Indonesia Conference Directory


<< Back

IPO Companies: The Effect of Intellectual Capital
Yani Permatasari, Fenty Vania Putri Tyasmi

Department of Accountancy
Faculty of Economics and Business
Universitas Airlangga


Abstract

Intellectual Capital (IC) in the "knowledge economy" has the ability to create value added that can provide a competitive advantage for a company. This study aims to examine the influence of Intellectual Capital (IC) on the financial performance and market value of 71 companies that made an Initial Public Offering (IPO) in 2011-2015. In this research IC is measured by using Value Added Intellectual Capital (VAICTM) method, and to test the effect on financial performances and market value used Partial Least Square (PLS) for the data analysis. The result of the research shows that (1) IC has positive and significant influence on companys financial performance during IPO, (2) IC has positive influence to market value of company during IPO, but it is not significant, (3) IC has positive and significant influence on companys financial performance in the future, and (4) IC has a positive influence on the market value of company in the future, but it is not significant.

Keywords: Intellectual Capital, Financial Performances, Market Value, Initial Public Offering

Topic: Enviromental Accounting

Link: https://ifory.id/abstract/hR6DKBQXufkt

Conference: International Conference on Sustainable Environmental Development and Economical Growth (ISEDEG 2019)

Plain Format | Corresponding Author (Yani Permatasari)

Featured Events

<< Swipe >>
<< Swipe >>

Embed Logo

If your conference is listed in our system, please put our logo somewhere in your website. Simply copy-paste the HTML code below to your website (ask your web admin):

<a target="_blank" href="https://ifory.id"><img src="https://ifory.id/ifory.png" title="Ifory - Indonesia Conference Directory" width="150" height="" border="0"></a>

Site Stats