Citation:

Heni Yusnita, Suratno, Tri Widyastuti, Amilin, Nurmala Ahmar. "Does Intellectual Capital Role in Improving Bumdes Performance ?" International Research Journal of Economics and Management Studies, Vol. 3, No. 7, pp. 304-311, 2024.

Abstract:

This research aims to test, analyze and find empirical evidence related to the determinants of BUMDes financial performance and intellectual capital as a moderator. The research methodology used in this research is descriptive analysis with a total of 400 BUMDes respondents throughout Indonesia. The data testing and analysis used the Partial Least Square - Structural Equation Modeling (PLS-SEM). The findings showed that business literacy had a positive effect on the financial performance of BUMDes, innovation opportunities had a positive effect on the financial performance of BUMDes, and intellectual capital had a positive effect on the financial performance of BUMDes. The results for moderation show that intellectual capital does not moderate the influence of business literacy on BUMDes financial performance, and intellectual capital strengthens the impact of innovation opportunities on BUMDes financial performance. This research implies that to obtain superior performance, BUMDes must be able to manage resources, especially strategic ones. Intellectual capital is one of the resources that BUMDes must have to create competitive advantages in competitive markets.

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Keywords:

Business Literacy, Innovation Opportunities, Intellectual Capital.