scholarly journals Pengaruh Intellectual Capital Terhadap Kinerja Keuangan Pada Subsektor Hotel, Restoran dan Pariwisata

2017 ◽  
Vol 7 (2) ◽  
pp. 701
Author(s):  
Wayan Anggara Wijaya ◽  
I Gusti Bagus Wiksuana
Keyword(s):  
Financial Performance ◽  
Intellectual Capital ◽  
Classical Problem ◽  
Sampling Technique ◽  
Point Of View ◽  
Corporate Financial Performance ◽  
Structural Capital ◽  
Final Sample ◽  
Capital Efficiency ◽  
Performance Research

Financial performance is classical problem that every corporate has. Every corporate has a responsibility to the stakeholder for stabilize and improve their own financial performance. RBV theory and others study thats concern on financial performance created the point of view of resource that is perspective of intellectual capital. That’s perspective are possible for corporate to understand the strategic resource on improve their own financial performance. The purpose of this research is to determine the influence of human capital efficiency, capital employed efficiency, structural capital efficiency and overall of intellectual capital toward corporate financial performance. Research focused on hotel industry in BEI during 2012-2015. Sampling technique applied is saturation sampling method and final sample are 17 companies. Multiple linear regression chosen to analyze the data. The study indicate only variable structural capital efficiency has no significant effect on financial performance. Managers can improve the used of structural capital to increase the influence on corporate financial performance    Keywords: financial performance, intellectual capital, RBV Theory

scholarly journals PENGARUH INTELLECTUAL CAPITAL DAN UKURAN PERUSAHAAN TERHADAP KINERJA KEUANGAN PERUSAHAAN

2020 ◽  
Vol 4 (1) ◽  
pp. 64
Author(s):  
Herni Kurniawati ◽  
Rosmita Rasyid ◽  
Fanny Andriani Setiawan
Keyword(s):  
Human Capital ◽  
Financial Performance ◽  
Intellectual Capital ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Manufacturing Companies ◽  
Purposive Sampling ◽  
Structural Capital ◽  
Capital Efficiency ◽  
Positive Effect

Tujuan penelitian ini bertujuan untuk mengetahui dan menganalisis pengaruh intellectual capital (human capital efficiency, capital employed efficiency, structural capital efficiency) dan ukuran perusahaan terhadap kinerja keuangan perusahaan. Metode penelitian yang digunakan adalah regresi data panel dengan teknik pengambilan sampel purposive sampling yang menghasilkan jumlah sampel sebanyak 64 perusahaan yang terdaftar di Bursa Efek Indonesia (BEI). Penelitian ini dilakukan dengan menggunakan tahun pengamatan yaitu 2015-2017. Jenis data yang digunakan adalah data sekunder. Data diperoleh dari laporan keuangan yang diambil dari www.idx.com. Penelitian ini dibantu dengan program software eviews 9. Hasil penelitian ini membuktikan bahwa Intellectual capital yang diukur dengan Capital employed efficiency (VACA) berpengaruh positif signifikan terhadap kinerja keuangan perusahaan manufaktur. Pengukuran intellectual capital yang diukur dengan Human capital efficiency (VAHU) berpengaruh positif terhadap kinerja keuangan perusahaan. Pengukuran intellectual capital yang diukur structural capital efficiency yang berpengaruh positif terhadap kinerja keuangan perusahaan. Dan ukuran perusahaan manufaktur tidak berpengaruh terhadap kinerja keuangan perusahaan.  The purpose of this study aims to determine and analyze the effect of intellectual capital (human capital efficiency, capital employed efficiency, structural capital efficiency) and company size on the company's financial performance. The research method used is panel data regression with purposive sampling technique that produces a total sample of 64 companies listed on the Indonesia Stock Exchange (IDX). This research was conducted using observation years 2015-2017. The type of data used is secondary data. Data obtained from financial reports taken from www.idx.com. This research was assisted with a software eviews 9. The results of this study prove that Intellectual capital as measured by Capital employed efficiency (VACA) has a significant positive effect on the financial performance of manufacturing companies. Intellectual capital measurement as measured by Human capital efficiency (VAHU) has a positive effect on the company's financial performance. Intellectual capital measurement that is measured structural capital efficiency that affects the company's financial performance. And the size of the manufacturing company has no effect on the company's financial performance.

