Intellectual Capital Variables Research Articles

INTELLECTUAL CAPITAL, COMPETITIVE ADVANTAGE (EVIDENCE FROM INDONESIA’S MANUFACTURING SECTOR)

The study aims to examine the direct relationship between intellectual capital and competitive advantage. The contribution of this paper is that there is a proxy competitive advantage the study was conducted on 444 manufacturing companies in Indonesia from 2013-2017. The novelty in this study is a research model that makes competitive advantage a dependent variable for intellectual capital and competitive advantage variables using market share proxy. The result of this study is intellectual capital has a positive effect on competitive advantage.

PENGARUH GOOD CORPORATE GOVERNANCE DAN INTELLECTUAL CAPITAL TERHADAP KINERJA KEUANGAN

The aim of this study was to examine and analyze the effect of Good Coerporate Governance (Board of Directors, Audit Committee and Independent Commissioners) and Intellectual Capital on the Financial Performance of Banking Companies. The study population was all banking companies listed on the 2014-2017 on Indonesian Stock Exchange were 43 companies. The sample in this study used purposive sampling and the sample size were 32 companies with the 2014-2017 research period. This study used secondary data, taken from the company’s annual report. The analysis technique used in this study was multiple linear regression. The t-test results showed that GCG variable that proxied by the board of directors have a positive effect on return on assets (ROA) and intellectual capital variables have a significant positive effect on return on assets (ROA) and capital adequacy ratio (CAR).

PENGEMBANGAN INTELLECTUAL CAPITAL DALAM MEMBANGUN KINERJA UMKM KOMUNITAS DIFABEL

In facing global business competition, it is necessary to improve performance and competitiveness not only through products quality and cost efficiency, but also the use of Intellectual Capital, which includes Human Capital, Structure Capital, and Relational Capital. Similar to companies in general, the implementation of Intellectual Capital will also have an impact on MSMEs. The object of this research is the UMKM owned by the Difabel Community in Klaten. The test results show that all Intellectual Capital variables consisting of Human Capital, Structure Capital, and Relational Capital have a significant effect on the performance of MSMEs.

Entelektüel Sermayenin Örgütsel Performansa Etkisinde Bilgi Paylaşımının Düzenleyici Rolü (The Moderator Role of Information Sharing in the Effect of Intellectual Capital on Organizational Performance)

Purpose – The aim of the study is to investigate whether the information sharing variable has moderator role in the relationship between intellectual capital and organizational performance variables, which are two important concepts in the organizational behavior literature. Design/methodology/approach – The data used in the study were collected with three scales applied in October-November 2019 to 376 workers in IT sector in Ankara and the analysis of the model was tested by correlation analysis and hierarchical regression analysis. SPSS and AMOS package programs and Python and R programming languages were used in the this study. The correlation analysis and moderator effect of information sharing variable in SPSS (PROCESS module) package program and Python programming language; the tests related to univariate and multivariate normal distribution assumption of the data used in the study in R programming language and the confirmatory factor analysis of scales in the AMOS package program, were done. Findings – As a result of the study; it is concluded that there is a medium/strong and same directional relationship between the variables of intellectual capital, organizational performance and knowledge sharing, and that the information sharing variable has not a moderator role between intellectual capital and organizational performance variables, Discussion – There are studies showing that intellectual capital increases organizational performance. What transforms intellectual capital into value is knowledge, information and experience. So whether intellectual capital can create value or not depends on sharing information.

SIGNIFICANT RELATIONSHIP INTELLECTUAL CAPITAL AND MACRO ECONOMICS: A CASE STUDY

This paper aims to investigate the relationship between intellectual capital of several companies in Indonesia and macroeconomic variables Indonesia during the period 2011-2017 at 61 companies listed on the Stock Exchange. In this study using several intellectual capital variables in 61 companies and some Indonesian macro-economic variables are intellectual capital variable, Indonesian bank interest rate, consumer price index, producer price index, exchange rate index, inflation. This paper uses multiple regression data analysis techniques with OLS proposal model, linear difference and log analysis. From the results of studies that have been done can be explained that with the OLS regression model the relationship between several variable intellectual capital with some macroeconomic variables partially and simultaneously significant, as well as the difference. With log linear regression model analysis relationship between several variable intellectual capital with some macro economic variable simultaneously significant and partially between some variable intellectual capital significant and not significant partially with macro economic variable.

