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1
Gunawan, Hendra, and Widya Ramadhani. "How Intellectual Capital Effects Firm's Financial Performance." Journal of Applied Accounting and Taxation 3, no. 1 (2018): 1–8. https://doi.org/10.5281/zenodo.1304936.
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This study examined the effect of intellectual capital on the financial performance of the company. Independent variables consisted of structural capital efficiency (SCE), human capital efficiency (HCE), capital employed efficiency (CEE) control variables used in this research are the size and leverage. The population of this study are non-financial companies listed on the Indonesian Stock Exchange. Samples were selected using purposive sampling method and obtained 232 companies. Results showed that HCE has negative effect on the financial performance, SCE has significant positive effect on financial performance, and CEE has significant positive effect on financial performance. The limitation in the study is sample that are used only limited to the non-financial sector companies listed on the Indonesia Stock Exchange. Future studies are expected to use other measurements to measure intellectual capital and value of the company, and further research is also expected to increase the research data and select other industrial sectors.
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Hossain, Syed Zabid, and Md Sohel Rana. "Effects of Ownership Structure on Intellectual Capital: Evidence from Publicly Listed Banks in Bangladesh." Journal of Risk and Financial Management 17, no. 6 (2024): 222. http://dx.doi.org/10.3390/jrfm17060222.
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This study explored the impacts of ownership structure (OS) on intellectual capital (IC) and its components. Data were gathered from 31 Dhaka Stock Exchange-listed banks for five years, from 2017 to 2021, consisting of 155 observations as balanced panel data. The study used the modified value-added intellectual coefficient (MVAIC) model to track the IC efficiency. The robust fixed effects model was employed for regression analysis to test the hypotheses. The research found that sponsor director ownership is negatively associated with the MVAIC, human capital efficiency (HCE), and structural capital efficiency (SCE) but positively with relational capital efficiency (RCE). High institutional and public ownership are positively linked with SCE but negatively with RCE. Foreign ownership is only positively associated with banks’ MVAIC and HCE. The regression results showed that high institutional ownership (IO) significantly enhanced the MVAIC and HCE. Foreign and public ownership positively influenced banks’ MVAIC, HCE, and capital employed efficiency (CEE) but negatively impacted RCE. The findings of this study will help banks’ policymakers with ownership mixes for the optimum utilization of banks’ resources. Management may assess IC’s efficiency level for proper supervision and use of knowledge resources to boost bank profitability. Also, the findings will help investors make prudent investment decisions. This is the first study to focus on OS and IC with diverse elements in Southeast Asia, especially Bangladesh, an emerging market.
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Purwanto, Purwanto, and Nanda Fito Mela. "PENGARUH MODAL INTELEKTUAL DAN KEUNGGULAN BERSAING TERHADAP KINERJA KEUANGAN." CURRENT: Jurnal Kajian Akuntansi dan Bisnis Terkini 2, no. 2 (2021): 339–62. http://dx.doi.org/10.31258/jc.2.2.339-362.
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This study aims to find empirical evidence of the effect of intellectual capital and competitive advantage on financial performance in manufacturing companies listed on the Indonesian stock exchange in 2016-2018. By using the Public - Value Added Intellectual Coefficients (VAICTM) model, this study examines the relationship between the value-added efficiency (VAICTM) of the company's three main resources in the form of (capital used efficiency (CEE), human capital efficiency (HCE) and structure capital efficiency (SCE). )) competitive advantage to the company's financial performance as proxied through Return on Assets (ROA) and Return on Equity (ROE). Data were drawn from 72 manufacturing companies listed on the IDX in 2016-2018. The results show that Capital Employed Efficiency (CEE) affects the financial performance of ROA and ROE proxies, Human Capital Efficiency (HCE) does not affect the proxy performance of ROA but affects the proxy performance of ROE, Structural Capital Efficiency (SCE) affects the financial performance of ROA proxies. and ROE, the Value-added Intellectual Coefficient (VAICTM) does not affect the financial performance of ROA proxies, but it does affect the financial performance of ROE proxies, and Competitive Advantage (CA) has no effect on the financial performance of ROA and ROE proxies.
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Marta KN Pasaribu, Isfenti Sadalia, and Nisrul Irawati. "The Impact of Intellectual Capital (Mvaic) on Financial Leverage in the Asean Telecommunication Industry: The Mediating Role of Firm Profitability." Indonesian Journal of Business Analytics 5, no. 2 (2025): 1895–908. https://doi.org/10.55927/ijba.v5i2.14105.
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Intellectual Capital (IC) significantly enhances financial performance and influences capital structure. This study examines IC's impact on financial leverage using the Modified Value Added Intellectual Coefficient (MVAIC), mediated by firm profitability. IC components—Human Capital Efficiency (HCE), Structural Capital Efficiency (SCE), Relational Capital Efficiency (RCE), and Capital Employed Efficiency (CEE)—are analyzed in 120 ASEAN telecommunication firms through panel data regression. Findings confirm IC positively affects profitability (ROA), supporting Resource-Based Theory, while profitability negatively influences financial leverage (DAR), aligning with Pecking Order Theory. Among IC components, only CEE significantly impacts ROA and DAR via profitability mediation. Firms with high capital efficiency achieve better profitability and lower external debt dependence, emphasizing IC management for financial stability.
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Junio, Wilson, and Yenny Kornitasari. "INTELLECTUAL CAPITAL EFFICIENCY AND MARKET STRUCTURE OF ISLAMIC COMMERCIAL BANKS IN INDONESIA." EL DINAR: Jurnal Keuangan dan Perbankan Syariah 12, no. 2 (2024): 197–227. https://doi.org/10.18860/ed.v12i2.27444.
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This study investigates the impact of Intellectual Capital on the market structure of Islamic commercial banks in Indonesia. Employing a quantitative approach, the research utilizes the Random Effect Model for panel data regression analysis, drawing on secondary data extracted from the annual reports of eight Islamic commercial banks in Indonesia. The findings reveal that Islamic banks in Indonesia predominantly operate within a monopolistic market structure. Among the dimensions of Intellectual Capital, Human Capital Efficiency (HCE) emerges as the sole factor exerting a positive and significant influence on market structure, significantly enhancing the value creation process within Islamic banking. In contrast, Structural Capital Efficiency (SCE), Capital Employed Efficiency (CEE), and Relational Capital Efficiency (RCE) exhibit no discernible individual effects. These results underscore the necessity for regulators to delve deeper into market dynamics to foster a more competitive environment for Islamic banks. Furthermore, the findings advocate for regulatory support to facilitate the consolidation of Islamic banks, thereby enhancing Intellectual Capital efficiency. Such measures would enable Islamic banks to evolve into more efficient financial institutions, ultimately delivering greater societal benefits.
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Priyanto, Panji, Putri Wahyuning Tias, and Ni Putu Mila Suhandi. "Enhancing Firm Value: Analyzing Intellectual Capital, Capital Structure, And Profitability In Indonesia." Jurnal Akuntansi, Keuangan, Pajak dan Informasi (JAKPI) 4, no. 2 (2024): 108–22. https://doi.org/10.32509/jakpi.v4i2.4683.
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This study investigates the impact of Intellectual Capital (IC), Capital Structure (CS), and Profitability (PR) on Firm Value (FV), with profitability acting as a mediating variable. Utilizing a quantitative approach, secondary data from 190 observations of consumer goods companies listed on the Indonesia Stock Exchange (IDX) were analyzed through SmartPLS. Companies experiencing losses or conducting IPOs during the research period were excluded. Firm value was proxied by Return on Assets (ROA), a key indicator of a firm's efficiency in generating profits from its assets. IC was measured using the Value-Added Intellectual Coefficient (VAIC), comprising Human Capital Efficiency (HCE), Capital Employed Efficiency (CEE), and Structural Capital Efficiency (SCE). Capital Structure was measured using the Debt-to-Equity Ratio (DER), and profitability was assessed via Price-to-Book Value (PBV). The results revealed that Intellectual Capital significantly enhances both profitability and firm value, highlighting the role of intangible assets in firm performance. Capital Structure exhibited a negative direct effect on firm value but positively influenced profitability. Profitability, in turn, had a strong positive effect on firm value, underscoring its mediating role in the relationship between IC, CS, and FV. These findings emphasize the importance of effective management of intellectual and capital resources in maximizing firm value in the consumer goods sector in Indonesia
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Bùi, Huy Trung, Thị Thu Nga Trần, Yến Nhi Nguyễn, Thị Yến Dương, and Thị Thu Trang Nguyễn. "The impact of intellectual capital efficiency on bank risk in Vietnam." Tạp chí Khoa học và Đào tạo Ngân hàng, no. 257 (October 2023): 10–22. http://dx.doi.org/10.59276/tckhdt.2023.10.2545.
