Intellectual Capital Structure Research Articles

АНАЛІЗ ТА ОЦІНЮВАННЯ ТРАНСФОРМАЦІЇ ВЛАСТИВОСТЕЙ ІНТЕЛЕКТУАЛЬНОГО КАПІТАЛУ УКРАЇНИ

The research is dedicated to the analysis and evaluation of the transformation of intellectual capital (IC) properties in the pre-war period of the country. The study enhances and categorizes contemporary indicators for assessing intellectual capital properties, classifies indicators based on their qualitative impact on the level of intellectual capital, normalizes indicators for constructing radar charts, and determines the level of intellectual capital in Ukraine. The research identifies the impact level of the dynamics of intellectual capital properties on the country's GDP changes. Methodology: To achieve the set goal, the study employs the dialectical method, analysis, and synthesis (investigation of human, organizational, and structural (client) capitals and changes in their properties), graphical method (for illustrating research results); system-structural and expert analysis (to determine the impacts of changes in intellectual capital properties on GDP). Scientific novelty lies in determining the influence of transformations in intellectual capital properties on GDP changes to define a strategy for optimizing the country's intellectual capital structure. Practical significance involves recommending indicators for assessing IC properties for further development of incentive measures using digital technologies and artificial intelligence to enhance the structure of intellectual capital, providing grounds for developing a strategy for IC optimization in the country. Keywords: intellectual capital, digitization, structural capital, consumer capital, human capital, assessment, transformations, properties.

TRANSFORMATION OF CONSUMER (CLIENT) CAPITAL PROPERTIES THROUGH BEHAVIORAL MECHANISMS OF DIGITIZATION

The research is dedicated to the transformation of consumer (client) capital as a component of intellectual capital, serving as an indicator of its sustainable development in the era of digitalization of economic processes. Research objective. The aim of the study lies in developing a methodological approach to the transformation of properties of intellectual capital through behavioral mechanisms of digitalization of economic processes and determining an index enabling tracking the influence of behavioral mechanisms on economic processes in real-time. Additionally, the paper refines and categorizes the components of consumer (client) capital, elucidates their essence, and proposes methodological approaches for determining the levels of individual components and the overall level of consumer (client) capital depending on behavioral mechanisms of economic processes. Furthermore, it identifies an index allowing tracking the impact of behavioral mechanisms of economic processes in real-time and comparing the economic efficiency of influencing enterprise activities. Methodology: The study employs dialectical method, analysis and synthesis (investigation of structural (client) capital and determination of its elements and qualitative characteristics of properties), graphical method (for illustrating research results), systemic-structural and expert analysis (for determining the impacts of changes in consumer capital properties and its qualitative characteristics and influences on the effectiveness of socio-economic systems). Scientific novelty lies in the development of a methodological approach to the transformation of consumer capital properties through behavioral mechanisms of economic process digitization and determining an index enabling tracking the impact of behavioral mechanisms of economic processes in real-time and influencing the optimization of the structure of intellectual capital of socio-economic systems. Practical significance involves recommending a methodological approach to transforming consumer (client) capital properties through behavioral mechanisms of economic process digitization and an index for comparing the economic efficiency of influencing company activities with general possibilities of using other mechanisms.

ЧЕЛОВЕЧЕСКИЙ КАПИТАЛ ПРЕДПРИЯТИЙ: ИДЕНТИФИКАЦИЯ, СТРУКТУРА И МЕЖДУНАРОДНАЯ КОНКУРЕНТОСПОСОБНОСТЬ

The article discusses approaches to defining the essential features of the concept of human capital and its structural elements. The peculiarities of the human capital of machine-building enterprises are related to the specifics of the industry. The place of human capital in the structure of intellectual capital of industrial enterprises is considered. The interrelation of the category “human capital” with related concepts is analyzed. Aspects of the international competitiveness of human capital of machine-building enterprises are highlighted.

