Pengaruh Intellectual Capital dan Corporate Governance Terhadap Kinerja Bank di Indonesia | Baihaqi | Journal of Islamic Finance and Accounting

Pengaruh Intellectual Capital dan Corporate Governance Terhadap Kinerja Bank di Indonesia

Jadzil Baihaqi(1*)
(1) Institut Agama Islam Negeri Kudus
(*) Corresponding Author
DOI : 10.22515/jifa.v2i1.1606

Abstract

This study examines the impact of intellectual capital and corporate governance mechanism on banks’ performance both directly and also moderated effect. We used banks that were listed in the Indonesia Stock Exchange. The bank’s performance was measured by risk-based bank rating while intellectual capital was measured by the coefficient of VAICTM (Pulic, 1998). The corporate governance mechanism was measured based on the size of boards of directors, the composition of independent director, CEO remuneration, managerial ownership, the effectiveness of audit committee and ownership concentration. The result of the study shows that banks’ performance was positively influenced by intellectual capital. However, corporate governance mechanism did not influence the banks’ performance, while the moderation effect of corporate governance mechanism on the relationship between intellectual capital and banks’ performance was not confirmed.

References


Abdullah, D. F., dan Sofian, S. 2012. The Relationship Between Intellectual Capital and Corporate Performance. The 2012 International Conference on Asia Pacific Business Innovation and Technology Management (hal. 537-541). Procedia Social and Behavioral Sciences.

Alimehmeti, G., dan Paletta, A. 2011. Ownership Concentration and Effects over Firm Performance: Evidence from Italy. European Scientific Journal Vol. 8 No. 22, Hal. 39-49.

Al-mamun, A., Yasser, Q. R., Rahman, A., Wickramasinghe, A., dan Nathan, T. M. 2014. Relationship Between Audit Committee Characteristics, External Auditors and Economic Value Added (EVA) of Public Listed Firms in Malaysia. Corporate Ownership & Control 1 Vol. 12, Hal. 899-910.

Al-Musali, M. A., dan Ismail, K. N. 2014. Intellectual Capital and Its Effect on Financial Performance of Banks: Evidence from Saudi Arabia. Procedia Social and Behavioral Sciences 164, Hal. 201-207.

Al-Tamimi, H. A. H. 2012. The Effects of Corporate Governance on Performance and Financial Distress. Journal of Financial Regulation and Compliance, Vol. 20 Iss 2 Hal. 169 – 181.

Arifin, J., Suhadak, Astuti, E. S., dan Arifin, Z. 2014. The Influence of Corporate Governance, Intellectual Capital on Financial Performance and Firm Value of Bank Sub-Sector Campanies Listed at Indonesia Stock Exchange in Period 2008-2012. European Journal of Business and Management Vol. 6 No. 26, Hal. 159-167.

Bank Indonesia. 2006. Peraturan Bank Indonesia (PBI) Nomor: 8/4/PBI/2006 Tentang Pelaksanaan GCG Bagi Bank Umum. Jakarta.

Bank Indonesia. 2006. Peraturan Bank Indonesia (PBI) Nomor: 8/14/PBI/2006 Tentang Perubahan atas PBI Nomor: 8/4/PBI/2006 Tentang Pelaksanaan GCG Bagi Bank Umum. Jakarta.

Bank Indonesia. 2011. Peraturan Bank Indonesia (PBI) Nomor: 13/PBI/2011 Tentang Penilaian Tingkat Kesehatan Bank Umum. Jakarta.

Bank Indonesia. 2011. Surat Edaran BI No. 13/24/DPNP Tentang Penilaian Tingkat Kesehatan Bank Umum. Jakarta.

Bank Indonesia. 2013. Surat Edaran BI No. 15/15/DPNP Tentang Pelaksanaan GCG Bagi Bank Umum. Jakarta.

Barney, J. 1991. Firm resources and sustained competitive advantage. Journal of Management.

Basu, S., Hwang, L. S., Mitsudome, T., dan Weintrop, J. 2007. Corporate Governance, Top Executive Compensation and Firm Performance in Japan. Pasific-Basin Finance Journal 15 (1), Hal. 56-79.

Daud, R. M., dan Amri, A. 2008. Pengaruh Intellectual Capital dan CSR Terhadap Kinerja Perusahaan (Studi Empiris Pada Perusahaan Manufaktur di BEI). Jurnal Telaah dan Riset Akuntansi Vol. 1 No. 2, Hal. 213-231.

Dewayanto, T. 2010. Pengaruh Mekanisme Good Corporate Governance Terhadap Kinerja Perbankan Nasional. Fokus Ekonomi Vol. 5 No. 2, Hal. 104-123.

Earnest, D. F., dan Sofian, S. 2013. The Mediating Role of Corporate Governance on Intellectual Capital and Corporate Performance. Journal of Economics, Business and Management Vol. 1 No. 4, Hal. 339-342.

Ghozali, I., dan Latan, H. 2014. Partial Least Squares: Konsep, Metode, dan Aplikasi Menggunakan Program WarpPLS 4.0. Semarang: Badan Penerbit Universitas Diponegoro.

Gigante, G. 2013. Intellectual Capital and Bank Performance in Europe. Accounting and Finance Research Vol. 2 No. 4, Hal. 120-129.

Gupta, P. P., Kennedy, D. B., dan Weaver, S. C. 2009. Corporate Governance and Firm Value: Evidence From Canadian Capital Markets. Corporate Ownership & Control Vol. 6 No. 3, Hal. 293-307.

Hermalin, B. E., dan Weisbach, M. S. 2003. Boards of Directors as an Endogenously Determined Institution: A Survey of the Economic Literature. FRBNY Economic Policy Review, Hal. 7-26.

