Intellectual capital research opportunities on the sustainable growth of the MSME Industry in Indonesia

  • Ni Nengah Seri Ekayani Universitas Warmadewa, Indonesia
  • Ida Bagus Anom Purbawangsa Universitas Udayana, Indonesia
  • Luh Gede Sri Artini Universitas Udayana, Indonesia
  • Henny Rahyuda Universitas Udayana, Indonesia
Keywords: intellectual capital, sustainable growth, MSME industry

Abstract

The purpose of this paper is to briefly review the literature on intellectual capital and sustainability growth in manufacturing companies, service companies or other industries and propose research opportunities related to the role of intellectual capital in influencing sustainable growth in the Micro, Small and Medium Enterprises (MSME) industry. Two steps are involved in developing a research proposition. First, identify the characteristics of the contingent faced by each type of business. Second, match the characteristics of the contingent for each type of company with the appropriate intellectual capital based on the results of previous research. The contingent characteristics of the type of MSME business can be identified as innovation, management knowledge, competence, competitive advantage, and technological ability to be able to demonstrate sustainable growth of a business. These variables can be used and combined to improve managerial performance as the basis for sustainable growth of a business. From the various problems experienced by MSMEs, it is deemed necessary to raise the issue of the influence of intellectual capital on sustainability growth with a combination of these variables.

 

References

Abhayawansa, S., & Guthrie, J. (2010). Intellectual capital and the capital market: a review and synthesis. Journal of Human Resource Costing & Accounting, 14(3), 196–226. https://doi.org/10.1108/14013381011095472

Alipour, M. (2012). The effect of intellectual capital on firm performance: An investigation of Iran insurance companies. Measuring Business Excellence, 16(1), 53–66. https://doi.org/10.1108/13683041211204671

Alves, H., Cepeda-Carrion, I., Ortega-Gutierrez, J., & Edvardsson, B. (2021). The role of intellectual capital in fostering SD-Orientation and firm performance. Journal of Intellectual Capital, 22(1), 57– 75. https://doi.org/10.1108/JIC-11-2019-0262

Alvino, F., Di Vaio, A., Hassan, R., & Palladino, R. (2021). Intellectual capital and sustainable development: a systematic literature review. Journal of Intellectual Capital, 22(1), 76–94. https://doi.org/10.1108/JIC-11-2019-0259

Asare, N., Alhassan, A. L., Asamoah, M. E., & Ntow-Gyamfi, M. (2017). Intellectual capital and profitability in an emerging insurance market. Journal of Economic and Administrative Sciences, 33(1), 2–19. https://doi.org/10.1108/jeas-06-2016-0016

Asare, N., Laryea, M. M., Onumah, J. M., & Asamoah, M. E. (2020). Intellectual capital and asset quality in an emerging banking market. Asian Journal of Accounting Research, 6(1), 55–68. https://doi.org/10.1108/ajar-05-2020-0034

Boekestein, B. (2009). Acquisitions reveal the hidden intellectual capital of pharmaceutical companies. Journal of Intellectual Capital, 10(3), 389–400. https://doi.org/10.1108/14691930910977806

Bontis, N. (1998). Mapping the human capital management research trends using bibliometric analysis. Management Decision, 32(6), 63–76.

Bontis, N., William Chua Chong, K., & Richardson, S. (2000). Intellectual capital and business performance in Malaysian industries. Journal of Intellectual Capital, 1(1), 85–100. https://doi.org/10.1108/14691930010324188

Brennan, N., & Connell, B. (2000). Intellectual capital: Current issues and policy implications. Journal of Intellectual Capital, 1(3), 206–240. https://doi.org/10.1108/14691930010350792

Buenechea-Elberdin, M. (2017). Structured literature review about intellectual capital and innovation. Journal of Intellectual Capital, 18(2), 262–285. https://doi.org/10.1108/JIC-07-2016- 0069

Buszko, A., & Mroziewski, M. (2009). The intellectual capital impact on Polish construction companies during the transformation period. Journal of Human Resource Costing & Accounting, 13(3), 206–220. https://doi.org/10.1108/14013380910995502

