Intellectual capital and financial performance: A study of the Turkish Banking Sector

Özkan, Nasıf; Çakan, Sinan; Kayacan, Murad

doi:10.1016/j.bir.2016.03.001

Cited by 292 publications

(443 citation statements)

References 36 publications

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“…Firer and Williams [1] also emphasized the importance of PC in improving the sustainable performance of an institution. However, previously, many studies reported the positive impact of CEE on performance [4,6,12,18,[32][33][34]39,41,52,58,63,67,71,75,77], while some reported no relationship between CEE and performance [1,10,35,37,38,43]. We thus, pose the following hypothesis:…”

Section: Cee and Performancementioning

confidence: 76%

“…In addition to a positive relationship, some studies found no relationship between VAIC and the performance of financial institutions in different countries [18,34,75]. For instance, using a sample of 40 Australian financial companies over the period 2006-2008, Joshi, Cahill, Sidhu and Kansal [18] applied linear regression and found no relationship between VAIC and its components, i.e., HCE, SCE, and ROA.…”

Section: Ic and Performance Of Financial Institutionsmentioning

confidence: 99%

“…However, their study reported a positive impact of CEE on ROA. Using a sample of 44 Turkish banks over the period 2005-2014, Ozkan, Cakan and Kayacan [34] applied OLS regression and found an insignificant impact of VAIC and its component, i.e., SCE, but a positive impact of CEE and HCE on ROA.…”

Section: Ic and Performance Of Financial Institutionsmentioning

confidence: 99%

“…IC has been classified into different components and measured by different methodologies [11,13,14,16,[22][23][24][25]. However, the advanced one, i.e., value-added intellectual coefficient (VAIC), developed by Pulic [24], is used in this study as a measurement of IC.Many studies have provided evidence regarding the relationship between IC and performance in different countries [4,18,[26][27][28][29][30][31][32][33][34][35][36][37][38][39][40][41][42][43][44]. However, evidence from financial institutions is still scarce.…”

mentioning

confidence: 99%

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Intellectual Capital, Profitability, and Productivity: Evidence from Pakistani Financial Institutions

et al. 2019

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The idiosyncratic and knowledge-intense nature of the financial institutions requires them to rely more on intangible than on tangible resources. Over the past two decades, researchers have been motivated to embark on the relationship between intellectual capital (IC) and performance of financial institutions. Considering the knowledge-based intellect as a critical skill of this era, the current study examines the impact of IC on the performance of 111 Pakistani financial institutions (PFIs) over the period 2007-2018. Two IC measures, i.e., value-added intellectual coefficient (VAIC) and modified value-added intellectual coefficient (MVAIC), were applied to examine the impact of IC on profitability and productivity. Robust results from the fixed effect regression and generalized method of momentum affirm the inverted U-shaped relationship between IC and performance, suggesting that the increase in IC performance of PFIs increases their profitability and productivity up to a certain level, and after that, a further increase in IC performance decreases profitability and productivity. The results further suggest that human capital is the most influencing intellectual resource which produces higher intellectual efficiencies and increases the performance significantly. The results of this study are likely to be helpful for management, regulators, policy makers, and academics and provide insights into the importance of IC and suggest that the investment in the IC improves the sustainable performance to a certain extent.Sustainability 2019, 11, 3842 2 of 30 (IC) was first published in 1969 by John Kenneth Galbraith [8]; since then, the development and the existence of IC have been considered significant to the performance and sustainability of FIs [9].Modern FIs operate in a more challenging and dynamic environment due to technological advancement, continuous innovation in systems and processes, fast-changing customer preferences, and intense competition [10]. Unlike the nonfinancial sector, the operational success, growth, and sustainability of the financial sector do not rely more on tangible assets. As the financial sector provides a range of diversified financial services, therefore, it relies more on IC elements which are intangible in nature, like advanced systems, processes, skills, expertise, supportive culture, environment, knowledge, and information [4]. IC is believed to be a key force to value creation, hidden behind the book value of institutions [11,12]. In order to understand the concept of IC, it can be explained as the combination of structure capital and human capital [11,13]. Structure capital is based on customer and organization capital. Customer capital refers to potential intangibles such as knowledge embedded in suppliers, customers, related industry associations or the government [13]. Organization capital refers to intangibles such as knowledge embedded within the routines of an institution, systems and processes, supportive culture, information systems, transaction times, and procedural innova...

