The Value-Added Analysis of Intellectual Capital for Banking Financial Performance
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Submitted
March 3, 2019
March 3, 2019
Published
March 22, 2019
March 22, 2019
Keywords:
Abstract
This study was conducted to see how intellectual capital (IC) affects company performance (ROA)
by entering the size variable in its calculations. This study also analyzes how much financial performance
changes occur as an effect of the efficiency of the use of capital employees (CEE), the efficiency
of using Structural Capital (SCE), and the partial efficiency of using Human Capital (HCE).
Research was conducted on conventional banking in Indonesia for the period 2013 - 2017. The
research data was obtained from the official website of the Indonesia Stock Exchange (IDX). This
study found that VAIC had a significant positive effect on ROA, and from the three IC components it
turned out that the CEE component had the greatest influence on ROA
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References
Al-Musali, M. A. K., & Ismail, K. N. I. K. (2014). Intellectual Capital and its Effect on Financial Performance of
Banks: Evidence from Saudi Arabia. Procedia - Social and Behavioral Sciences, 164, 201-207. doi:10.1016/j.sbspro. 2014.11.068
Al-Musalli, M. A. K., & Ismail, K. N. I. K. (2012). Intellectual Capital Performance and Board Characteristics
of GCC Banks. Procedia Economics and Finance, 2, 219-226. doi:10.1016/s2212-5671(12)00082-2
Berzkalne, I., & Zelgalve, E. (2014). Intellectual Capital and Company Value. Procedia - Social and Behavioral Sciences, 110, 887-896. doi:10.1016/j.sbspro. 2013.12.934
Dietrich, A., & Wanzenried, G. (2011). Determinants of bank profitability before and during the crisis: Evidence from Switzerland. Journal of International Financial Markets, Institutions and Money, 21(3), 307-327. doi:10.1016/j. intfin.2010.11.002
Djalilov, K., & Piesse, J. (2016). Determinants of bank profitability in transition countries: What matters most? Research in International Business and Finance, 38, 69-82. doi:10.1016/j.ribaf. 2016.03.015
Edvinson, k. (2001). Intellectual capital : from intangible assets to ftness landscape.
Hashim, M. J., Osman, I., & Alhabshi, S. M. (2015). Effect of Intellectual Capital on Organizational Performance.
Procedia - Social and Behavioral Sciences, 211, 207-214. doi:10.1016/j.sbspro. 2015.11.085
Joshi, M., Cahill, D., & Sidhu, J. (2010). Intellectual capital performance in the banking sector. Journal of Human Resource Costing & Accounting, 14(2), 151-170. doi:10.1108/14013381011062649
Lucey, B. M., Vigne, S. A., Ballester, L., Barbopoulos, L., Brzeszczynski, J., Carchano,
O., . . . Zaghini, A. (2018). Future directions in international financial integration research - A crowdsourced
perspective. International Review of Financial Analysis, 55, 35-49. doi:10.1016/j.irfa.2017.10.008
Meles, A., Porzio, C., Sampagnaro, G., & Verdoliva, V. (2016). The impact of the intellectual capital efficiency on commercial banks performance: Evidence from the US. Journal of Multinational Financial Management, 36, 64-74. doi:10.1016/j.mulfin.2016.04.003
Mondal, A., & Ghosh, S. K. (2015). A Study on Effectiveness of Investment in Intellectual Capital of Indian Knowledge Companies. International Journal of Business Analytics and Intelligence,
3(2). doi:10.21863/ijbai/2015.3.2.012
Ozkan, N., Cakan, S., & Kayacan, M.
(2017). Intellectual capital and financial
performance: A study of the Turkish
Banking Sector. Borsa Istanbul
Review, 17(3), 190-198. doi:10.1016/j.
bir.2016.03.001
Pasiouras, F., & Kosmidou, K. (2007). Factors
influencing the profitability of domestic
and foreign commercial banks
in the European Union. Research in
International Business and Finance,
21(2), 222-237. doi:10.1016/j.ribaf.
2006.03.007
Pulic, A. (1998). Measuring the performance
of intellectual potential in knowledge
economy.
Pulic, A. (2004). Intellectual capital – does
it create or destroy value? Measuring
Business Excellence, 8(1), 62-68.
doi:10.1108/13683040410524757
Saif. (2018). The impact of bank competition
and concentration on bank risk-taking
behavior and stability: Evidence from
GCC countries. The North American
Journal of Economics and Finance.
doi:10.1016/j.najef.2018.10.015
Santos, D. F. L., Basso, L. F. C., & Kimura,
H. (2018). The trajectory of the ability to innovate and the financial performance of the Brazilian industry.
Technological Forecasting and Social Change, 127, 258-270. doi:10.1016/j.techfore.2017.09.027
Sumedrea, S. (2013). Intellectual Capital and Firm Performance: A Dynamic Relationship in Crisis Time. Procedia Economics and Finance, 6, 137-144.
doi:10.1016/s2212-5671(13)00125-1
Ullum, I. (2016). Intellectual Capital Performance: A Comparative Study between Financial and Non-Financial Industry of Indonesian Biggest Companies.
