Proceedings of the Brawijaya International Conference on Business, Administration, Taxation, and Tourism (BICBATT 2022)

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The Effect of Human Capital on Profitability with Productivity as Intervening Variable

(Study on Restaurant, Hotel and Tourism Subsector Companies in 2017–2019)

Authors
Sri Sulasmiyati1, *, Fathya Dina Adila1
1Department of Business Administration, Faculty of Administrative Science, Brawijaya University, Malang, Indonesia
*Corresponding author. Email: sri_su_fia@ub.ac.id
Corresponding Author
Sri Sulasmiyati
Available Online 22 September 2023.
DOI
10.2991/978-94-6463-240-8_19How to use a DOI?
Keywords
Human Capital; Profitability; Productivity
Abstract

Human Capital plays a crucial role in companies by providing valuable knowledge and skills, motivating employees, promoting competence, and fostering teamwork. Research has demonstrated that a strong Human Capital can enhance a company’s profitability and productivity. For this study, the variable being independent is Human Capital which is measured by Value Added Human Capital (VAHU). The variable being measured is profitability, which is represented by Return on Assets (ROA), while the variable that mediates this relationship is productivity, which is measured by Assets Turnover (ATO). The study aimed to determine the impact of VAHU on ROA and ATO, as well as the influence of ATO on ROA and the effect of VAHU through ATO as a moderator variable on ROA. Using a quantitative approach, the study analysed data from 21 companies in the trade, service, and investment sectors listed on the Indonesia Stock Exchange between 2017 and 2019. The results indicated that Human Capital had a direct and significant effect on both ROA and ATO. ATO had a significant impact on ROA, while VAHU also had a significant effect on ROA with ATO as a moderator variable. It is recommended that companies prioritize the effective management of their Human Capital to improve their productivity and profitability in the short and long term.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the Brawijaya International Conference on Business, Administration, Taxation, and Tourism (BICBATT 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
22 September 2023
ISBN
10.2991/978-94-6463-240-8_19
ISSN
2352-5428
DOI
10.2991/978-94-6463-240-8_19How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Sri Sulasmiyati
AU  - Fathya Dina Adila
PY  - 2023
DA  - 2023/09/22
TI  - The Effect of Human Capital on Profitability with Productivity as Intervening Variable
BT  - Proceedings of the Brawijaya International Conference on Business, Administration, Taxation, and Tourism (BICBATT 2022)
PB  - Atlantis Press
SP  - 154
EP  - 165
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-240-8_19
DO  - 10.2991/978-94-6463-240-8_19
ID  - Sulasmiyati2023
ER  -