Structure and features of intellectual capital of digital cyber-social industrial ecosystems of cluster type

Aim. To clarify the structure and identify the features of intellectual capital of cyber-social industrial ecosystems of cluster type.Objectives. To determine the structure of intellectual capital of cyber-social intelligent industrial ecosystems of cluster type; to reveal the features of intellectual capital of cyber-social intelligent industrial ecosystems of cluster type; to clarify the definition of the concept of intellectual capital of cyber-social intelligent industrial ecosystems of cluster type.Methods. The research is based on a combination of basic methods of general scientific and natural-scientific cognition, includes the study of scientific literature on the topic, the use of observation, analysis and synthesis methods. The article reflects the results of retrospective analysis of scientific literature. For a more visual representation of the results of the study the graphical method was used.Results. Ensuring sustainable economic growth and labor productivity growth is one of the most important tasks of the state and large economic entities, which today is implemented at the expense of and in the conditions of digitalization development. With this in mind, industrial enterprises are undergoing significant changes in the philosophy of their existence and functioning. In the article we consider cyber-social intelligent industrial ecosystems of cluster type as more advanced forms of organization of interaction between economic entities and their intellectual capital. In the process of the research the structure of intellectual capital of cyber-social intelligent industrial ecosystems of cluster type, consisting of three levels, is defined. The peculiarities of the third level of the structure of intellectual capital of cyber-social intellectual industrial ecosystems of cluster type, which distinguish it from the intellectual capital of industrial clusters, are revealed. Digital structural captal as the most significant part is highlighted. In connection with the mentioned cybersociality of the cluster-type ecosystems under consideration, as well as in view of the increasing influence of the smart (intellectual) environment on them, the intellectual relational capital is divided into intra-ecosystem and extra-ecosystem capital. The definition of the concept of intellectual capital of cyber-social intelligent industrial ecosystem of cluster type, which reflects the importance of the digital component of the capital and the continuous nature of transformations arising from the evolving coherent multi-actor network of subjects, is given with clarifications.Conclusions. The research allowed us to propose a refined understanding of intellectual capital of cyber-social intellectual industrial ecosystem of cluster type and to form its structure taking into account the differences between the intellectual capital of cyber-social intellectual industrial ecosystems of cluster type and the intellectual capital of industrial clusters.

INTRODUCTION OF THE INTELLECTUAL CAPITAL MANAGEMENT MECHANISM AT MACHINE-BUILDING ENTERPRISES

Intellectual capital plays a significant role in the activities of machine-building enterprises. The purpose of the article is to study the main approaches to the structure of intellectual capital at machine-building enterprises; The methodology of the conducted research involves the use of a complex scientific approach to the study of intellectual capital with the use of information systems for its management. The article examines the structure of intellectual capital, the main approaches to determining the structure of intellectual capital. The analysis of various intellectual capital management systems made it possible to propose such an intellectual capital management system of a machine-building enterprise, which is considered from the point of view of a combination of formalized elements, actions that are included in the management subsystem of structural internal and external (relational) capital and the human capital management subsystem. The introduction of cyber-physical systems into the practice of machine-building enterprises and their further integration into a single network is considered. Such unification is a key stage in the creation of industrial SMART enterprises within the framework of the fourth industrial revolution. Given that the management of intellectual capital is one of the elements of structural capital management, the formalization of the main elements and the data processing of these elements using appropriate mathematical models were investigated. With the help of analytical and simulation modeling, we came to the conclusion about the need for a scientific and practical approach to the implementation of the intellectual capital management mechanism at machine-building enterprises. It is proposed to modernize the operational decision-making algorithm based on the analysis of the dynamics of the main indicators of the financial state of the enterprise, as well as the components of intellectual capital, which may lead to the need to reconstruct modes and forms of work. of the entire enterprise. The organizational and information provision of the intellectual capital management mechanism of machine-building enterprises has been improved and expanded.

ANALYSIS OF SCIENTIFIC APPROACHES TO DEFINING THE ESSENCE OF THE REGION’S INTELLECTUAL CAPITAL

Based on the analysis of literary sources of Ukrainian and foreign authors, a number of scientific approaches to the definition of the concept of “intellectual capital of the region” are considered. Among them are: structural, functional-structural, terminological, resource, practical, and reproduction of new value. The peculiarities of the definitions of the essence of intellectual capital are generalized. The analysis allowed the author to form his own vision of the essence of the intellectual capital of the region, which is defined as a set of accumulated and qualitative knowledge, abilities, intellectual resources that can create added value and ensure the effective development of the region’s economy. It is substantiated that most scholars focus their attention on the study of intellectual capital as an intangible asset of an organization, a set of employees’ knowledge, intellectual assets, abilities that have economic value and generate income. The economic aspects of the study of intellectual capital are substantiated. It is stated that the structure of intellectual capital is quite complex, which is due to the multidimensionality of its formation, use and management. The general structure of intellectual capital is formed. The ways of structuring intellectual capital are highlighted. Having studied different opinions of scientists on the structure of intellectual capital in the region, the following elements of it are allocated: human (personal) capital, organizational (structural) capital and social capital. It is proved that the intellectual capital of the region is the basis of the productive forces of modern society and the main resource for the strategic development of regions in the knowledge economy.

