Pengaruh Good Corporate Governance Dan Intellectual Capital Terhadap Financial Performance

Abstract

The purpose of this study is to empirically assess the effect of governance, which includes the board of directors, audit committee, and institutional ownership and intellectual capital on financial performance in manufacturing companies listed on the Indonesia Stock Exchange (IDX) in the 2017-2019 period. This research was conducted with 216 data samples selected by using purposive sampling technique. The data processing of this research is supported by the EVIEWS-10.0 and Microsoft Excel 2019 programs. The results obtained show that the board of directors (BOD), the audit committee (AC), and institutional ownership (IO) have no significant effect on financial performance (ROA), while capital intellectual (VAIC) has a positive influence on financial performance (ROA). The implication of this research is the need for a more significant role of corporate governance and effective and efficient intellectual capital management, so that companies can improve their financial performance.