Intellectual capital: extended VAIC model and building of a new HCE concept: the case of Padang Restaurant Indonesia

Link artikel: https://www.ajhtl.com/uploads/7/1/6/3/7163688/article_23_se_gbcss_2019.pdf

Hanif Hanif*, Abdulah Rakhman & Muhammad Nurkholis
Institut Bisnis dan Informatika Kwik Kian Gie
Jl. Yos Sudarso Kav 87, 14350, Jakarta, Indonesia
Email: hanif.ismail@kwikkiangie.ac.id
Kashan Pirzada
Tunku Puteri Intan Safinaz School of Accountancy
Universiti Utara Malaysia, Kedah, Malaysia
kashan@uum.edu.my

Abstract

The objectives of this paper are (1) building a Value-Added Spiritual Capital (VASC) model which is an
extended VAIC model; (2) Building a New Concept of Human Capital Efficiency. The paper employs an
interpretive paradigm by reinterpreting the existing text about the intellectual capital concept and
synergizing it with value added of accounting for Mato -based profit-sharing system. This study
produced an extended VAIC model, namely Value Added Spiritual Capital (VASC). Three development
results are firstly, adding a new element of intellectual capital, namely the organizational spiritual capital. Secondly, measuring the role of each intellectual capital (IC) element to create value added. Thirdly,
conducting an extended measurement of Human Capital Efficiency (EHCE), which is represented by
Value Added Per Mato (VAPM) as the proxy to result EHCE model.

Keywords: Model VASC, Mato System, extended human capital ffficiency (EHCE), value added per
mato (VAPM)