PERAN BUSINESS STRATEGICS DALAM MEMODERASI HUBUNGAN ANTARA INTELLECTUAL CAPITAL DAN FINANCIAL PERFORMANCE PADA PERUSAHAAN LQ 45

Abstract

The study is conducted with the purpose of acquiring empirical evidence related
to the influence of intellectual capital (IC) in calculation of value added
(VAICTM) and also each components of IC, there are capital employed efficiency
Value Added of Capital Employed (VACA), Value Added Human Capital (VAHU)
and Structural Capital Value Added (STVA) toward the financial performance
(ROA) of Business Strategics there are Asset Utilization Efficiency (AUE) and
Premium Price Capability (PPC) as an moderating variable.
The data used in this study were obtained financial data from the financial
statements of each company and a sample. The method of analysis is fixed effect
analysis using multiple regression with SPSS version 23. The population used in
this study is a LQ45 company listed on the Indonesia Stock Exchange in 2011-
2015, with a total sample of 18 companies.
Based on this research, it was found that the variable Value Added of Capital
Employed (VACA) and Value Added Human Capital (VAHU) have a significant
effect on Return on Asset (ROA), while Structural Capital Value Added (STVA)
has no significant effect on Return on Asset (ROA). The relationship of
Intellectual capital (VAICTM) variable have a significant effet on the Return on
Asset (ROA) through Asset Utilization Efficiency (AUE) and Premium Price
Capability (PPC) as an moderating variable.