THE EFFECT OF INTELLECTUAL PROPERTY ON THE PERFORMANCE OF NONFINANCIAL
COMPANIES IN INDONESIA WITH A MARKET VALUE APPROACH
Dublin Core
Title
THE EFFECT OF INTELLECTUAL PROPERTY ON THE PERFORMANCE OF NONFINANCIAL
COMPANIES IN INDONESIA WITH A MARKET VALUE APPROACH
COMPANIES IN INDONESIA WITH A MARKET VALUE APPROACH
Subject
Market to Book Value, Market to Book Value of Total Asset, Intellectual Capital,
Total Asset, Debt Ratio to Total Assets
Total Asset, Debt Ratio to Total Assets
Description
The global economy is rising swiftly and transforming into a modern knowledgebased
economy as it enters industrial era 4.0. These advancements have caused many
businesses to rely not only on material assets, but also on intangible assets. The
present economic era also makes competition between firms more intense,
necessitating that companies always provide the best performance in creating value
through their distinctiveness and competitive edge. Based on how the market values
a company, its performance can be measured. This study attempts to determine the
impact of intellectual capital on corporate performance based on market value.
Utilizing the intellectual capital index, this study measures intellectual capital. The
data in this study used a population of all non-financial firms listed on the Jakarta
Stock Exchange as many as 579 firms with an observation period of 2016 - 2020,
which were then selected as research samples of 199 samples. The hypothesis in this
study was analyzed using panel data regression. The results of this study indicate that
intellectual capital has a positive and significant effect on company performance
based on the market value approach. This implies that knowledge regarding how
companies manage their intellectual capital can affect market prices. This research
enables nonfinancial organizations to pay greater attention to intellectual capital,
which is an immaterial asset that may be further developed to create value and
improve performance of an organization.
economy as it enters industrial era 4.0. These advancements have caused many
businesses to rely not only on material assets, but also on intangible assets. The
present economic era also makes competition between firms more intense,
necessitating that companies always provide the best performance in creating value
through their distinctiveness and competitive edge. Based on how the market values
a company, its performance can be measured. This study attempts to determine the
impact of intellectual capital on corporate performance based on market value.
Utilizing the intellectual capital index, this study measures intellectual capital. The
data in this study used a population of all non-financial firms listed on the Jakarta
Stock Exchange as many as 579 firms with an observation period of 2016 - 2020,
which were then selected as research samples of 199 samples. The hypothesis in this
study was analyzed using panel data regression. The results of this study indicate that
intellectual capital has a positive and significant effect on company performance
based on the market value approach. This implies that knowledge regarding how
companies manage their intellectual capital can affect market prices. This research
enables nonfinancial organizations to pay greater attention to intellectual capital,
which is an immaterial asset that may be further developed to create value and
improve performance of an organization.
Creator
Glenn Natanael, Gracia S. Ugut
Source
https://jurnal.stie-aas.ac.id/index.php/IJEBAR
Date
2022
Contributor
peri irawan
Format
pdf
Language
english
Type
text
Files
Collection
Citation
Glenn Natanael, Gracia S. Ugut, “THE EFFECT OF INTELLECTUAL PROPERTY ON THE PERFORMANCE OF NONFINANCIAL
COMPANIES IN INDONESIA WITH A MARKET VALUE APPROACH,” Repository Horizon University Indonesia, accessed April 4, 2025, https://repository.horizon.ac.id/items/show/7917.
COMPANIES IN INDONESIA WITH A MARKET VALUE APPROACH,” Repository Horizon University Indonesia, accessed April 4, 2025, https://repository.horizon.ac.id/items/show/7917.