Value Creation of Intellectual Capital : Financial Performance Analyses in Indonesian Publicly-Listed Consumer Goods Industry

A paradigm to knowledge-based economy has encouraged companies to increase their quality of employees to respond to the market transformation. Employees are often forgotten as valuable assets since employees are often only represented by wages and salaries, including other related employees' expenses. A trend topic for the upcoming event on ASEAN Free Trade Area (AFTA) in 2015 has increased influenced to many people to upgrade themselves as a way to compete with residence/citizens of other neighboring countries. For these reasons, this research stipulates to discover the importance of intellectual capital for any financial evidence toward the companies' performance and market value. Since human capital is a part of intellectual capital, this research also analyzes the importance of structural capital and capital employed for companies.This research ascertains co-relational studies between intellectual capital towards companies' performances, both from the perspectives of accounting and market values. The data is solely obtained from independently-audited financial statements of the Indonesian publicly-listed consumer goods companies. This study expects to provide financial evidence of intellectual capital within companies in Indonesia, including noting the ingredients in maximizing the most potential capitals toward survivability