FAKTOR - FAKTOR YANG MEMPENGARUHI KINERJA INTELLECTUAL PADA PERUSAHAAN YANG LISTING DI BURSA EFEK INDONESIA TAHUN 2006 - 2007

Abstract

Knowledge driven economy makes a change on creation of organizational 's value in the future and organizational 's prospect will depend on how the company use the hidden value from its intangible assets. This study will examine what factors would affect Intellectual Capital, in which human and physical capital are included. Population usedfor this study are all company which offer their stock in BEI in 2006 and 2007. Sample is decided by purposive sampling, that is any company which attach variables completely in their annual reports. Analysis tools that is used is double linear regression analysis and use clasical assumption test formerly. Data screening is use, so that study model is proper enough and fulfil clasical asumption, including normality test, heteroscedasity test, and multicolinearity test. Statistical test shows that IT investment / Ln ITIN (t = - 2,117, p = 0, 043), Constraint to enter market / HASS (t = -2,549,- p = 0, 016), eficiency ofIT system investment / SERV (t = -3,577; p = 0, 001) and company's risk / ITAGASS (t = 2,040; p = 0, 051) have positiveand significant influences to Intellectual Capital (VAIC) on siginificancy level 5yo. Therefore, on Return on Equity / ROE (t = 2,040 ; p = 0, 051) have positive and significant influences to VAIC on significancy level 10%. This study doesn't meet any significant influence evident between Company's Efficiency / FASS (t = 0,554 p = 0,584) to VAIC. Generaly, this study's results support the results of El-Bannany's study (2008). Refference could be given to companies, especially those which rely on science on future economic development. Intellectual capital management, which include human and physic capital, will determine company's success in future globalization era. Key Words: Intellectual Capital, Indonesia Stocks Exchange