TATA KELOLA HUMAN CAPITAL PADA UKM DI KAWASAN ASIA TENGGARA : SYSTEMATIC LITERATURE REVIEW
Abstract
Human capital has emerged as a crucial force in the competitiveness of SMEs in Southeast Asia. The cultural differences between Eastern countries in several countries in the region are of interest in the topic of human capital governance innovation in SMEs. This study aims to map the literature cultivation through a Systematic Literature Review (SLR) and identify the sectors that drive SME innovation in the context of human capital in Southeast Asia through SCOPUS database analysis, bibliometrics, and thematic analysis. This study uses strict filtering of the SCOPUS database migrated to bibliometrics to generate citation growth, article publications, and thematic morphology for visualization of this field. The results show a significant surge in publications, especially in 2025, which signifies a shift from traditional personnel administration to strategic human capital governance. Thematic analysis reveals that "Green Innovation" and "Climate Change" have developed into mature Motor Themes, while "Human Capital" and "CSR" serve as fundamental Basic Themes. Specifically, "ESG Performance" and "Family Business" are identified as Emerging Themes, offering new avenues for research.
References
Akankunda, B., Nkundabanyanga, S. K., Adaramola, M. S., & Kaawaase, T. K. (2023). Sustainable performance among power companies in Uganda: role of stakeholder orientation, human capital, regulatory governance, and management control systems. International Journal of Energy Sector Management, 18(6), 1463-1488. https://doi.org/10.1108/ijesm-09-2023-0003
Al-Naser, M. H. and Hamdan, A. (2021). The impact of public governance on the economic growth: Evidence from gulf cooperation council countries. Economics & Sociology, 14(2), 85-110. https://doi.org/10.14254/2071-789x.2021/14-2/5
Amorelli, M. and Sánchez, I. (2019). Critical mass of female directors, human capital, and stakeholder engagement by corporate social reporting. Corporate Social Responsibility and Environmental Management, 27(1), 204-221. https://doi.org/10.1002/csr.1793
Aribi, Z. A., Kostov, P., & Aghab, E. (2021). Does female human capital constrain earning management: The case of the United Kingdom. Business Ethics the Environment & Responsibility, 30(4), 588-603. https://doi.org/10.1111/beer.12360
Бабкин, А., Shkarupeta, E., Malevskaia-Malevich, E., Pogrebinskaya, E. A., & Batukova, L. (2023). Managing Circularity in Industrial Ecosystems: Introducing the Concept of Circular Maturity and its Application in NLMK Group. International Journal of Technology, 14(8), 1769. https://doi.org/10.14716/ijtech.v14i8.6836
Bakar, H. O., Sulong, Z., & Chowdhury, M. A. F. (2020). The role of financial development on economic growth in the emerging market countries of the sub-Saharan African (SSA) region. International Journal of Emerging Markets, 17(3), 789-811. https://doi.org/10.1108/ijoem-08-2019-0638
Basumatary, D. and Sar, A. K. (2025). Aligning Corporate Governance with Sustainable Development Goals. Indian Journal of Corporate Governance, 18(1), 132-162. https://doi.org/10.1177/09746862251323019
Campanella, F., Ferri, L., Serino, L., & Zampella, A. (2025). Exploring the link between sustainable performance and credit access: the moderating role of intellectual capital. Journal of Intellectual Capital, 26(1), 205-228. https://doi.org/10.1108/jic-06-2024- 0191
Cao, Z., Chen, S. X., Lee, E., & Xie, S. (2024). Weathering the Storm: Unravelling the Influence of Climate Change Risk Exposure on Firms’ Human Capital Investment. British Journal of Management, 36(2), 633-649. https://doi.org/10.1111/1467-8551.12868
Ciravegna, L., Kano, L., Rattalino, F., & Verbeke, A. (2019). Corporate Diplomacy and Family Firm Longevity. Entrepreneurship Theory and Practice, 44(1), 109-133. https://doi.org/10.1177/1042258719838477
Dalwai, T. and Mohammadi, S. S. (2020). Intellectual capital and corporate governance: an evaluation of Oman's financial sector companies. Journal of Intellectual Capital, 21(6), 1125-1152. https://doi.org/10.1108/jic-09-2018-0151
Damoah, O. B. O., Lamptey, Y. A., Anlesinya, A., & Tetteh, B. N. A. (2021). Gendering Corporate Boards and Conditional Effectiveness of Board Processes: Insights from a Sub-Saharan African Country. Global Business Review. https://doi.org/10.1177/09721509211036271
Fu, Q., Zhao, X., & Chang, C. (2023). Does ESG performance bring to enterprises’ green innovation? Yes, evidence from 118 countries. Oeconomia Copernicana, 14(3), 795-832. https://doi.org/10.24136/oc.2023.024
Ghazinoory, S., Mahdiani, R., & Fatemi, M. (2025). How to radically innovate in emerging defense ecosystems?. Foresight and Sti Governance, 19(3), 49-63. https://doi.org/10.17323/fstig.2025.26575
Handley, K. and Molloy, C. (2022). SME corporate governance: a literature review of informal mechanisms for governance. Meditari Accountancy Research, 30(7), 310-333. https://doi.org/10.1108/medar-06-2021-1321
Hidayaturrohmah, I., & Purusa, N. A. (2025). STUDI TERHADAP DISIPLIN KERJA PEGAWAI NON–ASN DINAS PEKERJAAN UMUM KOTA SEMARANG. Jurnal Ilmiah Manajemen, Ekonomi, & Akuntansi (MEA), 9(2), 148-167.
