THE INFLUENCE OF INTELLECTUAL CAPITAL ON FIRM VALUE THROUGH DIGITAL TRANSFORMATION IN BANKING

Dwi Febrianti, Anggita Langgeng Wijaya, Wiwin Juliyanti

Abstract


Digital transformation is vital in enabling companies to optimize intellectual capital and enhance firm value. Intellectual capital, consisting of human, structural, and relational resources, serves as a key asset for competitiveness and sustainability. This study investigates the influence of intellectual capital on firm value with digital transformation as an intervening variable, utilizing secondary data from 30 banks' 2020–2024 annual reports that are listed on the Indonesia Stock Exchange (IDX). Documentation was used to gather data, and SPSS version 25 was used for path analytic analysis. The results show that firm value is highly impacted by intellectual capital, while digital transformation shows a positive but insignificant effect, both directly and indirectly. These results emphasize the importance of managing intellectual capital effectively while aligning digital initiatives to support sustainable value creation.

Keywords: Intellectual Capital, Digital Transformation, Firm Value.

 


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References


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