scholarly journals THE EFFECT OF INTELLECTUAL CAPITAL ON FINANCIAL PERFORMANCE IN THE ASEAN TELECOMMUNICATIONS SECTOR

2021 ◽  
Vol 2 (1) ◽  
pp. 21-38
Author(s):  
Christandy Adriel
Keyword(s):  
Financial Performance ◽  
Intellectual Capital ◽  
Financial Statements ◽  
Relational Capital ◽  
Return On Assets ◽  
Telecommunication Sector ◽  
Independent Variables ◽  
Structural Capital ◽  
Negative Effect ◽  
Capital Efficiency

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.

scholarly journals PENGARUH INTELLECTUAL CAPITAL TERHADAP KINERJA KEUANGAN DAN NILAI PASAR PERUSAHAAN YANG LISTED DI JAKARTA ISLAMIC INDEX

2019 ◽  
Vol 16 (4) ◽  
pp. 529-535
Author(s):  
Halim Usman ◽  
Sri Wahyuni Mustafa
Keyword(s):  
Human Capital ◽  
Regression Analysis ◽  
Data Analysis ◽  
Financial Performance ◽  
Intellectual Capital ◽  
Market Value ◽  
Return On Equity ◽  
Purposive Sampling ◽  
Structural Capital ◽  
Capital Efficiency

This study aims to examine the effect of intellectual capital on financial performance and market value of the company. The intellectual capital variable uses three proxies, namely employed capital efficiency, human capital efficiency and structural capital efficiency, while the company's financial performance variable uses return on equity proxy and market to book ratio to proxy the company's market value. The object of this research is companies included in the Jakarta Islamic Index 2011-2017 period. Sampling is done by purposive sampling. The data analysis used is regression analysis to examine the effect of intellectual capital on financial performance and market value of the company. The results showed that intellectual capital had no effect on financial performance so that it affected the company's market value.   Penelitian ini bertujuan untuk menguji pengaruh intellectual capital terhadap kinerja keuangan dan nilai pasar perusahaan. Variabel intellectual capital menggunakan tiga proksi, yakni capital employed efficiency, human capital efficiency dan structural capital efficiency sedangkan untuk  variabel kinerja keuangan perusahaan menggunakan proksi return on equity dan market to book ratio untuk proksi nilai pasar perusahaan. Objek dari penelitian ini adalah perusahaan yang masuk dalam Jakarta Islamic Index periode 2011-2017. Pengambilan sampel dilakukan dengan purposive sampling. Adapun analisis data yang digunakan adalah analsis regresi untuk menguji pengaruh intellectual capital terhadap kinerja keuangan dan nilai pasar perusahaan. Hasil penelitian menunjukkan bahwa intellectual capital tidak berpengaruh terhadap kinerja keuangan sehingga namun berpengaruh terhadap nilai pasar perusahaan

scholarly journals Management of intellectual capital held by Tanzania’s higher learning institutions: Strategies and challenges

2020 ◽  
Vol 22 (1) ◽  
Author(s):  
John J. Iwata ◽  
Ruth Hoskins
Keyword(s):  
Financial Performance ◽  
Intellectual Capital ◽  
Sampling Technique ◽  
Well Being ◽  
Higher Learning ◽  
Research Approach ◽  
Structural Capital ◽  
Wide Range ◽  
Learning Institutions ◽  
Economic Well Being

Background: The economic well-being of any organisation in the world today significantly depends on the intellectual capital possessed by these institutions. However, with its richness in intellectual capital, some higher learning institutions in Tanzania are facing financial hardships.Objectives: To establish methods used by Tanzania’s higher learning institutions in managing the intellectual capital in their possession, with the focus of establishing a link between such practices and the financial performance of such institutions.Methods: This study was conducted using a multiple case study design, employing a purely qualitative research approach. Purposive sampling technique was used to involve respondents in this study. Collected data were analysed using thematic content analysis.Results: The visited institutions had a wide range of intellectual capital such as human, relational and structural capital. The intellectual capital found was managed using various methods, including careful recruitment of staff and knowledge-sharing strategies. Although the practices of managing some aspects of such capital were at a very basic level at the registry points, the practice was found to be very important for the economic well-being of the institution.Conclusion: Tanzania’s higher learning institutions possess a wide range of intellectual capital, and its management methods vary depending on the aspect of such capital. More importantly, the intellectual capital had a significant link with the financial performance of the institutions. However, the process of managing intellectual capital faced some challenges, including improper succession planning and the lack of a sharing culture.