ІNTELLECTUAL CAPITAL AND ITS ROLE IN THE FORMATION OF THE INNOVATIVE ECONOMY OF UKRAINE

The basis of the innovative development of the country's economy in today's conditions, which contributes to the effective use of competitive advantages not only in a single country, but also outside its borders, is intellectual capital, which can be defined as a set of knowledge and skills that a person possesses and is capable of increasing the market value enterprises. The analysis of existing approaches to the formation, development and management of human capital indicates insufficient efficiency of the use of intellectual capital of the enterprise, its practical application and distribution among the country's population.The purpose of the study is to substantiate the essence of intellectual capital and its role as a component of increasing the country's competitiveness and the well-being of the population in the formation of an innovative economy.The article examines the existing approaches to defining the concept of "intellectual capital" and "intellectual potential" as determining components of the development of the innovative economy. The structure of intellectual capital is determined and the need for the functioning of its components in a complex is emphasized. The role of intellectual capital and intellectual potential in the formation of an innovative national economy is revealed.Today's challenges do not contribute to innovative development and effective use of intellectual capital within Ukraine. The reasons for this are many factors, among which we can single out the loss of highly qualified specialists with practical experience due to the war, the low level of wages, which encourages Ukrainians to look for decent living conditions, sometimes not in their specialty, the lack of an innovative environment, adequate funding of scientific developments and their research, innovation and investment culture of the country's population, innovative development strategies taking into account the current situation.The article summarizes the main obstacles in the development of intellectual capital and innovative economy, offers ways to solve the problems that arise and need to be solved at the level of the state, the business sector, and the population of the country. It is emphasized that it is the triad "state - entrepreneurship - education" that has the opportunity to reveal and effectively use the intellectual potential of the country's population for the purpose of building an innovative, competitive economy of Ukraine.

Forming the Structure of Intellectual Capital in the Business Enterprise

New conditions and requirements for business operation in the modern economic environment are determined by vectors like digitalization, social responsibility, ecology, sustainable development. Apart from traditional factors, business owners have to put more emphasis on intangible assets as factors increasing the value of business assets. New kinds of resources with importance for owner and investor are admittedly intellectual ones, including competencies of staff, intellectual property objects, new technologies, etc. The elaboration of a conceptual framework for intellectual capital building in business enterprises in the innovation-driven economy context, involving scientifically grounded approaches to the structuring of intellectual capital, is, therefore, an issue of vital importance. The article’s objective is to sum up approaches to interpreting and structuring the economic category “intellectual capital”, with elaborating the method for intellectual capital formation in the business enterprise.
 The economic nature of intellectual capital in the business enterprise is outlined by highlighting criteria of its recognition and key forms of its manifestations in the business enterprise through establishing the logic of their interaction. The characteristics of intellectual capital were classified from economic and management perspectives, with interpreting it as a business asset, a business resource and a business cost. The structuring of intellectual capital allowed to highlight its core economic features: tangibility and intangibility. A structural model of intellectual capital in the business enterprise, built on seven components representing criteria of its recognition, is proposed. The procedure of intellectual capital formation by the potential options of its import and generation is analyzed. It is concluded that growth in all the components of intellectual capital is supposed to have a positive effect for the financial indicators of a reporting period, as each of its components will be recognized as an economic category once it is capable to generate a result or a value in a short or long term.

ANALYSIS OF CREDIT RISK, INTELLECTUAL CAPITAL AND FINANCIAL PERFORMANCE OF LISTED DEPOSIT MONEY BANKS IN NIGERIA

This paper examined the effects of credit risk, intellectual capital as well as credit risk moderated by intellectual capital on financial performance of fifteen listed deposit money banks in Nigeria (DMBs) from 2007 to 2016. Data were sourced from annual reports of banks and Nigerian National Bureau of Statistics and analysed using Generalised Method of Moments (GMM). The study finds that credit risk index by loan loss ratio negatively affects financial performance of the sampled banks; while capital employed efficiency, loan loss provision moderated by intellectual capital, capital adequacy ratio, income and diversification have positive relationship with banks’ financial performance. Thus, the study recommends that banks should strengthen their credit risk management culture to ensure prompt repayment of loans. The banks should operate within the required capital adequacy ratio to serve as buffer against loan loss provisions provided by the Central Bank of Nigeria. A strong credit risk management culture should be embedded within intellectual capital structure of banks, where all persons at all levels appreciate and understand the banks’ risk management policies as well as strategies and incorporate same into decision-making and business processes.

