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.

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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
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article

The Relationship between Intellectual Capital, Financial Performance and financial literacy

Andi Reni, Maat Pono, Andi Aswan, Nurhaya Yusuf
International Journal of Accounting and Economics Studies
Intellectual Capital and Performance Analysis
article

The Relationship between Intellectual Capital, Financial Performance and financial literacy

Andi Reni, Maat Pono, Andi Aswan, Nurhaya Yusuf
article en

Abstract

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.

International Journal of Accounting and Economics StudiesVol. 13(1)
Hasanuddin University (ID)
Quality Education
Openalex Percentile: Top 67%
Intellectual Capital and Performance Analysis
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