Sharia Firm Value: The Role of Enterprise Risk Management Disclosure, Intellectual Capital Disclosure, and Intellectual Capital

This present study aims to determine the effect of enterprise risk management disclosure, intellectual capital disclosure, and intellectual capital towards firm value. The population in this study is sharia commercial banks in Indonesia from 2010 through 2018. This research employs the purposive sampling technique to obtain a sample of 106 companies that met the criteria. Multiple regression analysis using the SPSS program was employed as the data analysis technique. The results of this study revealed that enterprise risk management disclosure has a positive effect on firm value. Moreover, the intellectual capital disclosure variable has negatively related to firm value. The intellectual capital variable, however, does not affect the firm value. The results of this study imply that sharia commercial banks are encouraged to optimize their risk management through the application of enterprise risk management. Moreover, the results further suggest that the sharia banks should also improve their intellectual capital performances to create a competitive advantage for the banks, and therefore it brings higher values for the banks.

PENGARUH INTELLECTUAL CAPITAL, TATA KELOLA PERUSAHAAN DAN KUALITAS AUDIT TERHADAP MANAJEMEN LABA

Earnings management is defined as earnings engineering activities / actions with certain objectives carried out by management. This research is expected to obtain empirical evidence of the influence of intellectual capital, corporate governance and audit quality in influencing earnings management in transportation companies and was listed on the Indonesia Stock Exchange in 2014-2018. Data was collected using a purposive sampling method and there were 14 companies that met the research criteria and carried out by testing the multiple linear regression hypothesis through the application of SPSS 23. In this study produced variables of intellectual capital, corporate governance and audit quality simultaneously have an influence on earnings management. While partially only intellectual capital variables that affect earnings management. Companies that are audited by large KAPs may not be able to limit the occurrence of earnings management actions. The large share ownership should be able to make the institutional control of operational activities, but the reality of institutional ownership is not able to limit the existence of earnings management. Theoretical implications expected from research are able to make intellectual capital as one indicator in measuring the occurrence of earnings management in future research. Keywords: Intellectual Capital; Institutional Ownership; Managerial Ownership; Audit Quality; Earnings Management

Analisis Pengaruh Intellectual Capital terhadap Keputusan Investor (Studi pada Perusahaan Asuransi yang Terdaftar di Bursa Efek Indonesia)

Penelitian ini bertujuan untuk mengetahui pengaruh intellectual capital terhadap keputusan investor dalam memilih saham pada perusahaan Asuransi yang terdaftar di Bursa Efek Indonesia (BEI). Penelitian ini menggunakan pendekatan kuantatif deskriptif dengan menggunakan perusahaan Asuransi di BEI periode 2013-2017 sebagai populasi. Metode pengambilan sampel yang digunakan adalah purposive sampling, sehingga terdapat 10 perusahaan yang memenuhi kriteria sebagai sampel. Variabel intellectual capital diukur menggunakan metode Value Edded Intellectual Coeficient (VAICTM) yang komponennya terdiri dari VACA, VAHU, dan STVA. Dan Keputusan investor diukur dengan Price to Book Value (PBV). Sedangkan pengujian hipotesis menggunakan metode regresi data panel dan path analysis yang diolah melalui software Microsoft excel dan Eviews 10. Hasil penelitian ini menunjukkan bahwa intellectual capital tidak memberikan pengaruh terhadap keputusan investor (PBV) secara langsung, VACA dan VAHU memiliki nilai Prob < 0,05 artinya VACA dan VAHU berpengaruh signifikan terhadap PBV. Sedangkan STVA memiliki nilai Prob > 0,05 berarti STVA tidak berpengaruh signifikan terhadap PBV Hal ini karena di pasar modal Indonesia masih banyaknya investor jangka pendek yang pengambilan keputusan didasarkan pada kinerja dan belum memanfaatkan bagaimana modal intelektual dapat meningkatkan potensi perusahaan. Selain itu, saham perusahaan Asuransi Indonesia yang kurang likuid di pasar modal, dan adanya faktor psikologi pasar yang mempengaruhi keputusan investor.

