STRUKTUR MODAL, MODAL INTELEKTUAL, DAN NILAI PERUSAHAAN PADA PERBANKAN INDONESIA

Lia Uzliawati, Rita Rosiana, Desi Kurniasari

Abstract


This study aimed to analyze the effect of capital structure and intellectual capital on firm value. Capital structure in this study measured by Long Term Debt to Equity Ratio (LTDER). The model that used to measure intellectual capital was Pulic model (1998) Value Added Intellectual Coefficient (VAIC). The ratio that used to measure firm value was Price to Book Value Ratio (PBV). This study used conventional banking companies listed in Indonesia Stock Exchange during the period 2008-2013 with a total of 192 sample used were firm observation years. The analysis model used in this study is multiple linier regression using SPSS software version 19.0. Based on the results of multiple linier regression, the study found that the capital structure has no effect on firm value and intellectual capital has a positives effect on firm value.

Keywords: Capital Structure, Intellectual Capital, Firm Value, PBV, dan Perbankan


Full Text:

PDF

References


Agnes. 2013. Pengaruh Kepemilikan Manajerial, Struktur Modal dan Ukuran Perusahaan Terhadap Nilai Perusahaan. Jurnal Manajemen Vol. 2 No. 1.

Asiri, Batool K dan Hameed, Salwa A. 2014. Financial Ratio and Firm’s Value in The Bahrain Bourse. Research Journal of Finance and Accounting Vol. 5 No. 7, 2014.

Atmaja, Lukas Setia. 2008. Teori dan Praktik Manajemen Keuangan. Yogyakarta: Andi.

Ayunigtias, Dwi. 2013. Pengaruh Profitabilitas Terhadap Nilai Perusahaan: Kebijakan Deviden dan Kesempatan Investasi Sebagai Variabel Antara. Jurnal Ilmu dan Riset Akuntansi Vol. 1 No. 1.

Chen, Ming-Ching., Cheng, S. J & Hwang, Y. 2005. An Empirical Investigation of The Relationship Between Intellectual Capital and Firm’s Market Value and Financial Performance. Journal of Intellectual Capital Vol. 6 No. 2, 2005 pp. 159-176.

Deegan, Craig. 2004. Financial Accounting Theory. Australia : The McGraw-Hill Companies, Inc.

Ekowati, Serra., Oman, Rusmana & Mafudi. 2012. Pengaruh Modal Fisik, Modal Finansial, dan Modal Intelektual Terhadap Kinerja Perusahaan Pada Perusahaan Manufaktur di Bursa Efek Indonesia. Jurnal Universitas Jendral Soedirman.

Husnan, Suad dan Enny Pudjiastuti. 2012. Dasar-dasar Manajemen Keuangan. Yogyakarta : UPP AMP YKPN.

Maditinos, Dimitros., Dimitros, Chatzoudas & Charalampos, Tsairidis. 2011. The Impact of Intellectual Capital on Firms Market Value & Firm Performance. Journal of Intellectual Capital Vol. 12 No. 1, 2011 pp. 132-151.

Mavridis, Dimitros G. 2004. The Intellectual Capital Performance of The Japanese Banking Sector. Journal of Intellectual Capital Vol. 5 No. 1 2004.

Mondal, Amitava dan Gosh Sentanu Kumar. 2012. Intellectual Capital and Financial Performance of Indian Banks. Journal of Intellectual Capital Vol. 13 No. 4, 2012 pp. 515-530.

Ogbulu, Onyemachi Maxwell. 2012. Capital Structure and Firm Value: Evidence From Nigeria. International Journal of Business and Social Science Vol. 3 No. 19; October 2012.

Putra, I Gede Cahyadi. 2012. Pengaruh Modal Intelektual Pada Nilai Perusahaan Perbankan yang Go Public di Bursa Efek Indonesia. Jurnal Ilmiah Akuntansi dan Humanika JINAH Vo. 2 No. 1 ISSN 2089-3310.

Pulic, Ante. 1998. Measuring the performance of intellectual potential in knowledge economy.

Riduwan. 2011. Dasar-dasar Statistika. Bandung: Alfabeta.

Safrida, Eli. 2008. Pengaruh Struktur Modal dan Pertumbuhan Perusahaan Terhadap Nilai Perusahaan Pada Perusahaan Manufaktur di Bursa Efek Jakarta. Tesis Universitas Sumatera Utara. Sekaran, Uma. 2011. Research Methods For Business Metodologi Penelitian untuk Bisnis. Jakarta: Salemba Empat.

Solihah, Euis & Taswan. 2002. Pengaruh Kebijakan Hutang Terhadap Nilai Perusahaan Serta Beberapa Faktor yang Mempengaruhinya. Jurnal Bisnis dan Ekonomi.

Sudarsono, Heri. 2009. Dampak Krisis Keuangan Global Terhadap Perbankan di Indonesia : Perbandingan antara Bank Konvensional dan Bank Syariah. Jurnal Ekonomi Islam Vol III No. 1.

Sujoko & Ugy Soebiantoro. 2007. Pengaruh Struktur Kepemilikan Saham, Leverage, Faktor Intern dan Faktor Ekstern Terhadap Nilai Perusahaan. Jurnal Manajemen dan Kewirausahaan Vol. 9 No. 1.

Ulum, Ihyaul. 2009. Intellectual Capital Konsep dan Kajian Empiris. Yogyakarta : Graha Ilmu.

https://www.cimbniaga.com/?ch=gen_about& pg=gen_about_news&ac=271 (diakses pada tanggal 18/12/2014 – 6.37 AM)

http://ekbis.sindonews.com/read/935312/34/m andiri-resmikan-kantor-cabang-ke-2900-1418199146 (diakses pada tanggal 18/12/2014 – 6.37 AM)




DOI: https://doi.org/10.35591/wahana.v18i2.110

Wahana: Jurnal Ekonomi, Manajemen dan Akuntansi
ISSN : 2685-1415 (Online) | 1410-8224 (Print)
Published by Pusat Penelitian dan Pengabdian Masyarakat Akademi Akuntansi YKPN Yogyakarta.
Jl. Gagak Rimang No. 2-4 Balapan, Kotak Pos 6417 YKGK 
Phone (0274) 560159, 562317, 513413, 563516 Fax. (0274) 561591 
Yogyakarta 55222

This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.