Title:
The Influence of Managerial Ownership on Intellectual Capital in Banking Companies Indonesia

Authors:
Arna Suryani, Sudirman, Ubaidillah, Indonesia

Abstract:

This study examines the influence of managerial ownership on intellectual capital performance in banking companies listed on the Indonesia Stock Exchange (IDX) during the 2013–2023 period. A quantitative approach was applied using secondary data from 160 firm-year observations across 16 banking institutions. Data analysis employed the Partial Least Squares (PLS) method through SmartPLS 4. The results demonstrate that ownership by the board of directors exerts a positive and significant effect on firm value as measured by Tobin’s Q, while ownership by the board of commissioners significantly enhances intellectual capital efficiency as measured by VAIC™. Managerial ownership also shows a positive and significant effect on intellectual capital, indicating that higher internal ownership strengthens incentives to manage knowledge-based resources effectively. These findings support agency theory and highlight the relevance of internal ownership in improving resource efficiency within Indonesia’s banking industry. The study contributes updated empirical evidence on the governance–intellectual capital nexus and emphasizes the strategic role of ownership structures in supporting sustainable value creation.

DOI: https://doi.org/10.51505/IJEBMR.2025.91209