Analyzing the connection between management skill, intangible asset, intellectual capital, and firm performance; An empirical study in Indonesia

• Autores: Variyetmi Wira, Niki Lukviarman, Rida Rahim, Efa Yonnedi
• Localización: Contaduría y administración, ISSN 0186-1042, ISSN-e 2448-8410, Vol. 70, Nº. 4, 2025, págs. 1-27
• Idioma: español
• Títulos paralelos:
  • Análisis de la relación entre las habilidades de gestión, los activos intangibles, el capital intelectual y el desempeño de la empresa; un estudio empírico en Indonesia
• Enlaces
  • Texto completo (pdf)
• Resumen
  • español

    This research investigates the relationship between management skills, intangible assets, intellectual capital, and company performance in Indonesia. Indonesia needs its resources to function as a corporation and provide competitive advantages for companies because it is a developing country. These resources include management capabilities, intangible assets, and intellectual capital. Therefore, the methods ROA, ROE, and NPM are used in this research to measure the company's success. Based on panel data analysis, managerial ability dramatically influences the increase in ROA. Further research reveals that management talent and intellectual capacity significantly impact NPM. This finding is slightly different from previous research, which showed the negative impact of intellectual capital on NPM. That suggests that managers in Indonesia should do this in order to develop

  • English

    Esta investigación investiga la relación entre las habilidades de gestión, los activos intangibles, el capital intelectual y el desempeño de las empresas en Indonesia. Indonesia necesita sus recursos para funcionar como una corporación y brindar ventajas competitivas a las empresas porque es un país en desarrollo.

    Estos recursos incluyen capacidades de gestión, activos intangibles y capital intelectual. Por lo tanto, en esta investigación se utilizan los métodos ROA, ROE y NPM para medir el éxito de la empresa. Según el análisis de datos de panel, la capacidad de gestión influye drásticamente en el aumento del ROA.

    Investigaciones adicionales revelan que el talento gerencial y la capacidad intelectual impactan significativamente en la NGP. Este hallazgo es ligeramente diferente de investigaciones anteriores, que mostraron el impacto negativo del capital intelectual en la NGP. Esto sugiere que los directivos en Indonesia deberían hacer esto para poder desarrollarse.