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This paper aims to analyze the impact of intellectual capital efficiency on the risk of Vietnamese commercial banks. Drawing on a research sample of 13 Vietnamese commercial banks during the period 2010- 2021, the authors use the Generalized Method of Moments (GMM) to investigate the impact of variables reflecting the intellectual capital efficiency, including the efficiency of human capital- HCE, capital employed- CEE and capital structure- SCE, to the risk of commercial banks (measured by Z-score and nonperforming loan ratio- NPL). The results show that higher intellectual capital efficiency leads to higher risk (measured by Z- score) and lower credit risk. These findings have important implications on the regulation of the banking system in general as well as on improving the effectiveness of risk management of commercial banks in particular.
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Syah, Toufan Aldian, and Akhmad Fauzan. "The Influence of Intellectual Capital with Sub Components to Financial Performance: Empirical Study of Islamic Banking in Indonesia." Volume 5 - 2020, Issue 8 - August 5, no. 8 (2020): 877–82. http://dx.doi.org/10.38124/ijisrt20aug420.
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- This paper aims to empirically examine the effect of intangible resources, namely intellectual capital (IC) on the financial performance of Islamic banking in Indonesia for the period 2013-2019. The data needed to calculate the different IC constituents comes from the financial statement data of each Islamic bank, which is the research sample, namely the Islamic bank, which is a foreign exchange bank. Value Added Intellectual Coefficient (VAIC) The methodology designed by Pulic is used to determine the impact of IC on Islamic banking's financial performance. The results show a significant positive relationship between the Sub-component Value Added Intellectual Coefficient (VAIC), namely Human Capital Efficiency (HCE), Structure Capital Efficiency (SCE), and Capital Employed Efficiency (CEE) which have a significant influence on the financial performance of Islamic banking proxied by ROA. Overall, the results show that HCE, SCE, and CEE strongly influence Islamic banks' ability to earn profits. The main limitation of this study lies in its measurement method, the VAIC methodology, which has been criticized by some researchers as not measuring IC. These findings can be useful input for Islamic bank management to manage and invest their resources in the Intellectual Capital (IC) in their institution. The main contribution of this paper is to identify the influence of the subcomponent of intellectual capital (IC) on the financial performance of Islamic banks, which was previously rare in Indonesia.
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M., Noor Salim, and Arief Winanto Hardian. "Determinant Return on Assets and Its Impact on Assets Growth (Case Study of Sharia General Banks in Indonesia)." Journal of Economics and Business 3, no. 1 (2020): 282–94. https://doi.org/10.31014/aior.1992.03.01.197.
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This study aims to examine and analyze the determinants that influence Return on Assets (ROA) and their impact on Asset Growth (AG) partially or simultaneously. Factors affecting ROA and also Asset Growth are specific to Human Capital efficiency (HCE), Structure Capital efficiency (SCE) Capital Employed Efficiency (CEE), Board of Education (BED), and Board of Evaluation (BEV) on Return On Assets (ROA) and Asset Growth (AG). The population of this study is Sharia commercial bank companies in Indonesia with an observation period from 2014 to 2018 consisting of a sample of 12 Sharia Commercial Bank companies. The data analysis techniques in this study used Multiple Linear Regression analysis by analyzing the effect of corporate governance and Intellectual Capital to the Return On Asset and Asset Growth of the corporate partially and simultaneously. The results of data analysis showed that ROA was partially influenced by a significant positive of HCE and AG was significantly positive by ROA. While simultaneously, all variables significantly influence positively on ROA and Asset Growth.
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Nguyen, Anh Huu, and Duong Thuy Doan. "The Impact of Intellectual Capital on Firm Value: Empirical Evidence From Vietnam." International Journal of Financial Research 11, no. 4 (2020): 74. http://dx.doi.org/10.5430/ijfr.v11n4p74.
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The paper aims to investigate the impact of intellectual capital on firm value in the context of Vietnam. The research sample includes 61 manufacturing companies listed on Vietnam stock market for the period from 2013 to 2018. Three statistical methods approaches are employed to address econometric issues and to improve the accuracy of the regression coefficients include Ordinary Least Square (OLS), Random Effects Model (REM) and Fixed Effects Model (FEM). This research uses value-added intellectual capital (VAIC) to measure the intellectual capital of a firm. Value-added intellectual capital (VAIC) is considered as an effective measure by which a company uses material, financial, and intellectual capital to increase. The VAIC includes the sum of three components: Human Capital Efficiency (HCE), Structure Capital Efficiency (SCE) and Capital Employed Efficiency (CEE, including physical and financial capital). In this paper, firm value is measured by Tobin’s Q ratio. Some control variables such as leverage, firm size, growth rate, and state capital are used in the regression model that pointed out the impact of intellectual capital on a firm value. The empirical results show a statistically significant positive impact of value-added intellectual capital (VAIC) on a firm’s profitability. This evidence provides a new insight to managers on how to improve the value of manufacturing companies listed on Vietnam stock market.
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Halim, Kusuma Indawati. "The Importance of Intellectual Capital In Driving Firm Performance." Accounting Analysis Journal 12, no. 3 (2024): 190–98. http://dx.doi.org/10.15294/aaj.v12i3.75257.
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Purpose: The study explores the structure of intellectual capital and how it influences firm performance of Kompas 100 Index companies using the VAIC model. Method: As research samples, 29 companies from the Kompas 100 index that were listed on the Indonesian Stock Exchange were employed. The data came from annual reports that were released between 2017 and 2021. A multiple regression analysis was used to create the regression model for this study. Findings: It can be observed that VAIC has a significant positive effect on both ROA and ROE. Based on each component of VAIC, it is clear that HCE, SCE, and CEE have a positive and significant impact on firm performance. By setting spesific targets and regularly monitoring these neasures, businesses can identify areas for improvement and make informed decisions to enhance their firm performance. Novelty: The findings are especially significant for policymakers that want to emphasize the value of Intellectual Capital and create a system for disclosing Intellectual Capital. This study also offers up new paths for future research that will take into consideration the dynamic nature of the relationship between Intellectual Capital and Firm Performance and account for endogeneity. Keywords: Human Capital Efficency; Structural Capital Efficiency; Capital Employed Efficiency; Value Added Intellectual Coefficient
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Nikolić, Jelena, Jelena Erić Nielsen, and Jelena Peković. "Board Structure and Bank Performance: The Mediating Role of Intellectual Capital." Naše gospodarstvo/Our economy 68, no. 2 (2022): 28–42. http://dx.doi.org/10.2478/ngoe-2022-0009.
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Abstract Intellectual capital in the knowledge era is a strategic advantage of board structure, which leads to the improvement of a company’s work and the achievement of its goals. The aim of this study is to develop a structural model that connects the corporate governance, intellectual capital and financial performance of the banking sector. Corporate governance is conceptualised by the board of directors as the main internal mechanism of corporate governance, which is measured by the size of the board of directors, the number of independent board members and the female board members. Intellectual capital represents a mediator in this model and its efficiency is calculated through the Value Added Intellectual Coefficient (VAIC) model, while the financial performance of banks is measured through return on assets (ROA) and return on equity (ROE). The results of the study conducted in 22 Serbian banks between 2015 to 2019 show that the size of the board of directors and the number of independent board members have a statistically significant impact on intelectual capital (IC), but there is no impact on total assets (ROA). The number of women in the board of directors does not have a statistically significant effect on either ROA or ROE. The findings also indicate that intellectual capital (HCE, SCE, CEE) has a significant mediating role in the relationship between board structure and bank performance. The results of this study will provide a significant contribution to further investment in intellectual capital as the strongest link in achieving positive effects on bank performance.
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D’Este, Carlotta, Ilaria Galavotti, and Franca Cantoni. "The cascade effect of women on boards: how firm-level gender diversity management develops intellectual capital." Corporate Governance: The International Journal of Business in Society 25, no. 8 (2025): 132–55. https://doi.org/10.1108/cg-11-2024-0577.
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Purpose Building on the resource-based view and human capital theory, this paper aims to extend the effects of gender diversity from the board level to the entire organizational level and investigates the impact of diversity and inclusion management practices on a firm’s intellectual capital performance. Conceptually, this study adopts the value-added intellectual coefficient (VAIC) construct and disentangles intellectual capital into its threefold dimensions of human capital, structural capital, and capital employed efficiency - HCE, SCE, CEE, respectively. Specifically, this study explores the effects of three categories of formalized gender diversity management practices – namely recruitment, retention, and training and development – while also considering the supporting role of governance structures and organizational infrastructures as a driver of the overall efficiency and value of intellectual capital. Design/methodology/approach This study analyzes a sample of 72 firm-year observations associated with 36 Italian companies listed on the Stoxx Italy-45 in the 2018–2019 period and runs multiple linear regression models. Findings Our findings indicate that a firm’s specific bundle of diversity management practices positively influences intellectual capital performance. By adopting a granular approach on both intellectual capital and diversity management, this study also sheds light on how different intellectual capital components are distinctly affected by varying diversity management practices. Originality/value This study enhances the understanding of how gender diversity management practices affect a firm’s intellectual capital, revealing the potential benefits of implementing formalized diversity and inclusion initiatives across multiple organizational levels, spreading from the boardroom to the entire organization.
