Pengaruh Intellectual Capital, Likuiditas, Dan Leverage Terhadap Kinerja Keuangan Perusahaan Subsektor Otomotif Dan Komponen Otomotif Di Bursa Efek Indonesia
Abstract
Penelitian ini bertujuan untuk mengetahui pengaruh intellectual capital, likuiditas, dan leverage terhadap kinerja keuangan perusahaan. Bentuk penelitian asosiatif dengan model regresi linear berganda. Objek penelitian pada sepuluh Perusahaan Subsektor Otomotif dan Komponen Otomotif. Penelitian ini menemukan bahwa intellectual capital berpengaruh positif terhadap kinerja keuangan perusahaan, leverage berpengaruh negatif, sedangkan likuiditas tidak berpengaruh. Sebesar 51,6 persen variasi dari kinerja keuangan mampu dijelaskan oleh VAICTM, CR, dan DER yang digunakan dalam penelitian ini.
References
Billett, M. T., Yu, M. (2016). Asymmetric Information, Financial Reporting, and Open-Market Share Repurchases. Journal of Financial and Quantitative Analysis, 51(4), 1165-1192.
Chaney, P. K., Lewis, C. M. (1995). Earnings Management and Firm Valuation Under Asymmetric Information. Journal of Corporate Finance, 1(3-4), 319-345.
Daryanto, W. M., Samidi, S., & Siregar, D. J. (2018). The Impact of Financial Liquidity and Leverage on Financial Performance: Evidence from Property and Real Estate Enterprises in Indonesia. Article, 8, 1345–1352.
Edvinsson, L. (1997). Developing Intellectual Capital at Skandia. Long Range Planning, 30(3), 366–373.
Fahmi, I. (2017). Analisis Kinerja Keuangan. Bandung: Alfabeta.
Harjito, D. A., & Martono. (2014). Manajemen Keuangan (2nd ed.). Yogyakarya: Ekonisia.
Irman, M., Purwati, A. A., & Julianti. (2020). Analysis on The Influence FF Current Ratio, Debt to Equity Ratio and Total Asset Turnover toward Return on Assets on the Otomotive and Component Company that Has Been Registered in Indonesia Stock Exchange Within 2011-2017. International Journal of Economics Development Research, I(1), 36–44.
Kasmir. (2018). Analisis Laporan Keuangan, Edisi Pertama. Depok: RajaGrafindo Persada.
Musah, M., & Kong, Y. (2019). Leverage and Financial Performance: The Correlational Approach. Journal, 5(4), 1–8.
Pulic, A. (1998). “Measuring the performance of intellectual potential in knowledge economy”. Paper presented at the 2nd McMaster Word Congress on Measuring and Managing Intellectual Capital by the Austrian Team for Intellectual Potential.
Sawarjuwono, T., & Kadir, A. P. (2003). Intellectual Capital: Perlakuan, Pengukuran dan Pelaporan. Jurnal Akuntansi & Keuangan, 5(1), 35–57.
Shidarta, I., & Affandi, A. (2016). The Empirical Study on Intellectual Capital Approach toward Financial Performance on Rural Banking Sectors in Indonesia. International Journal of Economics and Financial Issues, 6(3), 1247-153.
Spence, M. (2002). Signaling in Retrospect and the Informational Structure of Markets. The American Economic Review, 92(3), 434–459.
Stewart, T. (1998). Intellectual Capital: The New Wealth of Organizations. Book Review, 37(7), 56–59.
Tan, H. P., Plowman, D., & Hancock, P. (2007). Intellectual Capital and Fnancial Returns of Companies. Journal of Intellectual Capital, 8(1), 76–95.
Ulum, I. (2007). Pengaruh Intellectual Capital terhadap Kinerja Keuangan Perusahaan Perbankan di Indonesia. Tesis Universitas Muhammadiyah Malang.
Ulum, I. (2020). Intellectual capital: Model, Pengukuran, Framework, dan Kinerja Organisasi. Malang: Universitas Muhammadiyah Malang.