scholarly journals Impact of Intellectual Capital on Financial Performance of Banks in Tanzania

2015 ◽  
Vol 1 (1) ◽  
pp. 17-24 ◽  
Author(s):  
Janeth N. Isanzu
Keyword(s):  
Human Capital ◽  
Financial Performance ◽  
Intellectual Capital ◽  
Value Added ◽  
Physical Capital ◽  
Annual Reports ◽  
Balance Sheets ◽  
Structural Capital ◽  
Knowledge Based Economy ◽  
Capital Efficiency

Since the financial sector reforms took place in the last two decades, Banks in Tanzania have continued to play the major role in reshaping the economy of the nation. With the emergence of knowledge based economy many firm have changed their way of doing business instead of relying more on physical capital they have shifted to intellectual capital. This is no exception for the banks operating in developing counties Tanzania included. Many studies have been done in the area of intellectual capital and its contribution to the value of the firm. This study sets out to extend the evidence by investigating the intellectual capital of banks operating in Tanzania for the period of four years from 2010 to 2013. Annual reports, especially the profit and loss accounts and balance sheets of the selected banks have been used to obtain the data. The study uses Value Added Intellectual Capital model (VAICTM) in determining intellectual capital and its three major components like Human Capital Efficiency (HCE) Structural capital efficiency (SCE) and Capital Employed Efficiency (CEE). The results revealed that Intellectual capital has a positive relationship with financial performance of banks operating in Tanzania and also when the VAICTM was divided into its three components it was discovered that the financial performance is positively related to Human capital efficiency and Capital employed efficiency but is negatively related to Structural capital efficiency.

scholarly journals Intellectual Capital, Technological Intensity and Firm Performance: The Case of Emerging Countries

2021 ◽  
Vol 68 (4) ◽  
pp. 459-479
Author(s):  
Mehtap Öner ◽  
Asli Aybars ◽  
Murat Çinko ◽  
Emin Avci
Keyword(s):  
Financial Performance ◽  
Intellectual Capital ◽  
Emerging Market ◽  
Value Added ◽  
Emerging Countries ◽  
Corporate Financial Performance ◽  
Positive Contribution ◽  
Capital Efficiency ◽  
Technological Intensity ◽  
The Impact

While neglecting the importance of technological intensity, most of the prior studies documented the positive contribution of intellectual capital (IC) to corporate financial performance. This study aims at analyzing the relation between IC and corporate financial performance addressing the technological intensity in different sectors from 17 emerging countries. The impact of IC, which is measured by Value Added Intellectual Coefficient (VAIC) and its components; Capital Employed Efficiency (CEE), Human Capital Efficiency (HCE), and Structural Capital Efficiency (SCE), on corporate financial performance will be evaluated using panel data analysis for the period between 2009-2019. Accordingly, IC and its components are found to be significant drivers of financial performance being higher for sectors that are more technology intensive. Moreover, human and physical capital are the main components, which boost finance performance for all groups irrespective of technological intensity in the emerging market context.

scholarly journals Impact of Intellectual Capital on Corporate Performance

2020 ◽  
Vol 5 (6) ◽  
Author(s):  
Sedeaq Nassar
Keyword(s):  
Financial Performance ◽  
Intellectual Capital ◽  
Data Model ◽  
Value Added ◽  
Return On Assets ◽  
Return On Equity ◽  
Firm Financial Performance ◽  
Structural Capital ◽  
Capital Efficiency ◽  
The Relationship

The main objective of current study is to investigate the relationship between intellectual capital and corporate financial performance of 34 from 48 companies listed on Palestine Exchange (PEX) over the period of 2012-2018. Pulic’s method “Value Added Intellectual Coefficient (VAIC)” is utilized to measure the Intellectual Capital (IC), and three of traditional accounting tools involving; return on equity (ROE), return on assets (ROA), and earning per share (EPS) ratios is used as a proxy of firm financial performance. The findings of Panel data model show that human capital efficiency (HCE) is consider as the most effective element of intellectual capital in the issue of value creation than structural capital and capital employed. Moreover, VAIC shows a good relationship with financial performance represented by return on assets (ROA). In conclusion, Palestinian listed companies are still weakly used its intellectual capital' potentials in create value.