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Koval, Yana. "Ways to implement public-private partnerships and their economic efficiency." Electronic Scientific Journal Intellectualization of Logistics and Supply Chain Management #1 2020 1, no. 22 (2023): 32–39. http://dx.doi.org/10.46783/smart-scm/2023-22-4.
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Given the role of business in meeting the needs of society, it can be concluded that the state cannot fulfill its socio-economic functions without an efficiently functioning business. This is an important condition for the formation of partnerships between business and the state. Another important condition is that business cannot develop effectively without the help and assistance of the state. This is due to a number of reasons. The effectiveness of demand satisfaction is directly related to the rational use of economic resources and a flexible response to changes in the structure of demand. Efficient use of resources by each individual producer ultimately ensures the efficiency of the entire economic system. Business, performing its direct functions, ensuring the preservation and expanded reproduction of their property through the increase of private capital, simultaneously performs social functions related to the increase of social capital and the product capable of ensuring effective demand in the market of goods and services. The article substantiates the need to use the mechanism of public-private partnership as an effective tool for implementing the innovation policy of regions, and also identifies the possibilities of public-private partnership in projects for commercialization of intellectual property as a form of interaction between the state, research institutions and business.
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Herdianto, Perdi, Mismiwati Mismiwati, Dian Pertiwi, Helisia Krisdayanti, and Riduwansah Riduwansah. "Pengaruh Intellectual Capital Terhadap Kinerja Keuangan Perbankan Syariah di Indonesia." Jurnal Ilmiah Mahasiswa Perbankan Syariah (JIMPA) 4, no. 1 (2024): 91–106. http://dx.doi.org/10.36908/jimpa.v4i1.322.
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Penelitian ini bertujuan untuk menguji pengaruh intellectual capital terhadap kinerja keuangan. Penelitian ini mencerminkan akan pentingnya pengungkapan intellectual capital pada laporan keuangan, sehingga dapat meningkatkan kinerja keuangan. Data yang digunakan adalah laporan keuangan Triwulan tahun 2018-2021. Model pengukuran intellectual capital yang digunakan adalah model Pulic, yaitu Value Added Intellectual Coefficient (VAICTM). Secara perkomponen terdiri dari: human capital efficiency (HCE), capital employed efficientcy (CEE), dan structural capital efficiency (SCE). Data dianalisis dengan analisis regresi linier berganda. Hasil penelitian menunjukkan bahwa secara parsial: (1) Human Capital Efficiency (HCE) berpengaruh positif dan signifikan terhadap BOPO; (2) Capital Employed Efficiency (CEE) berpengaruh positif dan signifikan terhadap BOPO; dan (3) Structural Capital Efficiency (SCE) berpengaruh negatif terhadap BOPO. Secara simultan, intellectual capital yang meliputi human capital efficiency (HCE), capital employed efficientcy (CEE), dan structural capital efficiency (SCE) berpengaruh signifikan terhadap BOPO.
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Haryanto, Totok. "Perspektif Kinerja Perusahaan Berdasarkan Intellectual Capital." JSSH (Jurnal Sains Sosial dan Humaniora) 4, no. 2 (2020): 97. http://dx.doi.org/10.30595/jssh.v4i2.9282.
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The purpose of this study was to examine and analize: (1) The influence of Human Capital Efficiency (HCE) to firm’s performance. (2) The influence of Structural Capital Efficiency (SCE) to firm’s performance. (3) The influence of Capital Employed Efficiency (CEE) to firm’s performance. This study is the quantitative research with the population some listed companies at Indonesian Stock Exchange (IDX) for the year 2009 until 2011. Data collection based on the financial statement of the listed company at IDX, and using the purposive sampling methods. The analize used regression and t-test. The findings shown that, HCE (human capital efficiency) was not influence to ROA (return on assets), SCE (structural capital efficiency) positively influence to ROA, and CEE (capital employed efficiency) positively influence to ROA. HCE was not influence to ROE (return on equity), SCE positively influence to ROE, and CEE positively influence to ROE. HCE positively influence to RG (revenue growth), SCE positively influence to RG, CEE positively influence to RG.
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Naufallita, Qori, and Achsania Hendratmi. "THE INFLUENCE OF INTELLECTUAL CAPITAL ON RETURN ON ASSETS AND RETURN ON EQUITY SHARIA RURAL BANK 2015 – 2017 PERIOD." Jurnal Ekonomi dan Bisnis Islam (Journal of Islamic Economics and Business) 5, no. 2 (2019): 124. http://dx.doi.org/10.20473/jebis.v5i2.11787.
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ABSTRACT Purpose of this study is to determine the effect of Human Capital Efficiency, Capital Employed Efficiency, and Structural Capital Efficiency on Return On Assets and Return On Equity of Islamic Rural Banks period 2015-2017. This study uses a quantitative approach. Sampling technique is purposive sampling and there were 24 Islamic Rural Banks in Indonesia as subject of research. Analysis technique used is Panel Data Analysis.The results of this study indicate that CEE has a significant positive effect on ROA. Whereas HCE and SCE have no effect on ROA. Simultaneously HCE, CEE and SCE have a significant positive effect on ROA. In addition, the results of this study indicate that HCE and CEE have a significant positive effect on ROE, both partially and simultaneously.ABSTRAKPenelitian ini bertujuan untuk mengetahui pengaruh Human Capital Efficiency (HCE), Capital Employed Efficiency (CEE) dan Structural Capital Efficiency (SCE) pada Return On Assets dan Return On Equity Bank Pembiayaan Rakyat Syariah periode 2015-2017. Penelitian ini menggunakan pendekatan kuantitatif. Pengambilan sampel menggunakan purposive sampling dan terdapat 24 BPRS yang menjadi subyek penelitian. Teknik analisis menggunakan analisis Regresi Data Panel.Hasil penelitian menunjukkan CEE berpengaruh signifikan positif terhadap ROA. Sedangkan HCE dan SCE tidak berpengaruh terhadap ROA Secara simultan HCE, CEE dan SCE berpengaruh signifikan positif terhadap ROA. Selain itu, hasil penelitian ini menunjukkan bahwa HCE dan CEE berpengaruh signifikan positif terhadap ROE, baik itu secara parsial maupun simultan.
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Masri, Indah, Dinda Putri Frisca, Indra Satria, and Sofyan Bantasyam. "The Role of Intellectual Capital To Economic Value Added (Empirical Study on Manufacturing Companies of Consumption Goods Sector)." Jurnal ASET (Akuntansi Riset) 10, no. 1 (2018): 95–104. http://dx.doi.org/10.17509/jaset.v10i1.12741.
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The purpose of this study to analyze the influence of Intellectual Capital to Economic Value Added. The samples are 90 manufacture companies as the item of observations that were taken from annual reports listed of Indonesian Stock Exchange in 2011-2015. The model that used to measure intellectual capital was using Modified Value Added Intellectual Capital Coefficient (M-VAIC). M-VAIC component consist of Human Capital Efficiency (HCE), Structural Capital Efficiency (SCE), Capital Employed Efficiency (CEE) and Relational Capital Efficiency (RCE). This research is quantitative research and using panel data regression on balanced data of fixed effect for data analysis. The results showed that Human Capital Efficiency (HCE) and Structural Capital Efficiency (SCE) has no positive impact on Economy Value Added (EVA) but in this research has a positive impact on the Capital Employed Efficiency (CEE) and Relational Capital Efficiency (RCE) to Economic Value Added (EVA).
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Kumala, Lela Kori, Widi Hariyanti, and Faiz Rahman Siddiq. "The influence of intellectual capital on banking financial performance." Journal of Business and Information System (e-ISSN: 2685-2543) 5, no. 1 (2023): 43–52. http://dx.doi.org/10.36067/jbis.v5i1.163.
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This study aims to examine the influence of Intellectual Capital on financial performance. Based on the model proposed by Pulic, the measurement of intellectual capital can use Value Added Intellectual Capital (VAICTM) consisting of Human Capital Efficiency (HCE), Capital Employed Efficiency (CEE) and Structural Capital Efficiency (SCE). This study uses 2 research variables, namely the dependent variable consisting of Return on Assets (ROA) as an indicator of the company's financial performance and the independent variable consisting of HCE, CEE, SCE and VAIC. The analysis data in this study used 2 types of analysis, namely the VAIC simple linear regression test and multiple linear regression to test the VAIC component. The results showed that CEE and HCE had a positive and significant effect on the company's financial performance, and VAIC had a positive and significant effect on the company's financial performance. Meanwhile, SCE has no effect on the company's financial performance.
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A., Nishanthini, and Arthika R. "The Impact of Intellectual Capital on Financial Performance: A Study of Sri Lankan Financial Institution." International Journal of Multidisciplinary Research and Analysis 04, no. 09 (2021): 1342–48. https://doi.org/10.47191/ijmra/v4-i9-21.
