Open AccessINTELLECTUAL CAPITAL AND FINANCIAL PERFORMANCE OF THE COMPANY
Author(s) -
Nila Bilqis Maharani,
Faisal Faisal
Publication year - 2019
Publication title -
jurnal reviu akuntansi dan keuangan
Language(s) - English
Resource type - Journals
eISSN - 2615-2223
pISSN - 2088-0685
DOI - 10.22219/jrak.v9i1.8220
Subject(s) - intellectual capital , business , sample (material) , indonesian , competitive advantage , resource (disambiguation) , accounting , descriptive statistics , capital (architecture) , value (mathematics) , financial capital , finance , classical economics , economics , marketing , human capital , statistics , economic growth , computer network , linguistics , chemistry , philosophy , mathematics , archaeology , chromatography , computer science , history
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.