The Relationship between Intellectual Capital, Financial Performance and financial literacy
Purpose: This article conceptualizes the relationship between intellectual capital and financial performance by proposing financial literacy as a crucial mediating variable within the Small and Medium Enterprises (SMEs) context. Design/Methodology/Approach: This research em-ploys a systematic conceptual literature review grounded in the Resource-Based View (RBV) theory. The study synthesizes existing literature to extend the dimensions of intellectual capital. Findings: While traditional RBV focuses on human and structural assets, this study introduces spiritual capital—encompassing religious values and ethics—as a vital third dimension of intellectual capital. The paper argues that indi-vidual capabilities and spiritual values are insufficient to maximize performance without financial literacy, which acts as a "translational capability" to convert intangible knowledge into effective operational and investment decisions.
Authors
- Andi Reni
- Maat Pono (ORCID: https://orcid.org/0000-0002-8906-8743)
- Andi Aswan (ORCID: https://orcid.org/0000-0002-7893-591X)
- Nurhaya Yusuf
Institutions
- Hasanuddin University (ID)
Publication Details
- Journal
- International Journal of Accounting and Economics Studies
- Published
- 2026-02-04
- DOI
- https://doi.org/10.14419/y43f4h25
- Primary Topic
- Intellectual Capital and Performance Analysis
- Type
- article
- Field-Weighted Citation Impact
- 0.00