THE INFLUENCE OF INTELLECTUAL CAPITAL ON COMPANY PERFORMANCE WITH ENVIRONMENTAL, SOCIAL, AND GOVERNANCE (ESG) AS MODERATOR

Indah Wahyu Ningtyas, Anggita Langgeng Wijaya, Wiwin Juliyanti

Abstract


This study examines how intellectual capital influences this study analyzes the performance of companies operating in the banking sector in Indonesia, with a focus on companies listed on the Indonesia Stock Exchange during the period 2019 to 2023. Using the Value-Added Human Capital (VAHU) measurement method, human resources are positioned as the primary independent variable in this study. Company performance measurement is carried out using the Return on Assets (ROA) indicator as a proxy for financial performance. as the main indicator. The analysis was carried out based on 195 observational data that had been collected obtained from originating from financial statements and annual reports of 39 banking institutions. Statistical analysis was conducted using data analysis was performed using multiple linear regression ewith the aid of IBM SPSS statistical software. The result indicate that intellectual capital has a positive and significant impact on the performance of the banking sector in Indonesia. These findings underscore the urgency of optimal management and investment in intellectual resources to improve operational efficiency and maintain competitive advantage in the banking industry. From a practical perspective, banking management is advised to prioritize sustainable human resource development as a key strategy in improving organizational performance.

Keywords: Intellectual Capital, Human Capital, Company Performance, Return on Assets, Indonesian Banking


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