PENGARUH MODAL INTELEKTUAL TERHADAP KINERJA PASAR PERUSAHAAN PERBANKAN YANG TERDAFTAR DI BURSA EFEK INDONESIA

Abstract

ABSTRACT
The purpose of this research is to examine empirically the influence of intellectual
capital to market performance. In this study intellectual capital consists of three
aspects, human capital, structural capital and capital employee is measured by the
VAICTM. While the market performance is determined by the price to book value ratio.
Ownership structure as a control variable. Because in Indonesia the ownership
structure can be concentrated so that it can influence the market appraisal. The
population in this study is a company listed on the Indonesia Stock Exchange. The
sample in this study is a company that is in Indonesia Stock Exchange in 2014-2016.
With purposive sampling method. Methods of statistical analysis used multiple
regression. The results show that intellectual capital of human capital, structural
capital, capital employee and ownership structure simultaneously had a significant
effect on market performace. While partially, the intellectual capital of human capital
significantly affect the market performance. Intellectual capital of structural capital
not significantly affect the market performance. Intellectual capital of capital
employee not significantly affect the market performance. Ownership structure
significantly affect the market performance.
Keywords: intellectual capital, market performance, ownership structure