Hong, Z. (2021). Network connections within committees and board governance effectiveness. Corporate Governance: An International Review, 30(4), 421-441. https://doi.org/10.1111/corg.12409
Koeplin, J. P. and Lélé, P. (2022). Human capital management accounting issues for SOX compliance with Basel III final framework operational risk standards. Journal of Corporate Accounting & Finance, 34(1), 9-20. https://doi.org/10.1002/jcaf.22578
Kusumastati, W. W., Siregar, S. V., Martani, D., & Adhariani, D. (2022). Board diversity and corporate performance in a two-tier governance context. Team Performance Management an International Journal, 28(3/4), 260-279. https://doi.org/10.1108/tpm-11-2021-0076
Lajili, K. (2022). Human capital disclosure and the contingency view. Personnel Review, 52(4), 1110-1125. https://doi.org/10.1108/pr-10-2020-0791
Lajili, K., Lin, L. Y., & Rostamkalaei, A. (2020). Corporate governance, human capital resources, and firm performance: Exploring the missing links. Journal of General Management, 45(4), 192-205. https://doi.org/10.1177/0306307019895949
Lee-Anant, C. and Kungwansith, P. (2025). Policy Shaping and Capacity Building for Sustainable Community-Based Tourism in Thailand’s Eastern Economic Corridor. Suranaree Journal of Social Science, 19(1). https://doi.org/10.55766/sjss278596
Li, M. and Gao, W. (2025). Exploring How Human Capital Development Promotes Economic Transformation. Journal of Organizational and End User Computing, 37(1), 1-22. https://doi.org/10.4018/joeuc.388939.
Li, Z., Feng, L., Pan, Z., & Sohail, H. M. (2022). ESG performance and stock prices: evidence from the COVID-19 outbreak in China. Humanities and Social Sciences Communications, 9(1). https://doi.org/10.1057/s41599-022-01259-5
Mardini, G. H. and Lahyani, F. E. (2020). Impact of firm performance and corporate governance mechanisms on intellectual capital disclosures in CEO statements. Journal of Intellectual Capital, 23(2), 290-312. https://doi.org/10.1108/jic-02-2020-0053
Mas‐Tur, A., Kraus, S., Brandtner, M., Ewert, R., & Kürsten, W. (2020). Advances in management research: a bibliometric overview of the Review of Managerial Science. Review of Managerial Science, 14(5), 933-958. https://doi.org/10.1007/s11846-020-00406-z
Mercader, V., Galván-Vela, E., Ravina-Ripoll, R., & Popescu, C. R. G. (2021). A Focus on Ethical Value under the Vision of Leadership, Teamwork, Effective Communication and Productivity. Journal of Risk and Financial Management, 14(11), 522. https://doi.org/10.3390/jrfm14110522
Mustofa, A., Haryati, E., & Ismail, S. (2025). The impact of digital transformation on public services governance: A quality assessment scale approach in urban municipalities. Journal of Governance and Regulation, 14(4), 156. https://doi.org/10.22495/jgrv14i4art15
Ni, Y., Cheng, Y., & Huang, P. (2020). Do intellectual capitals matter to firm value enhancement? Evidences from Taiwan. Journal of Intellectual Capital, 22(4), 725-743. https://doi.org/10.1108/jic-10-2019-0235
Nurcahyono, N., Sinarasri, A., Pamungkas, I. D., & Hanum, A. N. (2023). May intellectual capital and corporate governance reduce the probability of financial distress?. Contaduría Y Administración, 70(1), 482. https://doi.org/10.22201/fca.24488410e.2025.5169
Raimo, N., Ricciardelli, A., Rubino, M., & Vitolla, F. (2020). Factors affecting human capital disclosure in an integrated reporting perspective. Measuring Business Excellence, 24(4), 575-592. https://doi.org/10.1108/mbe-05-2020-0082
