Abstract:

This exploratory study investigates whether there is a relationship between intellectual capital and its components with corporate social responsibility of listed companies in the Indonesia Stock Exchange. The method uses hypothesis testing of these companies. Corporate social responsibility is based on content analysis, whereas Value Added Intellectual Coefficient (VAIC) for the fiscal year of 2007 resulted from financial information. The result shows that intellectual capital, in its aggregate value of VAIC, does not show a significant relationship towards corporate social responsibility. However, one of its components, Capital Employed Efficiency showed a significant relationship while the other two, Human Capital Efficiency and Structural Capital Efficiency showed now significance. The results of the research could also infer that the perception of corporate social responsibility (CSR) is still in a stage where companies conduct it on an ad-hoc basis rather than incorporating them into corporate strategy.