Mengukur Kinerja “Intellectual Capital” dengan Model iB-VAIC: Implementasi Resources Based Theory pada Perbankan Syariah Di Indonesia
Abstract
This study aims to measure the intellectual capital performance of Islamic banking in Indonesia
and examine whether the factors of intellectual capital able to predict profitability of Islamic banking both
current and the future. Specifically, the study aims to: 1) measure the intellectual capital performance of
Islamic banking with IB-VAIC model; 2) testing the ability the factors of IB-VAIC in predicting the
profitability of Islamic banking. Those factors include Value Added Capital Employed (VACA), Value Added
Human Capital (VAHU), and Structural Capital Value Added (STVA). The objects of this study is Islamic
banking in Indonesia, with the observation period 2010-2014. This study using three step of analysis. The
first step, measuring performance of Intellectual Capital Islamic banking in Indonesia with Islamic
banking-Value Added Intellectual Coefficient (IB-VAIC) model. The second step, regressing IB-VAIC with
profitability as measured by ROE both current and future. The third step, regressing the factors of IB-VAIC,
include IB-VACA, IB-VAHU and IB-STVA with profitability. The results of this study showed that:1) IBVAIC
able to predict the profitability of Islamic banking both current and future; 2) IB-VACA has positive
effect on profitability; 3) IB-VAHU has negative effect on profitability; 4) IB-STVA has positive effect on
profitability.