INTELLECTUAL CAPITAL AND FINANCIAL PERFORMANCE OF THE COMPANY
| Main Authors: | Maharani, Nila Bilqis, Faisal, Faisal |
|---|---|
| Format: | Article info application/pdf eJournal |
| Bahasa: | eng |
| Terbitan: |
Universitas Muhammadiyah Malang
, 2019
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| Subjects: | |
| Online Access: |
http://ejournal.umm.ac.id/index.php/jrak/article/view/8220 http://ejournal.umm.ac.id/index.php/jrak/article/view/8220/6558 |
Daftar Isi:
- This study tests the relationship between intellectual capital and corporate financial performance of Indonesian companies. 63 companies of six industrial sectors listed on Bloomberg Database in 2015-2017 were selected as a sample. The descriptive statistics, Spearman’s correlation and non-parametric Kruskall-Wallisand Mann-Whitneytests were used to analyze the relationship between dependent (financial performance) and independent (intellectual capital) variables. Our findings show that intellectual capital provides a positive contribution effect on corporate financial performance. Consistent with resource- based theory, this finding suggests that intellectual capital is a strategic resource that can generate a value for company to gain a superior performance and competitive advantage.