The Company's Financial Achievement Is Influenced By Intellectual Capital

Endang Ranitawati

doi:10.24912/je.v26i1.718

Authors

Endang Ranitawati Indonesian High School of Economics Surabaya

DOI:

https://doi.org/10.24912/je.v26i1.718

Keywords: Intellectual Capital, Company Financial Achievement.

Abstract

The purpose of this study is to detect the financial performance of companies in the financial sector that is influenced by intellectual capital. Secondary data of companies in the financial sector listed on the IDX for the period 2017-2019 became the source of research data and were analyzed using the partial least square (PLS) analysis method. This study shows the results that the company's financial performance is negatively affected by HCE, but is positively influenced by SCE and CEE. While the participation of IC has a significant effect on financial performance, there is no distinction between distinct sub-sectors.

Author Biography

Endang Ranitawati, Indonesian High School of Economics Surabaya

endangranitawati@stiesia.ac.id

References

Ang, S. and Hatane, S.E. (2014), “The impact of value added of intellectual capital to firms’ profitability and productivity”, 4th International Conference on Management (4th ICM 2014) Proceeding, Bali, June 16-17, available at: www.internationalconference.com.my/proceeding/icm2014_proceeding/4thICM2014/030_102_4thICM2014_Proceeding_p342.pdf.

Baroroh, Niswah. 2013.Analisis Pengaruh Modal Intelektual Terhadap Kinerja Keuangan Perusahaan Manufaktur Di Indonesia. Jurnal Dinamika Akuntansi. Vol. 5, No. 2, pp. 172-182.

Bontis, Nick., Stevo Janošević and Vladimir Dženopoljac. (2015). Intellectual Capital in Serbia’s Hotel Industry. Internatinal Journal of Temporary Hospitality Management, 27 (6), 1365-1384.

Budihardjo, Andreas. (2016). Knowledge Management: Efektif Berinovasi Meraih Sukses. Cetakan pertama. Jakarta : Prasetiya Mulya Publishing.

Crane, L. and Bontis, N. (2014), “Trouble with tacit: developing a new perspective and approach”, Journal of Knowledge Management, Vol. 18 No. 6, pp. 1127–1140.

Chusnah, F. N., Zulfiati, L., & Diana, S. (2014). Pengaruh Intellectual Capital terhadap Kinerja Keuangan Perusahaan dengan Strategi sebagai Pemoderasi. In Simposium Nasional Akuntansi XVII(p. 43). Mataram. Retrieved from http://wlewle.weebly.com/makalah/043.pdf.

Ciptaningsih, T. (2013). Uji Pengaruh Modal Intelektual terhadap Kinerja Keuangan BUMN yang Go Public di Indonesia. Jurnal Manajemen Teknologi, 12(3), 330–348. https://doi.org/http://dx.doi.org/10.12695/jmt.2013.12.3.7.

Devi, B. E., Khairunnisa, & Budiono, E. (2017). Pengaruh Intellectual Capital Terhadap Kinerja Keuangan Perusahaan. E-Proceeding of Management, 4(1), 491–500. Retrieved from https://openlibrary.telkomuniversity.ac.id/ pustaka/files/123610/jurnal_eproc/pengaruh-intellectual-capital-terhadap-kinerja-keuangan-perusahaan-studi-kasus-pada-perusahaan-elektronik-otomotif-dan-komponen-yang-terdaftar-di-bursa-efek-indonesia-bei-periode.

Dženopoljac, V., Janoševic, S., & Bontis, N. (2016). Intellectual capital and financial performance in the Serbian ICT industry. Journal of Intellectual Capital, 17(2), 373–396.

Ghozali. Imam, (2006). Structural Equation Modeling: Metode Alternatif dengan PLS. Semarang: Badan Penerbit Universitas Diponegoro.

Ikatan Akuntan Indonesia.2000.ED PSAK 19.Jakarta: Dewan Standar Akuntansi Keuangan.

Ikatan Akuntan Indonesia. 2007. Standar Akuntansi Keuangan.Jakarta: Salemba Empat.

