The Impact of Intellectual Capital on Financial Performance
Novie Susanti Suseno1, Tinneke Hermina2, Abdullah Ramdhani3, Lia Utari4
1Novie Susanti Suseno, Department of Economic Faculty, Universitas Garut, Indonesia.
2Tinneke Hermina, Department of Economic Faculty, Universitas Garut, Indonesia.
3Abdullah Ramdhani, Department of Political and Social Science Faculty, Universitas Garut, Indonesia.
4Lia Utari, Department of Political and Social Science Faculty, Universitas Garut, Indonesia.
Manuscript received on 28 April 2019 | Revised Manuscript received on 10 May 2019 | Manuscript Published on 17 May 2019 | PP: 359-365 | Volume-8 Issue-1S May 2019 | Retrieval Number: A10520581S19/2019©BEIESP
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: This research is carried out to examine the impact of intellectual capital by using a measurement of Value Added Intellectual Coefficient (VAIC) comprising of Human Capital Efficiency (HCE), Structural Capital Efficiency (SCE), and Capital Employed Efficiency (CEE) on financial performance measured by Return On Asset (ROA). This research applied causalitas method. The data of this study were quarterly financial reports consisting of statement of financial position (balance sheet) and statement of profit and loss from 2013 to 2015 of Bank of Perkreditan Rakyat Syariah PNM Mentari Garut (BPRS PNM Mentari). The data were analyzed by using double linear regression. The result of data analysis revealed that Human Capital Efficiency has no influence on ROA. It also revealed that Structural Capital Efficiency exerts no influence on ROA. Furthermore, the analysis indicated that Capital Employed Efficiency significantly influenced ROA. Based on such findings, this research proposed a generic model that can be adopted by similar organizations in improving financial performance.
Keywords: Intellectual Capital, Human Capital Efficiency, Structural Capital Efficiency, Capital Employed Efficiency, Return on Asset (ROA).
Scope of the Article: Financial and Scientific Applications of All Kind