The Effect of Intellectual Capital on Profitability with Firm Size as a Moderating Variable in Manufacturing Companies Listed on the Indonesia Stock Exchange (IDX) for the Period 2021–2023
DOI:
https://doi.org/10.55927/ijbae.v4i3.108Keywords:
Intellectual Capital, Profitability, Return on Assets (ROA), Firm Size, Resource Based ViewAbstract
This study examines the influence of intellectual capital on profitability with firm size as a moderating variable in manufacturing companies listed on the Indonesia Stock Exchange (IDX) for the 2021–2023 period. Return on assets (ROA) is used as a proxy for profitability, the VAICTM model is used to assess intellectual capital, and total assets are used to measure business size. Moderated Regression Analysis (MRA) was utilized to analyze the 359 data samples used in this study. The results show that Intellectual Capital has a significant positive effect on profitability. Firm size is proven to negatively moderate this effect, indicating that the positive impact of intellectual capital on profitability tends to weaken in larger-scale companies.
References
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Pulic, A. (2000). VAIC - an accounting tool for IC management. International Journal of Technology Management, 20(5–8), 702–714. https://doi.org/10.1504/IJTM.2000.002891
Rezki, S. B. (2018). Determinan Faktor Pengungkapan Modal Intelektual dan Tingkat Pengungkapan Per Industrinya pada Seluruh Perusahaan yang Terdaftar di Bursa Efek Indonesia. Kompartemen: Jurnal Ilmiah Akuntansi, 16(1), 95–108. https://doi.org/10.30595/kompartemen.v16i1.2458
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Tsai, C., … E. M.-J. of E. R. and P., & 2020, U. (2020). Evidence in Asian food industry: intellectual capital, corporate financial performance, and corporate social responsibility. Mdpi.ComCH Tsai, EB MutucInternational Journal of Environmental Research and Public Health, 2020•mdpi.Com. https://doi.org/10.3390/ijerph17020663
Wuryani, E. (2013). Company Size in Response To Earnings Management and Company Performance. Journal of Economics, Business, and Accountancy | Ventura, 15(3), 491. https://doi.org/10.14414/jebav.v15i3.117Barney, J. (1991). Firm resources and sustained competitive advantage. Journal of Management, 17(1), 99-120. In Journal of Management, (Vol. 17, Issue 1, pp. 99–120).
Dang, C., (Frank) Li, Z., & Yang, C. (2018). Measuring firm size in empirical corporate finance. Journal of Banking & Finance, 86, 159–176. https://doi.org/10.1016/J.JBANKFIN.2017.09.006
Efrinal, E., & Astuti, R. (2023). Pengaruh Ukuran Perusahaan Dan Pertumbuhan Perusahaan Terhadap Koefisien Respon Laba. AKRUAL: Jurnal Akuntansi Dan Keuangan, 4(2), 47–56. https://doi.org/10.34005/akrual.v4i2.2454
Ghozali, I. (2018). Aplikasi analisis multivariate dengan program IBM SPSS 25. Semarang: Badan Penerbit Universitas Diponegoro.
Intan Cahyani, R., Widiarti S, T., & Listya Ferdiana, J. (2015). Pengaruh Intellectual Capital terhadap Profitabilitas pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia. Jurnal Riset Akuntansi & Perpajakan (JRAP), 2(01), 1–18. https://doi.org/10.35838/jrap.v2i01.88
Kementerian Ketenagakerjaan RI. (2023). Analisa Pasar Kerja Dalam Negeri Tahun 2023. 1–82. https://satudata.kemnaker.go.id/satudata-public/2023/12/files/publikasi
Kurniawan, R. I., & Muharam, H. (2021). The effect of Intellectual Capital on profitability with Firm size as moderating variable (Empirical research on state-owned enterprise in Indonesia 2012-. International Journal of Multidisciplinary and Current Educational Research (IJMCER), 3(3), 263–267.
Naqshbandi, M., Review, S. J.-I. B., & 2018, U. (2018). Knowledge-oriented leadership and open innovation: Role of knowledge management capability in France-based multinationals. ElsevierMM Naqshbandi, SM JasimuddinInternational Business Review, 2018•Elsevier. https://www.sciencedirect.com/science/article/pii/S0969593117301816
Nur Aulia, A., Indah Mustikawati, R., & Hariyanto, S. (2020). Profitabilitas, Ukuran Perusahaan Dan Intellectual Capital Terhadap Nilai Perusahaan. Jurnal Riset Mahasiswa Manajemen, 6(1), 1–7. https://doi.org/10.21067/jrmm.v6i1.4463
Pulic, A. (2000). VAIC - an accounting tool for IC management. International Journal of Technology Management, 20(5–8), 702–714. https://doi.org/10.1504/IJTM.2000.002891
Rezki, S. B. (2018). Determinan Faktor Pengungkapan Modal Intelektual dan Tingkat Pengungkapan Per Industrinya pada Seluruh Perusahaan yang Terdaftar di Bursa Efek Indonesia. Kompartemen: Jurnal Ilmiah Akuntansi, 16(1), 95–108. https://doi.org/10.30595/kompartemen.v16i1.2458
Santoso, J., & Handayani, S. (2021). Pengaruh Ukuran Perusahaan, Growth, Leverage, Profitabilitas dan Tingkat Internasionalisasi terhadap Pengungkapan Aset Biologis. Jurnal Sosial Sains, 1(3), 140–153. https://doi.org/10.59188/jurnalsosains.v1i3.59
Tsai, C., … E. M.-J. of E. R. and P., & 2020, U. (2020). Evidence in Asian food industry: intellectual capital, corporate financial performance, and corporate social responsibility. Mdpi.ComCH Tsai, EB MutucInternational Journal of Environmental Research and Public Health, 2020•mdpi.Com. https://doi.org/10.3390/ijerph17020663
Wuryani, E. (2013). Company Size in Response to Earnings Management and Company Performance. Journal of Economics, Business, and Accountancy | Ventura, 15(3), 491. https://doi.org/10.14414/jebav.v15i3.117
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