Find in Library

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.