Ullum, I. (2017). Modified_value-added_intellectual_coeffiicient (MVAIC).
Read More
Banks: Evidence from Saudi Arabia. Procedia - Social and Behavioral Sciences, 164, 201-207. doi:10.1016/j.sbspro. 2014.11.068
Al-Musalli, M. A. K., & Ismail, K. N. I. K. (2012). Intellectual Capital Performance and Board Characteristics
of GCC Banks. Procedia Economics and Finance, 2, 219-226. doi:10.1016/s2212-5671(12)00082-2
Berzkalne, I., & Zelgalve, E. (2014). Intellectual Capital and Company Value. Procedia - Social and Behavioral Sciences, 110, 887-896. doi:10.1016/j.sbspro. 2013.12.934
Dietrich, A., & Wanzenried, G. (2011). Determinants of bank profitability before and during the crisis: Evidence from Switzerland. Journal of International Financial Markets, Institutions and Money, 21(3), 307-327. doi:10.1016/j. intfin.2010.11.002
Djalilov, K., & Piesse, J. (2016). Determinants of bank profitability in transition countries: What matters most? Research in International Business and Finance, 38, 69-82. doi:10.1016/j.ribaf. 2016.03.015
Edvinson, k. (2001). Intellectual capital : from intangible assets to ftness landscape.
Hashim, M. J., Osman, I., & Alhabshi, S. M. (2015). Effect of Intellectual Capital on Organizational Performance.
Procedia - Social and Behavioral Sciences, 211, 207-214. doi:10.1016/j.sbspro. 2015.11.085
Joshi, M., Cahill, D., & Sidhu, J. (2010). Intellectual capital performance in the banking sector. Journal of Human Resource Costing & Accounting, 14(2), 151-170. doi:10.1108/14013381011062649
Lucey, B. M., Vigne, S. A., Ballester, L., Barbopoulos, L., Brzeszczynski, J., Carchano,
O., . . . Zaghini, A. (2018). Future directions in international financial integration research - A crowdsourced
perspective. International Review of Financial Analysis, 55, 35-49. doi:10.1016/j.irfa.2017.10.008
Meles, A., Porzio, C., Sampagnaro, G., & Verdoliva, V. (2016). The impact of the intellectual capital efficiency on commercial banks performance: Evidence from the US. Journal of Multinational Financial Management, 36, 64-74. doi:10.1016/j.mulfin.2016.04.003
Mondal, A., & Ghosh, S. K. (2015). A Study on Effectiveness of Investment in Intellectual Capital of Indian Knowledge Companies. International Journal of Business Analytics and Intelligence,
3(2). doi:10.21863/ijbai/2015.3.2.012
Ozkan, N., Cakan, S., & Kayacan, M.
(2017). Intellectual capital and financial
performance: A study of the Turkish
Banking Sector. Borsa Istanbul
Review, 17(3), 190-198. doi:10.1016/j.
bir.2016.03.001
Pasiouras, F., & Kosmidou, K. (2007). Factors
influencing the profitability of domestic
and foreign commercial banks
in the European Union. Research in
International Business and Finance,
21(2), 222-237. doi:10.1016/j.ribaf.
2006.03.007
Pulic, A. (1998). Measuring the performance
of intellectual potential in knowledge
economy.
Pulic, A. (2004). Intellectual capital – does
it create or destroy value? Measuring
Business Excellence, 8(1), 62-68.
doi:10.1108/13683040410524757
Saif. (2018). The impact of bank competition
and concentration on bank risk-taking
behavior and stability: Evidence from
GCC countries. The North American
Journal of Economics and Finance.
doi:10.1016/j.najef.2018.10.015
Santos, D. F. L., Basso, L. F. C., & Kimura,
H. (2018). The trajectory of the ability to innovate and the financial performance of the Brazilian industry.
Technological Forecasting and Social Change, 127, 258-270. doi:10.1016/j.techfore.2017.09.027
Sumedrea, S. (2013). Intellectual Capital and Firm Performance: A Dynamic Relationship in Crisis Time. Procedia Economics and Finance, 6, 137-144.
doi:10.1016/s2212-5671(13)00125-1
Ullum, I. (2016). Intellectual Capital Performance: A Comparative Study between Financial and Non-Financial Industry of Indonesian Biggest Companies.
Ullum, I. (2017). Modified_value-added_intellectual_coeffiicient (MVAIC).
Authors
Setyowati, T., & Jamilah, J. (2019). The Value-Added Analysis of Intellectual Capital for Banking Financial Performance. Agregat: Jurnal Ekonomi Dan Bisnis, 3(1), 17–24. Retrieved from https://journal.uhamka.ac.id/index.php/agregat/article/view/3244
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