Analysis Of Financial Distress With Intellectual Capital In Bumn Companies Listed On The Idx Period 2015-2018
Abstract
The background of this research is to determine the effect of intellectual capital. the authors examine whether the performance of intellectual capital can reduce the likelihood of bankruptcy. The independent variables used in this study are intellectual capital measured by VAIC consisting of VAHU (Value Added Human Capital), VACA (Value Added Capital Employed), and STVA (Value Added Structural Capital). The dependent variable used is financial distress as measured by the financial distress prediction model by Altman Zscore. The sampling technique uses a purposive sampling method with a total sample of 15 state-owned companies from a total population of 20 companies listed on the Indonesia Stock Exchange in the period 2015 to 2018. The analysis technique used is multiple linear regression. The findings show that the performance of intellectual capital negatively influences financial distress.
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