The Effect of Intellectual Capital on Financial Performance in Energy Sector Companies Listed on the Indonesian Stock Exchange (IDX) in 2020-2022

Authors

  • Maryen Kartin Sarumaha Universitas HKBP Nommensen Author
  • Manatap Berliana Lumban Gaol Universitas HKBP Nommensen Author
  • Herti Diana Hutapea Universitas HKBP Nommensen Author

DOI:

https://doi.org/10.36985/yryshf07

Keywords:

Financial Performance, Intellectual Capital, Resources-Based Theory, Knowledge-Based Theory

Abstract

This study aims to determine how intellectual capital affects financial performance in energy sector companies listed on the Indonesian Stock Exchange (IDX) in 2020-2022. This study uses Financial Performance as an independent variable measured by Return On Asset (ROA) and uses Intellectual Capital (IC) as the dependent variable measured by Value Added Intellectual Coefficient (VAIC™) which consists of Value Added Human Capital (VAHU), Value Added Capital Employed (VACA), and Structural Capital Value Added (STVA). The theory used as the basis of this research is Resources-Based Theory (RBT) and supported by Knowledge-Based Theory. From the use of the purposive sampling method, 24 companies were obtained as samples and 72 observation data were used. The analytical tool used is SmartPLS with the Structural Equation Model (SEM). The hypothesis was analyzed from the results of bootstrapping in Path Coefficients which resulted in Intellectual Capital having a positive and significant effect on Financial Performance with a large effect obtained of 64.7%.

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Published

2024-02-25

How to Cite

Kartin Sarumaha, M., Berliana Lumban Gaol, M., & Diana Hutapea, H. (2024). The Effect of Intellectual Capital on Financial Performance in Energy Sector Companies Listed on the Indonesian Stock Exchange (IDX) in 2020-2022. Jurnal Ekuilnomi, 6(1), 29-38. https://doi.org/10.36985/yryshf07

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