Chen, J., & Zhu, Z. (2004). Measuring intellectual capital: A new model and empirical study. Journal of Intellectual Capital, 5(1), 195–212. https://doi.org/10.1108/14691930410513003

Chowdhury, L. A. M., Rana, T., Akter, M., & Hoque, M. (2018). Impact of intellectual capital on financial performance: evidence from the Bangladeshi textile sector. Journal of Accounting and Organizational Change, 14(4), 429–454. https://doi.org/10.1108/JAOC-11-2017-0109

Demartini, M. C., & Beretta, V. (2020). Intellectual capital and SMEs’ performance: A structured literature review. Journal of Small Business Management, 58(2), 288–332. https://doi.org/10.1080/00472778.2019.1659680

Demartini, P., & Paoloni, P. (2013). Implementing an intellectual capital framework in practice Journal of Intellectual Capital, 14(1), 69–83. https://doi.org/10.1108/14691931311289020

Dong, T.-P., & Chen, W.-C. (2010). Measurement Indocators of Intellectual Capital – a Critical Review. Marketing and Management Sciences, 23(4), 203–207. https://doi.org/10.1142/9781848165106_0037

Dumay, J. C. (2009). Intellectual capital measurement: A critical approach. Journal of Intellectual Capital, 10(2), 190–210. https://doi.org/10.1108/14691930910952614

Edvinsson, L. (1997). Developing intellectual capital at Skandia. Long Range Planning, 30(3), 366– 373. https://doi.org/10.1016/s0024-6301(97)90248-x

Firer, S., & Mitchell Williams, S. (2003). Intellectual capital and traditional measures of corporate performance. Journal of Intellectual Capital, 4(3), 348–360. https://doi.org/10.1108/14691930310487806

Forte, W., Tucker, J., Matonti, G., & Nicolò, G. (2017). Measuring the Intellectual Capital of Italian listed companies. In Journal of Intellectual Capital (Vol. 32, Issue 1). https://doi.org/10.1515/arbi- 2013-0082

Freeburg, D. (2018). Problems and Approaches in the Management of Intellectual Capital in Religious Organisations: An Issue of Complexity. Journal of Information and Knowledge Management, 17(4), 1–26. https://doi.org/10.1142/S0219649218500466

Jordão, R. V. D., & Novas, J. C. (2017). Knowledge management and intellectual capital in networks of small- and medium-sized enterprises. Journal of Intellectual Capital, 18(3), 667–692. https://doi.org/10.1108/JIC-11-2016-0120

Lu, Y., Li, G., Luo, Z., Anwar, M., & Zhang, Y. (2021). Does Intellectual Capital Spur Sustainable Competitive Advantage and Sustainable Growth?: A Study of Chinese and Pakistani Firms. SAGE Open, 11(1). https://doi.org/10.1177/2158244021996702

Marr, B. (2004). Measuring and benchmarking intellectual capital. Benchmarking: An International Journal, 11(6), 559–570. https://doi.org/10.1108/14635770410566474

Mention, A.-L. (2012). Intellectual Capital, Innovation and Performance: a Systematic Review of the Literature. Business and Economic Research, 2(1), 1–37. https://doi.org/10.5296/ber.v2i1.1937

Molodchik, M. A., Shakina, E. A., & Barajas, A. (2014). Metrics for the elements of intellectual capital in an economy driven by knowledge. Journal of Intellectual Capital, 15(2), 206–226. https://doi.org/10.1108/JIC-08-2013-0091

Mouritsen, J. (2003). Intellectual capital and the capital market: The circulability of intellectual capital. Accounting, Auditing & Accountability Journal, 16(1), 18–30. https://doi.org/10.1108/09513570310464246

Mukherjee, T., & Sen, S. S. (2019). Intellectual Capital and Corporate Sustainable Growth: The Indian Evidence. Journal of Business Economics and Environmental Studies, 9(2), 5–15. https://doi.org/10.13106/jbees.2019.vol9.no2.5

Muwardi, D., Saide, S., Eko Indrajit, R., Iqbal, M., Siti Astuti, E., & Herzavina, H. (2020). Intangible resources and institution performance: The concern of intellectual capital, employee performance, job satisfaction, and its impact on organization performance. International Journal of Innovation Management, 24(5), 1–21. https://doi.org/10.1142/S1363919621500092

Nahapiet, J., & Ghoshal, S. (1998). Social Capital, Intellectual Capital, And The Organizational Advantage. Academy of Managemeni Review, 23(2), 242–266.