Rehman, W. u., Nadeem, M., Saltık, Ö., Deği̇rmen, S., & Jalil, F. (2024). Investing in knowledge assets: a novel approach for measuring national intellectual capital index in emerging economies. Journal of Intellectual Capital, 25(2/3), 535-558. https://doi.org/10.1108/jic-07-2023-0155
Romero, F. T. and Araújo, J. F. (2020). The influence of corporate governance characteristics on human capital disclosure: the moderating role of managerial ownership. Journal of Intellectual Capital, 23(2), 342-374. https://doi.org/10.1108/jic-03-2019-0055
Saha, R. and Kabra, K. C. (2021). Corporate governance and voluntary disclosure: evidence from India. Journal of Financial Reporting and Accounting, 20(1), 127-160. https://doi.org/10.1108/jfra-03-2020-0079
Saha, R. and Maji, S. (2022). Board human capital diversity and firm performance: evidence from top listed Indian firms. Journal of Indian Business Research, 14(4), 382-402. https://doi.org/10.1108/jibr-08-2021-0289
Sukma, N. and Yamnill, S. (2025). Unlocking the Future of Insurance: The Power of Open Data, Digital Transformation, and Human Talent. Human Resource Development Quarterly. https://doi.org/10.1002/hrdq.70002
Xu, Q., Li, X., & Guo, F. (2023). Digital transformation and environmental performance: Evidence from Chinese resource‐based enterprises. Corporate Social Responsibility and Environmental Management, 30(4), 1816-1840. https://doi.org/10.1002/csr.2457
Xu, M. and Tan, R. (2024). Digital economy as a catalyst for low-carbon transformation in China: new analytical insights. Humanities and Social Sciences Communications, 11(1). https://doi.org/10.1057/s41599-024-03330-9
Yu, G. (2025). Digital transformation, human capital upgrading, and enterprise ESG performance: Evidence from Chinese listed enterprises. Oeconomia Copernicana, 15(4), 1465-1508. https://doi.org/10.24136/oc.3058
Zayed, N. M., Mohamed, I. S., Islam, K. M. A., Perevozova, I., Ниценко, В., & Morozova, O. (2022). Factors Influencing the Financial Situation and Management of Small and Medium Enterprises. Journal of Risk and Financial Management, 15(12), 554. https://doi.org/10.3390/jrfm15120554
Al-Naser, M. H. and Hamdan, A. (2021). The impact of public governance on the economic growth: Evidence from gulf cooperation council countries. Economics & Sociology, 14(2), 85-110. https://doi.org/10.14254/2071-789x.2021/14-2/5
Amorelli, M. and Sánchez, I. (2019). Critical mass of female directors, human capital, and stakeholder engagement by corporate social reporting. Corporate Social Responsibility and Environmental Management, 27(1), 204-221. https://doi.org/10.1002/csr.1793
Aribi, Z. A., Kostov, P., & Aghab, E. (2021). Does female human capital constrain earning management: The case of the United Kingdom. Business Ethics the Environment & Responsibility, 30(4), 588-603. https://doi.org/10.1111/beer.12360
Бабкин, А., Shkarupeta, E., Malevskaia-Malevich, E., Pogrebinskaya, E. A., & Batukova, L. (2023). Managing Circularity in Industrial Ecosystems: Introducing the Concept of Circular Maturity and its Application in NLMK Group. International Journal of Technology, 14(8), 1769. https://doi.org/10.14716/ijtech.v14i8.6836
Bakar, H. O., Sulong, Z., & Chowdhury, M. A. F. (2020). The role of financial development on economic growth in the emerging market countries of the sub-Saharan African (SSA) region. International Journal of Emerging Markets, 17(3), 789-811. https://doi.org/10.1108/ijoem-08-2019-0638
Basumatary, D. and Sar, A. K. (2025). Aligning Corporate Governance with Sustainable Development Goals. Indian Journal of Corporate Governance, 18(1), 132-162. https://doi.org/10.1177/09746862251323019
