The Effect of Intellectual Capital on Firm Value with Profitability as Intervening Variable
Study on Manufacturing Companies Registered at ISSI 2016-2020
Abstract
This study aims to determine the effect of intellectual capital on firm value through the financial performance of manufacturing companies in the basic and chemical industry sub-sectors listed on the Indonesian Sharia Stock Index. This research data use secondary data, namely panel data from a research period from 2016 to 2020. The dependent variable used is firm value. The independent variable used is intellectual capital. And the intervening variable is profitability. The population of this research is basic and chemical industrial manufacturing companies registered at ISSI. The sampling technique used in this research is purposive sampling with random sample selection with certain considerations. The analytical method used in this research is path analysis to find out whether intellectual capital affects firm value through profitability as an intervening variable. The data obtained is processed using the SPSS 23 tool. The results of this study indicate that intellectual capital does not affect the firm value if it is mediated by profitability.
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Hermawan, Sigit., & Reny Octavia, E. M. (2020). Intellectual Capital Financial Performance, and Competitive Advantage: Evidence from Islamic Banking in Indonesia and Malaysia (1st ed.). Indomedia Pustaka.
Eliza, A. (2011). The Influence of Intellectual Capital on Market Valuation of the Indonesian Banking Sector 2004 – 2008. Journal of Sharia Economic Law, 3(1), 96. https://doi.org/10.1177/003172170108200922
Fitriasari, N. M. A. D., & Ratna Sari, M. M. (2019). The Effect of Intellectual Capital on Firm Value with Financial Performance as an Intervening Variable. E-Jurnal Accounting, 26, 1735. https://doi.org/10.24843/eja.2019.v26.i03.p02
Gani, P. (2022). The Effect of Intellectual Capital on Financial Performance and Firm Value (Study on Food and Beverage Companies Listed on the IDX). Owner, 6(1), 518. https://doi.org/10.33395/owner.v6i1.613
Ghazali, I. (2011). Multivariate Analysis Application with IBM SPSS 19 Program. Diponegoro University Publishing Agency.
Harry. (2017). Accounting Research Studies: Reviewing Various Recent Research Results in Accounting and Finance. Grasindo.
Ike Purnomo, L. (2018). The Influence of Intellectual Capital on Profitability in Property and Real Estate Service Industry Companies on the Indonesia Stock Exchange in 2011-2015. Journal of Sustainable Accounting, 1(1), 105.
Isvara, I Ketut Yoni Maha Dharma, M. A. W. I. P. J. (2017). The Influence of Intellectual Capital on Firm Value with Financial Performance as an Intervening Variable. Journal of Accounting, 8(2). https://doi.org/10.22441/profita.2018.v11.02.009
Kusuma, I. L. (2017). Intellectual Capital: One of the Determinants of Competitive Advantage. Journal of Accounting and Taxes, 16(01), 48. https://doi.org/10.29040/jap.v16i01.21
Maryanto, H. K. (2017). The Influence of Intellectual Capital and Good Corporate Governance on Firm Value with Financial Performance as an Intervening Variable (Study on Manufacturing Companies Listed on the Stock Exchange in 2011-2014). Journal of Jom Fekon, 4(1), 1603. https://hsgm.saglik.gov.tr/depo/birimler/saglikli-beslenme-hareketli-hayat-db/Yayinlar/kitaplar/diger-kitaplar/TBSA-Beslenme-Yayini .pdf
Maswar. (2017). Descriptive Statistical Analysis of Student Econometrics UAS Values with SPSS 23 Program and Eviews 8.1. Indonesian Journal of Islamic Education, 1(2), 274. https://doi.org/10.35316/jpii.v1i2.54
Misran, M., & Chabachib, M. (2017). Analysis of the Effect of DER, CR, and TATO on PBV with ROA as an Intervening Variable (Study on Property and Real Estate Companies Listed on the Indonesia Stock Exchange in 2011-2014). Diponegoro Journal Of Management, 6(1), 5. https://ejournal3.undip.ac.id/index.php/djom/article/view/17552/16801
Nurkharimah, M., Hardiyanto, A. T., & Iryani, L. D. (2019). The Influence of Intellectual Capital on the Profitability of Manufacturing Companies in the Food and Beverage Sub-Sector Listed on the IDX in 2014-2018. Journal of Accounting, 1, 105–112.
Robiyanto, R., Nafiah, I., Harijono, H., & Inggarwati, K. (2020). The Effect of Profitability on the Value of Hospitality and Tourism Companies with Capital Structure as an Intervening Variable. Scientific Journal of Asian Business and Economics, 14(1), 55. https://doi.org/10.32812/jibeka.v14i1.153
Silalahi, E. M. (2021). Intellectual Capital (Improve your Employee Productivity and Performance). Depublish.
Sugiyono. (2011). Quantitative, Qualitative, and R&D Research Methods. Alphabet.
Sujawerni, W. (2015). Business and Economic Research Methodology. New Press Library.
Toto, P. (2020). Financial Statement Analysis. PT. Gramedia Pustaka Utama.
Ulum, I. (2017). Intellectual Capital: Measurement Model, Disclosure Framework & Organizational Performance. University of Muhammadiyah Malang.
Wibowo, A. (2020). Corporate Strategy (Concepts and Practices). Andy Publisher.
Wijaya, R. A., Candana, D. M., Zefriyenni, Z., & Ridwan, R. (2020). The Influence of Intellectual Capital on Firm Value with Profitability as an Intervening Variable (Study on Mining Companies Listed on the Indonesia Stock Exchange 2014-2018 Period). Journal of Applied Management Science, 2(1), 82. https://doi.org/10.31933/jimt.v2i1.326
Wulandari, A., & Purbawati, D. (2019). The influence of intellectual capital on firm value through financial performance as an intervening variable (study on pharmaceutical sub-sector companies listed on the Indonesia Stock Exchange for the 2016-2019 period). Journal of Business Administration, 10(I), 800.
Zuliansyah, A. (2016). Intellectual Disclosure on Company Performance. ASAS (Journal of Sharia Economic Law, 8(1), 13. https://doi.org/https://doi.org/10.24042/asas.v8i1.1230.
Published
2022-07-20
How to Cite
Fauziah, S., Any, E., & Ersi, S. (2022). The Effect of Intellectual Capital on Firm Value with Profitability as Intervening Variable. Annual International Conference on Islamic Economics and Business (AICIEB), 2(1), 244-255. https://doi.org/https://doi.org/10.18326/aicieb.v2i1.178
Section
ARTICLES
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