Hoque, M. Z., Islam, M. R., dan Ahmed, H. 2012. Corporate Governance and Bank Performance: The Case of Bangladesh. SSRN. Diambil kembali dari http://ssrn.com/abstract=2208903. Diakses tanggal 5 Januari 2015.

Jensen, M. C., dan Meckling, W. H. 1976. Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure. Journal of Financial Economics Vol. 3, Hal. 305-360.

Junarsin, E. dan Ismiyanti, F. 2009. Corporate Governance in Indonesian Bank Industry. Global Journal of Business Research 3 (2) Hal. 131-140.

Latif, B.; Sabir, H. M.; Saleem, S.; Ali, A. 2014. The Effects of Corporate Governance on Firm Financial Performance: A Study of Family and Non-Family Owned Firms in Pakistan. Research Journal of Finance and Accounting Vol. 5 No. 17 Hal. 75-89.

Palia, D., dan Lichtenberg, F. 1999. Managerial Ownership and Firm Performance: A Re-examination Using Productivity Measurement. Journal of Corporate Finance 5, Hal. 323-339.

Peteraf, M. A. 1993. The cornerstones of competitive advantage: A resource-based view. Strategic Management Journal Vol. 14 No. 3 Hal. 179-191.

Pulic, A. 1998. Measuring the Performance of Intellectual Potential in Knowledge Economy. the 2nd McMaster Word Congress on Measuring and Managing Intellectual Capital by the Austrian Team for Intellectual Potential.

Rad, Fariba H.; Rajeh, Kia ZS.; Botyari, Ehsan; Bezminabadi, Ghasem N. 2013. The Impact of Corporate Governance on Firm's Financial Performance: A Comparison between Iranian and Malaysian Listed Companies. Life Science Journal Vol. 10 Hal. 49 – 55.

Safieddine, A., Jamali, D., dan Noureddine, S. 2009. Corporate Governance and Intellectual Capital: Evidence from an Academic Institution. Corporate Governance Vol. 9 No. 2, Hal. 146-157.

Scholten, M. 2014. Ownership Structure and Firm Performance: Evidence from the Netherlands. 1st IBA Bachelor Thesis Conference (hal. 1-10). Enschede, The Netherlands: University of Twente Press.

Scholtz, H. E., dan Smit, A. 2012. Executive Remuneration and Company Performance for South African Companies Listed on the Alternative Exchange (AltX). Southern African Business Review Vol. 16 No. 1, Hal. 22-38.

Sharma, N. 2014. Extent of corporate governance disclosure by banks and finance companies listed on Nepal Stock Exchange. Advances in Accounting, incorporating advances in International Accounting 30 Hal. 425 – 439.

Spong, K. R., dan Sullivan, R. J. 2007. Corporate Governance and Bank Performance. SSRN. Diambil dari: http://ssrn.com/abstract=1011068. Diakses tanggal 8 April 2015.

Stiglbauer, M. 2010. Transparency & Disclosure on Corporate Governance as Key Factor of Companie's Success: A Simultaneous Equations Analysis for Germany. Problems and Perspectives in Management, Vol.8 Issue 1 Hal. 161 – 173.

Taswan. 2010. Manajemen Perbankan: Konsep, Teknik, dan Aplikasi. Yogyakarta: UPP STIM YKPN.

Tjager, I. N., Djemat, A. A., dan Sembodo, B. 2003. Corporate governance: Tantangan dan kesempatan bagi komunitas bisnis Indonesia. Forum Corporate Governance in Indonesia (FCGI).

Ulum, I. 2007. Pengaruh Intellectual Capital Terhadap Kinerja Keuangan Perusahaan Perbankan di Indonesia. Tesis. Universitas Diponegoro Semarang. Tidak dipublikasikan.

Verduijn, K. 2013. From Knowledge to Firm Performance: An Empirical Analysis of Intellectual Capital Impact in Polish and Dutch Listed Firms. Management and Business Administration Central Europe Vol. 22 No. 3 (122), Hal. 114-138.

Wahla, K., Shah, S. Z., dan Hussain, Z. 2012. Impact of Ownership Structure on Firm Performance Evidence from Non-financial Listed Companies at Karachi Stock Exchange. International Research Journal of Finance and Economics 84, Hal. 6-13.

Wang, D. H., dan Huynh, Q. L. 2013. Complicated Relationships among Audit Committee Independence, Nonfinancial and Financial Performance. Journal of Knowledge Management, Economics and Information Technology 5 Vol. 3 , Hal. 1-19.

Wernerfelt, B. 1984. A resource-based view of the firm. Strategic Management Journal Vol. 5 No. 2 Hal. 171-180.

Wu, M.-F., Lee, Y.-J., dan Wang, G.-L. 2012. To Verify How Intellectual Capital Affects Organizational Performance in Listed Taiwan IC Design Companies with Considering the Moderator of Corporate Governance. The Journal of Global Business Management Vol. 8 No. 1, Hal. 20-32.

Zhang, J., Jiang, C., dan Qu, B. W. 2013. Market Concentration, Risk-Taking, and Bank Performance: Evidence from Emerging Economies. International Review of Financial Analysis 30, Hal. 149-157.


Article Statistic

Abstract view : 31 times
PDF views : 22 times

Dimensions Metrics

The PDF file you selected should load here if your Web browser has a PDF reader plug-in installed (for example, a recent version of Adobe Acrobat Reader).

If you would like more information about how to print, save, and work with PDFs, Highwire Press provides a helpful Frequently Asked Questions about PDFs.

Alternatively, you can download the PDF file directly to your computer, from where it can be opened using a PDF reader. To download the PDF, click the Download link above.

Fullscreen Fullscreen Off

Full Text: PDF

How To Cite This :

Refbacks

  • There are currently no refbacks.