Regional intellectual capital (RIC) indicators in Indonesia

This study aims to identify acceptable RIC indicators for Indonesian conditions. The article discusses RIC indicators developed from NICs modified from Bontis’s and tailored to the requirements of Indonesia. The research was carried by utilizing data from IC disclosures in 38 Indonesian areas. There...

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Main Authors: Ihyaul Ulum, Mudrifah Mudrifah, Setyo Wahyu Sulistyono
Format: Article
Language:English
Published: Taylor & Francis Group 2023-12-01
Series:Cogent Business & Management
Subjects:
Online Access:https://www.tandfonline.com/doi/10.1080/23311975.2022.2163557
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author Ihyaul Ulum
Mudrifah Mudrifah
Setyo Wahyu Sulistyono
author_facet Ihyaul Ulum
Mudrifah Mudrifah
Setyo Wahyu Sulistyono
author_sort Ihyaul Ulum
collection DOAJ
description This study aims to identify acceptable RIC indicators for Indonesian conditions. The article discusses RIC indicators developed from NICs modified from Bontis’s and tailored to the requirements of Indonesia. The research was carried by utilizing data from IC disclosures in 38 Indonesian areas. There are three phases to the process. The first process is in-depth interviews, followed by focus group discussions (FGD), and finally by rediscussion. As a result, human capital in Indonesia, as measured by education, knowledge, and competence, is an example of capacity at the regional level. Customer or national loyalty, exposure to navigation, flexibility, and adaptation are key capital market points in Indonesia. Human capital in Indonesia is an example of capability, as measured by education, knowledge, and competence. Customer or national loyalty, exposure to navigation, flexibility, and adaptation are key capital market points in Indonesia. Meanwhile, the corporate environment, government presence, and knowledge transfer are used to assess process capital. GDP is a proxy for regional financial capital. The renewal capital index is based on basic research, R&D investment, and employer-university partnership. The model is unique in that it includes regional economic capital. The RIC indicators presented in Indonesia’s regions provide the user with numerous options, and the choice can be based on practical considerations such as the availability of needed data, the ease of implementation of the model, or the extent of complexity.
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spelling doaj-art-51f52aa44bc0401f9fd159ffeb0ea52b2025-08-20T02:09:41ZengTaylor & Francis GroupCogent Business & Management2331-19752023-12-0110110.1080/23311975.2022.2163557Regional intellectual capital (RIC) indicators in IndonesiaIhyaul Ulum0Mudrifah Mudrifah1Setyo Wahyu Sulistyono2Department of Accounting, Faculty of Economics and Business, University of Muhammadiyah Malang, Malang, IndonesiaDepartment of Accounting, Faculty of Economics and Business, University of Muhammadiyah Malang, Malang, IndonesiaDepartment of Economic Development, Faculty of Economics and Business, University of Muhammadiyah Malang, Malang, IndonesiaThis study aims to identify acceptable RIC indicators for Indonesian conditions. The article discusses RIC indicators developed from NICs modified from Bontis’s and tailored to the requirements of Indonesia. The research was carried by utilizing data from IC disclosures in 38 Indonesian areas. There are three phases to the process. The first process is in-depth interviews, followed by focus group discussions (FGD), and finally by rediscussion. As a result, human capital in Indonesia, as measured by education, knowledge, and competence, is an example of capacity at the regional level. Customer or national loyalty, exposure to navigation, flexibility, and adaptation are key capital market points in Indonesia. Human capital in Indonesia is an example of capability, as measured by education, knowledge, and competence. Customer or national loyalty, exposure to navigation, flexibility, and adaptation are key capital market points in Indonesia. Meanwhile, the corporate environment, government presence, and knowledge transfer are used to assess process capital. GDP is a proxy for regional financial capital. The renewal capital index is based on basic research, R&D investment, and employer-university partnership. The model is unique in that it includes regional economic capital. The RIC indicators presented in Indonesia’s regions provide the user with numerous options, and the choice can be based on practical considerations such as the availability of needed data, the ease of implementation of the model, or the extent of complexity.https://www.tandfonline.com/doi/10.1080/23311975.2022.2163557intellectual capitalhuman capitalmarket capitalprocess capitalrenewal capital indexregional intellectual capital
spellingShingle Ihyaul Ulum
Mudrifah Mudrifah
Setyo Wahyu Sulistyono
Regional intellectual capital (RIC) indicators in Indonesia
Cogent Business & Management
intellectual capital
human capital
market capital
process capital
renewal capital index
regional intellectual capital
title Regional intellectual capital (RIC) indicators in Indonesia
title_full Regional intellectual capital (RIC) indicators in Indonesia
title_fullStr Regional intellectual capital (RIC) indicators in Indonesia
title_full_unstemmed Regional intellectual capital (RIC) indicators in Indonesia
title_short Regional intellectual capital (RIC) indicators in Indonesia
title_sort regional intellectual capital ric indicators in indonesia
topic intellectual capital
human capital
market capital
process capital
renewal capital index
regional intellectual capital
url https://www.tandfonline.com/doi/10.1080/23311975.2022.2163557
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AT mudrifahmudrifah regionalintellectualcapitalricindicatorsinindonesia
AT setyowahyusulistyono regionalintellectualcapitalricindicatorsinindonesia