Peran Mediasi Kinerja Inovasi terhadap Pengaruh Intellectual Capital dan Good Corporate Governance terhadap Kinerja Keuangan

The importance of research
This research analyzed the mediating role of innovation performance on the influence of intellectual
capital and good corporate governance on financial performance, which fills the research gap
Research purposes
This study aims to analyze the direct effect of intellectual capital and good corporate governance on
financial performance, as well as the indirect effect through the mediating variable of innovation
performance.
Research method
This study uses secondary data from the financial statements of companies listed on the Indonesia
Stock Exchange (IDX) in 2019-2023. The study used a purposive sampling technique. The sample that
met the criteria was 43 companies with five years of observation, so 215 ready-to-process data were
obtained. Data analysis using the Structural Equation Modeling-Partial Least Squares (SEM-PLS)
technique WarpPLS application program.
Result
The research findings show that the direct effect of intellectual capital has no significant effect on
financial performance, but good corporate governance and innovation performance have a significant
positive effect on financial performance. In the indirect effect, intellectual capital and good corporate
governance have a significant positive effect on financial performance through innovation
performance. The results of the study can add to the research literature on intellectual capital, good
corporate governance, innovation performance, and corporate financial performance in developing
countries. The study results emphasize that investment in innovation is important, as it can help create
added value and positively impact financial performance.

Keywords: Financial Performance; Good Corporate Governance; Innovation Performance; Intellectual
Capital