Pengaruh Intellectual Capital Terhadap Kinerja Keuangan Dengan Strategi Sebagai Variabel Pemoderasi (Studi Empiris pada Perusahaan Manufaktur Yang Tecatat di Bursa Efek Indonesia Periode 2011-2015)

Abstract

The purpose of this research is to analyze the influence of intellectual capital and components of intellectual capital, namely human capital efficiency, structural capital efficiency, and capital employed efficiency towards financial performance with strategy as moderation variable. Samples of the research are manufacturing companies listed in Indonesia Stock Exchange (IDX) for the period of 2011-2015. Hypotheses are tested with SPSS 17.0. The result of this research shows that intellectual capital and components of intellectual capital, namely human capital efficiency (HCE), structural capital (SCE), and capital employed efficiency (CEE) significantly affect toward financial performance Return on Assets (ROA) with positive relationship. This research shows the moderation variable, innovation strategy is enchancing the relation between intellectual capital and financial performance. The cost efficiency strategy is not able to significantly moderate the relation between intellectual capital and financial performance