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Intellectual Capital is essential in every economical activity. The aim of this study how intellectual capital impact on financial performance in Sri Lankan financial institution. To achieve objective of this research banking institution has been selected from Colombo Stock Exchange financial directory for the period from 2016 to 2020. Random sampling technique were used to analysis the data. MVIAC model used for the measurement of independent variable in this study. This model is a composite sum of two indicators these are Capital Employed Efficiency (CEE) - indicator of VA efficiency of capital employed and Intellectual Capital Efficiency (ICE) – indicator of value-added efficiency ofcompany’s Intellectual Capital base. Intellectual Capital Efficiency is composed of (a) Human Capital Efficiency (HCE) – indicator of value-added efficiency of human capital; and (b) Structural Capital Efficiency (SCE) – indicator of value-added efficiency of structural capital (c) Rational Capital Efficiency (RCE). Finding represent that intellectual capital has significant impact on financial performance of Sri Lankan financial institution, specially banking industry. SCE and CEE has negative impact while RCE impact positively on financial performance.
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Vania, Vica, and Merry Susanti. "Pengaruh HCE, SCE, CEE, Liquidity, dan Firm Size terhadap Firm Performance." Jurnal Paradigma Akuntansi 6, no. 1 (2024): 98–108. http://dx.doi.org/10.24912/jpa.v6i1.28549.
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The purpose of this research is to empirically prove the effect of the variable human capital efficiency (HCE), structural capital efficiency (SCE), capital employed efficiency (CEE), liquidity, dan firm size to the variable firm performance, using 84 manufacturing companies listed at the Indonesia Stock Exchange in 2017-2019. Data processing in this research using software program the Eviews version 12.0. The results of the research that have been carried out on the simultaneous test shows that bahwa human capital efficiency, structural capital efficiency, capital employed efficiency, liquidity, dan firm size have a significant simultaneous effect on firm performance, while the partial significance test shows that SCE and liquidity have a significant effect on CAR, but for HCE, CEE, and firm size have no significant effect on firm performance.
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Kurniawan, Elan, and Windy Yuliana. "Pengaruh Intellectual Capital Terhadap Kinerja Keuangan Pada Perusahaan Real Estate dan Property Di Indonesia." AKRUAL : Jurnal Akuntansi dan Keuangan 1, no. 1 (2020): 15–32. http://dx.doi.org/10.34005/akrual.v1i1.1012.
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This research aims to determine the influence of Intellectual Capital which consists of Human Capital Efficiency (HCE, Structural Capital Efficiency (SCE), and Capital Employed Efficiency (CEE) toward the financial performance of real estate and property companies listed in Indonesian Stock Exchange.
 The research populations are financial performance companies which are consistently listed in Indonesian Stock Exchange during the period 2010-2014. Which amounted 50 companies. The sampling technique used is purposive sampling technique. According to pre-defined criteria, the researcher obtains 20 sample companies. Type of data which is used is secondary data taken using the documnetation method through accessing the website www.idx.co.id. The data analysis technique which is used are simple regression and double regression analysis. The result of this research show that: (1) there is a positive and significant influence between Human Capital Efficiency (HCE) towards ROE, with a correlation coefficient 0,533, coefficient determination R2 is 0,284, (2) there is a positive and significant influence between Structural Capital Efficiency (SCE) towards ROE, with a correlation coefficient 0,471, coefficient determination R2 is 0,222, (3) there is a positive and significant influence between Capital Employed Efficiency (CEE) towards ROE, with a correlation coefficient 0,516, coefficient determination R2 is 0,266, (4) there is a positive and significant influence between Human Capital Efficiency (HCE), Structural Capital Efficiency (SCE), and Capital Employed Efficiency (CEE) simultaneously towards ROE, with doubled correlation coefficient is 0,653, coefficient determination Adjusted R2 is 0,409
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Destania, Chairunnisa Okta, and Elen Puspitasari. "Pengaruh Intellectual Capital Terhadap Kinerja Keuangan Sektor Keuangan di Indonesia." Jurnal Riset Akuntansi dan Keuangan 9, no. 3 (2021): 513–24. https://doi.org/10.17509/jrak.v9i3.32123.
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Masyarakat Ekonomi ASEAN (MEA) telah berlangsung sejak tahun 2015 lalu dan tentunya setiap perusahaan saling berlomba untuk mempertahankan keberlanjutan usahanya dan memperoleh keuntungan. Tujuan penelitian ini adalah untuk menguji dan menganalisa pengaruh intellectual capital terhadap kinerja keuangan pada perusahaan sektor keuangan go public di Indonesia periode 2017-2019. Populasi penelitian sebanyak 271 perusahaan sektor keuangan yang terdaftar di Bursa Efek Indonesia tahun 2017-2019. Sampel ditentukan dengan teknik purposive sampling, dan diperoleh sampel 227 perusahaan. Metode analisis yang digunakan adalah analisis regresi linier berganda. Human Capital Efficiency (HCE) dan Structural Capital Efficiency (SCE) berpengaruh positif dan signifikan terhadap ROA. Capital Employed Efficiency (CEE) berpengaruh positif tetapi tidak signifikan terhadap ROA. Human Capital Efficiency (HCE) dan Capital Employed Efficiency (CEE) berpengaruh negatif tetapi tidak signifikan terhadap BOPO. Structural Capital Efficiency (SCE) berpengaruh negatif dan signifikan terhadap BOPO.
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Ibrahimy, Ahmad Ibn, and Karthyainee Raman. "THE IMPACT OF INTELLECTUAL CAPITAL ON FIRM PERFORMANCE IN MALAYSIA." UNIMAS Review of Accounting and Finance 2, no. 1 (2019): 9–18. http://dx.doi.org/10.33736/uraf.1996.2019.
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The purpose of this study is to investigate the relationship between intellectual capital and performance of the companies listed in Bursa Malaysia. Using data drawn from 35 companies listed in Bursa Malaysia for the period of 2008 to 2017, regression model is constructed to examine the relationship between the components of intellectual capital, which are Human Capital Efficiency (HCE), Structural Capital Efficiency (SCE) and Capital Employed Efficiency (CEE), and the performance of the companies measured using the variable Return on Assets (ROA). Data collected are analyzed using statistical software EViews and the outcome has been interpreted according to the statistical rule. As a result, the overall outcome can be concluded that Structural Capital Efficiency (SCE) and Capital Employed Efficiency (CEE) indicate positive relationship for influencing the performance of the companies listed in Bursa Malaysia. Additionally, Human Capital Efficiency (HCE) shows a negatively weak relationship with firm performance.
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Widiyaningsih, Vitalis Ari, and Framcisca Roosiana Kurniawati. "MENGOPTIMALKAN PERTUMBUHAN PENDAPATAN DENGAN INVESTASI INTELLECTUAL CAPITAL: STRATEGI BISNIS SEBAGAI PEMODERASI." Media Akuntansi 30, no. 01 (2018): 089–99. http://dx.doi.org/10.47202/mak.v30i01.122.
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Penelitian ini bertujuan untuk menguji secara empiris Intellectual Capital (IC) terhadap Pertumbuhan Pendapatan dengan Strategi Bisnis sebagai variabel moderasi. Model pengukuran IC menggunakan model Pulic (1998) dimana IC merupakan value added yang diciptakan oleh Structural Capital Efficiency (SCE)), Human Capital Efficiency (HCE), dan Capital Employee Efficiency (CEE). Variabel Strategi Bisnis sebagai variabel moderasi yang diproksikan dengan price premium capability.
 Penelitian ini mengambil sampel perusahaan perbankan yang terdaftar di Bursa Efek Indonesia periode 2014-2016. Perusahaan perbankan dianggap perusahaan yang sangat dipengaruhi oleh kualitas SDM terutama pengetahuan untuk melakukan inovasi dalam persaingan bisnis. Pengujian hipotesis dilakukan dengan analisis regresi berganda dan untuk pengujian variabel moderating dilakukan dengan MRA (Moderating Regression Analisys).
 Hasil penelitian menunjukan bahwa Structural Capital Efficiency (SCE) berpengaruh terhadap pertumbuhan pendapatan, sedangkan Human Capital Efficiency (HCE) dan Capital Employee Efficiency (CEE) tidak berpengaruh terhadap pertumbuhan pendapatan. Price Premium Capability (PPC) sebagai variabel moderasi, hanya Human Capital Efficiency (HCE) yang berpengaruh terhadap pertumbuhan pendapatan.
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Yaseen, Hadeel, and Asma’a Al-Amarneh. "Intellectual capital and financial performance: Case of the emerging market banks." Journal of Governance and Regulation 10, no. 1 (2021): 35–41. http://dx.doi.org/10.22495/jgrv10i1art4.
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Using the value added intellectual capital (VAIC) this study aims to investigate the impact of intellectual capital (IC) on the performance of Jordanian banks listed in the Amman Stock Exchange (ASE) during the years 2005-2018. Two empirical models were designed to test the effect of VAIC, and its three components including capital employed efficiency (CEE), human capital efficiency (HCE) and structural capital efficiency (SCE) on banking performance. The results of the study show that there is a significant and positive relationship between VAIC and banks profitability presented by return on assets (ROA). Meanwhile, when VAIC is split into components, SCE, CEE and HCE have a significant and positive impact on banks performance. Yet, CEE has more influence on performance compared to HCE and SCE. This study contributes to the literature as well as practitioners in financial institutions by providing evidence on the influence of intellectual capital on banks performance in an emerging economy, Jordan, in which its national vision and strategy emphasize the importance of intellectual capital in sustaining its economic growth.
