scholarly journals PENGARUH MODAL INTELEKTUAL, KINERJA KEUANGAN, INVESTASI PADA RISET DAN PENGEMBANGAN TERHADAP NILAI PERUSAHAAN (PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BEI)

2015 ◽  
Vol 7 (2) ◽  
pp. 29
Author(s):  
Wiwin Sukiati ◽  
Nunung Nuryani ◽  
Tevi Leviany
Keyword(s):  
Research And Development ◽  
Financial Performance ◽  
Intellectual Capital ◽  
Firm Value ◽  
Regression Models ◽  
Corporate Value ◽  
Linear Regression Models ◽  
Moderating Variables ◽  
A Company ◽  
Multiple Linear Regression Models

Abstract. One of the issues that are important to the company's management is to identify the trigger value of the company. Intellectual capital becomes one of the things that become an important discussion to increase the value of a company in addition to other than financial performance and investment in research and development. Ownership of the company both institutional and managerial through its oversight function to strengthen the influence of intellectual capital on corporate value is, therefore, the purpose of this study was to examine the effect of intellectual capital, financial performance as well as investments in research and development to corporate value. In addition, this study also tested whether the ownership of both institutional and managerial company can strengthen the effect of intellectual capital on firm value. This study uses a sample of 16 companies for the period 2008-2012. Testing the hypothesis of the study used multiple linear regression models for the interaction of moderating variables. Research results show that the variable intellectual capital, profitability, and investments in research and development having a positive on corporate value, while financial performance is measured by leverage had no effect on the value of the company. In addition, this study proves that the ownership of company shares by managerial and institutional weaken the influence of intellectual capital on firm value.Keywords. firm value; intellectual capital; financial performance; investment in research and development,Abstrak. Salah satu isu yang penting bagi manajemen perusahaan adalah mengidentifikasi pemicu nilai perusahaan. Modal intelektual menjadi salah satu hal yang menjadi pembahasan penting untuk meningkatkan nilai sebuah perusahaan disamping selain kinerja keuangan dan investasi pada riset dan pengembangan. Kepemilikan perusahaan baik institusional maupun manajerial melalui fungsi pengawasannya dapat memperkuat pengaruh modal intelektual terhadap nilai perusahaan oleh karena itu tujuan penelitian ini adalah untuk menguji pengaruh modal intelektual, kinerja keuangan serta investasi pada riset dan pengembangan terhadap nilai perusahaan. Selain itu penelitian ini juga menguji apakah kepemilikan perusahan baik institusional maupun manajerial dapat memperkuat pengaruh modal intelektual terhadap nilai perusahaan. Penelitian ini menggunakan 16 sampel perusahaan untuk periode 2008-2012. Pengujian hipotesis penelitian digunakan uji regresi linear berganda dengan model interaksi untuk variabel pemoderasi. hasil penelitian menunjukan bahwa variabel modal intelektual, profitabilitas (kinerja Keuangan) serta investasi pada riset dan pengembangan berpegaruh positif terhadap nilai perusahaan, sedangkan kinerja keuangan yang diukur oleh leverage tidak berpengaruh pada nilai perusahaan. Selain itu, penelitian ini membuktikan bahwa kepemilikan saham perusahaan oleh manajerial dan institusional memperlemah pengaruh modal intelektual terhadap nilai perusahaan.Kata Kunci. nilai perusahaan; modal intelektual; kinerja keuangan; investasi pada riset dan pengembangan,

scholarly journals INTENSITAS RESEARCH AND DEVELOPMENT, GOODWILL, INTELLECTUAL CAPITAL DAN PERFORMA FINANSIAL SEBAGAI PENENTU NILAI PERUSAHAAN

2021 ◽  
Vol 1 ◽  
pp. 296-306
Author(s):  
Ellen Monata Wahono ◽  
Shinta Permata Sari
Keyword(s):  
Research And Development ◽  
Financial Performance ◽  
Intellectual Capital ◽  
Firm Value ◽  
Stock Exchange ◽  
Total Sample ◽  
Annual Reports ◽  
Manufacturing Companies ◽  
Fierce Competition ◽  
A Company

