Intellectual capital and profitability in manufacturing companies listed in Indonesia stock exchange

  • Fikri Kusnandar Master of Management in Faculty of Economics, Sriwijaya University
  • Mohamad Adam Lecturer in Master of Management at the Faculty of Economics, Sriwijaya University
  • Marlina Widiyanti Lecturer in Master of Management at the Faculty of Economics, Sriwijaya University
  • Isnurhadi Isnurhadi Lecturer in Master of Management at the Faculty of Economics, Sriwijaya University
Keywords: intellectual capital, investing, investors, return on asset, stock exchange

Abstract

The purpose of this research is to determine the effect of value-added capital employed (VACA), value-added human capital (VAHU), and structural capital value-added (STVA) on return on assets (ROA) in manufacturing companies listed on the Indonesia Stock Exchange in 2014-2019. The population in this study are manufacturing companies listed on the Indonesia Stock Exchange in the period 2014-2019. The population in this study was 161 manufacturing companies based on the basic industrial and chemical sectors, the consumer goods industry, and various industries. The sampling technique is done through the method of purposive sampling, the number of samples of 25 manufacturing companies listed on the Indonesia Stock Exchange in the period 2014-2019. The results of the analysis show that value-added capital employed (VACA) has a positive and significant effect on the financial performance of manufacturing companies listed on the Indonesia Stock Exchange in the period 2014-2019. Value-added human capital (VAHU) has a positive and significant effect on the financial performance of manufacturing companies listed on the Indonesia Stock Exchange in the period 2014-2019. Structural capital value-added (STVA) has a positive and significant effect on the financial performance of manufacturing companies listed on the Indonesia Stock Exchange in the period 2014-2019. For company management to achieve the desired financial performance, it should focus more on managing intellectual capital. For investors and potential investors to pay more attention to the company's intellectual capital as a consideration in investing.

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Published
2020-08-06
How to Cite
Kusnandar, F., Adam, M., Widiyanti, M., & Isnurhadi, I. (2020). Intellectual capital and profitability in manufacturing companies listed in Indonesia stock exchange. International Journal of Business, Economics & Management, 3(1), 123-133. https://doi.org/10.31295/ijbem.v3n1.159