Abstract
The purpose of this study is to investigate whether intellectual capital affect the firm value. Furthermore, firm performance as mediating variable is also investigated. A component of intellectual capital is used as independent variables. They consists of Human Capital Efficiency (HCE), Capital Employed Efficiency (CEE), and Structural Capital Efficiency (SCE). Onthe other hand, Price to Book Value (PBV) is used as dependent variable and Return on Equity (ROE) as mediating variable. The population is all companies listed in Indonesia Stock Exchange (IDX) for the year 2013. Purposive sampling is used to select sample which is totally 109 observation. Path analysis is employed to analyze data. The result shows that HCE has positive impact on ROE but CEE and SCE do not. HCE has positive effect on PBV but CEE and SCE do not. ROE mediates the relationship CEE on PBV but the ROE does not mediate the relationship between HCE and SCE on PBV. Finally, ROE has positive effect on PBV
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.