The increasingly fierce competition that occurs between companies in the  current  era of globalization is forcing the company to improve its strategies. Therefore, the main purpose of establishing a company is to increase the value of the firm. To achieve that purpose,managers have to understand the factors that can increase the value of the firms and also fulfillthe interests of stakeholders. This study aims to analyze the effect of Research and Development Intensity (RnD), Goodwill (GDW), Intellectual Capital (IC), and Financial Performance (PF) on Firm Value. The research data is obtained from  the  annual reports  of  manufacturing  companies  listed  on the Indonesia  Stock  Exchange  in 2015-2019 with a total sample of 60 after meeting certain criteria. The data is analyzed using multiple linear regression analysis.The results show that goodwill, intellectual  capital,  and financial performance have an effect on firm value. Meanwhile, the intensity of research and development has no effect on firm value The increasingly fierce competition that occurs between companies in the  current  era of globalization is forcing the company to improve its strategies. Therefore, the main purpose of establishing a company is to increase the value of the firm. To achieve that purpose,managers have to understand the factors that can increase the value of the firms and also fulfillthe interests of stakeholders. This study aims to analyze the effect of Research and Development Intensity (RnD), Goodwill (GDW), Intellectual Capital (IC), and Financial Performance (PF) on Firm Value. The research data is obtained from  the  annual reports  of  manufacturing  companies  listed  on the Indonesia  Stock  Exchange  in 2015-2019 with a total sample of 60 after meeting certain criteria. The data is analyzed using multiple linear regression analysis.The results show that goodwill, intellectual  capital,  and financial performance have an effect on firm value. Meanwhile, the intensity of research and development has no effect on firm value    

The Influence of Human Capital on Financial Performance and Corporate Value

2019 ◽  
Vol 10 (1) ◽  
pp. 47-56
Author(s):  
MULYANINGTYAS MULYANINGTYAS
Keyword(s):  
Human Capital ◽  
Financial Performance ◽  
Firm Value ◽  
Stock Exchange ◽  
Learning Experience ◽  
Vital Role ◽  
Knowledge Capital ◽  
Corporate Value ◽  
Descriptive Approach ◽  
A Company

Human Capital (HC) reflects the knowledge capital of employees of an organization. In this era there was a huge changes in the economic field where human capital would be a factor of production that has a vital role. One way to increase human capital for companies is to increase expertise through learning experience programs. Profitability is a reflection of the financial performance of a company and a company that is well aware of the management of Human Capital, because the good and bad of Human Capital will affect the company's financial position directly and affect the company's profitability in the end. This study aims to determine whether the influence of human capital on firm value with financial performance as an intervening variable in the banking companies on the IDX registered in 2012-2016. This study uses two approaches, namely descriptive approach and explanatory approach. The technique of determining the sample of this study was purposive sampling carried out on banking companies which during 2012 to 2016 were listed on the Indonesia Stock Exchange.

Pengaruh Ukuran Perusahaan, Struktur Modal, dan Pertumbuhan Perusahaan terhadap Nilai Perusahaan

2019 ◽  
Vol 1 (1) ◽  
pp. 1-15
Author(s):  
Kurniawan Kurniawan ◽  
Nurainun Bangun ◽  
Henryanto Wijaya ◽  
Thea Rahardjo
Keyword(s):  
Capital Structure ◽  
Firm Size ◽  
Firm Value ◽  
Regression Models ◽  
Manufacturing Industry ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Linear Regression Models ◽  
Simultaneous Testing ◽  
Multiple Linear Regression Models

The value of the company becomes an important thing related to the acquisition of funds through investment. Investors make the value of the company as an important consideration for investing. Companies must try to increase the value of their company to attract investors. The purpose of the research is to empirically examine the effect of company size, capital structure, and growth on firm value. The population used in this study is the manufacturing industry listed on the Indonesia Stock Exchange for the period 2014-2016. By using purposive sampling technique. The statistical method used to test hypotheses is multiple linear regression models and tested using SPSS. The results of this study indicate that there is a significant effect of firm size on firm value, there is no significant effect of capital structure on firm value, and there is a significant effect of growth on firm value. Simultaneous testing shows that there are significant effects of variable firm size, profitability, and capital structure on firm value.

scholarly journals THE EFFECT OF INTELLECTUAL CAPITAL ON CORPORATE VALUE

2018 ◽  
pp. 17
Author(s):  
Yayuk Sri Rahayu ◽  
Putri Kurnia Widiati
Keyword(s):  
Financial Performance ◽  
Financial Institutions ◽  
Intellectual Capital ◽  
Indirect Effect ◽  
Firm Value ◽  
Value Added ◽  
Securities Market ◽  
Corporate Value ◽  
Item Data

