AMAR (Andalas Management Review)
Vol 5 No 1 (2021)

The Relevance of Intellectual Capital Value in the Performance of Village-Owned Enterprises in the Tourism Sector

Yosi Mardoni (Universitas Terbuka)
Noorina Hartati (Universitas Terbuka)
Helmiatin Helmiatin (Universitas Terbuka)
Ni Wayan Marsha Satyarini (Universitas Terbuka)

Article Info

Publish Date
28 May 2021


Village-owned enterprises (BUMDes) are village economic institutions with many obstacles in their journey, especially related to their performance. The primary purposes of this study are to analyze the performance of BUMDes from the perspective of intellectual capital and spiritual capital. A quantitative method with PLS-Structural Equation Modeling (SEM) was used to analyze this research. The research data was collected using purposive sampling, deliberately taking samples of several BUMDes to spread in Java island, Sulawesi island, Sumatra island, Maluku island, Kalimantan island, to Bangka Belitung island. The samples in this study were 129 respondents from several BUMDes that business unit in tourism village. The intellectual capital elements consist of human capital, spiritual capital, customer capital, and technology capital. This study indicates that human capital, spiritual capital, customer capital, and technology capital positively affect performance. Meanwhile, organizational capital does not influence performance

Copyrights © 2021

Journal Info





Humanities Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences


AMAR (Andalas Management Review), with registered number ISSN 2548-155X (Online) and ISSN 2476-9282 (Print), is a peer-reviewed journal published twice a year (May and November) by The Management Institute, Faculty of Economics, Universitas Andalas. AMAR is intended to be the journal for publishing ...