The paper seeks to estimate and analize the Modified VAIC (M-VAIC) for measuring the value-based performance of the Indonesian banking sector for year of 2009-2012. M-VAIC is a comprehensive model to measure Intellectual Capital Performance (ICP) based on Value Added Intellectual Coefficient (VAIC™). The findings of this study indicate that the value of M-VAIC of Indonesian banking sector has a rather long range, which is between -21.41 until 5.20. Based on M-VAIC scores, performance of IC is classified into four, namely Top Performers, Good Performers, Performers Common, and Bad Performers. The results show that the ranking of three of the four state banks are on the Top Performers category. M-VAIC can be used to measure the ICP all of industries, not only banks. This is also reinforced by the results of the regression that indicate that the value added (VA) is a function of capital employed and the IC.

Abstract

The purpose of this study is to investigate the Intellectual Capital Disclosure (ICD) practice of Indonesian banking companies. IC framework used in this study is a modification of IFAC (1998) and Guthrie et al. (1999) with Bapepam-LK regulation number: Kep-431 / BL / 2012. Data were drawn from Indonesian banking companies listed on Indonesia Stock Exchange for three years, 2006, 2009, and 2012. The samples consist of 64 banks. Data analysis was performed through content analysis with weighting/scoring between 0-3, referred to the 'four way numerical coding system'. Overall, the number of ICD in the annual report increased from 2006, 2009, and 2012 except for the components of relational capital (RC) which fluctuated. Viewed from the weight of the disclosure are analyzed with numerical coding system four way, it appears that the majority of IC information disclosed are in the form of a narrative.

The purpose of this study is to construct a concept of intellectual capital (IC) components that relevant to Indonesian universities. This concept will very useful for universities to disclose their information on IC, both in their website and annual report. This concept will useful for researchers to assess the extent of information on IC that disclosed by universities. This study based on Leitner ’s framework (2002) that has been widely used in research on university’s IC. The methods used in this study are documentation, interview, and peer examination. The interview was conducted with UMM internal stakeholders which has a direct relationship with the university management of IC. Besides, interview also conducted with BAN-Dikti’s assessors to accelerate between components of IC with accreditation standards BAN-PT . The result show that this study success to construct a set of component of IC that relevant for Indonesian universities. The resulting number of IC components is 46 items, 7 items more than IC component composed by Leitner (2002).

Tujuan pelaporan keuangan adalah untuk menyajikan informasi yang berguna bagi pengambilan keputusan ekonomi tentang posisi keuangan dan kinerja perusahaan (FASB, 1978; IASC, 1989). Aturan akuntansi tentang pengakuan aset menunjukkan bahwa sebagian besar aset tak berwujud tidak dapat dimasukkan ke neraca khususnya jika mereka dikembangkan secara internal. Meskipun secara umum diterima bahwa investasi pada aset tak berwujud (intangible assets) adalah sumber daya yang penting bagi kinerja masa depan. Semua beban yang dikeluarkan untuk mengembangkan aset tak berwujud harus langsung dibebankan sebagai beban dalam laporan laba rugi (Marr 2005