Campanella, F., Ferri, L., Serino, L., & Zampella, A. (2025). Exploring the link between sustainable performance and credit access: the moderating role of intellectual capital. Journal of Intellectual Capital, 26(1), 205-228. https://doi.org/10.1108/jic-06-2024- 0191
Cao, Z., Chen, S. X., Lee, E., & Xie, S. (2024). Weathering the Storm: Unravelling the Influence of Climate Change Risk Exposure on Firms’ Human Capital Investment. British Journal of Management, 36(2), 633-649. https://doi.org/10.1111/1467-8551.12868
Ciravegna, L., Kano, L., Rattalino, F., & Verbeke, A. (2019). Corporate Diplomacy and Family Firm Longevity. Entrepreneurship Theory and Practice, 44(1), 109-133. https://doi.org/10.1177/1042258719838477
Dalwai, T. and Mohammadi, S. S. (2020). Intellectual capital and corporate governance: an evaluation of Oman's financial sector companies. Journal of Intellectual Capital, 21(6), 1125-1152. https://doi.org/10.1108/jic-09-2018-0151
Damoah, O. B. O., Lamptey, Y. A., Anlesinya, A., & Tetteh, B. N. A. (2021). Gendering Corporate Boards and Conditional Effectiveness of Board Processes: Insights from a Sub-Saharan African Country. Global Business Review. https://doi.org/10.1177/09721509211036271
Fu, Q., Zhao, X., & Chang, C. (2023). Does ESG performance bring to enterprises’ green innovation? Yes, evidence from 118 countries. Oeconomia Copernicana, 14(3), 795-832. https://doi.org/10.24136/oc.2023.024
Ghazinoory, S., Mahdiani, R., & Fatemi, M. (2025). How to radically innovate in emerging defense ecosystems?. Foresight and Sti Governance, 19(3), 49-63. https://doi.org/10.17323/fstig.2025.26575
Handley, K. and Molloy, C. (2022). SME corporate governance: a literature review of informal mechanisms for governance. Meditari Accountancy Research, 30(7), 310-333. https://doi.org/10.1108/medar-06-2021-1321
Hidayaturrohmah, I., & Purusa, N. A. (2025). STUDI TERHADAP DISIPLIN KERJA PEGAWAI NON–ASN DINAS PEKERJAAN UMUM KOTA SEMARANG. Jurnal Ilmiah Manajemen, Ekonomi, & Akuntansi (MEA), 9(2), 148-167.
Hong, Z. (2021). Network connections within committees and board governance effectiveness. Corporate Governance: An International Review, 30(4), 421-441. https://doi.org/10.1111/corg.12409
Koeplin, J. P. and Lélé, P. (2022). Human capital management accounting issues for SOX compliance with Basel III final framework operational risk standards. Journal of Corporate Accounting & Finance, 34(1), 9-20. https://doi.org/10.1002/jcaf.22578
Kusumastati, W. W., Siregar, S. V., Martani, D., & Adhariani, D. (2022). Board diversity and corporate performance in a two-tier governance context. Team Performance Management an International Journal, 28(3/4), 260-279. https://doi.org/10.1108/tpm-11-2021-0076
Lajili, K. (2022). Human capital disclosure and the contingency view. Personnel Review, 52(4), 1110-1125. https://doi.org/10.1108/pr-10-2020-0791
Lajili, K., Lin, L. Y., & Rostamkalaei, A. (2020). Corporate governance, human capital resources, and firm performance: Exploring the missing links. Journal of General Management, 45(4), 192-205. https://doi.org/10.1177/0306307019895949
Lee-Anant, C. and Kungwansith, P. (2025). Policy Shaping and Capacity Building for Sustainable Community-Based Tourism in Thailand’s Eastern Economic Corridor. Suranaree Journal of Social Science, 19(1). https://doi.org/10.55766/sjss278596
Li, M. and Gao, W. (2025). Exploring How Human Capital Development Promotes Economic Transformation. Journal of Organizational and End User Computing, 37(1), 1-22. https://doi.org/10.4018/joeuc.388939.
