How Does Intellectual Capital Affect Firm Performance Across Different Levels? A Quantile Regression Approach

This study aims to examine the effect of intellectual capital on firm performance. Intellectual capital is evaluated using the Value-Added Intellectual Coefficient (VAIC), which covers human, structural, and capital efficiency. Using quantile regression and three different performance measures, the...

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Main Author: Adi Kurniawan Yusup
Format: Article
Language:Indonesian
Published: Universitas Negeri Semarang 2024-12-01
Series:Management Analysis Journal
Subjects:
Online Access:https://journal.unnes.ac.id/journals/maj/article/view/15507
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author Adi Kurniawan Yusup
author_facet Adi Kurniawan Yusup
author_sort Adi Kurniawan Yusup
collection DOAJ
description This study aims to examine the effect of intellectual capital on firm performance. Intellectual capital is evaluated using the Value-Added Intellectual Coefficient (VAIC), which covers human, structural, and capital efficiency. Using quantile regression and three different performance measures, the study analyzes how the effect of intellectual capital changes across different performance levels. The sample is 358 Indonesian non-financial companies (1,074 firm-year observations) from 2018 to 2020. The results show a positive relationship between intellectual capital and firm performance, which supports the resource-based theory (RBT). However, the effect varies between high-performing and low-performing companies, showing that intellectual capital has a different influence depending on the firm's performance level.
format Article
id doaj-art-cf2a5f1071e7457caab38e60ed26e3c3
institution Kabale University
issn 2252-6552
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language Indonesian
publishDate 2024-12-01
publisher Universitas Negeri Semarang
record_format Article
series Management Analysis Journal
spelling doaj-art-cf2a5f1071e7457caab38e60ed26e3c32025-08-20T03:50:21ZindUniversitas Negeri SemarangManagement Analysis Journal2252-65522502-14512024-12-0113438739510.15294/maj.v13i4.1550715532How Does Intellectual Capital Affect Firm Performance Across Different Levels? A Quantile Regression ApproachAdi Kurniawan Yusup0Universitas Ciputra SurabayaThis study aims to examine the effect of intellectual capital on firm performance. Intellectual capital is evaluated using the Value-Added Intellectual Coefficient (VAIC), which covers human, structural, and capital efficiency. Using quantile regression and three different performance measures, the study analyzes how the effect of intellectual capital changes across different performance levels. The sample is 358 Indonesian non-financial companies (1,074 firm-year observations) from 2018 to 2020. The results show a positive relationship between intellectual capital and firm performance, which supports the resource-based theory (RBT). However, the effect varies between high-performing and low-performing companies, showing that intellectual capital has a different influence depending on the firm's performance level.https://journal.unnes.ac.id/journals/maj/article/view/15507intellectual capitalfirm performancequantile regression
spellingShingle Adi Kurniawan Yusup
How Does Intellectual Capital Affect Firm Performance Across Different Levels? A Quantile Regression Approach
Management Analysis Journal
intellectual capital
firm performance
quantile regression
title How Does Intellectual Capital Affect Firm Performance Across Different Levels? A Quantile Regression Approach
title_full How Does Intellectual Capital Affect Firm Performance Across Different Levels? A Quantile Regression Approach
title_fullStr How Does Intellectual Capital Affect Firm Performance Across Different Levels? A Quantile Regression Approach
title_full_unstemmed How Does Intellectual Capital Affect Firm Performance Across Different Levels? A Quantile Regression Approach
title_short How Does Intellectual Capital Affect Firm Performance Across Different Levels? A Quantile Regression Approach
title_sort how does intellectual capital affect firm performance across different levels a quantile regression approach
topic intellectual capital
firm performance
quantile regression
url https://journal.unnes.ac.id/journals/maj/article/view/15507
work_keys_str_mv AT adikurniawanyusup howdoesintellectualcapitalaffectfirmperformanceacrossdifferentlevelsaquantileregressionapproach