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Journal : Jurnal Bisnis dan Kewirausahaan

APAKAH KINERJA KEUANGAN MEMEDIASI PENGARUH INTELLECTUAL CAPITAL TERHADAP REAKSI INVESTOR PADA PERUSAHAAN PERBANKAN DI INDONESIA (?) Crescentiano Agung Wicaksono; Afni Sirait; Heri Susanto
Jurnal Bisnis dan Kewirausahaan Vol 13 No 2 (2020): Jurnal Bisnis dan Kewirausahaan
Publisher : Fakultas Ekonomi - Universitas Setia Budi

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (527.378 KB) | DOI: 10.31001/jbk.v13i2.1122

Abstract

Intellectual capital is vital for companies to improve competitiveness. Company stakeholders are starting to realize that intellectual capital is one of the intangible assets that need to be managed properly because it helps companies compete. This study aims to examine financial performance in mediating the effect of intellectual capital on investor reaction. Financial performance is measured using a return on assets, intellectual capital as an independent variable is measured using value-added Intellectual capital (VAICTM) which consists of three components, namely: human capital, structural capital, and relational capital, while investor reactions are measured using abnormal returns. The object of research is the banking sector companies listed on the Indonesia Stock Exchange (IDX) in 2016-2018 by the determined purposive sampling. This study uses Structural Equation Modeling (SEM) for data analysis and hypothesis testing, and uses the WarpPLS version 7.0 software to process data. Based on the test results, several conclusions: (a) Intellectual has a positive and significant effect on investor reaction, (b) Intellectual capital has a positive and significant effect on financial performance, (c) financial performance has a positive and significant effect on investor reaction, and (d) financial performance can fully mediate the effect of Intellectual capital on investor reactions.
Mekanisme Monitoring, Bonding Dan Ukuran Perusahaan Pada Kinerja Perusahaan Riskin Hidayat; Rosita Rosita; Heri Susanto; Ida Ayu Kade Rachmawati
Jurnal Bisnis dan Kewirausahaan Vol 16 No 1 (2023): Jurnal Bisnis dan Kewirausahaan
Publisher : Fakultas Ekonomi - Universitas Setia Budi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31001/jbk.v16i1.2081

Abstract

This research aims to examine the influence of bonding and monitoring mechanisms, as well as firm size, on firm performance across various industries listed on the Indonesia Stock Exchange. The study population consists of 45 companies from diverse industries. The research sample was obtained using purposive sampling, resulting in a sample of 14 companies. The findings of the study indicate that institutional ownership and debt have a significant positive effect on firm financial performance. However, firm size does not have a significant negative impact on firm performance. In this context, bonding and monitoring mechanisms, as well as institutional ownership and debt levels, play a crucial role in enhancing the financial performance of companies in the Indonesian Stock Exchange. These findings provide insights for managers and stakeholders to consider appropriate ownership strategies and debt structures to improve firm performance. Furthermore, firm size is not considered a critical factor influencing firm performance in the context of this research.