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An Indonesian Empirical Study of The Relationship between Firm’s Intellectual Capital, Financial Performance and Market Value

Management Analysis Journal · Vol. 9 No. 4 (2020) · pp. 451–458

DOI
10.15294/maj.v9i4.40844
ISSN
2502-1451, 2252-6552
Published
2020-12-31
Publisher
Universitas Negeri Semarang
Language
eng

Abstract

The purpose of this study is to explain the effect of Intellectual Capital on the company’s financial performance and market value. The population used in this study are all large trasing subsector companies listed on the Indonesia Stock Exchange during the 2009-2018 studi period. The sampling technique in this study uses a purposive sampling technique that uses criteria that have been determined by researches in order to obtain a sample of 13 companies. The testing tool used is Partial Least Square (PLS) version 2.0. The result of this study indicate that there is a positive and significant influence of intellectual capital on the company’s financial performance and intellectual capital also has a positive and significant on the company’s market value.The suggestion in this research is companie wish to consider the use of intellectual capital to improve financial performance and market value of the company.

Collaboration network of the authors

22 authors · 45 co-authorship links

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Co-authorOrganisationJoint articles
Siti RidloahAffiliation unknown3
Vina Nurul HusnaAffiliation unknown2
Nina WitasariAffiliation unknown2
Rama Fajar ShidiqAffiliation unknown2
Muhammad Zain AlfainAffiliation unknown2
Achmad Nauval WaliuddinAffiliation unknown2
Alan Ragil MaulanaAffiliation unknown1
kris Brantas AbiprayuAffiliation unknown1
Syam WidiaAffiliation unknown1
Ervina Dwi SeptianiAffiliation unknown1
Erisa Aprilia WicaksariAffiliation unknown1
Noor HudallahAffiliation unknown1
Wahyuni Nur AzizahAffiliation unknown1
Shofiyah 'Ulaa Laathi'fahAffiliation unknown1
Hanum Febby EriyantiAffiliation unknown1
Rizkia Duwi PutriAffiliation unknown1
Vini Wiratno PutriAffiliation unknown1
Ledi DiyanasariAffiliation unknown1
Adhi SetyantoAffiliation unknown1
Ismail Okta KurniawanAffiliation unknown1

Affiliations come from OpenAlex; journal OAI-PMH metadata carries none. Authors without an OpenAlex ID are matched by name, which can merge or split people.

Metadata source: OAI-PMH (metadata jurnal) https://journal.unnes.ac.id/sju/index.php/maj/oai, first harvested 6 Nov 2026, last seen 6 Nov 2026.
Original metadata (oai_dc) 
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	<dc:title xml:lang="en-US">An Indonesian Empirical Study of The Relationship between Firm’s Intellectual Capital, Financial Performance and Market Value</dc:title>
	<dc:creator>Silviani, Debby Andria</dc:creator>
	<dc:creator>Noekent, Vitradesie</dc:creator>
	<dc:description xml:lang="en-US">The purpose of this study is to explain the effect of Intellectual Capital on the company’s financial performance and market value. The population used in this study are all large trasing subsector companies listed on the Indonesia Stock Exchange during the 2009-2018 studi period. The sampling technique in this study uses a purposive sampling technique that uses criteria that have been determined by researches in order to obtain a sample of 13 companies. The testing tool used is Partial Least Square (PLS) version 2.0. The result of this study indicate that there is a positive and significant influence of intellectual capital on the company’s financial performance and intellectual capital also has a positive and significant on the company’s market value.The suggestion in this research is companie wish to consider the use of intellectual capital to improve financial performance and market value of the company.</dc:description>
	<dc:publisher xml:lang="en-US">Universitas Negeri Semarang</dc:publisher>
	<dc:date>2020-12-31</dc:date>
	<dc:type>info:eu-repo/semantics/article</dc:type>
	<dc:type>info:eu-repo/semantics/publishedVersion</dc:type>
	<dc:type xml:lang="en-US">Peer-reviewed Article</dc:type>
	<dc:format>application/pdf</dc:format>
	<dc:identifier>https://journal.unnes.ac.id/sju/maj/article/view/40844</dc:identifier>
	<dc:identifier>10.15294/maj.v9i4.40844</dc:identifier>
	<dc:source xml:lang="en-US">Management Analysis Journal; Vol 9 No 4 (2020): Management Analysis Journal; 451-458</dc:source>
	<dc:source>2502-1451</dc:source>
	<dc:source>2252-6552</dc:source>
	<dc:source>10.15294/maj.v9i4</dc:source>
	<dc:language>eng</dc:language>
	<dc:relation>https://journal.unnes.ac.id/sju/maj/article/view/40844/17776</dc:relation>
	<dc:rights xml:lang="en-US">Copyright (c) 2020 Management Analysis Journal</dc:rights>
</oai_dc:dc>