Izati, Chaerunisa dan Margaretha, Farah. (2014) “Faktor-Faktor yang Mempengaruhi Kinerja Keuangan Pada Perusahaan Basic Industry and Chemicals di Indonesia”. Journal Manajemen Fakultas Ekonomi. 1 (2).

Kamath, G. B. (2015). Impact of Intellectual Capital on Financial Performance and Market Valuation of Firms in India. International Letters of Social and Humanistic Sciences, 48 (February 2015), 107–122. https://doi.org/10.18052/www.scipress.com/ILSHS.48.107.

Kartika, M, Hatane, S.E., (2013). Pengaruh Intellectual Capital Pada Profitabilitas Perusahaan Perbankan Yang Terdaftar DI Bursa Efek Indonesia Pada Tahun 2007-2001. Journal Business Accounting Review, (12) , 14-25.

Khan, A. M., & Raushan, M. A. (2018). An Empirical Study of the Impact of Intellectual Capital on the Financial Perfomance ofthe Indian IT Sector. Asian Journal of Business & Accounting, 15(1), 7–19. Retrieved from https://ssrn .com/abstract=3166257.

Kumalasari , P.D dan Astika, I.B.P. 2013. Pengaruh Modal Intellectual Pada Kinerja Keuangan Di Bursa Efek Indonesia. Journal Fakultas Ekonomi dan Bisnis Universitas Udayana.Vol. 02. No. 05.

Kuryanto, B., & Syafruddin, M. (2009). Pengaruh Modal Intelektual Terhadap Kinerja Perusahaan. Jurnal Akuntansi Dan Auditing, 5(2), 128–147.

Nuryaman. (2015). The Influence of Intellectual Capital on The Firm’s Value with The Financial Performance as Intervening Variable. Procedia - Social and Behavioral Sciences, 211(September), 292–298. https://doi.org/10.1016/ j.sbspro.2015.11.037.

Ozkan, N., Cakan, S., & Kayacan, M. (2017). Intellectual Capital and Financial Performance : A study of the Turkish Banking Sector. Borsa Istanbul Review, 17(3), 190-198. https://doi.org/10.1016/j.bir.2016.03.001.

Pulic, A. (2000). VAICTM – An Accounting Tool For Intellectual Capital Management. International Journal Technology Management, 20(5), 149–155.

Salim, S. meliza, & Karyawati, G. (2013). Pengaruh Modal Intelektual Terhadap Kinerja Keuangan. Jurnal Bisnis Dan Kewirausahaan, 1(2), 74–91.Retrieved from https://www.academia.edu/15718589/Jurnal_Bisnis_dan_Kewirausahaan_Vol 1_No_2_Journal_SSB.

Sharma, P. (2018). Enterprise Value and Intellectual Capital: Study of BSE 500 Firms. Accounting and Finance Research, 7(2), 123. https://doi.org/10.5430/afr.v7n2p123.

Ulum, I., Ghozali, I., & Purwanto, A. (2014). Intellectual Capital Performance of Indonesian Banking Sector: A Modified VAIC (M-VAIC) Perspective. Asian Journal of Finance & Accounting, 6(2), 103.

Vishnu, S., & Kumar Gupta, V. (2014). Intellectual capital and performance of pharmaceutical firms in India. Journal of Intellectual Capital, 15(1), 83–99.

Widyaningdyah, A. U., & Aryani, Y. A. (2013). Intellectual Capital dan Keunggulan Kompetitif (Studi Empiris Perusahaan Manufaktur versi Jakarta Stock Industrial Classification-JASICA). Jurnal Akuntansi Dan Keuangan.

Wijaya, W. A., & Wiksuana, I. G. B. (2018). Pengaruh Intellectual Capital Terhadap Kinerja Keuangan pada Subsektor Industri Hotel, Restoran dan Pariwisata. E-Jurnal Manajemen Unud, 7(2), 701–729. https://doi.org/ 10.24843/EJMUNUD.2018.v7.i02.p01 ISSN.