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Modified value-added intellectual coefficient (MVAIC) and traditional financial performance of Indonesian biggest companies

Author

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  • Ihyaul Ulum
  • Noviar Kharismawati
  • Dhaniel Syam

Abstract

The purpose of this study is to examine the influences of intellectual capital performance - measured with modified value added intellectual coefficient (MVAIC) - to four traditional financial performances: return on assets, return on equity, market to book value and price earnings ratio. The data were drawn from 50 biggest market capitalisation companies listed in the Indonesia stock exchange for 8 years (2007-2014). It is an empirical study using WarpPLS 3.0 for the data analysis. The finding shows that: MVAIC influences positively to current and future financial performance. It means that MVAIC can be used to predict the future of financial performance. The results extend the understanding of the role of intellectual capital in creating corporate value and building sustainable advantages for companies in emerging economies.

Suggested Citation

  • Ihyaul Ulum & Noviar Kharismawati & Dhaniel Syam, 2017. "Modified value-added intellectual coefficient (MVAIC) and traditional financial performance of Indonesian biggest companies," International Journal of Learning and Intellectual Capital, Inderscience Enterprises Ltd, vol. 14(3), pages 207-219.
    • Handle: RePEc:ids:ijlica:v:14:y:2017:i:3:p:207-219
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    Cited by:

    1. Kanishka Gupta & T. V. Raman, 2021. "The nexus of intellectual capital and operational efficiency: the case of Indian financial system," Journal of Business Economics, Springer, vol. 91(3), pages 283-302, April.
    2. Ahmed Jinjiri Bala & Aminu Hassan & Kabiru Isa Dandago & Attahir Babaji Abubakar & Zaharaddeen Salisu Maigoshi, 2021. "On the relationship between intellectual capital efficiency and firm value: evidence from the Nigerian oil and gas downstream sector," International Journal of Learning and Intellectual Capital, Inderscience Enterprises Ltd, vol. 18(3), pages 222-251.
    3. Ahmed Jinjiri Bala & Aminu Hassan & Muhammad Liman Muhammad, 2024. "Do board characteristics matter in the relationship between intellectual capital efficiency and firm value? Evidence from the Nigerian oil and gas downstream sector," Future Business Journal, Springer, vol. 10(1), pages 1-24, December.

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