Theoretical approaches to the study of the category «intellectual capital» of high-tech enterprises

During the formation of the post-industrial Industry 4.0, intellectual capital plays a significant role in the activities of industrial enterprises, which is the basis of innovation activity, the main factor in the growth of the company's value. The study presents the issues of studying the concept, essence and structure of intellectual capital of high-tech enterprises. The approaches of foreign and domestic scientists are considered. Estimates of the intellectual capital of the enterprise are given. It is determined that intellectual property, especially intangible assets, are especially important for high-tech enterprises. Additions to the structures of intellectual capital and its elements are presented. According to the authors, intellectual capital is understood as the degree of development of a person's knowledge abilities, his ability to bring income to the owner. Intellectual capital is formed when investing in its creation: education, acquisition of required competencies, professional training. The assessment of intellectual capital represents an assessment of the consumer value of the subject.

Analysis of Credit Risk, Intellectual Capital and Financial Performance of Listed Deposit Money Banks in Nigeria

This paper examined the effects of credit risk, intellectual capital as well as credit risk moderated by intellectual capital on financial performance of fifteen listed deposit money banks in Nigeria (DMBs) from 2007 to 2016. Data were sourced from annual reports of banks and Nigerian National Bureau of Statistics and analysed using Generalised Method of Moments (GMM). The study finds that credit risk index by loan loss ratio negatively affects financial performance of the sampled banks; while capital employed efficiency, loan loss provision moderated by intellectual capital, capital adequacy ratio, income and diversification have positive relationship with banks’ financial performance. Thus, the study recommends that banks should strengthen their credit risk management culture to ensure prompt repayment of loans. The banks should operate within the required capital adequacy ratio to serve as buffer against loan loss provisions provided by the Central Bank of Nigeria. A strong credit risk management culture should be embedded within intellectual capital structure of banks, where all persons at all levels appreciate and understand the banks’ risk management policies as well as strategies and incorporate same into decision-making and business processes.

Spatio-temporal characteristics of regional sustainable economic growth drivers of China

Intellectual capital (IC) has become a universal performance indicator for the socioeconomic development of countries and regions. Based on a review of national intellectual capital (NIC) and regional intellectual capital (RIC) evaluation literature, we used the regional intellectual capital indicator (RICI) as a model for China’s RIC evaluation to indirectly understand China’s potential economic growth drivers. Specifically, we collected statistical data of 31 provinces (including municipalities and autonomous regions) in China from 2004 to 2016 to measure RICI and analyze its dynamic characteristics from temporal and spatial perspectives. In this paper, Delphi analysis was used to construct RICI model, and cluster analysis and exploratory spatial data analysis were used to analyze the temporal and spatial characteristics of RICI in China. The results showed that RICI, which represents China’s overall economic growth drivers, increases annually and is consistent with economic development level during the study period. Regarding the geo-spatial space, RICI follows the trend of “high in the east and low in the west”, gradually decreasing from eastern to western China. For RIC structure, the shape of the radar chart of IC structure located in the eastern coastal areas is usually biased towards strong external relational capital, while that in western China is generally biased towards structural capital. For spatial correlation, China’s RICI has dependence on geographical adjacent space and economic space. Our research can provide policy suggestions for the sustainable development of regional economy from an IC perspective.

APPROACHES AND PRINCIPLES OF INTELLECTUAL CAPITAL MANAGEMENT AT INDUSTRIAL ENTERPRISES

Despite a large number of studies devoted to the intellectual capital management at industrial enterprises, its structure, evaluation and some issues remain fragmentary. In particular, there is no scientific approach to the interpretation of the content and formation of the intellectual capital structure. The process of transition of management technologies to a new level of SMART enterprises is not fully studied, and the system of rapid assessment of intellectual capital at industrial enterprises and express – management of it in connection with such transition is not considered. The need for further research in this area led us to the choice of the paper topic. The author's definition of the concept of intellectual capital is considered as a set of intellectual potential of people and structural capital, which on the basis of methods of formation, effective management, use and reproduction of intellectual resources (intellectual property and digital industry) is aimed at achieving economic efficiency of the enterprise. The paper considers the most significant approaches to intellectual capital management, highlights the features and advantages of each approach. An effective system of intellectual capital management at industrial enterprises is proposed. For this purpose, we recommend the fundamental requirements for an effective intellectual capital management system of industrial enterprises: the scientific principle, the principles of complexity and consistency, collegiality of decisions made, permanence, innovation principle and informatization. It is the principle of informatization that allows us to monitor the internal and external environment of the enterprise and consider the studied phenomena and factors in dynamics. For the effective implementation of the management system principles, the requirements of efficiency and adaptability, high speed, completeness and reliability are selected, which contribute to the construction of a competitive intellectual capital management system for industrial enterprises.

