The Role of Intellectual Capital and Competitive Advantage in Increasing Market Stock Price

DOI

10.2991/aebmr.k.210507.046How to use a DOI?

Keywords

Intellectual Capital, Value-Added Capital Coefficient, Value-Added Human Capital, Structural Capital Value-Added, Competitive Advantage, Stock Market Price

Abstract

The purpose of this study was to analyze the effect of intellectual capital represented by the capital coefficient, human capital, structural capital, and competitive advantage toward stock market prices. The research subject is the mining industry in Indonesia. The unit of analysis is the mining sector which was listed in the Indonesia Stock Exchange (IDX) from 2016 to 2018. The total population is 123 data, while the sampling method is the saturated sampling, so the number of samples is 123. Data analysis method used is the explanatory causal method. The analytical tool used is multiple linear regression. The results showed that intellectual capital consisting of value-added capital coefficient, value-added human capital, structural capital value-added, and competitive advantage simultaneously and significantly affects stock market price. As the results of partial data processing, structural capital value-added and competitive advantage significantly affects stock market price. Meanwhile, value-added capital coefficient and value-added human capital have no effect on stock market price. The finding of this study is that structural capital value-added and competitive advantage have the ability to increase stock market price in the capital market. The conclusion is that the structural capital value-added and competitive advantage can be called as an information that has relevance value in investors’ decision making.

Copyright

© 2021, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Sri Handayani
AU  - Yosevin Karnawati
PY  - 2021
DA  - 2021/05/09
TI  - The Role of Intellectual Capital and Competitive Advantage in Increasing Market Stock Price
BT  - Proceedings of the Ninth International Conference on Entrepreneurship and Business Management (ICEBM 2020)
PB  - Atlantis Press
SP  - 304
EP  - 310
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210507.046
DO  - 10.2991/aebmr.k.210507.046
ID  - Handayani2021
ER  -