Abstract.: Purpose of this study is to empirically examine the effect of intellectual capital, the average intellectual capital growth (ROGIC) on the company's financial performance with the proportion of independent commissioners as a moderating variable. The data sample of this research is insurance companies listed on the Indonesia Stock Exchange (BEI) for the period 2011-2018. This study uses multiple linear regression analysis techniques and regression analysis moderated (MRA) to test the hypothesis. The results of this study indicate that intellectual capital has a significant positive effect on financial performance and independent commissioners moderate the significant negative relationship between intellectual capital and financial performance. However, we fail to prove that ROGIC has no relationship with financial performance and the proportion of independent commissioners does not moderate the relationship between ROGIC and financial performance.
- financial performance
- intellectual capital
- rate of growth of intellectual capital
- risk based capital