ANALISIS IMPLEMENTASI NILAI PERUSAHAAN PADA PERUSAHAAN SEKTOR CONSUMER GOODS

Company value is the company's performance which is reflected by the price of shares formed by the demand and supply of capital markets that reflect the public's assessment of the company's performance. Increasing company value is a long-term goal that the company should have achieved that will be reflected in the stock market price. This study aims to determine the effect of corporate social responsibility, intellectual capital, dividend policy and the ratio of solvency to firm value. The sample in this study were 18 consumer goods sector companies listed on the Indonesia Stock Exchange for the 2016-2018 period. Determination of the sample using purposive sampling technique. The analytical tool used is multiple linear regression analysis. The results showed that the variable corporate social responsibility did not affect the value of the company, intellectual capital variables, dividend policy and solvency ratios had a positive effect on firm value.

The Role Of Intellectual Capital In Modernizing The Influence Of Good Corporate Governance And Sharia Compliance Of Sharia Banks

<p class="IABSSS"><strong>Purpose</strong> - Improved financial performance of Islamic banks can be done by improving the system of corporate governance and sharia compliance. In addition to a good corporate governance system and sharia compliance, other factors such as intellectual capital in sharia banks can also improve financial performance. The purpose of this study was to determine the role of intellectual capital in moderating the effect of good corporate governance and sharia compliance on financial performance of sharia banks in 2013-2017.</p><p class="IABSSS"><strong>Method</strong><strong> </strong>- Sampling technique used is purposive sampling. The analytical technique used is panel data regression test with software Eviews 9.</p><p class="IABSSS"><strong>Result</strong><strong> </strong>- It is found that good corporate governance and Islamic Income Ratio have an effect on the financial performance of sharia banks which is poxied by return on assets. Besides that, intellectual capital modernizesgood corporate governance and Islamic Income Ratio on the financial performance of sharia banks, but it does not modernize sharia compliance which is proxied with Profit Sharing Ratio (PSR) and Zakat Performing Ratio (ZPR).</p><p class="IABSSS"><strong>Implication</strong> - This study uses the data from 14 islamic commercial banks in Indonesia.</p><p><strong>Originality</strong> - The papers look into the role of intellectual capital variables in the relationship of good corporate governance and sharia compliance to the financial performance.</p>

The Role Of Intellectual Capital In Modernizing The Influence Of Good Corporate Governance And Sharia Compliance Of Sharia Banks

Purpose - Improved financial performance of Islamic banks can be done by improving the system of corporate governance and sharia compliance. In addition to a good corporate governance system and sharia compliance, other factors such as intellectual capital in sharia banks can also improve financial performance. The purpose of this study was to determine the role of intellectual capital in moderating the effect of good corporate governance and sharia compliance on financial performance of sharia banks in 2013-2017.Method - Sampling technique used is purposive sampling. The analytical technique used is panel data regression test with software Eviews 9.Result - It is found that good corporate governance and Islamic Income Ratio have an effect on the financial performance of sharia banks which is poxied by return on assets. Besides that, intellectual capital modernizesgood corporate governance and Islamic Income Ratio on the financial performance of sharia banks, but it does not modernize sharia compliance which is proxied with Profit Sharing Ratio (PSR) and Zakat Performing Ratio (ZPR).Implication - This study uses the data from 14 islamic commercial banks in Indonesia.Originality - The papers look into the role of intellectual capital variables in the relationship of good corporate governance and sharia compliance to the financial performance.

ANALISIS FAKTOR-FAKTOR PENGUNGKAPAN INTELLECTUAL CAPITAL (PADA PERUSAHAAN FARMASI YANG TERDAFTAR DI BEI TAHUN 2011-2017)

The research of this thesis is entitled analysis of determinants of intellectual capital disclosure in Pharmaceutical Companies listed on the Indonesia Stock Exchange in 2011-2017. The purpose of this study was to determine the effect of the audit committee size, the independence of the audit committee, the number of financial experts in the audit committee, the number of audit committee meetings, the size of the board of commissioners, the independence of the board of commissioners, the number of board of commissioner meetings and institutional ownership of disclosure of pharmaceutical companies' intellectual capital. The research population is pharmaceutical companies listed on the Stock Exchange for the period 2011-2017. The research sample consisted of 11 pharmaceutical companies with 7 years of observation. Sample data are 77 financial report data. The research method uses quantitative methods. The research design consisted of descriptive design and causal design. Data analysis using Multiple Linear Regression Analysis using SPSS Version 20. statistical program. Based on the results of data processing, it is known that the Adjusted R Square value is 0.462. This shows that variations in the Intellectual Capital Disclosure variable can be explained by 46.2% by Audit Committee Size variables, Audit Committee Independence, Number of Audit Committee Financial Experts, Number of Audit Committee Meetings, Board of Commissioners Size, Board of Commissioners Independence, Number of Board of Commissioners Meetings , Institutional ownership and company size as control variables while the remainder is explained by other variables not examined. The results of testing the hypothesis, it is known that the size of the audit committee, the independence of the audit committee, the number of audit committee financial experts, the size of the board of commissioners and the independence of the board of commissioners have a positive effect on disclosure of intellectual capital Audit committee meetings have no effect on disclosure of intellectual capital.

