Pengaruh Intellectual Capital Dan Good Corporate Governance Terhadap Economic Value Added
DOI:
https://doi.org/10.22441/jpma.v4i2.13041Keywords:
Intellectual Capital, Independent Commissioner, Economic Value AddedAbstract
This study aims to examine the effect of Intellectual Capital, Independent Commissioners, and Institutional Ownership on Economic Value Added (EVA). The object of the research is the financial report and annual report from manufacturing companies that are published on the Indonesia Stock Exchange during the period 2015-2017. The population in this study were the basic industry and chemical subsector manufacturing companies during the 2015-2107 period. The sample used in this study amounted to 42, sample data taken using a purposive sampling method that is selected by determining certain criteria. Intellectual Capital variables are measured using VACA, VAHU, and STAVA, Independent Commissioners are calculated by dividing the number of independent commissioners by the total members of the board of commissioners, while Institutional Ownership is calculated by dividing the shares owned by institutions by the number of shares outstanding. The data analysis used in this study is a multiple linear regression model. The results showed that Intellectual Capital has a positive effect on Economic Value Added (EVA), Independent Commissioners are not persistent on Economic Value Added (EVA), and the Institution is not the employer of Economic Value Added (EVA).Downloads
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