Intellectual Capital, Ownership Structure and Leverage on Financial Performance: Evidence from Financial Sector Listed on the IDX
DOI:
https://doi.org/10.47080/qttr4k44Keywords:
Intellectual Capital, Ownership Structure, Leverage, Financial PerformanceAbstract
This study aims to analyze the influence of intellectual capital, ownership structure, and leverage on financial performance in financial sector companies listed on the Indonesia Stock Exchange (IDX) during the 2019–2023 period. This study used a quantitative approach with a panel data regression analysis technique on 18 companies during five years of observation, resulting in 90 observations. The results of the study show that intellectual capital and managerial ownership have a significant effect on financial performance, while institutional ownership and leverage do not have a significant effect. These findings support signal theory and resource-based theories that explain the importance of internal resource management and ownership structures in improving financial performance.
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