P I C E E B A, 1ST PICEEBA 2018

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Green Intellectual Capital and Financial Performance of Corporate Manufacture In Indonesia
Erinos NR, Yurniwati Yurniwati

Last modified: 2018-06-29

Abstract


This study aimed to influence of green intellectual capital to financial performance in Indonesian Stock Exchange. The independent variable is element of Green Intelectual Capital consisting intellectual capital and Corporate social responsibility (CSR). Intellectual Capital calculation using Pulic methods, that is consisting of VACA (Value Added Capital Assets), VAHU (Value Added Human Capital), STVA (Structural Value Added). Corporate Social Responsibility (CSR) measured by action of corporate to public environment. Financial performance is measured by using the Return On Assets (ROA). The research is using secundery data from companies annual report. Data analysis is multiple regression and then measured by Guilford standar value (1956). Result of research found that green intellectual capital has positive effect to financial performance but the effect is not significant. It is caused by imbalance investment in intellectal capital elements. Invest in human capital and than invest in STVA enough to high but invest to VACA is very low. CSR action by corporate is not influence to financial performance. They are more interested to low price and high quality product. This study suggests, invest to intellectual capital must be balanced to achieve high financial performance in future and CSR action by corporate subject to increase people income.

Keywords: Value Added Capital Assets, Value Added Human Capital, Structural Value Added, Corporate Social responsibility, Financial performance.


Keywords


Value Added Capital Assets, Value Added Human Capital, Structural Value Added, Corporate Social responsibility, Financial performance

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