Performance of Indonesian and Malaysia State-Owned Banks: An Intellectual Capital Perspective Using the MVAIC Model
Keywords:
Intellectual Capital, MVAIC, State-Owned Banks, Indonesia, Malaysia, Financial PerformanceAbstract
This study examines the performance of state-owned banks in Indonesia and Malaysia from an Intellectual Capital perspective using the Modified Value Added Intellectual Coefficient (MVAIC) model. This research employs a quantitative approach with annual data from 2015 to 2021 obtained from the banks' annual reports. Hypothesis testing is conducted through multiple linear regression to determine the impact of Intellectual Capital on banks' financial performance. Intellectual Capital is measured through three main components: human capital, structural capital, and relational capital. The findings indicate that human capital has a significant impact on Return on Assets (ROA) in both countries, while structural capital has a more substantial influence on banks in Malaysia. On the other hand, relational capital does not show a significant effect in Indonesia but contributes positively to financial performance in Malaysia. This study provides new insights into the importance of investing in intellectual capital in the banking sector and proposes several recommendations for bank management to optimize intellectual resources to enhance financial performance.
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