In the digital age today, high-tech companies are currently experiencing very rapid growth. This is inseparable from the very tight and fast competition in industry 4.0. High-tech companies (high tech) in general have advantages over companies that do not use high technology, namely intellectual capital. This study aims to analyze the influence of intellectual capital on the financial performance of companies that use low technology and companies that use high technology.
The population in this study were low technology and high technology manufacturing companies in Indonesia, the sampling method used was purposive sampling. The independent variable is intellectual capital, the control variable is company size and leverage, and the dependent variable is financial performance. The analytical method used is multiple regression analysis.
The results of data analysis show that intellectual capital (STVA) has a significant effect on the financial performance of high technology manufacturing companies, but does not significantly influence the financial performance of low technology companies. The size of the company has a significant effect on the financial performance of manufacturing companies both low technology and high technology. Leverage has a significant effect on the financial performance of manufacturing companies, both low technology and high technology. There are significant differences in financial performance between high technology and low technology manufacturing companies.