IS THERE AN INTELLETECTUAL CAPITAL INFLUENCE IN ACHIEVING RETURN ON EQUITY?

Abstract

This study aims to analyze the effect of intellectual capital on Return on Equity (ROE ) contained in the mining sector companies listed on the Indonesia Stock Exchange since 2011 - 2016 . The method used in measuring intellectual capital is the Value Added Intellectual Coefficient (VAIC ) model Pulic consists of three components , namely Value Added Capital Employed (VACA ) , Value Added Human Capital (VAHU ) and Structural Capital Value Added (STVA ) , while for the measurement of company's financial performance using Return on Equity (ROE ) . The data used are annual financial statements , especially balance sheet and income statement in 2011 - 2016 . The results of this study indicate that the VACA has a significantly positive effect on ROE , VAHU has a significantly positive effect on ROE , STVA has a significantly positive effect on ROE . This means that all three variables have direct relationships . And simultaneous research result of three components of intellectual capital that is VACA , VAHU and STVA have a significant effect to ROE