Title: Designing intellectual capital and capital structure for financial performance and firm value

Authors: Muchlis Muchlis; Made Setini; Nur Fadjrih Asyik; Mochamad Mochklas; Ni Ketut Adi Mekarsari

Addresses: Department of Accounting, University of Muhammadiyah Surabaya, Surabaya, Indonesia ' Faculty of Economics and Business, Warmadewa University, Denpasar, Bali, Indonesia ' Department of Accounting, Indonesia School of Economics (STIESIA), Surabaya, Indonesia ' Department of Management, University of Muhammadiyah Surabaya, Surabaya, Indonesia ' Faculty Management Study Program, Faculty of Economics, Panji Sakti University, Buleleng, Indonesia

Abstract: The purpose of this study was to ascertain the effect of a firm's capital components on its performance, including supply chain design, intellectual capital, and capital structure, which increases firm value between 2020 and 2023. A total of 385 were used as test objects from findings in the field by grouping 65 samples. It can be concluded that the findings are that intellectual and structural capital is an important factor in creating company performance and providing value creation for the company; this is a good issue for investors. Since investors recognised the importance of skilled human resources capable of successfully managing the business and establishing positive relationships with external parties, financial performance has not been shown to mediate the effect of intellectual capital on creating firm value. Simultaneously, capital from the structure impacts the company and company value directly and through the mediation of the company's financial performance. The important issue of structural capital is the level of security of trading capital, which is important for prospective investors.

Keywords: structural capital; intellectual capital; financial performance; company value; skill human resources; value added intellectual coefficient.

DOI: 10.1504/IJEV.2024.140386

International Journal of Entrepreneurial Venturing, 2024 Vol.16 No.2, pp.141 - 172

Accepted: 19 Mar 2024
Published online: 06 Aug 2024 *

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