INTELLECTUAL CAPITAL PERFORMANCE AND ITS IMPACT ON CORPORATE PERFORMANCE: AN EMPIRICAL EVIDENCE FROM MODARABA SECTOR OF PAKISTAN.

2011 ◽  
Vol 01 (05) ◽  
pp. 08-16
Author(s):  
Wasim ul Rehman ◽  
Chaudhary Abdul Rehman ◽  
Hafeez ur Rehman ◽  
Ayesha Zahid
Keyword(s):  
Human Capital ◽  
Financial Performance ◽  
Intellectual Capital ◽  
Corporate Performance ◽  
Predictive Analysis ◽  
Significant Relation ◽  
Intellectual Performance ◽  
Structural Capital ◽  
Capital Efficiency ◽  
Main Components

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.

scholarly journals Investigating the Relationship between Intellectual Capital and Financial Performance in Cement Sector firms in Pakistan

2021 ◽  
Vol 3 (1) ◽  
pp. 51-62
Author(s):  
ALAM REHMAN ◽  
ADIL KHAN ◽  
FARMAN ULLAH
Keyword(s):  
Human Capital ◽  
Financial Performance ◽  
Intellectual Capital ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Organizational Structures ◽  
Relational Capital ◽  
Structural Capital ◽  
Level Of Understanding ◽  
The Relationship

The study examines the relationship between intellectual capital performance and financialperformance of cement sector firms listed on Pakistan stock exchange. The study has been conducted using human capital, structural capital and relational capital as the determinants of intellectual capital and return on assets as the proxy of financial performance. The study applies random sampling technique for 20 cement sector firms for the period 2007 to 2016. The study uses correlation and simple OLS to test the hypothesis. The results reveal that intellectual capital as a composite and all its determinants i.e. human capital, structural capital and relational capital have positive significant impact on the financial performance of cement sector firms. The study has practical as well as theoretical implications. The results are expected to help policy makers to rehash their policies by encompassing the approaches that facilitate the intellectual capital of their firms. The study will also help researchers in strengthening their level of understanding of these relationships. Replication of the study may help to validate the hypothesized model and their consequent application in the organizations that share somewhat similar organizational structures.

scholarly journals Intellectual Capital and Firms’ Financial Performance: A European Empirical Study‬‬‬‬

2017 ◽  
Vol 7 (2) ◽  
pp. 1 ◽  
Author(s):  
Filipe Sardo ◽  
Zelia Serrasqueiro
Keyword(s):  
Financial Crisis ◽  
Financial Performance ◽  
Intellectual Capital ◽  
Positive Impact ◽  
Estimation Method ◽  
European Countries ◽  
Current Period ◽  
Structural Capital ◽  
Capital Efficiency ◽  
The Impact

The current study seeks to analyse the impact of the intellectual capital (IC) on the financial performance measured by Return on Assets in the European context for the period 2004-2015. This study uses data of non-financial listed firms of 8 European countries for the period between 2004 and 2015. Considering that financial crisis had different impact on European countries, we divided the eight countries in two groups: (1) group 1 – Greece, Portugal, Spain and Italy; and (2) group 2 – Germany, France, Finland and United Kingdom (UK). The estimation method used is the GMM system (1998) estimator, as a dynamic panel estimator, which allows to do longitudinal studies and to analyse the effect of lagged explanatory variables on firms’ financial performance. The results indicate that IC efficiency in the current period has a positive impact on financial performance. The three components of VAICTM Model - capital employed efficiency, human capital efficiency and structural capital efficiency in the current period have a positive impact on financial performance, with the exception for structural capital efficiency which for the first group of countries has a negative impact on financial performance. Finally, results suggest that the financial crisis negatively affects financial performance on both groups of countries. The current study contributes to the current literature, analysing the impact of IC on firms’ financial performance in two groups of European countries which suffered the consequences of the 2008 crisis differently.

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