scholarly journals Pengaruh Intellectual Capital, Corporate Governance Dan Karakteristik Perusahaan Terhadap Kinerja Keuangan Perusahaan Manufaktur Di Indonesia

2020 ◽  
Vol 1 (1) ◽  
pp. 21-31
Author(s):  
Dewa Ayu Oki Asta Rini
Keyword(s):  
Corporate Governance ◽  
Intellectual Capital ◽  
Partial Least Square ◽  
Least Square ◽  
Intangible Asset

Penelitian ini bertujuan untuk menguji dan menemukan bukti empiris mengenai pengaruh intellectual capital, corporate governance dan karakteristik perusahaan terhadap kinerja keuangan pada perusahaan manufaktur dengan menggunakan alat analisis Partial Least Square. Pengujian dilakukan pada 38 perusahaan manufaktur (28,78% dari 132 perusahaan manufaktur) dengan menggunakan data sekunder berupa laporan keuangan dan laporan tahunan dengan dari tahun 2016 sampai dengan tahun 2018. Hasil penelitan ini menunjukkan bahwa intellectual capital berpengaruh signifikan postif terhadap kinerja keuangan, yang mengindikasikan perusahaan memiliki keseriusan untuk menghasilkan nilai tambah dengan metode VAICTM dan meningkatkan nilai intangible asset dengan metode MBIC. Karakteristik perusahaan berpengaruh signifikan positif terhadap kinerja keuangan,yang mengindikasikan semakin besarnya ukuran dan umur perusahaan akan menunjukan produktifitas perusahaan yang bagus dan adanya pengalaman manajemen untuk menghasilkan profitabilitas yang stabil. Corporate governance tidak berpengaruh signifikan terhadap kinerja keuangan, yang mengindikasikan rendahnya tingkat keselarasan pelaksanaan praktik corporate governance terhadap keseluruhan prinsip OECD (2004). Praktik corporate governance yang merujuk pada prinsip OECD (2004) masih di dominasi oleh peran stakeholder dalam corporate governance, keterbukaan dan transparansi serta tanggung jawab dewan. Kedepan perusahaan harus lebih meningkatkan perhatian dan kepatuhan terhadap prinsip hak pemegang saham dan kesetaraan perlakukan terhadap pemegang saham.

scholarly journals PENGARUH INTELLECTUAL CAPITAL DAN CORPORATE GOVERNANCE TERHADAP NILAI PERUSAHAAN DENGAN PROFITABILITAS SEBAGAI VARIABEL MODERASI

2021 ◽  
Vol 4 (1) ◽  
pp. 426-436
Author(s):  
Anisa Hediyanti Muasiri ◽  
◽  
Erna Sulistyowati ◽  
Keyword(s):  
Corporate Governance ◽  
Intellectual Capital ◽  
Firm Value ◽  
Structural Equation ◽  
Secondary Data ◽  
Partial Least Square ◽  
Least Square ◽  
Equation Modeling ◽  
Analysis Technique ◽  
Modeling Data

This study aims to test the influence of intellectual capital and corporate governance on firm value with profitability as a moderating variable. The population of this study is banking companies listed on IDX during 2015 –2019 amounted to 45 companies. Sampling techniques using purposive sampling so that research samples obtained as many as 15 companies. The research data used is secondary data obtained from the annual report and GCG reportof banking companies listed on IDX during 2015 –2019. This study uses structural equation modeling data analysis technique –partial least square (SEM-PLS) with WarpPLS 7.0 software. The result of this study shows that: (1) Intellectual capital positively and significantly affects the firm value, (2) Corporate governance has no effect on the firm value, (3) Profitability can moderate the influence of intellectual capital on the firm value, (4) Profitability can’t moderate the influence of corporate governance on the firm value.Keywords: Intellectual Capital, Corporate Governance, Firm Value, Profitability

scholarly journals PENGARUH MEKANISME CORPORATE GOVERNANCE TERHADAP LUAS PENGUNGKAPAN MODAL INTELEKTUAL: STUDI PADA PERUSAHAAN SEKTOR PERBANKAN

2017 ◽  
Vol 6 (1) ◽  
Author(s):  
Afifah Novita Hardiani ◽  
Ihyaul Ulum ◽  
Siti Zubaidah
Keyword(s):  
Corporate Governance ◽  
Direct Effect ◽  
Intellectual Capital ◽  
Banking Sector ◽  
Partial Least Square ◽  
Least Square ◽  
Governance Mechanism ◽  
Corporate Governance Mechanism

