The Trickle-Down Effect of Intellectual Capital on Banks’ Macro Performance in Indonesia

• 발행기관: 한국유통과학회
• 저자명: Abdul WAHAB Nurhasnah ABBAS Alim SYARIATI Namla Elfa SYARIATI
• 간행물 정보: 『The Journal of Asian Finance, Economics and Business(JAFEB)』Vol. 7 No.12, 703~710쪽, 전체 8쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 2020.12.30

영문 초록

The stock market serves as a representation of economic well-being in a country. Along with the myriad of economic predictors, specific knowledge possession may lead to different macro consequences of stock performance and market value. This study empirically investigates the capacity of possessing excellent intellectual capital to increase the performance and values of listed banks in Indonesia. The selection of banks as the primary data represents such sectors’ capability to attract, employ, or exploit the excellent internal capacity under the discussion of resource-based view theory. At best to the authors’ knowledge, this topic’s findings are still elusive and debatable upon considering the direct and indirect relationships between the proposed exogenous and endogenous variables. Eighteen listed banks form the panel data throughout 2011-2016. This study employs a path analysis and Sobel test to obtain the results of the proposed hypothesis. The results report some positive relationships of the intellectual capital to firms’ performances and values, directly and indirectly, with a substantial effect on the second model compared to the first model. This study highlighted knowledge’s capacity as a vital basis to gauge the banks’ performance and valuation. However, a better formulation of intellectual capital is required to capture a better measurement.

목차

1. Introduction

2. Literature Review

3. Research Methods and Materials

4. Results and Discussion

5. Conclusion

References

키워드

Banks Performance Firm Value Intellectual Capital