Peggy Delita Merida


The study aims to examine the direct relationship between intellectual capital and competitive advantage. The contribution of this paper is that there is a proxy competitive advantage the study was conducted on 444 manufacturing companies in Indonesia from 2013-2017. The novelty in this study is a research model that makes competitive advantage a dependent variable for intellectual capital and competitive advantage variables using market share proxy. The result of this study is intellectual capital has a positive effect on competitive advantage.

Save to Mendeley


Intellectual capital; competitive advantage

Full Text:



Abeysekara, N., Wang, H., & Kuruppuarachchi, D. (2019). Effect of supply-chain resilience on firm performance and keunggulan kompetitif: A study of the Sri Lankan apparel industry. Business Process Management Journal, 25(7), 1673–1695.

Antoncic, B., Prodan, I., Hisrich, R.D., Scarlat, C. (2007), “Technological innovativeness and firm performance in Slovenia and Romania”, Post-Communist Economies, Vol. 19, No 3, pp.281-292.

Ambrosini, V., Bowman, C. (2009), "What are dynamic capabilities and are they a useful construct in strategic management," International Journal of Management Reviews, Vol. 11, No 1, pp.29-49.

Astuti, P. D., Chariri, A., & Rohman, A. (2019). Association between intellectual capital and keunggulan kompetitif: A case study on the hotel industry in Bali province, Indonesia. Humanities and Social Sciences Reviews, 7(4), 440–449.

Barney, J. B., & Hesterly, W. S. (2010). VRIO framework. Strategic management and keunggulan kompetitif, 68-86.

Bharadwaj, A. S. (2000). A resource-based perspective on information technology capability and firm performance: an empirical investigation. MIS Quarterly, 169-196.

Barreto, I. (2010), "Dynamic capabilities: A review of past research and an agenda for the future," Journal of Management, Vol. 36, No 1, pp.256-280.

Birchall, D., Tovstiga, G. (2005), Capabilities for strategic advantage: Leading through technological innovation, Basingstoke, Palgrave Macmillan.

Burgelman, R., Maidique, M.A., Wheelwright, S.C. (2004), Strategic management of technology and innovation, New York, McGraw Hill.

Camisón, C., & Villar-López, A. (2014), "Organizational innovation as an enabler of technological innovation capabilities and firm performance," Journal of Business Research, Vol. 67, No 1, pp.2891-2902.

Cepeda, G., Vera, D. (2007), "Dynamic capabilities and operational capabilities: A knowledge management perspective," Journal of Business Research, Vol. 60, No 5, pp.426-437.

Chen, J., Zhu, Z., & Xie, H. Y. (2004). Measuring intellectual capital: a new model and empirical study. Journal of Intellectual Capital, 5(1), 195–212.

Cho, H.J., Pucik, V. (2005), "Relationship between innovativeness, quality, growth, profitability, and market value," Strategic Management Journal, Vol. 26, No 6, pp.555-575.

Danneels, E. (2008), "Organizational antecedents of second-order competences," Strategic Management Journal, Vol. 29, No 5, pp.519-543.

Edvinsson, L., & Malone, M. S. (1997). Intellectual capital: realizing your firm’s true value by finding its hidden brainpower. New York: Harper Collins.

Ghozali, Imam. 2016. Aplikasi Analisis Multivariete Dengan Program IBM SPSS 23 (Edisi 8). Cetakan ke VIII. Semarang : Badan Penerbit Universitas Diponegoro.

Jansze, W., Lahiri, D., & Tuninga, R. S. J. (2008). Gaining keunggulan kompetitif by technological innovation in emerging countries: Nature or nurture for Suriname? Journal of Transnational Management, 13(3), 226–243.

Lahovnik, M., & Breznik, L. (2014). Technological innovation capabilities as a source of keunggulan kompetitif: A case study from the home appliance industry. Transformations in Business and Economics, 13(2), 144–160.

Potjanajaruwit, P. (2018). Keunggulan kompetitif effects on firm performance: a case study of startups in Thailand. Journal of International Studies, 11(3), 104–111.

Suseno, N. S., Hermina, T., Ramdhani, A., & Utari, L. (2019). The impact of intellectual capital on financial performance. International Journal of Recent Technology and Engineering, 8(1), 359–365.

Gasperz, V., Fontana, A., 2011. A Lean Six Sigma for Manufacturing and Service Industries. Vinchristo Publication, Bogor.

Xu, J., Shang, Y., Yu, W., & Liu, F. (2019). Intellectual capital, technological innovation, and firm performance: Evidence from China's manufacturing.