The Effect of Intellectual Capital and Good Corporate Governance on Company Value Mediated by Competitive Advantage

Abstract

This study examines the effect of the relationship between intellectual capital, good corporate governance, and firm value by using competitive advantage as mediation. Design/methodology/approach : This study uses a sample of companies registered in CGPI during the 2014-2018 period. Data analysis using regression and path analysis.Research findings : The research results show that the creation of a competitive advantage is inseparable from the role of intellectual capital and good corporate governance. In addition, competitive advantage is able to increase firm value but unfortunately it is not able to mediate company value.Theoretical contribution/ Originality : This study uses M-VAIC to measure intellectual capital where in this measurement there is additional relational capital, and the use of competitive advantage as a mediating variable.Practitioner/Policy implication : This study proves the resourced-based theory which states that a company can win the competition by having a competitive advantage so that in the end it can increase firm value.Research limitation/Implication: This study only includes CGPI listed companies as the research sample. In addition, the independent variables used are limited to intellectual capital and good corporate governance. Keywords: intellectual capital, good corporate governance, competitive advantage, company value

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“…Empirical support from previous studies, including Nginyo et al (2018) and Roos et al (2021), further corroborates the positive impact of Green Banking on Company Value. These studies underscore the importance of environmentally friendly practices in driving financial performance and enhancing stakeholder perceptions.…”

“…Green Banking Disclosure instils confidence in the public to participate as potential customers in the company, thus enhancing the performance of banking companies and followed by an increase in company value (Karyani & Obrien, 2020;Winarto et al, 2021). Based on the existing issues and previous research, the second hypothesis for this study is: H2: Green Banking has a significant impact on Company Value According to Bruno & Claessens (2010), the focus of implementing corporate governance goes beyond mere legal obligations or compliance; it is a necessity driven not solely by legal compliance but also by the understanding that comprehensive corporate governance implementation significantly impacts company performance (Roos et al, 2021). This study measures Corporate Governance using three indicators: board size, independent commissioners, and ownership structure (Asni, 2022).…”

Analisis Pengaruh Intellectual Capital, Good Corporate Governance dan Competitive Advantage Terhadap Company Value Pada PT Bukit Asam Tbk Tahun 2016-2021

“…Faktor potensial pertama yang diyakini dapat mencapai nilai perusahaan yang tinggi yakni Intellectual Capitaldimana menurut Ana et al, (2021)…”

“…Andes et al, (2020) mengungkapkan bahwa adanya keunggulan bersaing memiliki peran vital dalam kelangsungan hidup perusahaan dan dalam memenangkan persaingan. Kemudian diperkuat oleh Barney (1995) dalam Ana et al, (2021), yang mengidentifikasi atribut dalam perusahaan yang dapat menjadi sumber keunggulan kompetitif, termasuk berharga, langka, tak ada bandingannya, dan terorganisir.…”

Efek Corporate Governance dalam Memoderasi Hubungan antara Funding Decision dan Dividen Policies Terhadap Nilai Perusahaan

“…(Bon and Hartoko 2022) (Ul Ain and Manping 2022) Hasil menunjukkan bahwa Dividend Policies memiliki pengaruh positif signifikan terhadap Nilai Perusahaan sedangkan (Santi Dharmastri Laksmi and Budiartha 2020) menunjukkan Dividend Policies berpengaruh negatif terhadap Nilai Perusahaan. (Hao 2022) Hasil menunjukkan bahwa Corporate Governance berpengaruh signifikan positif terhadap Nilai Perusahaan sedangkan (RoosAna, Budi Sulistiyo, and Prasetyo 2021)…”