Published: 2025-06-01
The Impact of Intellectual Capital on Company Value as Mediated by Financial Performance in Technology Companies in Indonesia, Malaysia, and Thailand
DOI: 10.35870/jemsi.v11i3.4855
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Abstract
In recent years, technology has become an industry that is growing very rapidly. The development trend of the technology industry has valuations that are experiencing very high growth. Using technology, several companies have succeeded in achieving profits and achieving significant growth. This research aims to test and analyze the influence of Relational Capital, Human Capital and Structural Capital on Company Value which is mediated by Financial Performance. This research uses quantitative methods that are casual in nature. The population obtained consisted of 42 technology companies in Thailand, 61 technology companies in Malaysia, and 42 technology companies in Indonesia. The sample selection used purposive sampling, namely all companies in the technology sector that reported financial reports for five years within a 3 year period. The research results show that in Malaysia, ROA does not mediate significantly on STVA and MtBV, VACA and MtBV, and VAHU and MtBV. In Thailand, ROA does not mediate significantly on STVA and MtBV, VACA and MtBV, and VAHU and MtBV. In Indonesia, ROA does not mediate significantly on STVA and MtBV, VACA and MtBV, and VAHU and MtBV.
Keywords
Intellectual Capital ; Indonesia ; Malaysia ; Financial Performance ; Thailand
Article Information
This article has been peer-reviewed and published in the JEMSI (Jurnal Ekonomi, Manajemen, dan Akuntansi). The content is available under the terms of the Creative Commons Attribution 4.0 International License.
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Issue: Vol. 11 No. 3 (2025)
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Section: Articles
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Published: %750 %e, %2025
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License: CC BY 4.0
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Copyright: © 2025 Authors
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DOI: 10.35870/jemsi.v11i3.4855
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Samuel Mikhaya
Faculty of Economics and Business, University Terbuka.
Julia Safitri
Faculty of Economics and Business, University Terbuka.
Ceacilia Srimindarti
Faculty of Economics and Business, University Terbuka.
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