The Relationship between Intellectual Capital, Financial Performance and financial literacy

  • Authors

    • Nurhaya Yusuf Department of Management, Faculty of Economics and Business,‎ Hasanuddin University, Indonesia. Jl. Perintis Kemerdekaan, Tamalanrea Indah, Tamalanrea District, Makassar City, ‎South Sulawesi 90245
    • Maat Pono Department of Management, Faculty of Economics and Business,‎ Hasanuddin University, Indonesia. Jl. Perintis Kemerdekaan, Tamalanrea Indah, Tamalanrea District, Makassar City, ‎South Sulawesi 90245
    • Andi Reni Department of Management, Faculty of Economics and Business,‎ Hasanuddin University, Indonesia. Jl. Perintis Kemerdekaan, Tamalanrea Indah, Tamalanrea District, Makassar City, ‎South Sulawesi 90245
    • Andi Aswan Department of Management, Faculty of Economics and Business,‎ Hasanuddin University, Indonesia. Jl. Perintis Kemerdekaan, Tamalanrea Indah, Tamalanrea District, Makassar City, ‎South Sulawesi 90245
    https://doi.org/10.14419/y43f4h25

    Received date: January 9, 2026

    Accepted date: January 29, 2026

    Published date: February 4, 2026

  • Intelectual Capital; Financial Performace; Financial Literacy

  • 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.

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    Yusuf , N. ., Pono, M. ., Reni, A. ., & Aswan, A. . (2026). The Relationship between Intellectual Capital, Financial Performance and financial literacy. International Journal of Accounting and Economics Studies, 13(1), 689-695. https://doi.org/10.14419/y43f4h25