ANALISIS INTELLECTUAL CAPITAL TERHADAP BUSINESS RESILIENCE UKM EKOWISATA DENGAN DIGITAL CAPABILITY SEBAGAI VARIABEL MEDIASI

This study aims to analyze the influence of Intellectual Capital on Business Resilience through Digital Capability as a mediating variable in Small and Medium Enterprises (SMEs) within the ecotourism sector in Surakarta. Amidst the surge in international tourist arrivals in 2025, ecotourism SMEs are faced with technological disruption and market volatility that demand organizational resilience. This research employs a quantitative explanatory approach using a survey method with 150 SME respondents. Data were analyzed using Structural Equation Modeling based on Partial Least Squares (SEM-PLS).The results show that Intellectual Capital has a positive and significant effect on Business Resilience and Digital Capability. Furthermore, Digital Capability is proven to have a significant impact on business resilience. The main finding of this study confirms that Digital Capability acts as a partial mediator that strengthens the relationship between intellectual capital and business resilience. The R-squared value (R2) of 0.524 indicates that this model explains 52.4% of the variance in Business Resilience. These findings emphasize that although SMEs in Surakarta possess strong social capital and knowledge, the optimization of business resilience can only be achieved if these intangible assets are integrated with proficient digital capabilities to respond agilely to global market dynamics.