Tia Rizna Pratiwi


This study aimed to examine the effect of intellectual capital and corporate governance on the performance of banks in Indonesia. Intellectual capital is measured using the Value Added Intellectual Coefficient (VAIC), while corporate governance is measured using a composite score of self-assessment of banking corporate governance. The results of this study indicate that VACA and VAHU make positive effect on the performance of banks in Indonesia, which is proxied by the ROA and ROE. However, corporate governance is not proven to have a significant influence on the performance of banks in Indonesia. In addition, this study also conducts tests for each type of bank. The results show that the Islamic banking VACA proved to have a greater impact on ROE of banking.


Intellectual capital; Corporate governance; VAIC; VACA; VAHU; STVA; Banking; Sharia; Conventional

Full Text:



Bank Indonesia. (2006). Peraturan Bank Indonesia Nomor 8/4/PBI/2006 tentang pelaksanaan Good Corporate Governance bagi Bank Umum. Jakarta: BI

Bank Indonesia. (2007).Surat Edaran No. 9/12/DPNP tanggal 30 Mei 2007. Jakarta: BI.

BankIndonesia. 2009). Peraturan Bank Indonesia Nomor11/33/PBI/2009 tanggal7 Desember 2009 tentang Pelaksanaan Good Corporate Governance Bagi Bank Umum Syariah dan Unit Usaha Syariah.Jakarta: BI. Bank Indonesia. (2013).Booklet PerbankanIndonesia Volume10 ISSN1858-4233. Jakarta: BI.

Bank Indonesia. (2012).KajianModel BisnisPerbankanSyariah. Direktorat Perbankan Syariah.. Jakarta: BI.

Bontis,N.,Keow,W.C.C.,&Richardson,S.(2000). Intellectual capital and business performance in Malaysian industries. Journal of Intellectual Capital, 1, 85-100.

Demirag,Istemi,Sudarsanam,S.,&Wright,M.(2000). Corporate governance:Overview and research agenda. British Accounting Review, 32 , 341-354.

Edvinsson,L.&Malone,M.S.(1997).Intellectual capital:Realizing your company’s true value by finding it shidden brain power. NewYork: Harper Business.

Firer, S., &William, S.M. (2003). Intellectual capital and traditional measures of corporate performance. Journal of Intellectual Capital,4,348-360.

Firer,S.,&Stainbank, L. (2003). Testing the relationship between intellectual capital and company’s performance:Evidence from South Africa. Meditari Accountancy Research,11,25-44.

Keasey,K.,&Wright,M.(1993).Issues in corporate accountability and governance:an editorial. Accounting and Business Research, 23(91A), 291-303.

Latif M.,Malik S.,& Aslam S., (2012). Intellectual capital efficiency and corporate performance in developing countries: A comparison between Islamic and conventional banks of Pakistan. Interdisciplinary Journal Of Contemporary Research In Business, 4(1), 405-420.

Mavridis,D.G. (2004). The intellectual capital performance of the Japanese banking sector. Journal of Intellectual Capital,5 (3),92-115.

Mavridis,D.G.,& Kyrmizoglou,P.(2005). Intellectual capital performance drivers in Ming-Chin,C., Shu-Ju,C.,&Yuhchang, H.(2005). An empirical investigation of the relationship between intellectual capital and firms’ market value and financial performance.Journal of Intellectual Capital, 6(2), 159-176.

OECD. (2008). Intellectual assets and value creation–Synthesis Report, Paris.

Pulic,A.(1998). Measuring the performance of intellectual potential in knowledge economy. Paper presented at the 2nd McMaster Word Congress on Measuring and Managing Intellectual Capital by the Austrian Team for Intellectual Potential.

Pulic,A. (2004).Intellectual capital-Does it createor destroy value? Measuring Business Excellence, 8(1), 62-68.

Pulic, A. (2005).Basic information on VAIC.

Rehman,R., &Mangla, I. U. (2010). Corporate governanceand performance of financial institutions in Pakistan:A comparison between conventional and islamic banks in Pakistan. The Pakistan Development Review, 49, 461-475.

Rehman, R.,& Mangla,I.U.(2012). Does corporate governance influence banking performance?. Journal of Leadership, Accountability and Ethics, 9(3),86-92.

Rehman,R.,Rehman,H.,&Usman,M.(2012) A link of intellectual capital performance with corporate performance: Comparative study from banking sector in Pakistan. International Journal of Business and Social Science, 3(12), 313-321.

Riahi-Belkaoiu,A. (2003). Intellectual capital and firm performanceof US multinational firms: a study of theresource-based and stakeholder views.Journal of Intellectual Capital, 4(2), 215-226.

Shleifer, A.,&Vishny, R. W. (1997). Asurvey of corporate governance.Journal of Finance,52, 737-783.

Siamat,Dahlan. (2004). “Manajemen Lembaga Keuangan Edisi Keempat”. Jakarta: Lembaga Penerbit Fakultas Ekonomi Universitas Indonesia.

Syaipudin, U.(2010). Pengaruh intellectual capital terhadap kinerja perusahaan.[tesis]. Depok: Program Pasca Sarjana Akuntansi, Universitas Indonesia.

Tan,H.P., Plowman,D., Hancock,P.(2007).“Intellectual capital and financial returns of companies. Journal of Intellectual Capital, 8(1), 76-95.

Turnbull, S. (1997).Corporate Governance:An International Review. Blackwell Publisher Ltd. Vol.5, 180-205.

Ulum, I.(2007). Pengaruh intellectual capital terhadap kinerja keuangan perusahaan perbankan di Indonesia. [tesis]. Depok: Program Studi Magister Sains Akuntansi,Universitas Diponegoro. Ulum,I. (2009).Intellectual Capital, konsep, dan kajian empiris. Yogyakarta: Graha Ilmu.

Watts, R. L.,& Zimmerman, J. L. (1986). Positive accounting theory. Englewood Cliffs, NJ : PrenticeHall.

Yulianti. (2009). Pengaruh penerapan GCG terhadap kinerja perbankan yang terdaftar di BEI. Jurnal Akuntabilitas,2(2).


  • There are currently no refbacks.

International Conference On Law, Business and Governance (ICon-LBG)
Bandar Lampung University
ISSN: 2339-1650