Stages and Algorithm for Assessing the Intellectual Capital of an Innovative Industrial Cluster

Aim. The presented study aims to identify stages and propose an algorithm for assessing the intellectual capital of an innovative industrial cluster.Tasks. The authors classify the types of intellectual capital of an innovative industrial cluster; propose the structure of the intellectual capital of an innovative industrial cluster; develop the stages for assessing the intellectual capital of an innovative industrial cluster and an algorithm for assessing the intellectual capital of an innovative industrial cluster.Methods. This study uses a combination of general scientific and natural scientific methods of cognition: observation, generalization, abstraction, and the graphical approach. These methods are used to consistently solve the tasks of the study.Results. During the analysis of the types of intellectual capital of innovative industrial clusters, the authors classify them according to three criteria: carrier, involvement in the processes of the innovative industrial cluster, and the type of existence. The proposed classification allows the authors to develop the structure of intellectual capital of an innovative industrial cluster, which is presented in the form of four levels characterized by compressibility. The authors develop and describe the stages of assessing the intellectual capital of an innovative industrial cluster and propose an algorithm for its assessment consisting of three stages: preparatory, main, and final.Conclusions. The study describes stages and an algorithm for assessing the intellectual capital of an innovative industrial cluster, which can be used to manage intellectual capital in order to increase its value and develop an innovative industrial cluster.

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The article highlights the importance of considering the concept of capital as a source of economic development in the modern economy. It is shown that the key factor of resource provision of innovative development of modern national economy is integrated use of different types of capital (physical, intellectual, social and institutional) to create synergies from their interaction, which would significantly affect the dynamics of innovative economic development. Human capital is characterized as a source of resources for the development of the national economy on an innovative basis in terms of its role and place in the structure of intellectual capital. The results of this study are a prerequisite for the development of methodological tools for resource management of innovative development through the realization of human capital potential.

DIRECTIONS OF FORMATION AND DEVELOPMENT OF INTELLECTUAL CAPITAL OF THE TOURISM INFRASTRUCTURE ENTITIES

The article is devoted to relevant issues of formation and development of intellectual capital of enterprises that constitute the tourism infrastructure. The purpose of the study is to substantiate the directions and means of formation and development of intellectual capital of the tourism infrastructure enterprises. The author's description of the concept and structure of intellectual capital of an enterprise is given. It is established that intellectual capital of the tourism infrastructure enterprises comprises such basic elements as, first, the company's staff (and their competence characteristics) able to accumulate and generate intellectual creativity, create and commercialize innovations and implement their results in economic practice to form modern logistical and information-technological support for business processes; secondly, the provision of the enterprise with modern equipment and technologies, information, infrastructure for innovation and intellectual-creative activities; thirdly, the extent and effectiveness of the combination of factors of labor and intelligence. It is proved that intellectual capital is a dynamic concept and is close to the intellectual potential. The composition of the tourism infrastructure entities involves tourism companies, accommodation facilities, food facilities, accompanying and communication facilities providing transport, trade, cultural, educational, sports and other services to meet the needs of tourists. The relevance of the formation and use of intellectual capital of the tourism infrastructure enterprises is substantiated. In the current research, the scientific methods of strategic management (for constituting the bases for structuring the purposes of improvement of intellectual capital of the tourism infrastructure enterprises) and the system approach (to substantiation of priorities and tools for improvement of intellectual capital of the tourism infrastructure entities) are applied. The means of formation of intellectual capital of the tourism infrastructure enterprises are determined. Further scientific research in this area concerns the substantiation of economic and mathematical models of intellectual capital using. The practical significance of the research results concerns the ways to increase intellectual capital of the tourism infrastructure and strengthen both the competitiveness and overall economic potential of tourism in Ukraine, which also has a major social effect in meeting the needs of consumers in tourism and recreation services.