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Rosmita Rasyid, Su Lian Silvya,. "PENGARUH INTELLECTUAL CAPITAL DAN CAPITAL STRUCTURE TERHADAP FIRM PERFORMANCE PERUSAHAAN MANUFAKTUR." Jurnal Paradigma Akuntansi 2, no. 3 (2020): 1104. http://dx.doi.org/10.24912/jpa.v2i3.9536.
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The purpose of this research was to study the effect of Intellectual Capital (HCE, SCE, and CEE) and Capital Structure (DER) on Firm Performance of the manufacturing companies listed in the Indonesia Stock Exchange in the period of 2016-2018. In this research there are 69 selected manufacturing companies that were listed on the Indonesia Stock Exchange in the 2016-2018 period so that the required data were 207 data samples. In this research panel model trial and hypothesis test were conducted. The results of this study indicate that HCE partially has no influence on company’s Return on Assets (ROA), while SCE and CEE partially has a positive influence on the company's Return on Assets (ROA) and Debt to Equity Ratio partially has a negative influence on company’s Return on Assets (ROA).
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Perdana, Endika. "PENGARUH ELEMEN MODAL INTELEKTUAL TERHADAP HARGA SAHAM MELALUI ROA SEBAGAI VARIABEL PEMEDIASI PADA BANK BUMN." Journal of Business Economics 24, no. 2 (2019): 193–206. http://dx.doi.org/10.35760/eb.2019.v24i2.1909.
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Intellectual capital (IC) merupakan konsep dalam menilai kinerja keuangan yang cukup berkembang dalam beberapa tahun belakangan ini. IC terdiri atas tiga elemen yaitu Human Capital Efficiency (HCE), Structural Capital Efficiendy (SCE), dan Capital Employed Efficiency (CEE). Secara umum, IC menggambarkan tentang optimalisasi penggunaan elemen sumber daya perusahaan yang terdiri atas sumber daya manusia, sumber daya struktural, dan sumber daya modal untuk menciptakan nilai tambah bagi perusahaan. Penelitian ini bertujuan untuk mengetahui pengaruh IC yang terdiri dari HCE, SCE dan CEE terhadap harga saham melalui kinerja keuangan bank (Return On Asset). Sampel penelitian ini terdiri atas bank BUMN yang terdaftar di Bursa Efek Indonesia dan dipilih secara purposive sampling. Metode statistik yang digunakan adalah analisis regresi linier berganda. Hasil penelitian menunjukkan secara simultan HCE, SCE dan CEE berpengaruh terhadap ROA. Secara parsial hanya CEE yang memengaruhi kinerja (ROA). Variabel HCE, SCE, CEE, dan ROA secara simultan berpengaruh terhadap Harga Saham. Variabel CEE memengaruhi nilai harga saham secara parsial.
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Debbie Setiady1, Yanti Yanti, and Emillia Sastrasasmita. "THE COMPONENTS OF INTELLECTUAL CAPITAL THAT AFFECT FIRM PERFORMANCE IN STATE-OWNED COMPANIES." International Journal of Application on Economics and Business 1, no. 4 (2023): 2255–64. http://dx.doi.org/10.24912/ijaeb.v1i4.2255-2264.
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The purpose of this study is to examine the effect of independent variables of human capital efficiency (HCE), capital employed efficiency (CEE), and structural capital efficiency (SCE) on firm performance. This study uses firm size as a control variable. The sample in this study was selected using purposive sampling which resulted in 11 state-owned companies from 12 companies listed on the Indonesia Stock Exchange (IDX) during the 2019-2022 period were used as research objects. This study uses a panel data regression model with a Common Effect Model (CEM) approach using Eviews version 12 program. Based on the analysis, the results of this study shows that human capital efficiency (HCE), capital employed efficiency (CEE) and firm size have a positive and significant effect on firm performance, while structural capital employed (SCE) have an insignificant effect on firm performance. These findings also revealed that companies that can manage their assets including intangible assets will improve company performance.
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Nugraha, Ginanjar Adi, Tunggul Priyatama, Tri Esti Masita, P. Edi Sumantri, and Minadi Wijaya. "Pengaruh Intellectual Capital Terhadap Kinerja Keuangan Perusahaan Sub Sektor Otomotif dan Komponen di Bursa Efek Indonesia." PARAMETER 6, no. 1 (2021): 146–57. http://dx.doi.org/10.37751/parameter.v6i1.241.
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Return on Asset is a profitability ratio to measure the effectiveness of a company in generating profits by utilizing its total assets. If viewed from a strategic perspective, intellectual capital can be used to create and use knowledge to expand a company's financial performance. Knowledge assets are an exchange of forms for the transformation of this knowledge. This study aims to examine the effect of intellectual capital on financial performance. This study tested CEE (Capital Employed Efficiency), HCE (Human Capital Efficiency) and SCE (Structural Capital Efficiency). The population in this study were 13 automotive sub-sector companies listed on the Indonesia Stock Exchange for the period 2014-2018. The sampling method used was purposive sampling technique and produced a sample of 9 companies for five years from 2014-2018. The results of this study indicate that CEE has a positive and significant effect, HCE has a negative and insignificant effect, while SCE has a negative and significant effect on the financial performance of the automotive sub-sector companies and components on the Indonesia Stock Exchange in 2014-2018.
 Abstrak
 Return on Asset merupakan rasio profitabilitas untuk mengukur efektivitas perusahaan dalam menghasilkan keuntungan dengan memanfaatkan total aset yang dimilikinya. Jika dilihat dari perspektif stratejik, maka Intellectual Capital dapat digunakan untuk menciptakan dan menggunakan pengetahuan (knowledge) untuk memperluas kinerja keuangan perusahaan, knowledge asset merupakan pertukaran bentuk bagi transformasi pengetahuan tersebut. Penelitian ini bertujuan untuk menguji pengaruh Intellectual Capital terhadap kinerja keuangan. Penelitian ini menguji CEE (Capital Employed Efficiency), HCE (Human Capital Efficiency) dan SCE (Structural Capital Efficiency). Populasi pada penelitian ini adalah 13 perusahaan sub sektor otomotif yang terdaftar di Bursa Efek Indonesia periode 2014-2018. Metode pengambilan sampel menggunakan teknik purposive sampling dan menghasilkan sampel sebanyak 9 perusahaan selama lima tahun dengan periode 2014-2018. Hasil dari penelitian ini menunjukkan bahwa CEE berpengaruh positif dan signifikan, HCE berpengaruh negatif dan tidak signifikan sedangkan SCE berpengaruh negatif dan signifikan terhadap kinerja keuangan perusahaan sub sektor otomotif dan komponen di Bursa Efek Indonesia tahun 2014-2018.
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Hryhorak, Mariia, and Liliya Shevchuk. "Efficiency of "lean management" application in business processes management of refrigeration equipment supply chain during the COVID crisis." Electronic Scientific Journal Intellectualization of Logistics and Supply Chain Management #1 2020, no. 5 (February 2021): 40–52. http://dx.doi.org/10.46783/smart-scm/2021-5-3.
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The article reveals the main trends in the functioning of global supply chains in the context of the COVID-19 pandemic and their impact on the activities of Ukrainian enterprises are identified. It is noted that the closure of borders between countries and the introduction of self-isolation regime caused a significant reduction in production capacity and the volume of international trade. Global supply chains have become very vulnerable and necessitate their revision and the search for alternative ways to deliver goods to end users. Since Ukraine is a country with an open market economy, this article summarizes the main challenges for import-dependent supply chains and makes proposals on ways to overcome them. The expediency of applying the concept of Lean-management in business processes management of refrigeration supply chains during a pandemic as a means of overcoming crisis situations and ensuring sustainable development are proved. The dynamics and structure analysis of the company LLC "Holod Engineering" income and expenses allowed to establish a tendency to reduce the profitability of the company's business and capital turnover, as well as increase the share of logistics costs in the production costs. The greatest impact on the growth of logistics costs have the inventory costs due to the processes of storage and orders completion and delivery delays, which lead to customer dissatisfaction and complaints. Methodical approaches to estimating the level of processes coordination in the supply chains of refrigeration equipment, calculation of supply lots optimal parameters, levels of raw materials and components stocks, production and storage capacity rationalization of the enterprise are substantiated. With the help of Shewhart's control charts, the coordination of business processes in the equipment supply chains were assessed and the sources of potential losses were identified. The technological and logistics processes optimization in terms of their cost, duration and quality of results takes into account not only individual processes of enterprises, but also interprocess connections between supply chain links. It is proposed to implement a number of organizational measures using the concept of lean management, which involves market integration, production process, procurement and sales in order to provide a high level of customer service. The efficiency of the proposed organizational changes and their impact on business profitability, inventory turnover, the amount of logistics costs and the quality of customer service are determined.
