Analysis of the Influence of Intellectual Capital and Working Capital on Profitability of State-Owned Sharia Commercial Banks

Abstract

State-owned sharia commercial banks are the highest assets of Islamic banking in Indonesia. As a financial institution operating in a country that operates a dual banking system, it is required to compete with conventional banking. Facing fairly fierce competition, Islamic banking is required to manage all its capital to generate profitability. Both non-physical capital, intellectual capital (intellectual capital), knowledge, and physical capital to operate the company, namely working capital. The purpose of this study was to see the effect of intellectual capital and working capital on the projected profitability of Return on Assets (ROA). The research used descriptive statistical method with analysis tools in panel data regression which was processed using Eviews 10 software. Techniques and data used the method of documentation and literature study and sampling with the purposive sampling method so that the number of samples in this study was 72 samples of State-owned Sharia Commercial Banks with quarterly data for the 2015-2020 period. The results obtained indicate that simultaneously the independent variables, namely Intellectual Capital (X1) and Working Capital (X2), have a significant effect on Return On Assets (ROA). The second independent variable can explain the dependent variable by 54.2%, and the remaining 45.8% is another variable that is not included in the model. The study results partially show that Intellectual Capital (X1) has a positive and significant effect on Return On Assets (ROA). However, the Working Capital variable (X2) does not affect the Return on Assets (ROA) of BUMN Commercial Sharia Banks in 2015-2020.

The Impact of Capital on Profitability

“…This study is consistent with studies done by Mardiah & Nurulrahmatiah, (2020) and (Wijaya, 2012) However, this research has not in line with the results of the study conducted by (Rosida & Aisyah, 2021;Widiyanti & Bakar, 2014).…”

“…So that it can compete more effectively with other businesses. This study is consistent with studies done by (Asare et al, 2017;Gupta et al, 2020;Rosida & Aisyah, 2021;Tiwari, 2022;Wijayani, 2017). However, this research has not in line with the results of the study conducted by (Malaya & Jiwa, 2018;M.…”

Pengaruh Intellectual Capital Terhadap Profitabilitas Dalam Perspektif Syariah

“…Penelitian mengenai pengaruh intellectual capital terhadap profitabilitas baik dilihat dari profitabilitas secara umum, ROA, return on equity (ROE) dan earning per share (EPS) sudah diteliti oleh Wany (2010); Wijaya (2012); Asiah (2014); Dwipayani and Prastiwi (2014); Faza and Hidayah (2014); Budiasih (2015); Cahyani, S., and Ferdiana (2015); Bustamam and Aditia (2016); Fadri and Wahidahwati (2016); Halim, Basri, and Faisal (2016); Santoso, Djaelani, and Destryanti (2017); Astuti, Sarda, and Muchran (2019); Putri and Gunawan (2019); Wardani, Widarno, and Kristianto (2020); Farihah and Setiawan (2020); Rahayu, Kurniati, and Wahyuni (2020); Rosida and Aisyah (2021) dengan hasil yang berbeda-beda. Namun penelitian tersebut tidak mengkaji pengaruh faktor intellectual capital secara detail terhadap profitalilitas yang diproksikan dengan VACA, VAHU, dan STVA serta perspektif syariah.…”

Intellectual Capital and Financial Performance in Sharia Commercial Banks in Indonesia

“…Research gaps have been found in the results of these studies to fill these gaps. This research can explain the analysis of Rosida & Aisyah (2021) to re-examine the influence of intellectual capital on financial performance and provide evidence of the components of intellectual capital and financial performance of Islamic banking in Indonesia. Which component gives the greatest contribution to the assessment of intellectual capital and financial performance?…”

“…Many research results prove that intellectual capital affects company performance (Rosida & Aisyah, 2021;Susanti et al, 2020;Xu & Wang, 2018;Nadeem et al, 2018;Simarmata & Subowo, 2016;Ousama & Fatima, 2015;Gozali & Hatane, 2014). In the context of banking in Indonesia, there are still differences in research results, both in the advantages of each component of intellectual capital and its relationship (positive/negative) to banking financial performance.…”