СИСТЕМНИЙ АНАЛІЗ В СУЧАСНІЙ ТЕОРІЇ ІНТЕЛЕКТУАЛЬНОГО КАПІТАЛУ ПІДПРИЄМСТВА

UDC 330.342; JEL Classification: Q044 Purpose. The comparative analysis study of modern economic substantiation of the intellectual capital of the enterprise have become the purpose of the research. Advantages and disadvantages of various approaches and methods of the intellectual capital of the enterprises are determined. Methodology of research. The research rests on objective principles of the systems approach, economic analysis, logical and comprehensive approach to assessment of economic phenomena and processes. We have used a set of general and special methods in this article. They are historical and logical method (for the study of the theoretical foundations and evolution of evaluation of methodology of innovative potential and intellectual capital); method of analysis and synthesis (to compare the main approaches to the interpretation of the concepts); method of comparing and grouping (to systematize the interpretation of the concepts); abstract and logical method (for theoretical generalizations and drawing conclusions). Findings. The article is devoted to modern approaches - one of topical problems in the study of intellectual capital. It studies experience of both Ukrainian and foreign scientists. The analysis of scientific sources shows that an exhaustive understanding of the nature of intellectual assets is not yet formed. Nevertheless, tendencies to create postindustrial space dictate the need to find ways to develop and improve the intellectual component of the enterprises. The research of theoretical generalizations of the intellectual capital of companies have produced a plethora of proposed methods and theories over the last years. Each article contributes important insights into the understanding of the intellectual capital. The range that requires attention is wide in the articles analyzed – we list only a fraction here: intellectual capital, knowledge and human capital, self-ogranization, decentralisation, conversion of the capitals, reach synergies, flow of the resources, systems interconnect, innovation. A comparative analysis of the looks of the scientists concerning the definition of «intellectual capital» are offered. Originality. The study results in conclusions about the evolution and features of the intellectual capital and intellectual potential of the enterprises, which are the result of systematization and generalization of the previously studied papers. The considering the term "intellectual capital" for the purpose of creation of evolution of an essence of the studied concept and development of vectors of the theory of the intellectual capital are offered. Practical value. The carried-out analysis and synthesis of the existing approaches on studying of structure of intellectual capital of the enterprises taking into account specifics of the intellectual capital of the company are used to support existing managerial policies for better retention practices and management of human resources, for better management practices of the enterprises.

Development of accounting for intangible assets based on the theory of intellectual capital

The relevance of the study lies in the fact that development of a market economy and enterprises themselves, especially in a highly competitive environment, is almost impossible without the active orientation of production structures towards innovative and intellectual activities. The question of the nature of intellectual capital and how it is measured is therefore relevant, since it is the efficient use of such capital that greatly improves the quality of information, and improve management technology and innovation. Intellectual capital is a necessary part of the economic policy of a modern enterprise. The study aimed to determine the essential characteristics and structure of intellectual capital. To achieve this goal, we were focused on the next tasks: determination of the intellectual asset, research in the framework of the legislative requirements of accounting for the composition of intangible assets, and improvement of accounting process of valuation of intangible assets. During the research following general and specific scientific methods were used: theoretical generalization, analogy, abstraction, statistical observation, analysis, synthesis, scientific abstraction, critical analysis of accounting issues.

호텔컨벤션의 지적자본이 지식경영활동과 경영성과에 미치는 구조관계 연구

호텔컨벤션의 지적자본이 지식경영활동과 경영성과에 미치는 구조관계 연구

THE INFLUENCE OF CAPITAL STRUCTURE, WORKING CAPITAL ROUND, AND INTELLECTUAL CAPITAL STRUCTURE ON CORPORATE VALUE IN FOOD AND BEVERAGES SECTOR MANUFACTURING COMPANIES LISTED IN INDONESIA STOCK EXCHANGE IN 2015-2018

This study aims to examine the effect of capital structure, working capital turnover, and intellectual capital structure on firm value. The sampling method uses purposive sampling. Companies with criteria in the food and beverage sector manufacturing companies listed on the Indonesia Stock Exchange during 2015-2018. The population is 51 companies and sampling is 14 companies.
 Data analysis techniques using statistical tests: multiple linear regression, descriptive testing, data normality test, heteroskedasticity test, multicollinearity test, determination test, t-test, and F test.
 The results showed that the company's capital structure and working capital turnover significantly had a positive effect on firm value. While the intellectual capital structure does not affect the value of the company.