The Identification of Indonesia and Malaysia Company Performance Based on Intellectual Capital

Indonesia and Malaysia are Southeast Asian countries that have similar growth rates in business performance. Both countries have experienced the global financial crisis and recovered from the economic downturn. This study examined the performance based on intellectual capital of Indonesian and Malaysian companies listed on the Indonesian and Malaysian Stock Exchanges from 2013 until 2016 using an analysis based on the “Independent Sample t -test” to evaluate the Intellectual Capital value which consists of the variables Value Added Capital Employed (VACA), Value Added Human Capital (VAHU), and Structural Capital Value Added (STVA), (Pulic, 1998). Based on the Value Added Intellectual Coefficient (VAIC)TM approach, the study found several performance differences between Indonesian and Malaysian companies involving the capital employment (VACA), human capital (VAHU), structural capital (STVA) and also a significant decline in company performance.