The Influence of Intellectual Capital Disclosure, Economic Value Added Analysis, and Inclusion of Warrants on the Level of Underpricing in Shares

The underpricing phenomenon often occurs when a company conducts an initial public offering or commonly known as IPO (Initial Public Offering). This condition causes stakeholders receive not enough information for assessing the company value. This study aims to analyze the effect of intellectual capital disclosure, economic value added, and inclusion of warrants on the level of underpricing of shares. This research was conducted in all companies that conducted IPOs on the Indonesia Stock Exchange (IDX) in the period 2012-2014. The number of samples taken was 60 companies, with a purposive sampling technique. The data analysis technique used is multiple linear regression. The results of testing the partial test hypotheses found that intellectual capital disclosure variables negatively affect the level of underpricing, while the variables of warrants participation have a positive effect on the level of underpricing. The economic value added variable does not affect the level of underpricing.
 Keywords : Initial Public Offering (IPO), Underpricing, Economic value added, Warrant.

Intellectual Capital Management and Career Development of Women Managers in Private Sector Anambra State, Nigeria

This study explored the relationship between Intellectual Capital Management and Career Development of Female Managers in Private sector Anambra State, Nigeria. Correlation survey design was used to test the relationship between the independent and dependent variables. The total population of study comprised of 120 female staff of the selected private sector (First Bank, United Bank for Africa, Access Bank and Fidelity Bank). The target population of the study comprised of lower and middle level female managers of the selected organizations. The hypotheses were tested and analyzed using Pearson Product Moment Correlation. The results showed that, there exists a significant negative relationship between Intellectual Capital variable (employee knowledge) and Career Development (gender stereotyping) of female managers. It is therefore, recommended that organizations need to introduce diversity gender programme to educate employees about the dangers of work place discrimination and importance of accommodating people from different background (gender and race). We, advocate that human resources’ managers need to introduce family support programmes to help women with family responsibilities balance between work and family matters. Keywords: Intellectual Capital; Employee Knowledge; Statistical Discrimination; Gender Stereotyping; Career Development

Impact of Intellectual Capital on Financial Reporting Quality of Selected Banks in Nigeria

The study examined the impact of intellectual Capital on Financial reporting quality of selected Banks in Nigeria. The specific objective of the study was to investigate the impact of Intellectual capital on financial reporting quality on selected Banks. A total of ten banks were selected for the study from 2006-2017. Regression analysis was used to do the analysis. They study made use of Value Added Intellectual Coefficient (VAIC) to ascertain the extent of intellectual capital indices while Fincial reporting quality is proxy by accrual which was calculated using Dechow and Dichev’s(2002) model. The result indicated a positive impact on Fincial reporting quality. The study therefore concludes that Banks should pay more attention to the three intellectual capital variables to improve their financial reporting quality. The study recommends that the three variables of intellectual capital should be well handled in other to have higher quality of financial reporting quality and also provide enabling environment needed to achieve a vital human capital in their system. Keywords : Intellectual Capital, Financial Reporting Quality, Nigeria Banks, Value Intellectual Coefficient, Dechow and Dichev model (2002) DOI : 10.7176/EJBM/11-16-09 Publication date :June 30 th 2019

INTELLECTUAL CAPITAL AND FINANCIAL PERFORMANCE OF THE COMPANY

This study tests the relationship between intellectual capital and corporate financial performance of Indonesian companies. 63 companies of six industrial sectors listed on Bloomberg Database in 2015-2017 were selected as a sample. The descriptive statistics, Spearman’s correlation and non-parametric Kruskall-Wallisand Mann-Whitneytests were used to analyze the relationship between dependent (financial performance) and independent (intellectual capital) variables. Our findings show that intellectual capital provides a positive contribution effect on corporate financial performance. Consistent with resource- based theory, this finding suggests that intellectual capital is a strategic resource that can generate a value for company to gain a superior performance and competitive advantage.

