PENGARUH MODAL INTELEKTUAL DAN PENGUNGKAPAN MODAL INTELEKTUAL PADA NILAI PERUSAHAAN DENGAN KINERJA KEUANGAN SEBAGAI VARIABEL INTERVENING PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDON

The aim of the research is to analyze and to get the empirical prove on the intellectual capital influence which is measured with VAIC and intellectual capital disclosure using Singh and Zahn index (2008) to the company value (EPS) with the company performance (ROE) as intervening variable. The sample of this research was the registered company of Indonesian Stock Market (2011-2013). The first and the second hypotheses were rejected. These may be caused of there was no basic standard to measure the intellectual capital value in Indonesia. The third hypothesis is accepted. The result of the research showed that intellectual capital has positive effects to the company values indirectly through company performance as intervening variable. The fourth hypothesis successfully approved that intellectual capital disclosure has positive impact to the company performance. The fifth hypothesis was rejected. It may be caused by the intellectual capital which has not reflected the company value as it is non-salaried. The last hypothesis successfully proved that intellectual capital disclosure affects the company value through the company performance as intervening variable