scholarly journals Determinants of Profitability and Firm Value: Evidence from Indonesian Banks

2017 ◽  
Vol 7 (1) ◽  
pp. 84 ◽  
Author(s):  
Sutardjo Tui ◽  
Mahfud Nurnajamuddin ◽  
Mukhlis Sufri ◽  
Andi Nirwana
Keyword(s):  
Firm Size ◽  
Intellectual Capital ◽  
Firm Value ◽  
Banking Industry ◽  
Stock Exchange ◽  
Insignificant Effect ◽  
Firm Profitability

<div><p><em>This study aims to analyze the effect of intellectual capital, firm size and bank liquidity on profitability and firm value. The experiment was conducted in the banking industry listed in Indonesia stock exchange from 2013 to 2015 as many as 40 banks. Data were analyzed using of </em><em>Analysis of Moment Structures Ver.22</em><em>. The results showed (1) intellectual capital has a positive and significant effect on the firm profitability and firm value; (2) firm size have a positive and insignificant effect on the firm profitability and firm value; (3) liquidity has a positive and significant effect on firm profitability, but liquidity have a negative not significant effect on the firm value; and (4) the firm profitability has a positive and significant effect on firm value.</em></p></div>

scholarly journals Intellectual Capital and Its Disclosure on Firm Value

2021 ◽  
Vol 10 (1) ◽  
pp. 86-95
Author(s):  
I Nyoman Wijana Asmara Putra ◽  
Ni Made Dwi Ratnadi
Keyword(s):  
Intellectual Capital ◽  
Firm Value ◽  
Banking Industry ◽  
Positive Impact ◽  
Stock Exchange ◽  
Secondary Data ◽  
Annual Reports ◽  
Qualitative And Quantitative ◽  
Coding Scheme ◽  
Structural Capital

Intangible assets, such as information, are becoming increasingly essential to companies. Intellectual capital is another term for knowledge assets. The aim of this study is to find empirical evidence of the influence of intellectual capital and intellectual capital disclosure on firm valuation, as well as to identify the types of disclosures made by the banking industry listed on the Indonesia Stock Exchange from 2015-2019. The data used in the analysis were secondary data from annual reports. A six-way numerical coding scheme determines the disclosure item index. With 36 disclosure objects, the disclosure categories are divided into three categories: structural capital, human capital, and external capital. Content analysis and multiple linear regression are two data analysis methods. The results of the analysis show that an average of 49.91 percent is expressed in the form of a narrative, 16.44 percent is in the form of a combination of qualitative and quantitative, 7.53 percent is in the form of numbers and 1.44 items are expressed in the form of monetary units (rupiah). Meanwhile, an average of 24.33 percent of items of disclosure were not disclosed. Intellectual capital disclosure has a positive impact on firm value, while intellectual capital has no impact. According to research, investors in the banking industry consider intellectual capital disclosure when making investments.

scholarly journals The Effect of Intellectual Capital Disclosure, Corporate Governace, and Firm Size on Firm Value

2019 ◽  
Author(s):  
Dewi Puji Rahayu
Keyword(s):  
Firm Size ◽  
Intellectual Capital ◽  
Firm Value ◽  
Stock Exchange ◽  
Coefficient Of Determination ◽  
Panel Data Regression ◽  
Data Regression ◽  
Result Show ◽  
Negative Effect ◽  
Corporate Governace

This study aims to analyze the effect of intellectual capital, corporate governance and firm size towards firm value. The research method used is panel data regression analysis, by using purposive sampling method, there are eighty one companies from 2012 – 2017 period and listed on the Indonesia Stock Exchange. The result show that, intellectual capital disclosure and firm size have a significant negative effect on firm value. Furthermore, institution ownership have a significant positive on firm value. Intellectual capital disclosure, institution ownership and firm size simultaneously have a significant on firm value, with the value of the coefficient of determination (R2) of 0.90, indicate that all independent variables can explain the variation of firm value of 90%, whereas the remainder of 10% is explained by other factors not included in the model.

scholarly journals PERAN INFORMASI MODAL INTELEKTUAL SEBAGAI VARIABEL MODERASI PADA HUBUNGAN ANTARA MODAL INTELEKTUAL DAN NILAI PERUSAHAAN

2021 ◽  
Vol 8 (2) ◽  
pp. 133
Author(s):  
Saring Suhendro ◽  
Usep Syaipudin ◽  
Mega Metalia
Keyword(s):  
Intellectual Capital ◽  
Voluntary Disclosure ◽  
Firm Value ◽  
Banking Industry ◽  
Stock Exchange ◽  
Market Value

<p><em>This paper </em><em>empirically </em><em>examines whether </em><em>type of </em><em>intellectual capital (IC) information affect market value of the firm. This paper </em><em>also </em><em>examines whether </em><em>voluntary disclosure of </em><em>intellectual capital information </em><em>will strengthen the </em><em>affect </em><em>of </em><em>intellectual capital information</em><em> to </em><em>market value of the firm.</em><em> </em><em>The samples were the banking industry firm listed on the Indonesia Stock Exchange</em><em> from 2017-2019</em><em>. The variable of </em><em>type of </em><em>IC information measured by Intellectual Capital Disclosure Index (ICDI) by modifying the approach of García-Meca and Martínez (2007). The study finds that IC positively effect on market value of the firms. Moreover, this study finds that IC information</em><em>-especially voluntary disclosure</em><em> also strengthen (as moderating variable) the IC effect on firm value. </em></p>

scholarly journals Pengaruh Intellectual Capital Dan Leverage Terhadap Financial Performance Dengan Moderasi Firm Size

