The Influence Of Intellectual Capital On The Ability And Capital Gain Of Shares In Open Banking Companies In Indonesia

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The Influence of Intellectual Capital on the Ability and Capital Gain of Shares in Open Banking Companies in Indonesia

Introduction

In the rapidly evolving banking industry, intellectual capital has become a crucial factor in determining the success of open banking companies in Indonesia. Intellectual capital refers to the intangible assets that contribute to a company's competitive advantage, including human resources, organizational structures, and knowledge management. This study aims to investigate the effect of intellectual capital on the ability of earnings and capital gains in open banking companies in Indonesia.

Methodology

This study employed a quantitative approach, using a sample of 25 open banks in Indonesia. The independent variables used in this study were intellectual capital, measured by VaICTM, which consists of value added capital employed (VACA), value added human capital (Vahu), and structural capital value added (STVA). The dependent variables analyzed were the ratio of profitability measured by Return on Assets (ROA) and Return on Equity (ROE), and capital gains.

Results

The results of this study showed that:

  1. Simultaneous Effect of Intellectual Capital on ROA: Intellectual capital, consisting of Vaca, Vahu, and STVA, has a positive and significant impact on the Return on Assets (ROA) ratio.
  2. Partial Effect of Intellectual Capital on ROA: However, in partial testing (T test), only the Vaca and STVA variables have positive and significant influence on ROA.
  3. Simultaneous Effect of Intellectual Capital on ROE: Likewise, for the Return On Equity (ROE) ratio, simultaneously Intellectual Capital has a positive and significant influence.
  4. Partial Effect of Intellectual Capital on ROE: However, when viewed partially, only the Vaca and STVA variables show positive and significant effects on ROE.
  5. Simultaneous Effect of Intellectual Capital on Capital Gains: Finally, analysis of stock gains also shows that simultaneously the intellectual capital variable has a positive and significant impact.
  6. Partial Effect of Intellectual Capital on Capital Gains: However, when viewed partially, only the STVA variable has a positive and significant influence on the capital gains.

In-Depth Analysis

Intellectual capital plays a vital role in company success, especially in the banking sector. The three components of intellectual capital - Vaca, Vahu, and STVA - contribute to the creation of value in different ways.

  • Vaca: Vaca illustrates the efficiency of capital use, showing that banks that are able to use their assets well tend to have higher profitability. This explains why Vaca contributes significantly to ROA and ROE.
  • Vahu: Vahu reflects the contribution of human resources to the creation of values. Although the research results do not show a significant effect on Vahu on the two profitability ratios, it is essential to note that the development of human resources remains the main pillar in the bank growth strategy. Banks that invest in employee training and development tend to create an innovation culture that can increase competitiveness in the market.
  • STVA: STVA focuses on the value resulting from the organizational structure. The results showed that STVA had a positive and significant impact on ROA and ROE, as well as stock gains. This shows that investment in efficient technology and management systems is very important to create added value that supports long-term growth.

Conclusion

In conclusion, effective intellectual capital management can be a decisive strategy in increasing the profitability and value of banking company shares. Therefore, stakeholders in the banking industry in Indonesia need to pay more attention to the development and management of intellectual capital in order to strengthen their competitive position in an increasingly fierce market.

Recommendations

Based on the findings of this study, the following recommendations are made:

  1. Invest in Human Resources: Banks should invest in employee training and development to create an innovation culture that can increase competitiveness in the market.
  2. Optimize Capital Use: Banks should optimize the use of their assets to increase profitability and value.
  3. Invest in Efficient Technology and Management Systems: Banks should invest in efficient technology and management systems to create added value that supports long-term growth.
  4. Develop a Deep Understanding of Intellectual Capital: Banks should develop a deep understanding of the influence of intellectual capital on their financial performance and competitiveness.

By implementing these recommendations, open banking companies in Indonesia can improve their financial performance, provide higher value to shareholders, and increase attractiveness for investors.
Frequently Asked Questions (FAQs) on the Influence of Intellectual Capital on the Ability and Capital Gain of Shares in Open Banking Companies in Indonesia

Q: What is intellectual capital, and how does it affect the financial performance of open banking companies in Indonesia?

A: Intellectual capital refers to the intangible assets that contribute to a company's competitive advantage, including human resources, organizational structures, and knowledge management. The results of this study showed that intellectual capital has a positive and significant impact on the financial performance of open banking companies in Indonesia, including Return on Assets (ROA), Return on Equity (ROE), and capital gains.

Q: What are the three components of intellectual capital, and how do they contribute to the creation of value?

A: The three components of intellectual capital are:

  1. Vaca: Vaca illustrates the efficiency of capital use, showing that banks that are able to use their assets well tend to have higher profitability.
  2. Vahu: Vahu reflects the contribution of human resources to the creation of values, including employee training and development.
  3. STVA: STVA focuses on the value resulting from the organizational structure, including efficient technology and management systems.

Q: What is the significance of Vaca in the context of open banking companies in Indonesia?

A: Vaca is significant because it illustrates the efficiency of capital use, which is essential for open banking companies in Indonesia to achieve higher profitability and value.

Q: What is the role of Vahu in the creation of value in open banking companies in Indonesia?

A: Vahu plays a crucial role in the creation of value by reflecting the contribution of human resources to the creation of values, including employee training and development.

Q: What is the importance of STVA in the context of open banking companies in Indonesia?

A: STVA is important because it focuses on the value resulting from the organizational structure, including efficient technology and management systems, which is essential for open banking companies in Indonesia to achieve long-term growth.

Q: What are the implications of this study for open banking companies in Indonesia?

A: The implications of this study are that open banking companies in Indonesia should pay more attention to the development and management of intellectual capital to strengthen their competitive position in an increasingly fierce market.

Q: What are the recommendations for open banking companies in Indonesia based on the findings of this study?

A: The recommendations are:

  1. Invest in Human Resources: Banks should invest in employee training and development to create an innovation culture that can increase competitiveness in the market.
  2. Optimize Capital Use: Banks should optimize the use of their assets to increase profitability and value.
  3. Invest in Efficient Technology and Management Systems: Banks should invest in efficient technology and management systems to create added value that supports long-term growth.
  4. Develop a Deep Understanding of Intellectual Capital: Banks should develop a deep understanding of the influence of intellectual capital on their financial performance and competitiveness.

Q: What are the limitations of this study, and what are the areas for future research?

A: The limitations of this study are:

  1. Sample size: The sample size of 25 open banks in Indonesia may not be representative of the entire industry.
  2. Data collection: The data used in this study may not be comprehensive or up-to-date.
  3. Methodology: The use of multiple linear regression analysis may not be the most appropriate methodology for this study.

The areas for future research are:

  1. Investigating the impact of intellectual capital on other aspects of financial performance, such as liquidity and solvency.
  2. Examining the relationship between intellectual capital and other intangible assets, such as brand value and reputation.
  3. Developing a more comprehensive model of intellectual capital that includes other components, such as customer relationships and innovation.