Mutiara Sianipar, 040610640 (2009) THE IMPACT OF INTELLECTUAL CAPITAL TOWARDS FINANCIAL PROFITABILITY AND OF INDONESIAN INVESTORS CAPITAL GAIN ON SHARES AN EMPIRICAL INVESTIGATION OF INDONESIAN BANKING AND INSURANCE SECTOR FOR YEAR 2005-2007. Skripsi thesis, UNIVERSITAS AIRLANGGA.

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Abstract

The principal purpose of this study is to investigate the influence of efficiency of value added by the major components of a firm’s resource base (physical capital, human capital, and structural capital) toward financial profitability (indicates by return on asset and return on equity) and also investors’ capital gain on shares. Data is drawn from total of 22 and 10 samples of publicly traded banking and insurance firms respectively. Empirical analysis is conducted using correlation and linear multiple regression analysis. Findings from the empirical analysis on banking sector suggest that association between the efficiency of value added by a firm’s major resource bases and (1) return on Asset, (2) return on equity, and (3) capital gain, are generally limited and insignificant. In contrast, findings from statistical regression analysis for insurance sector confidently proved that there are significant association between efficiency of value added intellectual capital toward financial profitability and investors’ capital gain.

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