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Hryhorak, Maria, and Liliya Shevchuk. "Efficiency of "lean management" application in business processes management of refrigeration equipment supply chain during the COVID crisis." Electronic scientifical and practical journal "Intellectualization of logistics and Supply Chain Management" 1, no. 5 (2021): 40–52. https://doi.org/10.46783/smart-scm/2021-5-3.
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<em>The article reveals the main trends in the functioning of global supply chains in the context of the COVID-19 pandemic and their impact on the activities of Ukrainian enterprises are identified. It is noted that the closure of borders between countries and the introduction of self-isolation regime caused a significant reduction in production capacity and the volume of international trade. Global supply chains have become very vulnerable and necessitate their revision and the search for alternative ways to deliver goods to end users. Since Ukraine is a country with an open market economy, this article summarizes the main challenges for import-dependent supply chains and makes proposals on ways to overcome them. The expediency of applying the concept of Lean-management in business processes management of refrigeration supply chains during a pandemic as a means of overcoming crisis situations and ensuring sustainable development are proved. The dynamics and structure analysis of the company LLC "Holod Engineering" income and expenses allowed to establish a tendency to reduce the profitability of the company's business and capital turnover, as well as increase the share of logistics costs in the production costs. The greatest impact on the growth of logistics costs have the inventory costs due to the processes of storage and orders completion and delivery delays, which lead to customer dissatisfaction and complaints. Methodical approaches to estimating the level of processes coordination in the supply chains of refrigeration equipment, calculation of supply lots optimal parameters, levels of raw materials and components stocks, production and storage capacity rationalization of the enterprise are substantiated. With the help of Shewhart's control charts, the coordination of business processes in the equipment supply chains were assessed and the sources of potential losses were identified. The technological and logistics processes optimization in terms of their cost, duration and quality of results takes into account not only individual processes of enterprises, but also interprocess connections between supply chain links. It is proposed to implement a number of organizational measures using the concept of lean management, which involves market integration, production process, procurement and sales in order to provide a high level of customer service. The efficiency of the proposed organizational changes and their impact on business profitability, inventory turnover, the amount of logistics costs and the quality of customer service are determined.</em>
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Muthaher, Osmad, and Iwan Nur Prasetyo. "PENGARUH MODAL INTELEKTUAL TERHADAP ROE dan EPS SEBAGAI PROKSI KINERJA KEUANGAN (Studi Empiris Pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Tahun 2011 - 2013)." Jurnal Ekonomi dan Bisnis 15, no. 2 (2014): 71. http://dx.doi.org/10.30659/ekobis.15.2.71-85.
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The purpose of this study is to provide empirical evidence about the influence of intellectual capital on the financial performance of the company. This study uses a model Pulic (Value Added Intellectual Coefficient - VAICTM) were identified into three components, namely, capital employed efficiency (CEE), human capital efficiency (HCE) and structural capital efficiency (SCE). This study examines the effect of the three components of the Return On Equity (ROE) and Earnings Per Share (EPS) as the company’s financial performance. The data used in this study is a secondary data from company financial reports in 2011-2013 were obtained from theIndonesia Stock Exchange (IDX). The sample was 53 companies in 3 years, bringing the total sample 159. Samples were taken using purposive sampling method and which meet the criteria of sample selection. The results of this study indicate that: (1) Capital Employed Efficiency (CEE) significant positive effect on return on equity (ROE) and Earnings Per Share (EPS). (2) Human Capital Efficiency (HCE) significant positive effect on EPS and no effect on ROE. (3) Structural Capital Efficiency (SCE) significant positive effect on ROE and no effect on EPS.Keywords: capital employed efficiency, Earning Per Share (EPS), efficiency of human capital, return on equity (ROE) structural capital efficiency.
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Fitriaty, Fitriaty, Muhammad Haris Saputra, and Dessy Elliyana. "EFFECT OF INTELLECTUAL CAPITAL ON COMPANY PERFORMANCE AND COMPANY VALUE BEFORE AND DURING COVID-19 PANDEMIC." Journal of Business Studies and Mangement Review 5, no. 2 (2022): 226–32. http://dx.doi.org/10.22437/jbsmr.v5i2.18555.
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This study aims to examine the effect of Value added Intellectual capital (VAIC) consist of Human Capital Efficiency (HCE), Structural Capital Efficiency (SCE), Capital Employed Efficiency (CEE) on company performance and company value before and during the Covid-19 pandemic. The sample of this research is companies listed on the Indonesia Stock Exchange for the Mining Industry period 2017-2021. The results of this study before covid HCE, SCE and Size had a negative and significant effect on company performance, CEE and VAIC had a significant positive effect on company performance. VAIC has a positive and significant effect on company value. Meanwhile, when the Covid-19 pandemic CEE had a positive and significant impact on company performance, VAIC had a positive and significant impact on company value.
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Azhar, Zubir. "The Influence of Intellectual Capital on Earnings Quality: Evidence from Firms Listed on the Cambodia Securities Exchange." Journal of Accounting, Finance, Economics, and Social Sciences 8, no. 1 (2023): 37–51. http://dx.doi.org/10.62458/jafess.160224.8(1)37-51.
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ABSTRACT This study aims to determine whether the efficiency of intellectual capital (IC) and each of its three constituents—human capital efficiency (HCE), capital employed efficiency (CEE), and structural capital efficiency (SCE)—can generate better earnings quality (EQ) in an emerging market. Drawing on the Pulic (2004) model for measuring the efficiency of IC and the absolute value of discretionary accruals as a proxy for EQ, the study analyzes the data of a sample of Cambodian nonfinancial firms listed on the Cambodian Securities Exchange (CSX) during the period from 2013 to 2021. The empirical results indicated that Cambodian firms active in utilizing IC has more tendency to provide reports of high quality. Besides, it is shown that each of the three elements of IC significantly and positively influences EQ. Meanwhile, SCE has the most significant impact among the three components. Those results offer an enhanced understanding of IC-utilizing and EQ practices that might be in favor of investors, regulatory bodies, and scholars. This study is among the first studies investigating Cambodian firms for IC and EQ topics. Keywords: : Earnings quality; Value-added intellectual coefficient; Human capital efficiency; Employed capital efficiency; Structural capital efficiency
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Jaunanda, Meiliana, Roy Sembel, Edison Hulu, and Gracia Shinta S. Ugut. "The impact of intellectual capital strategy on firm value and financial distress." Corporate and Business Strategy Review 5, no. 3 (2024): 148–58. http://dx.doi.org/10.22495/cbsrv5i3art14.
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This study aims to examine the effect of intangible assets, on corporate financial performance and financial distress. Intangible assets in this study are explained by human capital efficiency (HCE), relational capital efficiency (RCE), structural capital efficiency (SCE), and capital employed efficiency (CEE). The measurement model often used is the extended value-added intellectual coefficient plus (EVAIC+) model by Ulum (2017), which is a model developed from a comparison of Edvinsson’s (1997) and Pulic’s (2000) models. Financial performance is measured by firm value with price to book value (PBV) proxy, and financial distress with Altman Z-score. This study was conducted using secondary data and sample selection using purposive sampling with samples being listed manufacturing companies in Indonesia, Singapore, Malaysia, Thailand, the Philippines and South Korea, Japan, and China Stock Exchanges for the period 2011–2021. The results of the study on Model 1 found that HCE, RCE, and CEE have a positive effect and significance and SCE have a negative effect and significance on firm value. Model 2 found that HCE, RCE, and CEE have a positive effect and SCE have a negative effect and significant on financial distress. The results of this study can be used as a reference for companies to be able to manage intangible assets, especially intellectual capital disclosure.
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Rehman, Wasim ul, Chaudhary Abdul Rehman, Hafeez ur Rehman, and Ayesha Zahid. "INTELLECTUAL CAPITAL PERFORMANCE AND ITS IMPACT ON CORPORATE PERFORMANCE: AN EMPIRICAL EVIDENCE FROM MODARABA SECTOR OF PAKISTAN." Australian Journal of Business and Management Research 01, no. 05 (2011): 08–16. http://dx.doi.org/10.52283/nswrca.ajbmr.20110105a02.
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The aim of study of this is to examine the Intellectual Performance (IC) of 12 Modaraba companies and its impact on corporate performance. This study examines the performance of three main components of VAIC™ i.e. Human Capital Efficiency (HCE), Structural Capital Efficiency (SCE) and Capital Employed Efficiency (CEE) and its impact on corporate performance by employing the predictive analysis. The empirical results reveal that one of the important components to strengthen the IC performance is Human Capital Efficiency (HCE) which means investing more to boost the employees productive would increase the human efficiency of employees. The results show that HCE has significant relation at (P>0.1) with financial performance (ROE and EPS), SCE at (P >0.1) and (P>0.05) with financial performance (ROE) and (EPS) respectively. Whereas CEE has substantive effect with ROE and ROI at (P>0.05) and with (EPS) at (P>0.1) respectively.