The aim of this research is to examine the affect of corporate governance mechanism on disclosure of intellectual capital on the banking sector companies. 27 companies were taken as sampleson this research. The objective of this research is to prove the affect of corporate governancemechanism on disclosure of intellectual capital on the banking sector companies. The analyticalmethods used in this research are Partial Least Square (PLS) and test directly (direct effect).Results indicated that the variable of corporate governance was positively affect the disclosureof intellectual capital on the banking sector companies which means all information in companies were disclosed.Keywords: mekanisme corporate governance, intellectual capital disclosure

scholarly journals Intellectual Capital and Good Corporate Governance Determinants of Financial Performance

2021 ◽  
Vol 1 (2) ◽  
pp. 205-214
Author(s):  
Herman Wijaya ◽  
Denny Kurnia ◽  
Kodriyah Kodriyah
Keyword(s):  
Corporate Governance ◽  
Financial Performance ◽  
Intellectual Capital ◽  
Audit Committee ◽  
Secondary Data ◽  
Sampling Technique ◽  
Partial Least Square ◽  
Least Square ◽  
Company Performance ◽  
Good Corporate Governance

The purpose of this study was to examine the effect of intellectual capital and good corporate governance on company performance. The population in this study were companies listed in the Jakarta Islamic Index during the 2016 – 2019 period. The sampling technique in this study used a purposive sampling technique. This causality research method was analyzed using multiple regression. The data collection method used is the secondary data documentation method, and tested using Partial Least Square (PLS-SEM). The result of this research is that there is an influence between Intellectual Capital on financial performance. The results of corporate governance proxied by the Board of Directors have a significant effect, but the Board of Commissioners and the Audit Committee have no effect on the Company's Financial Performance.

scholarly journals Intellectual Capital, Corporate Governance dan Pengaruhnya Pada Kinerja Perusahaan

2018 ◽  
Vol 3 (02) ◽  
pp. 61-71
Author(s):  
Lis Lestari Sukartiningsih
Keyword(s):  
Corporate Governance ◽  
Human Capital ◽  
Intellectual Capital ◽  
Partial Least Square ◽  
Least Square ◽  
Tobin's Q ◽  
Return On Equity ◽  
Structural Capital ◽  
Customer Capital ◽  
Turn Over

Tujuan penelitian ini untuk melihat pengaruh intellectual capital dan corporate governance terhadap kinerja perusahaan. Penelitian ini merupakan bentuk penelitian eksplanatori  yang  menggunakan  perusahaan  manufaktur yang terdaftar di BEI sebagai objek penelitian.  Penelitian ini menggunakan pendekatan Partial Least Square di mana setiap variabel dalam penelitian ini merupakan variabel laten. Muatan untuk intellectual capital terdiri atas human capital, structural capital dan customer capital. Muatan untuk corporate  governance  tersusun  atas  kepemilikan institusional, kepemilikian manajerial, proporsi dewan komisaris dan komite audit independen. Sementara itu, untuk kinerja perusahaan terdiri atas return on net asset, asset turn over, return on equity dan tobin's q. Hasil penelitian menunjukkan bahwa intellectual capital memiliki pengaruh signifikan terhadap kinerja perusahaan. Sementara, corporate governance tidak menunjukkan pengaruh signifikan terhadap kinerja perusahaan.

scholarly journals KONTRIBUSI HUMAN CAPITAL dan CUSTOMER CAPITAL DALAM MENGGAPAI KINERJA CAFÉ dan RESTO di SURABAYA

2016 ◽  
Vol 15 (2) ◽  
pp. 137
Author(s):  
Gendut Sukarno ◽  
Lia Nirawati
Keyword(s):  
Human Capital ◽  
Intellectual Capital ◽  
Structural Equation Modelling ◽  
Structural Equation ◽  
Partial Least Square ◽  
Least Square ◽  
Intangible Asset ◽  
Equation Modelling ◽  
Customer Capital ◽  
Tangible Asset