PENGARUH INTELLECTUAL CAPITAL TERHADAP KINERJA KEUANGAN PERUSAHAAN SUBSEKTOR PULP AND PAPER YANG TERDAFTAR DI BURSA EFEK INDONESIA

This study aims to determine the Effect of Intellectual Capital on the Financial Performance of Pulp and Paper Subsector Companies Listed on the Indonesia Stock Exchange (IDX). The method used to measure Intellectual Capital as an independent variable is Value Added Intellectual Coefficient (VAIC TM ). The ratio used to measure Financial Performance is the Nett Profit Margin, Return on Investment (ROI), and Return on Equity (ROE). The method used to observe the effect of intellectual capital on financial performance is by using simple linear regression. The data used in this study are secondary, namely financial statements and annual reports. The data is listed on the Indonesia Stock Exchange (IDX) for 7 years from the period 2011 to 2017. Samples were taken by purposive sampling, 7 companies were used. Data analysis used simple linear regression analysis and t-test. Data analysis uses several linear regression analyses with SPSS 16. The results of the analysis show that the intellectual capital variable has a significant effect on the financial performance of the pulp and paper sub-sector companies listed on the Indonesia Stock Exchange (IDX)

THE MODERATING EFFECT OF COMPETITIVE STRATEGIES ON INTELECTUAL CAPITAL AND COMPANY VALUE IN BANKING COMPANIES

This research was conducted with the aim to determine the effect of Intellectual Capital on Corporate Values with Competitive Strategies in increasing and decreasing the relationship between Intleectual Capital and Corporate Value. Intellectull Capital in this study was measured using VAIC developed by Pulic. The sample in this study were 17 banking companies listed on (Indonesia Stock Exchange) IDX as much as 8 years.By using a simple regression analysis the results of the equation are obtained: Y = 0.201483 + 0.22356vaic + e . While the results of the T test obtained a T value with a probability of 0.0150, which means less than 0.05. The F test obtained an F value with a probability of 0.000154 <0.05. These results prove that the Intellectual Capital variable has a positive effect on Company Value. While the multiple linear equations obtained by the equation: Y = 1.471970 + 0.214295vaic + 0.4581455vaicsb + e. Based on these results Intellectual Capital gives a coefficient of 0.214295 with a probability value of 0.0013 <0.05, while Intellectual Capital with a Competitive Strategy gives a coefficient of 0.458145 with a probability of 0.0007 <0.05 means that Intellectual Capital has a positive effect on Corporate Values and Competitive Strategies can influence (strengthen) the relationship between Intellectual Capital with Corporate Value

A Literature Review on Intellectual Capital and Corporate Governance Effect on Companys Performance

This paper examines the impact of intellectual capital and corporate governance on company’s performance in the world on the basis of previous studies. The study particularly focuses on how intellectual capital and its components such as human capital, structural capital and corporate governance variables such as board structure, ownership structure influence company’s performance. The review paper comprises of seven important parts. The first part of the paper reviews the literature on financial performance of companies. Second section reviews the literature on intellectual capital. Third part summarizes the literature on components of intellectual capital. Fourth section reviews the literature on corporate governance. Fifth section studies the literature on components of corporate governance. Sixth and seventh section studies the influence of intellectual capital and corporate governance variables on company’s performance. The study reveals that intellectual capital has significant relation with company’s performance and is an efficient indicator of long run performance of companies. Evidence also proves that corporate governance variables such as board size, number of committees, board meetings and ownership structure influence the performance of company’s both positively and negatively.

YENİLİKÇİLİK KALİTESİ PERSPEKTİFİNDEN BİLGİ PAYLAŞIMI, ENTELEKTÜEL SERMAYE VE PERFORMANS İLİŞKİSİ

The purpose of this study is to investigate how i) knowledge sharing (KS) contributes to firm’s intellectual capital, ii) intellectual capital influence on operational and financial performance. We also show the moderating role of innovation quality on the relationships among human, structural and relational capitals and operational performance rather than linear relationships. In this context, by studying 161 employees, we conducted structural equation modelling on the basis of using the AMOS 23 method. Next, we analyzed moderating role of innovation quality between intellectual capital variables and operational performance. In light of findings, we found that 1) explicit and tacit knowledge sharing affect intellectual capital variables, 2) intellectual capital variables contribute to firm’s operational performance, and 3) operational performance influence the financial performance. We also determined that the innovation quality moderates the relationships between intellectual capital variables and operational performance.