Intellectual Capital Toward Market Performance: Profitability as a Mediating and Maqashid Sharia as a Moderating Variable
Research aims: This study aims to determine the effect of intellectual capital on market performance with profitability as a mediating variable and the Maqashid Sharia Index (MSI) as a moderating variable in an empirical study of Indonesian Islamic banks. Design/Methodology/Approach: This research u...
| Main Authors: | , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Universitas Muhammadiyah Yogyakarta
2022-10-01
|
| Series: | Journal of Accounting and Investment |
| Subjects: | |
| Online Access: | https://journal.umy.ac.id/index.php/ai/article/view/12893 |
| _version_ | 1797961298470764544 |
|---|---|
| author | Widyantono Arif Amiruddin Amiruddin Darmawati Darmawati Muhammad Irdam Ferdiansah |
| author_facet | Widyantono Arif Amiruddin Amiruddin Darmawati Darmawati Muhammad Irdam Ferdiansah |
| author_sort | Widyantono Arif |
| collection | DOAJ |
| description | Research aims: This study aims to determine the effect of intellectual capital on market performance with profitability as a mediating variable and the Maqashid Sharia Index (MSI) as a moderating variable in an empirical study of Indonesian Islamic banks.
Design/Methodology/Approach: This research utilized descriptive quantitative and explanatory methods to explain the relationship between variables. The research population covered all Islamic commercial banks registered with Bank Indonesia (BI), totaling 14. Purposive sampling was applied to determine the research sample. This study employed both primary and secondary data sourced from the government’s published documents, comprising the annual reports and the financial statements of Islamic commercial banks from 2017 to 2019. Path analysis and Moderated Regression Analysis (MRA) were run to analyze the data.
Research findings: In conclusion, all variables had a positive and significant relationship. The mediating variable significantly impacted the dependent variable, and the moderating variable also influenced the relationship between intellectual capital and market performance.
Theoretical contribution/Originality: Well-managed intellectual capital could produce work efficiency, affecting the quality of individual performance and directly impacting company performance. Good profitability in the company could foster a high level of trust in investors, affecting the provision of capital and improving company performance. Maqashid sharia is crucial in making decisions, especially for Islamic banks; efficient decisions could improve company performance. |
| first_indexed | 2024-04-11T00:56:48Z |
| format | Article |
| id | doaj.art-ade01d437ab243538cbb3833670f68b6 |
| institution | Directory Open Access Journal |
| issn | 2622-3899 2622-6413 |
| language | English |
| last_indexed | 2024-04-11T00:56:48Z |
| publishDate | 2022-10-01 |
| publisher | Universitas Muhammadiyah Yogyakarta |
| record_format | Article |
| series | Journal of Accounting and Investment |
| spelling | doaj.art-ade01d437ab243538cbb3833670f68b62023-01-05T02:53:53ZengUniversitas Muhammadiyah YogyakartaJournal of Accounting and Investment2622-38992622-64132022-10-01241506310.18196/jai.v24i1.128936215Intellectual Capital Toward Market Performance: Profitability as a Mediating and Maqashid Sharia as a Moderating VariableWidyantono Arif0Amiruddin Amiruddin1Darmawati Darmawati2Muhammad Irdam Ferdiansah3Department of Accounting, Faculty of Economics and Business, Universitas Hasanuddin, South SulawesiDepartment of Accounting, Faculty of Economics and Business, Universitas Hasanuddin, South SulawesiDepartment of Accounting, Faculty of Economics and Business, Universitas Hasanuddin, South SulawesiDepartment of Accounting, Faculty of Economics and Business, Universitas Hasanuddin, South SulawesiResearch aims: This study aims to determine the effect of intellectual capital on market performance with profitability as a mediating variable and the Maqashid Sharia Index (MSI) as a moderating variable in an empirical study of Indonesian Islamic banks. Design/Methodology/Approach: This research utilized descriptive quantitative and explanatory methods to explain the relationship between variables. The research population covered all Islamic commercial banks registered with Bank Indonesia (BI), totaling 14. Purposive sampling was applied to determine the research sample. This study employed both primary and secondary data sourced from the government’s published documents, comprising the annual reports and the financial statements of Islamic commercial banks from 2017 to 2019. Path analysis and Moderated Regression Analysis (MRA) were run to analyze the data. Research findings: In conclusion, all variables had a positive and significant relationship. The mediating variable significantly impacted the dependent variable, and the moderating variable also influenced the relationship between intellectual capital and market performance. Theoretical contribution/Originality: Well-managed intellectual capital could produce work efficiency, affecting the quality of individual performance and directly impacting company performance. Good profitability in the company could foster a high level of trust in investors, affecting the provision of capital and improving company performance. Maqashid sharia is crucial in making decisions, especially for Islamic banks; efficient decisions could improve company performance.https://journal.umy.ac.id/index.php/ai/article/view/12893intellectual capitalmarket performanceprofitabilitymaqashid sharia index |
| spellingShingle | Widyantono Arif Amiruddin Amiruddin Darmawati Darmawati Muhammad Irdam Ferdiansah Intellectual Capital Toward Market Performance: Profitability as a Mediating and Maqashid Sharia as a Moderating Variable Journal of Accounting and Investment intellectual capital market performance profitability maqashid sharia index |
| title | Intellectual Capital Toward Market Performance: Profitability as a Mediating and Maqashid Sharia as a Moderating Variable |
| title_full | Intellectual Capital Toward Market Performance: Profitability as a Mediating and Maqashid Sharia as a Moderating Variable |
| title_fullStr | Intellectual Capital Toward Market Performance: Profitability as a Mediating and Maqashid Sharia as a Moderating Variable |
| title_full_unstemmed | Intellectual Capital Toward Market Performance: Profitability as a Mediating and Maqashid Sharia as a Moderating Variable |
| title_short | Intellectual Capital Toward Market Performance: Profitability as a Mediating and Maqashid Sharia as a Moderating Variable |
| title_sort | intellectual capital toward market performance profitability as a mediating and maqashid sharia as a moderating variable |
| topic | intellectual capital market performance profitability maqashid sharia index |
| url | https://journal.umy.ac.id/index.php/ai/article/view/12893 |
| work_keys_str_mv | AT widyantonoarif intellectualcapitaltowardmarketperformanceprofitabilityasamediatingandmaqashidshariaasamoderatingvariable AT amiruddinamiruddin intellectualcapitaltowardmarketperformanceprofitabilityasamediatingandmaqashidshariaasamoderatingvariable AT darmawatidarmawati intellectualcapitaltowardmarketperformanceprofitabilityasamediatingandmaqashidshariaasamoderatingvariable AT muhammadirdamferdiansah intellectualcapitaltowardmarketperformanceprofitabilityasamediatingandmaqashidshariaasamoderatingvariable |