Penilaian kinerja perusahaan berbasis human capital merupakan hal menarik yang perlu dikembangkan oleh perusahaan. Human capital merupakan salah satu komponen utama dari intellectual capital (intangible asset) yang dimiliki perusahaan. Selama ini, penilaian terhadap kinerja perusahaan lebih banyak menggunakan sumber daya yang bersifat fisik (tangible asset). Human capital di dalam organisasi memiliki potensi penuh untuk membangun orientasi pasar bagi konsumennya. Jika kompetensi pegawai di dalam suatu organisasi semakin baik, mereka akan memahami kebutuhan konsumen dan mengembangkan customer capital untuk menahan loyalitas konsumen. Pengelolaan customer capital yang baik akan berdampak terhadap kinerja perusahaan.Penelitian ini bertujuan untuk mengkaji konsep keterhubungan human capital dan customer capital dan dampaknya terhadap kinerja café dan resto di Surabaya. Populasi dalam penelitian adalah pipinan/pengelola café dan resto di Surabaya, dengan sampel sebanyak 30 responden. Teknik analisis data yang digunakan adalah PLS (Partial Least Square) yang merupakan metode alternatif analisis dengan Structural Equation Modelling (SEM) yang berbasis variance.Berdasarkan hasil pengolahan data diketemukan bahwa 1) human capital mampu memberikan kontribusi yang berarti terhadap customer capital. 2) Customer capital mampu memberikan kontribusi yang berarti terhadap kinerja café dan resto di Surabaya, 3) human capital mampu memberikan kontribusi yang berarti terhadap kinerja café dan resto di Surabaya.

scholarly journals The Effect of Intangible Asset On Competitive Advantage and Firm Performance; Study on Budget Accommodation in Semarang City

2021 ◽  
Vol 8 (2) ◽  
Author(s):  
Armania Putri Wardhani ◽  
Amie Kusumawardhani ◽  
Muhammad Ubaidillah
Keyword(s):  
Knowledge Management ◽  
Firm Performance ◽  
Competitive Advantage ◽  
Intellectual Capital ◽  
Intangible Assets ◽  
Partial Least Square ◽  
Least Square ◽  
Intangible Asset ◽  
Analysis Tool ◽  
Innovative Capability

This research examines the effect of innovative capability, knowledge management and intellectual capital (intangible assets) on competitive advantage and firm performance (studies on budget accommodation in Semarang). The increasing number of hotels in Semarang city is an intriguing phenomenon; considering the background of the city itself for its lack of fame on its tourism business. However, it does not hinder investors’ intention to keep opening their businesses in the area of accommodation services. The results of the pre-research interview stated that the increasing competition made the occupancy level troubling for the accommodating service entrepreneurs, both budget accommodation and standard and upper-class hotels. This research processed 50 samples consisting of 1 - 3 star hotels, budget hotels (non-star ones) and guesthouses. The data collection method was collected by spreading out questionnaire form to the respondents. Furthermore, the data was processed using analysis tool known as Partial Least Square (PLS). This study concludes that innovative capability, knowledge management, and intellectual capital which are part of the intangible assets of the firm have a positive effect on competitive advantage. Furthermore, competitive advantage also has a positive influence on firm performance. This study provides managerial implications that budget accommodation service entrepreneurs are able to improve their competitive advantage and firm performance through understanding and managing their intangible assets.Keywords: firm performance, competitive advantage, innovative capability, knowledge management, intellectual capital.

scholarly journals Corporate governance, intellectual capital, and performance of indonesian public company

2019 ◽  
Vol 21 (3) ◽  
pp. 323
Author(s):  
Sri Mangesti Rahayu ◽  
Wita Ramadhanti
Keyword(s):  
Corporate Governance ◽  
Intellectual Capital ◽  
Quantitative Research ◽  
Partial Least Square ◽  
Least Square ◽  
Mediating Effect ◽  
Annual Reports ◽  
Public Company ◽  
Negative Effect ◽  
Female Director

Two important issues for companies’ sustainability are corporate governance and intellectual capital. This research is intended to test the relation between corporate governance, intellectual capital and companies’ performance. This is a quantitative research with archival data. The data is taken from Financial Reports and Annual Reports of Indonesia Public Company during 2011-2016. Corporate governance is measure using proportion of female director and public ownership. Intellectual capital indicators are CEE (Capital Employed Efficiency) and ICE (Intellectual Capital Efficiency). Companies’ performance construct are Tobin’s Q and Return on Assets (ROA) Data then analysed using Partial Least Square. The empirical results is as follows. First, Corporate Governance has positive effect on Intellectual Capital. Second, there is negative effect of Corporate Governance on Performance. Third, Intellectual capital has no effect on firm’s performance. Fourth, Intellectual capital has no mediating effect to the the relation between corporate governance and company’s performance. This results are prove that Agency Theory is the better than Resources Based Theory to explain the Indonesia public companies condition.

