摘要：Keyword: Keywords: intellectual capital, market performanceAbstrack:ABSTRACT:Knowledge-based intellectual capital becomes an important matter in order to develop the company's activities to create competitive advantage and improve market performance. It could be argued that knowledge-based intellectual capital has an effect on the company's market performance. This study used two variables, namely intellectual capital as a free variable (measured by the efficiency of physical capital, human capital efficiency, and structural capital efficiency) and market performance as dependent variable (measured by the method of Tobin's Q). A method of data analysis used in this study is multiple regression using 30 samples with four years of research namely 2004 to 2007. The results of this study indicate a significant positive relationship between intellectual capitals with the market performance of companies listed in Indonesia Stock Exchange in the four years of observation. And there is a positive relationship between intellectual capital and market performance of companies listed in Indonesia Stock Exchange in the future.
