Pengaruh Intellectual Capital terhadap Market Capitalization pada Perusahaan Manufaktur di BEI 2006

Abstract

The change of business environment gave a lot of influence for company financial reporting, especiallyfor intangible assets reporting. The cause isfrom currentfinancial statements failure, to give information for what become value creator in the company. Based from that idea, this research have purpose to figure out the intellectual capital influence, especially from its own dimension (capital employed, human capital, ICD, Book Value, and ROADi in relation with market capitalization. This research is categorizedas a quantitative descriptive research with 88 manufactur company sample, that listed in BE] during 2006 period, with the component characteristic that will be as an object, written completely byfinancial statement documentation. For the next, data will be analyzed with multiple regression analyze method The result was : (1) Capital employed have positive influence and nonsignificant toward market capitalization, so hypothesis rejected. (2) Human capital have negative influence and non-signficant toward market capitalization, so hypothesis rejected. (3) Structural capital have positive and non-significant toward market capitalization, so hypothesis rejected. (4) ICD have negative influence and significant toward market capitalization, so hypothesis rejected. (S) Book Value have positive influence and significant toward market capitalization, so hypothesis accepted. (6) ROADS have positive influence and significant towardmarket capitalization, so hypothesis accepted. Keywords : market capitalization, intellectual capital, employed capital, structural capital, human capital, ICD, BV, and ROADiff