Li, Z., Feng, L., Pan, Z., & Sohail, H. M. (2022). ESG performance and stock prices: evidence from the COVID-19 outbreak in China. Humanities and Social Sciences Communications, 9(1). https://doi.org/10.1057/s41599-022-01259-5
Mardini, G. H. and Lahyani, F. E. (2020). Impact of firm performance and corporate governance mechanisms on intellectual capital disclosures in CEO statements. Journal of Intellectual Capital, 23(2), 290-312. https://doi.org/10.1108/jic-02-2020-0053
Mas‐Tur, A., Kraus, S., Brandtner, M., Ewert, R., & Kürsten, W. (2020). Advances in management research: a bibliometric overview of the Review of Managerial Science. Review of Managerial Science, 14(5), 933-958. https://doi.org/10.1007/s11846-020-00406-z
Mercader, V., Galván-Vela, E., Ravina-Ripoll, R., & Popescu, C. R. G. (2021). A Focus on Ethical Value under the Vision of Leadership, Teamwork, Effective Communication and Productivity. Journal of Risk and Financial Management, 14(11), 522. https://doi.org/10.3390/jrfm14110522
Mustofa, A., Haryati, E., & Ismail, S. (2025). The impact of digital transformation on public services governance: A quality assessment scale approach in urban municipalities. Journal of Governance and Regulation, 14(4), 156. https://doi.org/10.22495/jgrv14i4art15
Ni, Y., Cheng, Y., & Huang, P. (2020). Do intellectual capitals matter to firm value enhancement? Evidences from Taiwan. Journal of Intellectual Capital, 22(4), 725-743. https://doi.org/10.1108/jic-10-2019-0235
Nurcahyono, N., Sinarasri, A., Pamungkas, I. D., & Hanum, A. N. (2023). May intellectual capital and corporate governance reduce the probability of financial distress?. Contaduría Y Administración, 70(1), 482. https://doi.org/10.22201/fca.24488410e.2025.5169
Raimo, N., Ricciardelli, A., Rubino, M., & Vitolla, F. (2020). Factors affecting human capital disclosure in an integrated reporting perspective. Measuring Business Excellence, 24(4), 575-592. https://doi.org/10.1108/mbe-05-2020-0082
Rehman, W. u., Nadeem, M., Saltık, Ö., Deği̇rmen, S., & Jalil, F. (2024). Investing in knowledge assets: a novel approach for measuring national intellectual capital index in emerging economies. Journal of Intellectual Capital, 25(2/3), 535-558. https://doi.org/10.1108/jic-07-2023-0155
Romero, F. T. and Araújo, J. F. (2020). The influence of corporate governance characteristics on human capital disclosure: the moderating role of managerial ownership. Journal of Intellectual Capital, 23(2), 342-374. https://doi.org/10.1108/jic-03-2019-0055
Saha, R. and Kabra, K. C. (2021). Corporate governance and voluntary disclosure: evidence from India. Journal of Financial Reporting and Accounting, 20(1), 127-160. https://doi.org/10.1108/jfra-03-2020-0079
Saha, R. and Maji, S. (2022). Board human capital diversity and firm performance: evidence from top listed Indian firms. Journal of Indian Business Research, 14(4), 382-402. https://doi.org/10.1108/jibr-08-2021-0289
Sukma, N. and Yamnill, S. (2025). Unlocking the Future of Insurance: The Power of Open Data, Digital Transformation, and Human Talent. Human Resource Development Quarterly. https://doi.org/10.1002/hrdq.70002
Xu, Q., Li, X., & Guo, F. (2023). Digital transformation and environmental performance: Evidence from Chinese resource‐based enterprises. Corporate Social Responsibility and Environmental Management, 30(4), 1816-1840. https://doi.org/10.1002/csr.2457
Xu, M. and Tan, R. (2024). Digital economy as a catalyst for low-carbon transformation in China: new analytical insights. Humanities and Social Sciences Communications, 11(1). https://doi.org/10.1057/s41599-024-03330-9
Yu, G. (2025). Digital transformation, human capital upgrading, and enterprise ESG performance: Evidence from Chinese listed enterprises. Oeconomia Copernicana, 15(4), 1465-1508. https://doi.org/10.24136/oc.3058
Zayed, N. M., Mohamed, I. S., Islam, K. M. A., Perevozova, I., Ниценко, В., & Morozova, O. (2022). Factors Influencing the Financial Situation and Management of Small and Medium Enterprises. Journal of Risk and Financial Management, 15(12), 554. https://doi.org/10.3390/jrfm15120554
Published
2026-04-23
How to Cite
Maliki, U., & Asih, N. N. (2026). TATA KELOLA HUMAN CAPITAL PADA UKM DI KAWASAN ASIA TENGGARA : SYSTEMATIC LITERATURE REVIEW. Jurnal Ilmiah Manajemen, Ekonomi, & Akuntansi (MEA), 10(1), 2826-2843. https://doi.org/10.31955/mea.v10i1.7424
Section
Articles
Copyright (c) 2026 Jurnal Ilmiah Manajemen, Ekonomi, & Akuntansi (MEA)
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
