The Effects of Intellectual Capital and Financial Leverage as a Strategy to Improve Financial Performance

Abstract

The purpose of this study was to determine the role of intellectual capital and financial leverage as a strategy to improve corporate financial performance. This study uses a quantitative approach. The object of this research is retail companies listed on the Indonesia Stock Exchange. The research sampling technique used purposive sampling. This type of data uses quantitative data and secondary data sources. Data collection techniques using documentation. Data analysis techniques using the classic assumption test and multiple regression analysis with the help of SPSS version 20. The analysis shows that intellectual capital and financial leverage affect the financial performance of retail companies on the Indonesia Stock Exchange.

Pengaruh Intellectual Capital Dan Implementasi Good Corporate Governance Terhadap Peningkatan Kinerja Keuangan

“…Penelitian Fitriyah et al (2021) dan Raharjo et al (2022) mengindikasikan bahwasanya intellectual capital memiliki dampak pada kinerja keuangan, sedangkan penelitian Farihah & Setiawan (2020) dan Hermawan et al (2021) mengindikasikan modal intelektual berdampak negatif pada kinerja keuangan. Modal intelektual memebrikan dampak kepada kinerja keuangan perusahaan jika ditangani dengan tepat dan efisien sehingga sumber daya berbasis pengetahuan dapat terwujud (Fitriyah et al, 2021).…”

“…PenelitianSaputra et al (2018),Nugroho & Gudono (2018),Fitriyah et al (2021) danRaharjo et al (2022) mengemukakan modal intelektual memengaruhi kinerja keuangan. Jika intellectual capital ditangani secara tepat dan efisien, sumber daya berbasis pengetahuan dapat direalisasikan yang kan berpengaruh pada kinerja keuangan.…”