PENGARUH STRUKTUR KEPEMILIKAN TERHADAP KINERJA INTELLECTUAL CAPITAL (Studi Pada Perusahaan Perbankan yang Terdaftar di Bursa Efek Indonesia Tahun 2005-2007)

Abstract

The aims of this study are to analyze the level of intellectual capital performance and the effect of managerial and institutional ownership on intellectual capital performance. This paperfocused on banking companies listed in Indonesia Stock Exchange (IDX) for period 2005-2007. The method of data collection ispooling method and result 79 observation. The intellectual capital performance is measured by Value Added Intellectual Capital Coeffcient (VAIC~M) which developed by Fulic (1998, 2000). In this paper also used three control variables, they are firm size, leverage and return on asset. The linear regression analysis is used to analyze the effect of managerial and institutional ownership on intellectual capitalperformance. Based on statistical analysis, it is concluded that managerial ownership has no effect to intellectual capital performance, while institutional ownership has a negative effect to intellectual capital performance. Return on asset has a positive effect to intellectual capitalperformance. Firm size and leverage have no effect to intellectual capital performance. VAIC calculation shows that the intellectual capital performance of banking company listed in Indonesia Stock Exchange (IDX)forperiod 2005-2007 are categorized as commonperformers. Keywords: intellectual capital performance, managerial ownership, institutional ownership, Value Added Intellectual Capital Coefficient (VAICTM).