The Effect of Intellectual Capital and Financial Services Knowledge on Financial Inclusion

Mar’a Elthaf Ilahiyah, Noorlailie Soewarno, I. Made Laut Mertha Jaya

Research output: Contribution to journalArticlepeer-review

5 Citations (Scopus)


The study aims to determine the influence of intellectual capital and education on public financial services in increasing financial inclusion. This study applied a survey technique by selecting respondents according to the purposive sampling method. The number of respondents in this study was 500 people and came from various regions in Indonesia. Data analysis was performed using Structural Equation Modeling (SEM) techniques. The results indicate that intellectual capital has a positive effect on financial inclusion. Conversely, education about public financial services has no influence in increasing financial inclusion. The results of this study indicate that the success of financial inclusion programs in Indonesia is caused more by the role of public intellectual capital. Studies show that the public does not have the courage to be involved in banking institutions because the image of this institution tends to be inflexible in its operations. The results of this study are expected to make a real contribution, especially for the government and banks, that in order to achieve the success of the financial inclusion program in Indonesia; the related parties should educate the public directly to citizens who have not been reached by banking services continuously and with a more down to earth approach.

Original languageEnglish
Pages (from-to)247-255
Number of pages9
JournalJournal of Asian Finance, Economics and Business
Issue number1
Publication statusPublished - 2021


  • Financial Succession
  • Indonesia
  • Intellectual Capital
  • Public Financial Service Education
  • Unbanked Citizens


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