Guntur Fitrah Phahensa Primary Author M. Thamrin Additional Author Lira Agusinta Additional Author

This study exploring the effect of intellectual capital and investment on operational performancemediated by productivity in shipping companies listed on the Indonesia Stock Exchange period 2015-2019. Theresearch used the quantitative method. The sample total is 45 consists of nine companies with five yearsobservation period taken by purposive sampling technique.s Data analysis used descriptive statistics and pathanalysis. The result of the research shows intellectual capital and investment had no significant direct effect onproductivity and operational performance. Productivity has a significant direct effect on operationalperformance. Besides, intellectual capital and investment have no indirect effect on operational performancemediated by productivity. This found can discuss in among researchers and practitioners in the future.