Intellectual Capital and Corporate Governance on The Profitability of Indonesian State-Owned Enterprises
Keywords:
intellectual capital, corporate governance, profitability, ROA, Indonesian State-Owned EnterprisesAbstract
The purpose of this research is to prove the decline in profitability of Indonesian- Owned Enterprises in the period due to lower disclosure of intellectual capital and governance in the annual reports of Indonesian Government-Owned Enterprises. The method of this research expected to provide convenience too Owned Enterprises. Data analysis uses multiple regressions with 51 populations with the results of the study stating a partial relationship that the disclosure of intellectual capital and corporate governance in the annual report can increase the profitability of state-owned companies.
Downloads
References
Hult, G.T.M., R.F. Hurley, and G.A. Knight, Innovativeness: Its antecedents and impact on business performance. Industrial marketing management, 2004. 33(5): p. 429-438.DOI: https://doi.org/10.1016/j.indmarman.2003.08.015.
Gogan, L.M., et al., The impact of intellectual capital on organizational performance. Procedia- social and behavioral sciences, 2016. 221: p. 194-202.DOI: https://doi.org/10.1016/j.sbspro.2016.05.106.
Rahajeng, D.K. and N.Z. Hasibuan, Does Intellectual Capital Matter? A Case Study of Indonesia Sharia Banks. The Indonesian Journal of Accounting Research, 2020. 23(2): p. 155-182.DOI: https://doi.org/10.33312/ijar.475.
Igielski, M. The role of intellectual capital in building a competitive advantage for companies from the Baltic Sea Region in the transport, shipping and logistic industry (TSL). EDP Sciences.
Andriessen, D., Making sense of intellectual capital, 1st Edition, 456. 2004: Routledge.DOI: https://doi.org/10.4324/9780080510712.
Rachmawati, R., N. Romdani, and S. Ganiah, Does Disclosure of Intellectual Capital Increase the Profitability of State-Owned Enterprises in Indonesia? PalArch’s Journal of …, 17(March), 4074– 4083. . 2020.
Bontis, N., Intellectual capital: an exploratory study that develops measures and models.Management decision, 36(2), 63–76. , 1998.DOI: https://doi.org/10.1108/00251749810204142.
Bontis, N., W.C.C. Keow, and S. Richardson, Intellectual capital and business performance in Malaysian industries. Journal of intellectual capital, 1(1), 85–100., 2000.DOI: https://doi.org/10.1108/14691930010324188.
Bontis, N., A. Seleim, and A. Ashour, Human capital and organizational performance: A study of Egyptian software companies. Management Decision, 45(4), 789–801. 2007.DOI: https://doi.org/10.1108/00251740710746033.
Marr, B., G. Schiuma, and A. Neely, Assessing strategic knowledge assets in e-business. International Journal of Business Performance Management, 2002. 4(2-4): p. 279-295.DOI: https://doi.org/10.1504/IJBPM.2002.000119.
Marr, B. and J. Chatzkel, Intellectual capital at the crossroads: managing, measuring, and reporting of IC. Journal of intellectual capital, 5(2), 224–229., 2004.
Gupta, K., S. Goel, and P. Bhatia, Intellectual capital and profitability: Evidence from Indian pharmaceutical sector. Vision, 2020. 24(2): p. 204-216.DOI: https://doi.org/10.1177/0972262920914108.
Al-Hajaya, K., M.S. Altarawneh, and B. Altarawneh, Intellectual capital disclosure by listed companies in Jordan: A comparative inter-sector analysis. International Review of Management and Marketing, 2019. 9(1): p. 109.
Singla, H.K., Does VAIC affect the profitability and value of real estate and infrastructure firms in India? A panel data investigation. Journal of intellectual capital, 21(3), 309–331. , 2020.DOI: https://doi.org/10.1108/JIC-03-2019-0053.
Nguyen, A.H. and D.T. Doan, The impact of intellectual capital on firm value: Empirical evidence from Vietnam. International Journal of Financial Research, 2020. 11(4): p. 74-85.DOI: https://doi.org/10.5430/ijfr.v11n4p74.
Pulic, A., VAIC™–an accounting tool for IC management. International journal of technology management, 2000. 20(5-8): p. 702-714.DOI: https://doi.org/10.1504/IJTM.2000.002891.
Nawaz, T., Intellectual capital profiles and financial performance of Islamic banks in the UK. International Journal of Learning and Intellectual Capital, 2019. 16(1): p. 87-97.DOI: https://doi.org/10.1504/IJLIC.2019.096934.
Benvenuto, M., et al., Assessing the impact of corporate governance index on financial performance in the Romanian and Italian banking systems. Sustainability, 2021. 13(10): p. 5535.DOI: https://doi.org/10.3390/su13105535.
Nuryaman, E. Kartadjumena, and S.G. Arnan, The influence of intellectual capital on earnings management through real activities manipulation in Indonesian manufacturing companies. International Journal of Economics and Business Research, 2019. 18(3): p. 277-291.DOI: https://doi.org/10.1504/IJEBR.2019.102724.
Limijaya, A., Y. Hutagaol-Martowidjojo, and S. Annisa. Corporate governance award and performance of Indonesian LQ45 firms. IOP Publishing.
Al-Homaidi, E.A., et al., The influence of corporate governance characteristics on profitability of Indian firms: An empirical investigation of firms listed on Bombay Stock Exchange, 18(1), 114–125. . 2021.DOI: https://doi.org/10.21511/imfi.18(1).2021.10.
Kyere, M. and M. Ausloos, Corporate governance and firms financial performance in the United Kingdom. International Journal of Finance & Economics, 2021. 26(2): p. 1871-1885.DOI: https://doi.org/10.1002/ijfe.1883.
Liu, S., et al., Does intellectual capital investment improve financial competitiveness and green innovation performance? Evidence from renewable energy companies in China. Mathematical Problems in Engineering, 2021. 2021.DOI: https://doi.org/10.1155/2021/9929202.
Yaseen, H. and A. Al-Amarneh, Intellectual capital and financial performance: case of the emerging market banks. Journal of Governance and Regulation, 2021. 10(1): p. 35-41.DOI: https://doi.org/10.22495/jgrv10i1art4.
Lu, J., et al., The moderating role of corporate social responsibility in the association of internal corporate governance and profitability; evidence from pakistan. International journal of environmental research and public health, 2021. 18(11): p. 5830.DOI: https://doi.org/10.3390/ijerph18115830.
Gujarati, A., F. Cerqueira, and B.B. Brandenburg, Multiprocessor real-time scheduling with arbitrary processor affinities: from practice to theory. Real-Time Systems, 2015. 51(4): p. 440-483.DOI: https://doi.org/10.1007/s11241-014-9205-9.
Downloads
Published
Issue
Section
License
Copyright (c) 2022 Author
This work is licensed under a Creative Commons Attribution 4.0 International License.
You are free to:
- Share — copy and redistribute the material in any medium or format for any purpose, even commercially.
- Adapt — remix, transform, and build upon the material for any purpose, even commercially.
- The licensor cannot revoke these freedoms as long as you follow the license terms.
Under the following terms:
- Attribution — You must give appropriate credit , provide a link to the license, and indicate if changes were made . You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use.
- No additional restrictions — You may not apply legal terms or technological measures that legally restrict others from doing anything the license permits.
Notices:
You do not have to comply with the license for elements of the material in the public domain or where your use is permitted by an applicable exception or limitation .
No warranties are given. The license may not give you all of the permissions necessary for your intended use. For example, other rights such as publicity, privacy, or moral rights may limit how you use the material.
