Abstract
This research using leverage as the control variable to measure the relationship between IC and ROA and IC – market value indirect relationship. IC was measured with VAICTM method; ROA was used as the measurement that represented profitability. The market value was measured with a price-to-book value (PBV) ratio. The research was conducted on 215 companies in Indonesia Stock Exchange as samples in 2014 from six industry sectors those included in high-IC intensive classification by GICS. Analysis descriptive method was used on secondary data. MS Excel and EViews were used to process the data. F-test and t-test were used to test the hypothesis on 5%-significance. The results showed that IC influences ROA significantly; simultaneously and partially. IC also influences market value directly and indirectly through ROA, though the indirect influence is greater.
Recommended Citation
Yovita, Marcellina and Amrania, Gia Kardina Prima
(2018)
"The Influence of Intellectual Capital to Market Value with Return on Assets as Intervening Variable,"
Journal of Accounting Auditing and Business: Vol. 1:
No.
2, Article 2.
Available at:
https://journal.unpad.ac.id/jaab/vol1/iss2/2