• Referencias bibliográficas
  • Ahmed, S. S., Guozhu, J., Mubarik, S., Khan, M., & Khan, E. (2020). Intellectual Capital and Business Performance: The Role of Dimensions...
  • Andreou, P. C., Karasamani, I., Louca, C., & Ehrlich, D. (2017). The impact of managerial ability on crisis-period corporate investment....
  • Barney, J. B. (1986). Organizational Culture: Can It Be a Source of Sustained Competitive Advantage? The Academy of Management Review, 11(3),...
  • Barney, J. B. (1991). Firm Resources and Sustained Competitive Advantage. Journal of Management, 17(1), 99–120.
  • Barney, J. B. (2001). Resource-Based Theories of Competitive Advantage: A Ten-Year Retrospective on The Resource-Based View. Journal of Management,...
  • Bayraktaroglu, A. E., Calisir, F., & Baskak, M. (2019). Intellectual capital and firm performance: an extended VAIC model. Journal of...
  • Bazan, P., & Estevez, E. (2022). Industry 4.0 and business process management: state of the art and new challenges. Business Process Management...
  • Chan, K. H. (2009). Impact of intellectual capital on organisational performance: An empirical study of companies in the Hang Seng Index (Part...
  • Chen, H. L. (2021). Impact of industry 4.0 on corporate financial performance: a moderated mediation model. Sustainability (Switzerland),...
  • Cheng, T. Y., Li, Y. Q., Lin, Y. E., & Chih, H. H. (2020). Does the fit of managerial ability with firm strategy matters on firm performance....
  • Chowdhury, L. A. M., Rana, T., Akter, M., & Hoque, M. (2018). Impact of intellectual capital on financial performance: evidence from the...
  • Coudounaris, D. N., Orero-Blat, M., & Rodríguez-García, M. (2020). Three decades of subsidiary exits: Parent firm financial performance...
  • Demerjian, P., Lev, B., & McVay, S. (2011). Quantifying Managerial Ability : A New Measure and Validity Tests. Management Science, 58(7),...
  • Demerjian, P. R., Lev, B. I., & McVay, S. E. (2011). Quantifying Managerial Ability: A New Measure and Validity Tests. SSRN Electronic...
  • Demerjian, P. R., Lev, B., Lewis, M. F., & McVay, S. E. (2013). Managerial ability and earnings quality. Accounting Review, 88(2), 463–498....
  • Durand, C., & Milberg, W. (2020). Intellectual monopoly in global value chains. Review of International Political Economy, 27(2), 404–429....
  • Garanina, T., & Pavlova, Y. (2011). Intangible Asset and Value Creation of a Company: Russian and UK Evidence. Proceedings of the 3rd...
  • Ghasemaghaei, M., Ebrahimi, S., & Hassanein, K. (2018). Data analytics competency for improving firm decision making performance. Journal...
  • Gupta, K., & Raman, T. V. (2021). Intellectual capital: a determinant of firms’ operational efficiency. outh Asian Journal of Business...
  • Haseeb, M., Hussain, H. I., Kot, S., Androniceanu, A., & Jermsittiparsert, K. (2019). Role of social and technological challenges in achieving...
  • Horne, J. C. Van. (2002). Financial Management and Policy. In Prentice Hall. https://doi.org/10.2307/2325369
  • Ionita, C., & Dinu, E. (2021). The Effect of Intangible Assets on Sustainable Growth and Firm Value – Evidence on Intellectual Capital...
  • Isola, W. A., Adeleye, B. N., & Olohunlana, A. O. (2020). Boardroom female participation, intellectual capital efficiency and firm performance...
  • Jebran, K., & Chen, S. (2022). Corporate policies and outcomes during the COVID-19 crisis: Does managerial ability matter? Pacific Basin...
  • Kagermann, H., Wahlster, W., & Helbig, J. (2013). Recommendations for Implementing the Strategic Initiative Industrie 4.0. April.
  • Kauppila, O. P. (2015). Alliance Management Capability and Firm Performance: Using Resource-based Theory to Look Inside the Process Black...
  • Kedron, M. (2020). Goodwill and its effect on share price of manufacturing and nonmanufacturing companies. Acta Universitatis Agriculturae...
  • Lee, J., & Shim, E. (1995). Moderating effects of R&D on corporate growth in U.S. and Japanese hi-tech industries: An empirical study....
  • LentjuÅ¡enkova, O., & Lapina, I. (2016). The transformation of the organization’s intellectual capital: from resource to capital. Journal...
  • Lindblad, J. T. (2015). Foreign Direct Investment in Indonesia: Fifty Years of Discourse. Bulletin of Indonesian Economic Studies, 51(2),...
  • Milala, S. I., Ariffin, K. M., Kasim, R., Yassin, A. M., Ishak, M. H., & Kasim, N. (2021). Intangible Asset Key Driver for Company’s Performance:...
  • Mohammad, H. S., & Bujang, I. (2019). Does intellectual capital influence firms’ financial performance? A comparative analysis into three...
  • Mohammed, Z. O., & Ani, M. K. Al. (2020). The effect of intangible assets, financial performance and financial policies on the firm value:...
  • Morbey, G. K., Reithner, R. M., Morbey, G. K., R, R. M. R. H., & Sales, D. A. (2017). How R & D Affects Sales Growth , Productivity...
  • Moreno, D., & Petrakis, E. (2022). The impact on market outcomes of the portfolio selection of large equity investors. Economics Letters,...