scholarly journals Sustainable business Islamic banks in Indonesia

Accounting ◽  
2021 ◽  
pp. 299-310
Author(s):  
Indra Siswanti ◽  
Yohanes Fery Cahaya
Keyword(s):  
Corporate Governance ◽  
Financial Performance ◽  
Intellectual Capital ◽  
Secondary Data ◽  
Partial Least Square ◽  
Least Square ◽  
Annual Reports ◽  
Company Size ◽  
Islamic Banks ◽  
Sustainable Business

The purpose of this study is to create a sustainable business model of Islamic banks in Indonesia through financial and non-financial aspects with financial performance as a mediate variable. The study uses quantitative approach by collecting secondary data of Islamic Banks from financial statements and annual reports over the period 2010-2018. The population of this study is 9 (nine) Islamic banks and the sample of research uses the census method. Data processing methods uses Partial Least Square. The results of the study stated that corporate governance has a significant effect on financial performance, intellectual capital has a significant effect on financial performance and company size has a significant effect on financial performance, but corporate governance has no effect on sustainable business. In addition, intellectual capital has a significant effect on sustainable business but company size has no effect on sustainable business. Moreover, financial performance has a significant effect on sustainable business, financial performance mediated the effect of corporate governance on sustainable business, financial performance partially mediated the effect of intellectual capital on sustainable business and financial performance mediated the effect of company size on sustainable business.

scholarly journals The Determinants of Firm Value and Financial Performance in Islamic Stocks

2021 ◽  
Vol 9 (1) ◽  
pp. 1
Author(s):  
Salma Khoirunnisaa Arribaat
Keyword(s):  
Corporate Governance ◽  
Financial Performance ◽  
Intellectual Capital ◽  
Firm Value ◽  
Capital Good ◽  
Substantial Effect ◽  
Partial Least Square ◽  
Least Square ◽  
Equity Ratio ◽  
The Impact

<em>One of the company's long-term goals is to maximize the firm value. It is the present value of the company, which can be a prospect in the future. Therefore, the problem in this study is the factors that affect the company's value in the Jakarta Islamic Index for 2015-2019. This study analyzes the influence of Intellectual Capital, Good Corporate Governance, and Debt to Equity Ratio on Firm Value directly and indirectly through Financial Performance. The data used in this study is panel data using purposive sampling, and there are 17 stocks listed on the Jakarta Islamic Index for 2015-2019 period. The analysis technique of this research is Partial Least Square. The test results of the direct effect show that Intellectual Capital, Debt to Equity Ratio, and Financial Performance have a significant impact on Firm Value on the Jakarta Islamic Index. Corporate governance has a substantial effect on Financial Performance. Meanwhile, indirect testing proves that the Financial Performance variable can only mediate the impact of Corporate Governance on Firm Value. However, it cannot mediate between the relationship between the variable intellectual capital and debt ratio to equity.</em>

PENGARUH GOOD CORPORATE GOVERNANCE (GCG) MAKRO EKONOMI SIZE TERHADAP INVESTMENT DECISION DAN VALUE OF THE FIRM DENGAN PROFITABILITAS SEBAGAI VARIBEL INTERVENING SERTA FINANCING DECISION SEBAGAI VARIABLE MODERATING (Studi Pada Perusahaan Jasan Konstruksi BUMN Yang Listed Di PT Bursa Efek Indonesia)

2019 ◽  
Vol 4 (2) ◽  
Author(s):  
Sugiarto Sugiarto
Keyword(s):  
Corporate Governance ◽  
Investment Decision ◽  
Investment Decisions ◽  
Partial Least Square ◽  
Least Square ◽  
Moderator Variable ◽  
Corporate Values ◽  
Good Corporate Governance ◽  
Financial Decision ◽  
Significant Size

The purpose of this study is to analyze variables that related to investment decisions and corporate values of companies which listed at Bursa Efek Indonesia. Samples of this research are; (1) PT. Adhi Karya (Persero) Tbk, (2) PT. Pembangunan Perumahan (Persero) Tbk, (3) PT. Waskita Karya (Persero) Tbk, (4) PT. Wijaya Karya (Persero) Tbk, selected by purposive sampling. Analysis of this research using Partial Least Square (PLS). The results show that the effect Good Corporate Governance (GCG) on profitability, investment decision and value of the firm is significant, Macro Economy to profitability is not significant, Macro Economy to investment decision and value of the firm is significant, Size to profitability and value of the firm is significant, Size to investment decision is not significant. Profitability to investment decision and value of the firm is significant. Investment decision to value of the firm is significant. Financial decision as a moderator variable on profitability linkage to investment decision is not significant. Financial decision as a moderator variable on profitability linkage to the value of the firm is significant. Financial decision on investment decision and value of the firm is significant.

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