Analysis of Value Added Intellectual Coefficient on Company Performance (Return on Assets and Assets Turn Over) in Companies as Joint in LQ 45

Abstract

VAIC or Value Added Intellectual Coefficient (also known as Value Creation Efficiency Analysis) as a solution offered by Pulic on the issue of measuring Intellectual Capital.An indicator that can be used in calculating the efficiency of the value generated by the company is VAIC which is obtained by combining CEE, HCE and SCE. VAIC is an indicator of Intellectual Capital that focuses on the total efficiency of the company. The aim of this study was to determine the effect of VAIC partially and simultaneously on the Return On Assets and Assets Turn Over of companies that are members of LQ 45.This study uses multiple linear regression analysis for companies that are members of the LQ 45 which are listed on the BEI for 2 consecutive years, starting from the 2018 - 2021 period using the purposive sampling method, so that 19 companies were selected as samples.The research results obtained by HCE have a partial effect on the ROA of companies that are members of LQ 45, while CEE and SCE do not have a partial effect on the ROA of companies that are members of LQ 45.CEE, HCE and SCE have no partial influence on the ATO of companies that are members of LQ 45.

Keywords: Value Added Intellectual Coefficient, Return On Assets, Assets Turn Over

DOI: 10.7176/RJFA/14-14-04

Publication date:July 31^st 2023