  • Muwardi, D., Saide, S., Eko Indrajit, R., Iqbal, M., Siti Astuti, E., & Herzavina, H. (2020). Intangible resources and institution performance:...
  • Nazari, J. A., & Herremans, I. M. (2007). Extended VAIC model: Measuring intellectual capital components. Journal of Intellectual Capital,...
  • Park, W., & Byun, C. G. (2021). Effect of sme’s managerial ability and executive compensation on firm value. Sustainability (Switzerland),...
  • Porter, M. E. (1991). Towards A Dinamic Theory of Strategy. Strategic Management Journal, 12, 95– 117.
  • Prakosa, B. G., Guritno, D. C., Anindita, T., Kurniawan, M., & Nugroho, A. C. (2024). Correlation among components of the Indonesian industry...
  • Pulic, A. (1998). Measuring the performance of intellectual potential in the knowledge economy. The 2nd" World Congress on the Management...
  • Putra, A. A., Mela, N. F., & Putra, F. (2021). Managerial Ability and Real Earnings Management in Family Firms. CORPORATE GOVERNANCE,...
  • Rahman, M. M., & Howlader, M. S. (2022). The impact of research and development expenditure on firm performance and firm value: evidence...
  • Rajabalizadeh, J., & Oradi, J. (2022). Managerial ability and intellectual capital disclosure. Asian Review of Accounting, 30(1), 59–76....
  • Rajapathirana, R. P. J., & Hui, Y. (2018). Relationship between innovation capability, innovation type, and firm performance. Journal...
  • Salehi, M., Ahmadzadeh, S., & Irvani Qale Sorkh, F. (2022). The impact of intellectual capital and related party transactions on contractual...
  • Salim, N., Ab Rahman, M. N., & Abd Wahab, D. (2019). A systematic literature review of internal capabilities for enhancing eco-innovation...
  • Sardo, F., & Serrasqueiro, Z. (2018). Intellectual capital, growth opportunities, and financial performance in European firms: Dynamic...
  • Scafarto, V., Ricci, F., & Scafarto, F. (2016). Intellectual capital and firm performance in the global agribusiness industry: The moderating...
  • Seo, H. S., & Kim, Y. (2020). Intangible assets investment and firms’ performance: Evidence from small and medium-sized enterprises in...
  • Shahzad, F., Baig, M. H., Rehman, I. U., Saeed, A., & Asim, G. A. (2022). Does intellectual capital efficiency explain corporate social...
  • Simamora, A. J. (2022). Crime Rate, Real Earnings Management and Managerial Ability. CORPORATE GOVERNANCE, 22(2), 405–423. https://doi.org/10.1108/CG-02-2021-0079
  • Soedarmono, W., Trinugroho, I., & Sergi, B. S. (2019). Thresholds in the nexus between financial deepening and firm performance: Evidence...
  • Soetanto, T., & Liem, P. F. (2019). Intellectual capital in Indonesia: dynamic panel approach. Journal of Asia Business Studies, 13(2),...
  • Soewarno, N., & Tjahjadi, B. (2020). Measures that matter: an empirical investigation of intellectual capital and financial performance...
  • Tahat, Y. A., Ahmed, A. H., & Alhadab, M. M. (2018). The impact of intangibles on firms’ financial and market performance: UK evidence....
  • Ting, I. W. K., Tebourbi, I., Lu, W. M., & Kweh, Q. L. (2021). The Effects of Managerial Ability on Firm Performance and The Mediating...
  • Torres, A. I., Ferraz, S. S., & Santos-Rodrigues, H. (2018). The impact of knowledge management factors in organizational sustainable...
  • Ulum, Ihyaul, Kharismawati, N., & Syam, D. (2017). Modified value-added intellectual coefficient ( MVAIC ) and traditional financial performance...
  • Vanacker, T., Zahra, S. A., & Holmes, R. M. (2021). Corporate entrepreneurship, country institutions and firm financial performance. Journal...
  • Vo, D. H., & Tran, N. P. (2021). Intellectual capital and bank performance in Vietnam. Managerial Finance, 47(8), 1094–1106. https://doi.org/10.1108/MF-03-2020-0143
  • Weqar, F., & Haque, S. M. I. (2020). Intellectual Capital and Corporate Financial Performance in India’s Central Public Sector Enterprises....
  • Widnyana, I. W., Wiksuana, I. G. B., Artini, L. G. S., & Sedana, I. B. P. (2021). Influence of financial architecture, intangible assets...
  • Xu, J., & Li, J. (2022). The interrelationship between intellectual capital and firm performance: evidence from China’s manufacturing...
  • Xu, J., Shang, Y., Yu, W., & Liu, F. (2019). Intellectual capital, technological innovation and firm performance: Evidence from China’s...
  • Yan, B., & Thewissen, J. (2021). Does managerial ability affect disclosure ? Evidence from earnings press releases. Asian Review of...
  • Yang, K. P., Chiao, Y. C., & Kuo, C. C. (2010). The relationship between R&D investment and firm profitability under a three-stage...
  • Yaseen, S. G., Dajani, D., & Hasan, Y. (2016). The impact of intellectual capital on the competitive advantage: Applied study in Jordanian...
  • Zhang, L., Yu, Q., Jin, Z., & Xu, J. (2021). Do Intellectual Capital Elements Spur Firm Performance? Evidence from the Textile and Apparel...