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Meiry and Estralita Trisnawati. "Pengaruh Intellectual Capital Terhadap Perencanaan Pajak Pada Perusahaan Manufaktur." Jurnal Paradigma Akuntansi 4, no. 3 (2022): 1437–45. http://dx.doi.org/10.24912/jpa.v4i3.20031.
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The main purpose of this research is to examine the effect of Intellectual Capital and its components, namely Human Capital Efficiency (HCE), Structural Capital Efficiency (SCE), and Physical Capital Efficiency (CEE) on the tax planning of manufacturing companies listed on the Indonesia Stock Exchange for the period 2017-2019. The sample was selected by purposive sampling method and valid data were 127 companies. Data analysis model assisted by the SPSS version 24 and SmartPLS version 3.3.2 software program. The results of this study indicate that HCE has a positive effect on Tax Planning, CEE has no effect on Tax Planning and SCE has no effect on Tax Planning. The implication of this research is the need to increase intellectual load by minimizing corporate taxes in accordance with applicable tax laws. To improve corporate tax planning.
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Zheng, Changjun, Md Nazmul Islam, Md Nazmus Sadekin, and Syed Moudud Ul Huq. "The Impact of Intellectual Capital on Bank Risk: Evidence from Banking Sectors of Bangladesh." International Journal of Research in Business and Social Science (2147- 4478) 11, no. 4 (2022): 183–92. http://dx.doi.org/10.20525/ijrbs.v11i4.1777.
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The main purpose of this study is to identify the impact of intellectual capital efficiency (ICE) also known as knowledge capital along with its components human capital efficiency (HCE) and structural capital efficiency (SCE) on bank risk-taking behavior in Bangladesh. To reveal this effect, the study uses generalized method of moment (GMM) estimator and Two Stages Least Square estimator (to check the Robustness) and unbalanced panel data of 32 commercial banks of Bangladesh consisting of 530 bank-year observations during the year 2003-2020. The main results of the study are: (a) ICE is significantly and positively connected with a bank’s credit risk which indicates credit risk grows up with the increase of Intellectual capital efficiency, and (b) Both the human capital efficiency and structural capital efficiency positively impacts credit risk but the impact of SCE is not significant as HCE, (c) Bank performance (ROA), RWATA, macro variable inflation, and size have a negative impact on bank risk whereas ID and GGDP insignificant positively impact on bank’s risk. Finally, the results of the study will assist the stakeholders, policymakers, and academicians for future research.
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Buallay, Amina. "Audit committee characteristics: an empirical investigation of the contribution to intellectual capital efficiency." Measuring Business Excellence 22, no. 2 (2018): 183–200. http://dx.doi.org/10.1108/mbe-09-2017-0064.
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Purpose In a knowledge economy, it is generally agreed that audit committees play a significant role in supporting the overall firm’s knowledge, particularly enhancing the reporting process. In this respect, this paper aims to examine the effect of audit committee characteristics on intellectual capital efficiency. Design/methodology/approach This study examined 59 banks for five years (2011-2015), obtaining 295 observations. The study’s independent variable is audit committee characteristics. The dependent variable is intellectual capital components (Human: human capital efficiency [HCE]; Structural: structural capital efficiency [SCE]; Relational: relational capital efficiency [RCE]; and Physical/Financial: capital employed efficiency [CEE]). In addition, the study used four bank-specific control variables. Findings The findings deduced from the empirical results demonstrate that there is a significant positive impact of audit committee characteristics on intellectual capital. Moreover, the relationship between audit committee and intellectual capital components (HCE, SCE, RCE and CEE) also has a significant positive relationship if measured individually. Originality/value The study provides insights about the relationship between audit committee characteristics and the improvement in intellectual capital efficiency, which might be used by firms to re-arrange the roles within audit committee, to reassign internal priorities and to escalate position in their environment.
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Andini, Farsiana, and Ririen Setiati Riyanti. "ANALYSIS INTELLECTUAL CAPITAL ON FINANCIAL PERFORMANCE AND SUSTAINABLE GROWTH OF COMPANY IN INDONESIA." Ekonomi Bisnis 30, no. 1 (2025): 16. https://doi.org/10.17977/um042v30i1p16-30.
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The objective of this study is to examine the impact of Intellectual Capital (IC) on financial performance and sustainable growth within consumer goods sector companies in Indonesia over the period from 2018 to 2022. The research employs a multiple regression analysis method to assess the relationship between IC variables—measured using the Value Added Intellectual Coefficient (VAIC)—and its components: Capital Employed Efficiency (CEE), Human Capital Efficiency (HCE), Structural Capital Efficiency (SCE), Innovative Capital Efficiency (RDE), and Relational Capital Efficiency (RCE), in relation to financial performance indicators such as Return on Assets (ROA), Return on Equity (ROE), Sales Growth (SG), and Sustainable Growth Rate (SGR). The results of the analysis indicate a relationship between IC and financial performance, where VAIC demonstrates a significant influence on ROA, ROE, SG, and Sustainable Growth Rate (SGR) in the companies. However, findings regarding the individual IC components (CEE, HCE, SCE, RDE, and RCE) reveal varying effects on financial performance (ROA, ROE, and SG) and SGR. The implications of this study emphasize the critical importance of effective management and development of Intellectual Capital for companies, particularly in enhancing financial performance and achieving sustainable growth.
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Vinod, H. D., and P. M. Rao. "Efficiency Ranking of IT Service-Producing Firms: Case of Indian Multinationals." International Review of Business and Economics 5, no. 1 (2021): 1–26. http://dx.doi.org/10.56902/irbe.2021.5.1.3.
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Production functions often study the output of physical products with capital and labor inputs. Instead, we use 2004 to 2016 data for 55 Indian multinational companies to assess the production of services. Our estimates of flexible production functions yield estimates of scale elasticity (SCE) and elasticity of substitution (EOS) for pooled data. A subset of 31 companies with relatively complete data yields their individual SCE and EOS values, revealing their heterogeneity. Sorting the 31 companies by their SCE help name scale-efficient (high SCE) and scale inefficient (low SCE) multinationals. Similarly, a listing of 31 companies sorted by EOS allows us to name companies that are (and are not) robust to input price shocks. Using stock market data on these publicly traded companies, we report the values of three stock market criteria for top ranking companies by SCE. We also study empirical causal paths from the market criteria to EOS and SCE, suggesting that SCE and EOS do drive stock market indicators implying efficient markets. Our pooled and detailed results are relevant for government policy toward the IT sector and corporate governance issues.
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SKHVEDIANI, Angi E., Diana A. MAKSIMENKO, and Anastasiya A. MAIKOVA. "Econometric analysis of relationship between intellectual capital and gross profit margin of Russian IT companies from 2017 to 2020." Economic Analysis: Theory and Practice 21, no. 12 (2022): 2272–92. http://dx.doi.org/10.24891/ea.21.12.2272.
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Subject. The article addresses relationship between intellectual capital and operating efficiency of IT companies. Objectives. Our aim is to conduct econometric analysis of the impact of intellectual capital and its individual elements on the profit margin of Russian IT companies. Methods. We employ methods of econometric analysis. The sample comprised 323 IT companies operating in Russia from 2016 to 2020. Results. We built two blocks of linear regression models with random and fixed annual and panel effects. For models of the first block, were selected indicators of structural (SCE), human (HCE), relational (RCE) capital efficiency and capital employed efficiency (CEE) as exogenous variables. The regression analysis showed that CEE and SCE have a significant positive effect on profit marginality. For models of the second block, we used a complex indicator, combining SCE, HCE, and RCE. We established that intellectual capital in general is positively associated with gross profit marginality of Russian IT companies. Conclusions. The study revealed that Russian IT companies effectively use the supporting intangible infrastructure and total assets. However, human capital, being the most significant resource of this industry, is used inefficiently and provides no potential for profit. Relationships with counterparties (consumers, suppliers, and other stakeholders), expressed in RCE, did not show a significant relationship with profitability either. Practical application of the findings may help improve business processes and management of intangible resources of IT companies.
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Rusmawan, Renanta Ivana Nanda, Iwan Setiawan, and Ruhadi Ruhadi. "The Effect of Intellectual Capital on Financial Performance with Corporate Social Responsibility as Moderating Variable: Studies on Islamic Commercial Banks." Indonesian Journal of Economics and Management 3, no. 2 (2023): 439–49. http://dx.doi.org/10.35313/ijem.v3i2.4879.
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This study aims to determine the influence of Intellectual Capital and the moderating of Corporate Social Responsibility to financial performance of Islamic banks. The data in this study used secondary data using the IB reports for the years 2010-2021. The independent variable used is IC as measured by Human Capital Efficiency, Structural Capital Efficiency, and Capital Employed Efficiency, and Corporate Social Responsibility as moderating variable. While the dependent variable used is ROA and ROE as the measure of financial performance. This study uses multiple linear regression analysis with data panel models. The results showed that IC as measured by HCE has positive and no significant effect, SCE has positive and significant effect, and CEE has negative and significant effect on financial performance. and as a moderating variable, CSR negatively weakens the relationship between HCE and SCE and financial performance, while CSR positively strengthens the relationship between CEE and financial performance.
