Pengaruh Intellectual Capital, Capital Structure Terhadap Firm Performance dengan Good Corporate Governance Sebagai Variabel Moderator
DOI:
https://doi.org/10.35870/emt.v8i4.2915Keywords:
Intellectual Capital, Capital Structure, Good Corporate Governance, Company PerformanceAbstract
Many companies have not met their performance targets over the past year, indicating poor performance. This study aims to analyze whether good corporate governance can moderate the influence of intellectual capital and capital structure on company performance. The sample consisted of 80 manufacturing companies listed on the Indonesia Stock Exchange (IDX) from 2020 to 2023. The methodology used was multiple linear regression analysis, with the assistance of EViews 12 software. The study found that intellectual capital and capital structure do not affect company performance, but good corporate governance can moderate the effect of intellectual capital and capital structure on company performance. The conclusion of this study is that good corporate governance can moderate the influence of intellectual capital and capital structure on company performance.
Downloads
References
Arribaat, S. K., Yahya, I., & Agriyanto, R. (2021). The determinants of firm value and financial performance in Islamic stocks. Equilibrium: Jurnal Ekonomi Syariah, 9(1), 1.
Aryanti, N. P. I., & Mertha, M. (2022). Intellectual capital, profitabilitas, ukuran perusahaan dan nilai perusahaan. E-Jurnal Akuntansi, 32(11), 3348.
Basit, A., & Hasan, Z. (2018). Impact of capital structure on firm performance: A study on Karachi Stock Exchange (KSE) listed firms in Pakistan. International Journal of Information, Business and Management, 10(4), 158-172.
Daniel, & Viriany. (2021). Pengaruh Intellectual Capital, Capital Structure terhadap Firm Performance dengan Moderasi Corporate Governance. Jurnal Ekonomi. https://doi.org/10.24912/je.v26i11.777
Fauziyah, I. (2020). Manaker kampanyekan gerakan pekerja sehat cegah penyebaran pandemi COVID-19. Kementerian Ketenagakerjaan Republik Indonesia. https://temank3.kemnaker.go.id/page/detail_news/7/e818d137a7b9961e8fe3c316818048b9
Isanzu, J. S. (2015). The impact of ownership structure on financial performance: A comparison study of two Chinese banks. International Journal of Management Science and Business Administration, 1(12), 26-33.
Khasanah, U., & Harjito, A. D. (2020). The effect of funding decisions and intellectual capital on firm value with profitability as an intervening variable in manufacturing companies listed on the Indonesia Sharia Stock Index. International Journal of New Technology and Research, 6(7), 6585-6591.
Krisyadi, R., & Bambang, B. (2024, April). The influence of audit committee effectiveness and financial condition on audit delay in companies listed on the Indonesian Stock Exchange. In CoMBInES-Conference on Management, Business, Innovation, Education and Social Sciences (Vol. 4, No. 1, pp. 932-961).
Leonard, D. A., & Tjakrawala, F. X. K. (2021). Pengaruh Intellectual Capital terhadap Firm Performance dengan Corporate Governance sebagai variabel moderasi. Jurnal Multipradigma Akuntansi, 3(2), 804-813.
Novanti, & Tjakrawala, F. X. K. (2021). Pengaruh Capital Structure dan Intellectual Capital terhadap kinerja perusahaan dengan moderator GCG. Jurnal Multiparadigma Akuntansi, 3(4).
Silaban, R. (2023). Tandatangani perjanjian kinerja, Dirjen KN: Tahun 2023, tantangan DJKN semakin challenging. Direktorat Jenderal Kekayaan Negara, Kementerian Keuangan Republik Indonesia. https://www.djkn.kemenkeu.go.id/berita/baca/31147/Tanda-Tangani-Perjanjian-Kinerja-Dirjen-KN-Tahun-2023-Tantangan-DJKN-Semakin-Challenging.html
Silvya, S. L., & Rasyid, R. (2020). Pengaruh Intellectual Capital dan Capital Structure terhadap Firm Performance pada perusahaan manufaktur. Jurnal Multiparadigma Akuntansi, 2.
Siregar, N. C., Putra, R. N. A., & Arifah, N. (2022). Pengaruh struktur modal dan modal intelektual terhadap kinerja perusahaan dimoderasi Corporate Governance. Jurnal Studi Ekonomi, 13(1).
Soewardjono, D. (2021, April 29). Dirut jadi tersangka, begini kinerja keuangan dan saham Waskita. CNBC Indonesia. https://www.cnbcindonesia.com/market/20230429142809-17-433234/dirut-jadi-tersangka-begini-kinerja-keuangan-saham-waskita
Suzan, L., & Khadrinur, H. (2023). The effect of intellectual capital and executive compensation on financial performance. Journal of Humanities and Social Studies (JHSS), 7(1), 40-46. https://doi.org/10.33751/jhss.v7i1.7102
Tania, V., & Tjakrawala, F. X. K. (2020). Pengaruh Intellectual Capital dan Capital Structure terhadap Firm Performance: Corporate Governance sebagai variabel moderasi. Jurnal Multiparadigma Akuntansi, 2(4).
Taouab, O., & Issor, Z. (2019). Firm performance: Definition and measurement models. European Scientific Journal, 15(1), 93-106.
Thohir, E. (2022, Juli 5). PMN disebut untuk BUMN sakit, ini kata Erick Thohir. CNBC Indonesia. https://www.cnbcindonesia.com/market/20240705181953-17-552221/pmn-disebut-untuk-bumn-sakit-ini-kata-erick-thohir.
Downloads
Published
Issue
Section
License
Copyright (c) 2024 Nelli Novyarni, Rizkha Fadhilah, Reni Harni, Krisnando
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
Authors who publish with this journal agree to the following terms:
1. Copyright Retention and Open Access License
Authors retain copyright of their work and grant the journal non-exclusive right of first publication under the Creative Commons Attribution 4.0 International License (CC BY 4.0).
This license allows unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
2. Rights Granted Under CC BY 4.0
Under this license, readers are free to:
- Share — copy and redistribute the material in any medium or format
- Adapt — remix, transform, and build upon the material for any purpose, including commercial use
- No additional restrictions — the licensor cannot revoke these freedoms as long as license terms are followed
3. Attribution Requirements
All uses must include:
- Proper citation of the original work
- Link to the Creative Commons license
- Indication if changes were made to the original work
- No suggestion that the licensor endorses the user or their use
4. Additional Distribution Rights
Authors may:
- Deposit the published version in institutional repositories
- Share through academic social networks
- Include in books, monographs, or other publications
- Post on personal or institutional websites
Requirement: All additional distributions must maintain the CC BY 4.0 license and proper attribution.
5. Self-Archiving and Pre-Print Sharing
Authors are encouraged to:
- Share pre-prints and post-prints online
- Deposit in subject-specific repositories (e.g., arXiv, bioRxiv)
- Engage in scholarly communication throughout the publication process
6. Open Access Commitment
This journal provides immediate open access to all content, supporting the global exchange of knowledge without financial, legal, or technical barriers.