<p>Economic development has many methods in development of financial institutions banking. Liquidity management can affect the institution. The crisis in financial sector is caused by low capability of financial institutions to deal fund sources. It affects the development of securities market and real sector. This study aims to analyze the effect of Intellectual Capital on Banking Value in Indonesia. The effect of Intellectual Capital is derived revenue (financial performance) on Banking Value, indirect effect of Intellectual Capital to Company's value of financial performance. This research is a descriptive explanatory research to test the hypotheses. The population is all Indonesia Banking. This research uses 30 banks with 5 years period (series) from year 2011 until 2015. The samples are 5 years x 30 = 150 item data and analyzed by path analysis. The research results indicate that companies should aware to important role of intellectual capital management. Company must manage intellectual capital within company, because it can affect on firm value. Intellectual capital has a significantly and positive effect on financial performance. In addition, there is an indirect effect of Intellectual Capital on firm value through financial performance. Optimal intellectual capital will create value added to company to provide a separate characteristic. The company will be able to compete with its competitors, because it has a unique competitive advantage.</p><strong>Keywords</strong>: intellectual capital, financial performance, corporate value

scholarly journals PENGARUH PAD DAN DANA PERIMBANGAN TERHADAP KINERJA KEUANGAN DAERAH DAN KESEJAHTERAAN MASYARAKAT DI JAWA TENGAH

2020 ◽  
Vol 5 (2) ◽  
pp. 212-225
Author(s):  
Nuwun Priyono ◽  
◽  
Ari Fatimah ◽  
Yulida Nurcahya ◽  
◽  
...  
Keyword(s):  
Linear Regression ◽  
Financial Performance ◽  
Regression Models ◽  
Research Method ◽  
Secondary Data ◽  
Sampling Technique ◽  
Linear Regression Models ◽  
Central Java ◽  
Independent Variable ◽  
Multiple Linear Regression Models

This study examined the effect of PAD and balance funds on regional financial performance and community welfare in districts / cities in Central Java. The purpose of this study was to prove how much effect the PAD, DBH, DAU and DAK had on regional financial performance and the level of community welfare in districts / cities in Central Java, both partially and simultaneously. The data used in this research was secondary data. The sampling technique used purposive sampling which was the technique of determining the sample with certain considerations. Samples were taken as many as 31 districts / cities in Central Java. The research method used causality research with multiple linear regression models. In this study, the independent variable affects the dependent variable. The results showed that DAU, and DAK partially effected regional financial performance, while PAD, DBH, DAU, and DAK simultaneously affected regional financial performance. The results of other studies indicate that partially there were only two variables PAD and DAU that affect the level of community welfare. Besides that simultaneously PAD, DBH, DAU and DAK variables affect the level of community welfare.

scholarly journals The Influence of Locally Generated Revenue, Public Allocation Funds and Specific To Financial Performance of The Region in The City/Regency Government in Aceh Province

2017 ◽  
Vol 1 (01) ◽  
pp. 43
Author(s):  
Zainal Putra
Keyword(s):  
Linear Regression ◽  
Financial Performance ◽  
Regression Models ◽  
Secondary Data ◽  
Jel Classification ◽  
Linear Regression Models ◽  
Know How ◽  
Aceh Province ◽  
The City ◽  
Multiple Linear Regression Models

<p>The purpose of this research are: (1). To know how the condition of region own source revenue, the general allocation fund, special allocation fund and regional financial performance , (2). To find out the influence of region own source revenue, the general allocation fund, special allocation fund to the region financial performance, (3). To know the influence of region own source revenue to the region financial performance, (4). To find out the influence of the general allocation fund to the region financial performance, (5). to know the effect of the special allocation fund toward region financial performance. The data used in this research is a secondary data obtained from the office of BPK RI Aceh province Representative. The data collected in the form of pooling data in period of 2008-2012. The entire population in this research are sampled as many as 23 regencies / cities in Aceh province. In analyzing the data using multiple linear regression models. The results showed that: (1). Regencies / cities in Aceh province the category of of region finance ability is “very less" and the category of Region Finance Independence is "very low" with a pattern of "instructive" relationship, (2). The financial performance of the region show a decreasing trend in the span of 2008-2012 , (3). The variable of region own source revenue, general allocation fund, special allocation fund simultaneously influential and significant to the variable of regional financial performance , (4). Partially only variable of general allocation fund and variable of special allocation fund that influence and significant toward the variable of regional financial performance, whereas the variable of region own source revenue does not influence significantly to the variable of regional financial performance.</p><p><br />JEL Classification: H20, H50, P50<br />Key words: The General Allocation Fund, The Region Own Source Revenue, The Regional Financial Performance, The Special Allocation Fund</p>

scholarly journals The Effect of Working Capital, Leverage, and Firm Size towards Corporate Performance with Liquidity ss Moderating Variables

2018 ◽  
Vol 1 (1) ◽  
Author(s):  
Adam Firman Rizqi ◽  
Wiwi Idawati
Keyword(s):  
Firm Size ◽  
Regression Models ◽  
Corporate Performance ◽  
Analytical Tool ◽  
Linear Regression Models ◽  
Working Capital ◽  
Moderating Variables ◽  
Negative Effect ◽  
Positive Effect ◽  
Multiple Linear Regression Models

The purpose of this research to analyse the effect of working capital, leverage, firm size and liquidity on corporate performance, with liquidity as a moderating variable. Samples in this research uses the 29 companies listed on IDX are in the category LQ45 period February 2013 - February 2016. The analytical tool used in this research is multiple linear regression models with path analysis. These results indicate that working capital positive effect on corporate performance, firm size negative effect on corporate performance. Leverage and Liquidity are no effect on corporate performance. Liquidity as a moderating variable indicate strengthen the effect of working capital while liquidity weakens the leverage effect on corporate performance.

