Research Article
The effect of intellectual capital, business strategy, and firm performance on bankruptcy risk
@INPROCEEDINGS{10.4108/eai.18-12-2023.2349525, author={Ika Pratiwi and Dian Anggraeni}, title={ The effect of intellectual capital, business strategy, and firm performance on bankruptcy risk}, proceedings={Proceedings of the 1st UHAMKA International Conference on Economics and Business, UHICEB 2023, 18-19 December 2023, Jakarta, Indonesia}, publisher={EAI}, proceedings_a={UHICEB}, year={2024}, month={11}, keywords={intellectual capital business strategy firm performance size bankruptcy risk}, doi={10.4108/eai.18-12-2023.2349525} }- Ika Pratiwi
Dian Anggraeni
Year: 2024
The effect of intellectual capital, business strategy, and firm performance on bankruptcy risk
UHICEB
EAI
DOI: 10.4108/eai.18-12-2023.2349525
Abstract
The goal of this study is to examines the effect of intellectual capital, business strategy, firm performance on bankruptcy risk of listed firms in Indonesia Stock Exchange in year 2021-2022. The data comprises firms compossed from 2021 to 2022 for the non financial sector companies listed on the BEI. There are 280 companies and 480 data that fall into the criteria based on the purposive sampling method. Multiple Regression as data analysis techniques used SPSS software (version 21.0). Porter’s strategies is used to measure business strategy in this reasearch. Independent variable be composed of intellectual capital, business strategy consisting of cost leadership, differentiation strategy, and ROA. Bankruptcy risk is dependent variable, and Size as control variable. The empirical results show intellectual capital (IC), strategy business (DS, CL), firm performance (ROA) and SIZE on bankruptcy risk shows that intellectual capital (IC) have no significant effect on bankruptcy risk (BR). Business strategy (BS) variable, namely in this case differentiation strategy (DS) have negative significant effect on bankruptcy risk (BR). Firm performance (ROA) variable have positif significant effect on bankruptcy risk (BR).
