The effect of human capital efficiency, structural capital efficiency, relational capital efficiency, capital employed efficiency & rate of growth of intellectual capital on financial performance

Abstract

The purpose of this research is to determine the effect of Human Capital Efficiency (HCE), Structural Capital Efficiency (SCE), Relational Capital Efficiency (RCE), Capital Employed Efficiency (CEE), and Rate of Growth of Intellectual Capital (ROGIC) on Financial Performance. A sample of 15 companies was collected and observed over five time periods. The research sample was determined according to the results of the purposive sampling method. A quantitative approach was used in this research. The data analysis method used in this research is panel data regression analysis and the data processing application is Eviews 12. The MVAIC approach is used to measure Intellectual Capital, while Return on Assets (ROA) is used as an indicator of financial performance. According to the findings of this research, HCE and CEE have a positive and significant effect on the financial performance of banking companies listed on the Indonesia Stock Exchange between 2018 and 2022. On the other hand, SCE, RCE, and ROGIC do not have a significant effect on the financial performance of banking companies. listed on the Indonesian Stock Exchange in 2018-2022. Meanwhile, the independent variables, namely HCE, SCE, RCE, CEE, and ROGIC simultaneously effect the dependent variable, namely financial performance (ROA).