Please use this identifier to cite or link to this item: https://www.um.edu.mt/library/oar/handle/123456789/32382
Title: Intellectual capital and stock market performance of retail trade and property and real estate industry in Indonesia
Authors: Pradana, Harry Anugerah
Nidar, Sulaeman Rahman
Aripin, Zaenal
Keywords: Intellectual capital -- Indonesia
Retail trade -- Indonesia
Real estate business -- Indonesia
Stock exchanges -- Indonesia
Value added -- Indonesia
Issue Date: 2018-07
Publisher: Ahmet Gökgöz
Citation: Pradana, H. A., Nidar, S. R., & Aripin, Z. (2018). Intellectual capital and stock market performance of retail trade and property and real estate industry in Indonesia. Journal of Accounting, Finance and Auditing Studies, 4(3), 105-122.
Abstract: This study aims to analyze the influence of intellectual capital on the value of company. Intellectual capital as an independent variable is measured using the Value Added Intellectual Capital (VAIC) component. On the other hand, company value as a dependent variable is proxied with Price to Book Value (PBV). 28 companies are selected based on purposive sampling method that come from retail trade and property & real estate sectors listed on Indonesia Stock Exchange (BEI) from 2014 to 2016. Both panel data procedure analysis and statistical criteria test were conducted. The findings show that the Value Added Capital Employed (VACA), Value Added Human Capital (VAHU), and Structural Capital Value Added (STVA) significantly influence the Price to Book Value (PBV), where VACA has significant positive effect on PBV, while VAHU and STVA have no significant positive effect on PBV.
URI: https://www.um.edu.mt/library/oar//handle/123456789/32382
Appears in Collections:Journal of Accounting, Finance and Auditing Studies, Volume 4, Issue 3
Journal of Accounting, Finance and Auditing Studies, Volume 4, Issue 3

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