Reconstruction of Financial Performance to Manage Gap between Value Added lntelectual Coefficient (V AICTM) and Value of Company in Banking Company Listed in Indonesia Stock Exchange

This study aims to analyze the effect of value added intellectual coefficient (VAIC™) on value of company (market to book value [MtBV]) and
financial performance (return on asset [ROA]) as mediating variable. This study used VAIC™ to measure the efficiency of three components i.e. value
added capital employed, value added human capital, and structural capital value added (STVA). This study is a quantitative research using 20 banking
companies listed in Indonesia Stock Exchange (BEI) as samples. Data were analyzed using path analysis with Analysis Moment of Structure program
version 22. The results of this study indicate that the VAIC™ has positive and significant effect on financial performance (ROA), but it has immediate
positive and non-significant effect on company value (MtBV). Furthermore, it can be proven that VAIC™ has indirect positive and significant effect
on MtBV with ROA as a mediating variable.