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Tetteh, Anthony Buawolor, Sophia Awartey, John Kwaku Mensah Mawutor, Felix Kwame Aveh, Samuel Antwi, and Isaac Ofoeda. "Corporate Social Responsibility Reporting, Intellectual Capital, and Financial Performance of Listed Firms in Ghana." Journal of Comparative International Management 27, no. 2 (2024): 114–37. https://doi.org/10.55482/jcim.2024.33791.
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This study examines the moderating effect of intellectual capital (IC) on the relationship between corporate social responsibility (CSR) reporting and financial performance of 36 listed firms in Ghana from 2013 to 2022. We employed the system generalized method of moment and the dynamic panel threshold regression. We used data from BankScope, the Refinitiv database, and unconsolidated financial statements. We discovered a significant negative effect of CSR reporting on financial performance. Conversely, the IC components including value-added intellectual coefficient (VAIC), human capital efficiency (HCE), and structural capital efficiency (SCE) have a positive effect on financial performance. However, capital employed efficiency (CEE) negatively impacts financial performance of listed firms in Ghana. Our study further revealed that VAIC, HCE, and SCE exhibit positive and statistically significant moderating effects on the relationship between CSR reporting and financial performance. Our analysis also reported a negative and significant effect of CEE on the relationship between CSR reporting and financial performance. We also found that CSR reporting positively affects financial performance of listed firms in Ghana when IC (VAIC, HCE, and SCE) exceeds a certain threshold. Firms must carefully consider the interplay between CSR reporting, IC, and environmental engagement to optimize their financial performance. This research contributes to the theoretical understanding by demonstrating how IC components, particularly VAIC, HCE, and SCE, positively moderate the relationship between CSR reporting and financial performance, offering fresh perspectives on the role of IC in enhancing the financial outcomes of CSR activities among listed firms in Ghana.
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Reboredo, Juan C., and Samih M. A. Sowaity. "Environmental, Social, and Governance Information Disclosure and Intellectual Capital Efficiency in Jordanian Listed Firms." Sustainability 14, no. 1 (2021): 115. http://dx.doi.org/10.3390/su14010115.
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In this study, we explore the association between the intellectual capital (IC) efficiency of firms and their voluntary disclosure of environmental, social, and governance (ESG) information, using data on Jordanian listed firms and the value-added intellectual coefficient (VAIC) model with its three components of human, structural, and relational capital efficiency (HCE, SCE, and RCE, respectively). We find that disclosing environmental information is unrelated to IC efficiency, that disclosing governance information is associated with raised IC efficiency through the HCE and RCE components, and that disclosing social information is negatively associated with IC efficiency through the SCE and RCE components. We also find that releasing information on one or two of the three ESG dimensions has a positive effect on IC efficiency. This evidence has implications for the management of intangible assets.
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Adriel, Christandy. "THE EFFECT OF INTELLECTUAL CAPITAL ON FINANCIAL PERFORMANCE IN THE ASEAN TELECOMMUNICATIONS SECTOR." JOURNAL OF ACCOUNTING, ENTREPRENEURSHIP AND FINANCIAL TECHNOLOGY (JAEF) 2, no. 1 (2021): 21–38. http://dx.doi.org/10.37715/jaef.v2i1.1862.
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Telecommunication sector plays an important role in people’s life, but its service in ASEAN nations are not as good as other nations. Currently, ASEANs telecommunication sector of financial performance (FP) is on a poor level and needs to be improved. Intellectual capital (IC) can increase FP. Every IC's component affects the FP, and this was tested on this research to see which component of IC is good to be invested to increase company’s FP. Independent variables used on this research are Human Capital Efficiency (HCE), Structural Capital Efficiency (SCE), Relational Capital Efficiency (RCE), and Capital Employed Efficiency (CEE). The dependent variable is Return on Assets (ROA). This research used pooling data method from financial statements of ASEAN telecommunication company in the period of 2011 to 2018. The number of samples which fulfills the criteria were 273 samples. SPSS 20th version was used to analyses the data. The results indicate that FP is affected positively and significantly by HCE and CEE. However, SCE has a negative effect on FP significantly, while RCE does not affect FP.
 Keywords: Intellectual Capital, Financial Performance, E-VAIC, ASEAN Telecommunication.
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Pratama, Adi, Bima Cinintya Pratama, Sri Wahyuni, and Ira Hapsari. "Moderating Effect of Intellectual Capital Components on the Relationship between ESG Scores and Firm Financial Performance." Asian Journal of Economics, Business and Accounting 24, no. 6 (2024): 477–95. http://dx.doi.org/10.9734/ajeba/2024/v24i61375.
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Aims: This study aims to determine the relationship between ESG Scores, Human Capital Efficiency (hereinafter referred to as HCE), Structural Capital Efficiency (hereinafter referred to as SCE), and Capital Employed Efficiency (hereinafter referred to as CEE) with Firm Financial Performance (hereinafter referred to as FFP). The role of HCE, SCE, and CEE as moderation between ESG Scores and FFP is also examined. This study uses Firm Size as a control variable. Study Design: Quantitative, Correlation, Panel data regression on time series data. Place and Duration of Study: Sample: With a purposive sampling approach, a total of 122 consisting of 58 companies listed on the Indonesian Stock Exchange in 2020-2023 and have ESG Scores from Morningstar Sustainalytics. Methodology: This study utilized the Fixed Effect Regression Model based on the preliminary test results for panel data regression. Results: The results of this study indicate that ESG Scores, HCE, and CEE have a positive effect on FFP, SCE doesn’t affect FFP, HCE cannot moderate the relationship between ESG Scores and FFP, SCE weakens the relationship between ESG Scores and FFP, and CEE strengthens the relationship between ESG Scores and FFP. Conclusion: This research concludes that the company's increasing FFP is influenced by several factors, including ESG Scores and Intellectual Capital (hereinafter referred to as IC) Component. The results of this study can be taken into consideration by companies and external parties such as potential investors and can influence stakeholders’ decision-making regarding the FFP which is influenced by ESG reflected by ESG Scores and knowledge-based corporate resources reflected by the IC Component.
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Hidayat, Maulana, and I. Made Dana. "PENGARUH INTELLECTUAL CAPITAL TERHADAP KINERJA KEUANGAN PERUSAHAAN SEKTOR PERTAMBANGAN DI BURSA EFEK INDONESIA." E-Jurnal Manajemen Universitas Udayana 8, no. 9 (2019): 5702. http://dx.doi.org/10.24843/ejmunud.2019.v08.i09.p17.
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The value of the company's resources can be measured using Intellectual Capital. A company can measure the value added by the company through the company's resources by using Intellectual Capital. This study aims to examine and analyze the influence of independent variables Human Capital Efficiency (HCE), Structural Capital Efficiency (SCE) and Capital Employed Efficiency (CEE) on the dependent variable, Return on Assets (ROA). Population in this study are mining sector companies in the Indonesia Stock Exchange. The research sample used a purposive sampling method to obtain 41 mining sector companies in the Indonesia Stock Exchange for the period 2016-2017 that met the research criteria. Data that has been collected will be analyzed using multiple linear regression methods and classical assumption tests. The study found that HCE and SCE had no effect on ROA, whereas CEE had a positive effect on ROA. This shows the factors that influence the financial performance of mining sector companies capital employee of the company. The manager of the mining sector company is expected to be able to increase the use of human capital and structural capital in the company's operations to increase its influence on the company's financial performance.
 Keywords: financial performance; intellectual capital; return on assets
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Metalia, Mega. "Relationship Between Risk Tasking And Sharia Bank Performance: Evidence From Islamic Bank In Asia." Jurnal Reviu Akuntansi dan Keuangan 13, no. 1 (2023): 216–34. http://dx.doi.org/10.22219/jrak.v13i1.25815.
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Purpose: This study aims to examine the relationship between human capital efficiency (HCE), structural capital efficiency (SCE), capital employed efficiency (CEE), risk taking, sharia governance, and the performance of Islamic banks based on the maqasid shariah index (MSI), as well as the moderating effect of governance sharia on the relationship between risk taking and performance. Methodology/approach: This study uses secondary data from the Bankscope database for 2014 - 2018, The test is carried out using a dynamic panel regression two-step generalized method of moments (GMM). The total population is all non - window banking Islamic banks from various countries, namely 96 banks. The sample that passed the selection based on the criteria were 75 banks. Findings: The results showed that there was a significant positive relationship between HCE, SCE, and CEE with the performance of Islamic banks. Risk taking has a significant negative effect on performance. The results of this study further indicate that governance positively moderates the relationship between risk taking and performance. Practical implications: The results of the study can provide an analysis of the specific impact of the effect of the size category of Islamic banks on the performance of Islamic banks. Originality/value: One of the novelty of this study is the analytical model links the influence of intellectual capital proxied by HCE, SCE, and CEE, risk taking, sharia governance with sharia bank performance.