FAKTOR DETERMINAN PENYALURAN KREDIT BANK PERSERO

2018 ◽  
Vol 23 (1) ◽  
pp. 60-71
Author(s):  
Wigiyanti Masodah
Keyword(s):  
Interest Rate ◽  
Linear Regression ◽  
Interest Rates ◽  
Regression Models ◽  
Linear Regression Models ◽  
Negative Impacts ◽  
Main Activity ◽  
The Impact ◽  
The Given ◽  
Multiple Linear Regression Models

Offering credit is the main activity of a Bank. There are some considerations when a bank offers credit, that includes Interest Rates, Inflation, and NPL. This study aims to find out the impact of Variable Interest Rates, Inflation variables and NPL variables on credit disbursed. The object in this study is state-owned banks. The method of analysis in this study uses multiple linear regression models. The results of the study have shown that Interest Rates and NPL gave some negative impacts on the given credit. Meanwhile, Inflation variable does not have a significant effect on credit given. Keywords: Interest Rate, Inflation, NPL, offered Credit.

scholarly journals Isotonic quadriceps endurance is better associated with daily physical activity than quadriceps strength and power in COPD: an international multicentre cross-sectional trial

2021 ◽  
Vol 11 (1) ◽  
Author(s):  
Erik Frykholm ◽  
Sarah Gephine ◽  
Didier Saey ◽  
Arthur Lemson ◽  
Peter Klijn ◽  
...  
Keyword(s):  
Physical Activity ◽  
Linear Regression ◽  
Multiple Linear Regression ◽  
Regression Models ◽  
Sedentary Time ◽  
Quadriceps Strength ◽  
Linear Regression Models ◽  
Cross Sectional ◽  
Quadriceps Function ◽  
Multiple Linear Regression Models

AbstractKnowledge about modifiable determinants of daily physical activity (PA) in patients with chronic obstructive pulmonary disease (COPD) is crucial to design effective PA interventions. The present study aimed to determine the contribution of quadriceps strength, power and endurance to daily PA in COPD. Additionally, for quadriceps endurance, we also aimed to determine to what extent the association varies according to the mode of movement (isotonic, isometric, or isokinetic). Using a multicentre cross-sectional trial design we determined the contribution of quadriceps function to daily PA (steps, sedentary time and time spent doing moderate-to-very-vigorous physical activity [MVPA]) using bivariate and partial Pearson correlation analysis (r) and multiple linear regression models (ΔR2). Pre-determined controlling factors were sex, age, body mass index (BMI), COPD-assessment test, forced expiratory volume in one second in percent of the predicted value (FEV1pred), and distance walked on the 6-minute walk test. Eighty-one patients with COPD (mean ± SD: age 67 ± 8 years, FEV1pred 57 ± 19%, daily steps 4968 ± 3319, daily sedentary time 1016 ± 305 min, and MVPA time 83 ± 45 min) were included. Small to moderate bivariate correlations (r = .225 to .452, p < .05) were found between quadriceps function and measures of PA. The best multiple linear regression models explained 38–49% of the variance in the data. Isotonic endurance was the only muscle contributor that improved all PA models; daily steps (ΔR2 = .04 [relative improvement 13%] p = .026), daily sedentary time (ΔR2 = .07 [23%], p = .005) and MVPA-minutes (ΔR2 = .08 [20%], p = .001). Isotonic endurance was also independently associated with most PA variables, even when controlling for strength, power or isometric-isokinetic endurance properties of the muscle (r = .246 to .384, p < .05). In contrast, neither strength, power, isometric-or isokinetic endurance properties of the muscle was independently associated with PA measures when controlling for isotonic endurance (r = .037 to .219, p > .05). To conclude, strength, power, and endurance properties of the quadriceps were low to moderately associated with PA in patients with COPD. Isotonic quadriceps endurance was the only quadriceps property that was independently associated with the different measures of PA after controlling for a basic set of known determinants of PA, quadriceps strength or power, or isometric or isokinetic quadriceps endurance. Future longitudinal studies should investigate its potential as a modifiable determinant of PA.

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