Corporate Social Responsibility, Intellectual Capital, and Corporate Performance in State-Owned Enterprises

Abstract

The purpose of this study is to determine how corporate social responsibility and intellectual capital affect the performance of both public and private capital State-Owned Enterprises. A quantitative technique was used for this study. Purposive sampling was used to select a sample of 60 State-Owned Enterprises organizations that were indexed on the IDX between 2015 and 2019. In the meantime, research testing is carried out with the use of a structural equation model (SEM) analysis tool. According to the findings, corporate social responsibility has a negative and significant impact on firm performance in State-Owned Enterprises, whereas intellectual capital has a positive and large impact. SOEs are expected to pay attention to commercial interests, corporate social responsibility, and company performance in order to generate additional value and intellectual capital that must be owned in order to improve the company's quality for the community, according to the statement.