Ousama, A. A., Al-Mutairi, M. T., & Fatima, A. H. (2020). The relationship between intellectual capital information and firms’ market value: a study from an emerging economy. Measuring Business Excellence, 24(1), 39–51. https://doi.org/10.1108/MBE-01-2019-0002

Petty, R., & Guthrie, J. (2000). Intellectual capital literature review: Measurement, reporting and management. Journal of Intellectual Capital, 1(2), 155–176. https://doi.org/10.1007/978-3-540- 71496-5_54

Pulic, A. (2004). Intellectual capital – does it create or destroy value? Measuring Business Excellence, 8(1), 62–68. https://doi.org/10.1108/13683040410524757

Putra, I. G. C. (2012). Pengaruh Modal Intelektual Pada Nilai Perusahaan Perbankan Yang Go Public Di Bursa Efek Indonesia. Jurnal Ilmiah Akuntansi Dan Humanika, 2(1), 1–22.

Romano, M., Catalfo, P., & Nicotra, M. (2014). Science parks and intellectual capital: An integrated model for intangibles’ representation, evaluation and control. Journal of Intellectual Capital, 15(4), 537–553.

Roos, G., Bainbridge, A., & Jacobsen, K. (2001). Intellectual capital analysis as a strategic tool. Strategy & Leadership, 29(4), 21–26. https://doi.org/10.1108/10878570110400116

Sánchez, M. P., & Elena, S. (2006). Intellectual capital in universities: Improving transparency and internal management. Journal of Intellectual Capital, 7(4), 529–548. https://doi.org/10.1108/14691930610709158

Smriti, N., & Das, N. (2018). The impact of intellectual capital on firm performance: a study of Indian firms listed in COSPI. Journal of Intellectual Capital, 19(5), 935–964. https://doi.org/10.1108/JIC-11-2017-0156

Subramaniam, M., & Youndt, M. A. (2005). The influence of intellectual capital on the types of innovative capabilities. Academy of Management Journal, 48(3), 450–463. https://doi.org/10.5465/AMJ.2005.17407911

Temouri, Y., Pereira, V., Muschert, G. W., Ramiah, V., & Babula, M. (2021). How does cluster location and intellectual capital impact entrepreneurial success within high-growth firms? Journal of Intellectual Capital, 22(1), 171–189. https://doi.org/10.1108/JIC-02-2020-0066

Troise, C., Matricano, D., Candelo, E., & Sorrentino, M. (2020). Crowdfunded and then? The role of intellectual capital in the growth of equity-crowdfunded companies. Measuring Business Excellence, 24(4), 475–494. https://doi.org/10.1108/MBE-02-2020-0031

Ulum, I. (2008). Intellectual Capital Performance Sektor Perbankan di Indonesia. Jurnal Akuntansi Dan Keuangan, 10(2), 77–84. https://doi.org/10.9744/jak.10.2.PP.77-84

Wang, Y., Su, X., Wang, H., & Zou, R. (2019). Intellectual capital and technological dynamic capability: evidence from Chinese enterprises. Journal of Intellectual Capital, 20(4), 453–471. https://doi.org/10.1108/JIC-06-2018-0096

Wiig, K. M. (1997). Integrating intellectual capital and knowledge management. Long Range Planning, 30(3), 399–405. https://doi.org/10.1016/s0024-6301(97)90256-9

Xu, J., & Wang, B. (2018). Intellectual capital, financial performance and companies’ sustainable growth: Evidence from the Korean manufacturing industry. Sustainability (Switzerland), 10(12). https://doi.org/10.3390/su10124651

Xu, X. L., Chen, H. H., & Zhang, R. R. (2020). The impact of intellectual capital efficiency on corporate sustainable growth-evidence from smart agriculture in China. Agriculture (Switzerland), 10(6), 1–15. https://doi.org/10.3390/agriculture10060199

Published
2024-03-21
Abstract viewed = 141 times
PDF downloaded = 229 times