Proceedings of the Asia Pacific Business and Economics Conference (APBEC 2018)

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Intellectual Capital and Firm Performance: Applying a Modified Value-Added Coefficient

Authors
Vera Diyanty, Mitha Dwi Restuti, Vera Diyanti, Elvia R. Shauki
Corresponding Author
Vera Diyanty
Available Online July 2019.
DOI
10.2991/apbec-18.2019.16How to use a DOI?
Keywords
MVAIC; firm performance; knowledge-based industry; Southeast Asia country
Abstract

Knowledge-based industries base their business processes on intellectual capital. This study, conducted in Southeast Asian countries, examines the influence of intellectual capital on financial performance and market performance of a company in the knowledge-based industry. Intellectual capital is measured using the Modified Value Added Intellectual Coefficient (MVAIC). This study uses a one-year time lag for MVAIC measurements and performance. The sample set consisted of 242 companies. The tests, performed using multiple regressions, analyzed MVAIC and MVAIC components consisting of Human Capital Efficiency (HCE), Structural Capital Efficiency (SCE), Relational Capital Efficiency (RCE), and Capital Employed Efficiency (CEE). The research showed that intellectual capital (MVAIC) has a positive effect on financial and market performance. The components of MVAIC have different effects; for example, HCE has a positive effect on financial and market performance. This result proves that human capital plays an important role in a company in the knowledge-based industry. SCE has no effect on financial and market performance, RCE has no effect on financial and market performance, and CEE has a positive effect on financial performance and no effect on market performance.

Copyright
© 2019, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the Asia Pacific Business and Economics Conference (APBEC 2018)
Series
Advances in Economics, Business and Management Research
Publication Date
July 2019
ISBN
978-94-6252-766-9
ISSN
2352-5428
DOI
10.2991/apbec-18.2019.16How to use a DOI?
Copyright
© 2019, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

risenwbib
TY  - CONF
AU  - Vera Diyanty
AU  - Mitha Dwi Restuti
AU  - Vera Diyanti
AU  - Elvia R. Shauki
PY  - 2019/07
DA  - 2019/07
TI  - Intellectual Capital and Firm Performance: Applying a Modified Value-Added Coefficient
BT  - Proceedings of the Asia Pacific Business and Economics Conference (APBEC 2018)
PB  - Atlantis Press
SP  - 114
EP  - 123
SN  - 2352-5428
UR  - https://doi.org/10.2991/apbec-18.2019.16
DO  - 10.2991/apbec-18.2019.16
ID  - Diyanty2019/07
ER  -