智力资本对公司价值的影响:以印尼银行公司为例

Anita Yesi, Susetyo Didik, Rela Sari
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引用次数: 0

摘要

公司的价值包括决定其长期健康和福祉的所有形式的价值。随着创新的发展,无形资产和企业的商业模式成为企业价值的重要组成部分。本研究旨在确定智力资本对印尼银行公司价值的影响。分析还涵盖了影响公司价值的其他因素,即公司规模和良好的公司治理。本研究的对象是在印尼证券交易所上市的43家印尼银行公司。分析数据来自公司2015-2020年的财务报表,这些报表发布在印度尼西亚证券交易所网站(www.idx.co.id)和公司网站上。分析的方法学基础是在EViews程序中执行的面板数据回归。在本研究中,公司价值采用托宾q来衡量。智力资本是基于物质资本、人力资本和结构资本所创造的附加价值来衡量的。公司规模是用总资产的自然对数来衡量的。良好的公司治理是通过管理层所有权、机构所有权、审计委员会和委员会来衡量的。研究结果表明,智力资本显著影响印尼银行公司的价值。此外,公司的价值还受其规模和实施良好的公司治理的影响。定性分析的结果表明,智力资本通过增加竞争优势、促进创新、提高员工能力和运营效率等多种方式影响企业组织。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
The Effect of Intellectual Capital on the Company Value: The Case of Banking Companies in Indonesia
The value of the company includes all forms of value that determine its health and well-being in the long run. With the development of innovations, intangible assets and firm's business model became an important component of the company's value. This study aims to determine the effect of intellectual capital on the value of banking companies in Indonesia. The analysis also covers other factors affecting the company's value, namely the company's size and good corporate governance. The object of the study is 43 banking companies in Indonesia whose shares are listed on the Indonesian Stock Exchange. The data for the analysis are taken from the financial reporting forms of companies for 2015-2020, which are published on the website of the Indonesian Stock Exchange (www.idx.co.id) and the companies’ websites. The methodological basis of the analysis is panel data regression performed in the EViews program. Company value in this study is measured using the Tobin Q. Intellectual capital is measured based on the added value created by physical capital, human capital and structural capital. Company size is measured using the natural logarithm of total assets. Good corporate governance is measured through managerial ownership, institutional ownership, audit committee and board of commissioners. The study results show that intellectual capital significantly impacts the value of banking companies in Indonesia. In addition, the company's value is also affected by its size and implementation of good corporate governance. The results of the qualitative analysis indicate that intellectual capital affects the business organization in various ways, such as increasing competitive advantage, promoting innovation, increasing employee competence and operational efficiency.
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