ANALISIS PENGARUH ELEMEN INTELLECTUAL CAPITAL TERHADAP KINERJA KEUANGAN (STUDI PADA BUMN YANG TERDAFTAR DI BEI).

This study aims to analyze the influence that proxy element with Intellectual Capital Intellectual Capital Value Added ( VAICTM ) the company's financial performance as measured by return on assets ( ROA ) . VAICTM elements consist of Value Added Human capital ( VAHU ) , Structural Capital Value Added ( STVA ) , and Value Added Capital employed ( VACA ) .
The population used in this study is a state-owned company listed on the Indonesia Stock Exchange in 2008-2012. Sampling was conducted using a purposive sampling method in order to obtain the 70 companies that will be used as a sample . This hypothesis was tested using multiple linear regression models .
Hypothesis testing is done using simultaneous significance test ( F test ) and partial significance test ( t test ) with α = 5 % . F test results indicate that the Value Added Human capital ( VAHU ) , Structural Capital Value Added ( STVA ) , and Value Added Capital employed ( VACA ) have significant impact together on financial performance . T-test results show that Structural Capital Value Added ( STVA ) has no effect on financial performance . Meanwhile , the Human Capital Value Added ( VAHU ) and Value Added Capital employed ( VACA ) positive effect on financial performance .
Keywords : Human Capital Value Added ( VAHU ) , Structural Capital Value Added ( STVA ) , Value Added Capital employed ( VACA ) , Financial Performance , Return on Assets ( ROA ) .