Economic actors are no longer looking at a business entity based on intangible assets and financial assets, but also based on intangible assets that can affect its survival and to improve the competitve advantage by considering the intellectual capital. This work evaluates the effect of intellectual capital on financial performance and the value of the company.VAIC ™ method was used to gauge the capital. Variables in this work are Human Capital Efficiency (HCE), Structural Capital Efficiency (SCE), and Capital Employed Efficiency (CEE). The financial performance of the company is proxied by Return on Assets (ROA), while the value of the company is proxied by Tobins'Q. The samples of this study are 25 companies indexedin Indonesian Stock Exchange (ISE) 2009- 2012. The analysis technique used in this study was multiple linear regression. The research proves that HCE hadsignificant negative effect on ROA and not notable negative effect on Tobins'Q. SCE exhibited a positive, but not significant effect on ROA and the Tobins’Q. CEE demonstrated significant positive effect on ROA and a negative non- significant effect on Tobins'Q.
Volume 11 | 05-Special Issue
Pages: 1276-1284