PENGARUH MODAL INTELEKTUAL DAN TATA KELOLA PERUSAHAAN TERHADAP KINERJA KEUANGAN

Abstract

This research aimed to examine the effect of intellectual capital and a company’s management on financial performance. The intellectual capital was measured by the Value-Added Intellectual Coefficient (VAIC) method; meanwhile, the company’s management was measured by institutional ownership, managerial ownership, director size, and board of independent commissionaire. Furthermore, this research was quantitative. Meanwhile, the research sample used purposive sampling, i.e., a sample selection with determining criteria. Based on the purposive sampling, it obtained 164 samples from 41 banking companies listed on The Indonesia Stock Exchange during 2017-2020. Moreover, the research analysis method used multiple linear regressions analysis. The research result showed that intellectual capital positively affected financial performance, and institutional ownership did not affect financial performance. In contrast, the managerial ownership did not affect the financial performance, directors’ size had a positive effect on the financial performance, and the proportion of the board of independent commissionaire did not affect the financial performance.