Ahmad Fauzan
221104020908

Penelitian ini bertujuan untuk menganalisis pengaruh Modified Value Added
Intellectual Capital (MVAIC) terhadap efisiensi operasional perbankan dengan
Good Corporate Governance (GCG) sebagai variabel moderasi pada bank umum
konvensional kelompok KBMI 3 dan KBMI 4 di Indonesia periode 2021–2024.
Efisiensi operasional diukur menggunakan rasio Beban Operasional terhadap
Pendapatan Operasional (BOPO), sedangkan intellectual capital diproksikan
melalui Human Capital Efficiency (HCE), Structural Capital Efficiency (SCE),
Relational Capital Efficiency (RCE), dan Capital Employed Efficiency (CEE).
Penelitian ini menggunakan data sekunder berupa laporan keuangan dan laporan
tahunan yang diperoleh dari website resmi perusahaan dan Otoritas Jasa Keuangan
(OJK). Teknik pengambilan sampel menggunakan purposive sampling dengan
jumlah sampel sebanyak 13 bank dan total 52 observasi. Metode analisis yang
digunakan adalah regresi data panel dan Moderated Regression Analysis (MRA).
Hasil penelitian menunjukkan bahwa HCE, SCE, dan CEE berpengaruh negatif
signifikan terhadap BOPO, yang mengindikasikan bahwa peningkatan efisiensi
intellectual capital mampu menurunkan biaya operasional bank sehingga
meningkatkan efisiensi operasional. Sementara itu, RCE tidak menunjukkan
pengaruh signifikan terhadap BOPO. Hasil pengujian moderasi menunjukkan
bahwa GCG secara umum belum mampu memperkuat hubungan antara intellectual
capital dan efisiensi operasional, kecuali pada hubungan antara RCE dan BOPO
yang menunjukkan efek moderasi memperkuat. Temuan ini menunjukkan bahwa
tidak seluruh komponen intellectual capital memberikan kontribusi yang konsisten
terhadap efisiensi operasional perbankan serta peran GCG dalam memperkuat
hubungan tersebut masih relatif terbatas dalam konteks perbankan Indonesia.
Kata kunci: Modified Value Added Intellectual Capital, efisiensi operasional,
BOPO, Good Corporate Governance, perbankan.

This study aims to analyze the effect of Modified Value Added Intellectual Capital
(MVAIC) on banking operational efficiency with Good Corporate Governance
(GCG) as a moderating variable in conventional commercial banks classified as
KBMI 3 and KBMI 4 in Indonesia during the 2021–2024 period. Operational
efficiency is measured using the Operating Expenses to Operating Income ratio
(BOPO), while intellectual capital is proxied by Human Capital Efficiency (HCE),
Structural Capital Efficiency (SCE), Relational Capital Efficiency (RCE), and
Capital Employed Efficiency (CEE). This study employs secondary data obtained
from annual reports and financial statements published on the official websites of
banks and the Financial Services Authority (OJK). The sampling technique used is
purposive sampling, resulting in 13 banks with a total of 52 observations. The
analytical methods applied are panel data regression and Moderated Regression
Analysis (MRA). The results indicate that HCE, SCE, and CEE have a significant
negative effect on BOPO, implying that higher intellectual capital efficiency can
reduce bank operational costs and improve operational efficiency. Meanwhile, RCE
does not have a significant effect on BOPO. The moderating test reveals that GCG
generally does not strengthen the relationship between intellectual capital and
operational efficiency, except for the relationship between RCE and BOPO, where
a strengthening moderating effect is identified. These findings suggest that not all
components of intellectual capital consistently contribute to banking operational
efficiency and that the moderating role of GCG remains relatively limited within
the Indonesian banking context.
Keywords: Modified Value Added Intellectual Capital, Operational Efficiency,
BOPO, Good Corporate Governance, banking.