Green Intellectual Capital and Financial Performance of Manufacturing Companies in Indonesia

DOI

10.2991/piceeba-18.2018.79How to use a DOI?

Keywords

value added capital assets, value added human capital, structural value added, corporate social responsibility, financial performance

Abstract

This study aims to find the influence of intellectual capital with financial performance in Indonesian Stock Exchange. The independent variable of this research is element of Green Intellectual Capital, consist of intellectual capital and corporate social responsibility (CSR). Intellectual capital calculation used public method, 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 return on Assets (ROA). This research using secondary data from annual report. This research used multiple regressions that measured by Guilford standards value (1956). 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 intellectual capital elements. Invest in human capital and then invest in STVA is high enough but invest in VACA is very low. CSR action by corporate is not influence to financial performance. They are more interested to low price and a 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.

Copyright

© 2018, 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  - Erinos NR
AU  - Yurniwati Yurniwati
PY  - 2018/07
DA  - 2018/07
TI  - Green Intellectual Capital and Financial Performance of Manufacturing Companies in Indonesia
BT  - Proceedings of the First Padang International Conference On Economics Education, Economics, Business and Management, Accounting and Entrepreneurship (PICEEBA 2018)
PB  - Atlantis Press
SP  - 613
EP  - 618
SN  - 2352-5428
UR  - https://doi.org/10.2991/piceeba-18.2018.79
DO  - 10.2991/piceeba-18.2018.79
ID  - NR2018/07
ER  -