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Section: Cee and Performancementioning

confidence: 76%

Section: Ic and Performance Of Financial Institutionsmentioning

confidence: 99%

Section: Ic and Performance Of Financial Institutionsmentioning

confidence: 99%

mentioning

confidence: 99%

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Intellectual Capital, Profitability, and Productivity: Evidence from Pakistani Financial Institutions

et al. 2019

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“…Berdasarkan hasil uji statistik disimpulkan bahwa intellectual capitalterbukti berpengaruh positif signifikan terhadap kinerja keuangan UUS dan hipotesis kedua penelitian ini diterima. Hasil analisis statistik untuk penelitian ini sejalan dengan hasil penelitian sebelumnya oleh Nawaz dan Haniffa (2017), Ozkan et al (2017), Setianto dan Sukmana (2016), Al-Musali dan Ismail (2014) yang juga menemukan bahwa Intellectual Capital berpengaruh positif signifikan tehadap kinerja keuangan bank syariah. UUS mengelola IC dengan baik sehingga secara efisien dapat menciptakan valueadded bagi perusahaan.…”

Section: Pengaruh Intellectual Capital Terhadap Kinerja Keuangan Uusunclassified

Islamic Corporate Governance Dan Kinerja Keuangan Unit Usaha Syariah (UUS) Periode 2013-2017

Mardiani

Yadiati

Jaenudin

2019

jak

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ABSTRAKPenelitian ini bertujuan untuk mengetahui pengaruh pengungkapan Islamic Corporate Governance (ICG)dan Intellectual Capital (IC) terhadap kinerja keuangan UUS . Pengungkapan ICG diukur menggunakan pedoman Good Governance Bisnis Syariah (GGBS) yang dikeluarkan KNKG (2011), Intellectual Capital diukur dengan iB-VAIC (Ulum,2013) dan kinerja keuangan diukur dengan rasio profitabilitas, yaitu ROA. Penelitian ini adalah penelitian deskriptif dengan pendekatan kuantitatif. Sampel penelitian ini terdiri dari 18 UUS dari periode 2013-2017. Data sekunder diambil dari annual reportdan laporan keuangan triwulan ke-IV khusus UUS dari bank konvensional induk yang kemudian dianalis secara statistik dengan menggunakan metode analisis regresi data panel. Hasil penelitian menunjukka bahwa ICG tidak berpengaruh terhadap kinerja keuangan UUS danIntellectual Capital berpengaruh positif signifikan terhadap kinerja keuangan UUS. PENDAHULUANKeberadaan bank Islam di Indonesia dipelopori oleh bank Muamalat yang berdiri pada tahun 1992. Muamalat terbukti mampu bertahan saat terjadi krisiskeuangan global 1998 dan kemudian mendorong pemerintah menyempurnakanaturan mengenai bank Islam di Indonesia. Pemerintah membuat peraturan yangmenegaskan bahwa Indonesia menganut dual banking system untuk sistem perbankannya. Hal tersebut disambut oleh bank konvensional Indonesia denganberlomba-lomba membentuk Unit Usaha Syariah (UUS) untuk mengembangkan usahanya.Sejak saat itu, tercatat hingga tahun 2017 telah ada 13 BUS dan 21 UUS dengan total 1.966 kantor yang beroperasi di Indonesia (SPS, 2017).Meskipun di Indonesia telah banyak segmen usaha yang menerapkan sistem keuangan syariah, namun perbankan syariah adalah yang paling dominan berkontribusi terhadap tumbuhnya keuangan syariah.Namun, perkembangan perbankan syariah yang pesat tidak serta merta sejalan dengan peningkatan market share perbankan syariah Indonesia. Perbankan syariah Indonesia hanya mampu memperoleh market share sebanyak 5,44% dari total market share perbankan nasional (OJK, 2017).Perolehantersebut terbilang kecil jika dibandingkan dengan market share di negara-negara lain, misalnya Malaysia 23,8%, Arab Saudi 51,1%, dan Uni Emirat Arab 19,6%. Denganmayoritas penduduk yangberagama Islam, seharusnya market shareIndonesia dapat mengungguli perolehanmarket share negara-negara tersebut. Lambatnya pertumbuhan perbankan syariah diduga disebabkan oleh kualitas bankbank Islam di Indonesia yang belum membaik terutama UUS yang beroperasi dibawah naungan

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Intellectual capital performance in the financial sector: Evidence from China, Hong Kong, and Taiwan

2020

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It is no doubt that successful organizations tend to be those that persistently innovate, believing on new technologies and emphasizing on abilities and knowledge of their employees. Knowledge has become one of the most imperative intangible assets of financial institutions in recent years. The aspiring organizations have recognized that Intellectual Capital Efficiency is important in promoting the performance of financial institutions. This paper tests the relationship between intellectual capital and performance using a sample of 76 financial institutions from Mainland China, Hong Kong, and Taiwan over the period 2006–2016. The results show that intellectual capital efficiency has a significant and positive impact on the profitability of financial institutions, while human capital and structural capital are not significantly related to the performance of financial institutions in Taiwan and Hong Kong. The present research extends the knowledge of intellectual capital between managers, academicians, and highlights its contribution to the value creation. These results determine that the financial institutions need to emphasize on the elements of intellectual capital, to enhance the best financial performances in these countries.

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Intellectual capital and financial performance: A study of the Turkish Banking Sector

Cited by 292 publications

References 36 publications

Intellectual Capital, Profitability, and Productivity: Evidence from Pakistani Financial Institutions

Intellectual Capital, Profitability, and Productivity: Evidence from Pakistani Financial Institutions

Islamic Corporate Governance Dan Kinerja Keuangan Unit Usaha Syariah (UUS) Periode 2013-2017

Intellectual capital performance in the financial sector: Evidence from China, Hong Kong, and Taiwan

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