 (2). pp. 117-129. ISSN p-ISSN: 1979-360X , e-ISSN: 2598-6767, Jurnal Nasional Terakreditasi Sinta 4

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Abstract

Value relevance is the ability of a value in explaining information about company's valuation. Company valuation has a connection with the investors and their investment decisions. Based on the Resource Based View (RBV) theory, well-managed intellectual capital can generate value added and future competitive advantage for the company. This value added and competitive ability can affect investor's decision to make an investment in the company. This investment decision means the demand for company shares are increasing and along with this increase, the company’s market share price also increases. The increase in company's stock price will increase the value of the company.This quantitative research aims to examine and analyze the value relevance of intellectual capital. Intellectual capital in this study measured using the Value Added Intellectual Coefficient (VAICTM) method, Intellectual Capital Index (ICI), and through Yahoo Finance's Internet Message Boards (IMBs). The independent variable in this study is intellectual capital, the dependent variable used is firm value, and the control variable is size of the company used in this study. This research samples was selected using purposive sampling method on the companies registered in Kompas100 for the period of July 2019. Data analysis in this study used multiple linear regression. The results of this study conclude that intellectual capital measured using VAICTM and through Yahoo Finance IMBs has no value relevance. Whereas intellectual capital which is measured using ICI has value relevance. These results indicate that ICI is the most appropriate proxy for measuring intellectual capital.

Item Type: Article
Additional Information: Jurnal Nasional Terakreditasi Sinta 4
Uncontrolled Keywords: value relevance, intellectual capital, firm value, company size
Subjects: Business > Accounting
Divisions: Journal Publication
Depositing User: F.X. Hadi
Date Deposited: 31 Mar 2022 06:31
Last Modified: 10 Oct 2023 03:11
URI: http://repository.ukwms.ac.id/id/eprint/29701

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