Reconstruction of Financial Performance to Manage Gap between Value Added lntelectual Coefficient (V AICTM) and Value of Company in Banking Company Listed in Indonesia Stock Exchange
| Main Author: | Ikhsan, Arfan |
|---|---|
| Format: | Article PeerReviewed Book |
| Bahasa: | ind |
| Terbitan: |
http://www.econjournals.com
, 2017
|
| Subjects: | |
| Online Access: |
http://digilib.unimed.ac.id/39516/1/PEER%20REVIEW.pdf http://digilib.unimed.ac.id/39516/2/TURNITIN.pdf http://digilib.unimed.ac.id/39516/ http://www.econjournals.com/index.php/ijefi/article/view/4309/pdf |
Daftar Isi:
- This study aims to analyze the effect of value added intellectual coefficient (VAICTM) on value of company (market to book value [MtBV]) and financial performance (return on asset [ROA]) as mediating variable. This study used VAICTM to measure the efficiency of three components i.e. value added capital employed, value added human capital, and structural capital value added (STVA). This study is a quantitative research using 20 banking companies listed in Indonesia Stock Exchange (BEI) as samples. Data were analyzed using path analysis with Analysis Moment of Structure program version 22. The results of this study indicate that the VAICTM has positive and significant effect on financial performance (ROA), but it has immediate positive and non-significant effect on company value (MtBV). Furthermore, it can be proven that VAICTM has indirect positive and significant effect on MtBV with ROA as a mediating variable.