2021 ◽  
Vol 26 (3) ◽  
pp. 379
Author(s):  
Viriany, Henny Wirianata
Keyword(s):  
Financial Performance ◽  
Empirical Evidence ◽  
Firm Size ◽  
Intellectual Capital ◽  
Stock Exchange ◽  
Manufacturing Sector ◽  
Sampling Technique ◽  
Research Data ◽  
Purposive Sampling ◽  
Insignificant Effect

The purpose of this study is to obtain empirical evidence in regard to the effect of intellectual capital, leverage, and liquidity on financial performance, with firm size as a moderating variable on companies in manufacturing sector, listed in Indonesia Stock Exchange for the 2017-2019 period. The research data was tested by utilizing Eviews version 11. The research samples that used are 64 companies in manufacturing sector with a total of 192 data sorted by utilizing purposive sampling technique. The research results indicate that intellectual capital possess a positive and significant effect on financial performance, while leverage possess insignificant effect on financial performance. Furthermore, the results also indicate that firm size moderate the effect of intellectual capital and leverage on financial performance.

scholarly journals Analisis Modal Intelektual Dan Ukuran Perusahaan Terhadap Nilai Perusahaan Melalui Kinerja Perusahaan Sebagai Variabel Antara

2019 ◽  
Vol 20 (1) ◽  
pp. 66
Author(s):  
Bayu Aji Kurniawan ◽  
Muslichah Muslichah
Keyword(s):  
Financial Performance ◽  
Path Analysis ◽  
Firm Size ◽  
Intellectual Capital ◽  
Firm Value ◽  
Stock Exchange ◽  
Company Performance ◽  
Food And Beverage ◽  
Positive Effect

This study examines the effect of intellectual capital and firm size on firm value with the company's financial performance as an intervening variable.. The sample used in this study is a food and beverage company that is listed on the Indonesia Stock Exchange (IDX) it the period 2014-2018. Data obtained by 65 samples. Data of this study is analyzed using path analysis. The results show that intellectual capital and firm size had a positive effect oncompany performance and firm value, and company performance mediate the effect of intellectual capital and firm size on firm value.

scholarly journals Analysis of Factors Affecting Firm Value with Intellectual Capital as Moderating Variable in Kompas 100 Companies Listed on the IDX

2021 ◽  
Vol 8 (8) ◽  
pp. 650-659
Author(s):  
Muhammad Fahriza Tampubolon ◽  
Erlina . ◽  
Khaira Amalia Fachrudin
Keyword(s):  
Firm Size ◽  
Intellectual Capital ◽  
Firm Value ◽  
Firm Growth ◽  
Stock Exchange ◽  
Secondary Data ◽  
Software Tool ◽  
Stock Company ◽  
Analytical Technique ◽  
The Relationship

The purpose of this study was to determine and examine the influence of factors that affect firm value. The factors include firm size, profitability, leverage, asset structure, liquidity, and company growth tested on companies listed in the Kompas 100 Stock Company and test whether the intellectual capital can moderate the relationship between the independent variable and the dependent variable. This research is causal research using secondary data. The population of this study is companies that are members of the Kompas 100 Stock Company listed on the Indonesia Stock Exchange from 2016 to 2019. The sampling method used is Purposive Sampling, so that there are 71 companies in 4 years of research so that 284 observations are obtained. The analytical technique used in this study is panel data regression analysis and tested for moderating with the Eviews ten software tool. The results of this study partially firm size and liquidity have a negative and insignificant effect on firm value; profitability, leverage, and firm growth have a positive and significant effect on firm value partially; and asset structure has a negative and significant effect on firm value. The intellectual capital variable does not moderate the relationship between firm size, profitability, leverage, asset structure, liquidity and firm growth on firm value. Keywords: firm size, profitability, leverage, asset structure, liquidity, firm growth, intellectual capital, firm value

scholarly journals THE EFFECT OF BOARD OF DIRECTOR, AUDIT COMMITTEE, INSTITUTIONAL OWNERSHIP TO FIRM VALUE, WITH FIRM SIZE, FINANCIAL LEVERAGE AND INDUSTRIAL SECTOR AS CONTROL VARIABLES (Study on Listed Companies in Indonesian Stock Exchange Period 2011-2015)

2018 ◽  
Vol 27 (1) ◽  
pp. 53
Author(s):  
Almira Santi Samasta ◽  
Harjum Muharam ◽  
Antonius Mulyo Haryanto
Keyword(s):  
Firm Size ◽  
Firm Value ◽  
Audit Committee ◽  
Stock Exchange ◽  
Institutional Ownership ◽  
Industrial Sector ◽  
Financial Leverage ◽  
Control Variables ◽  
Insignificant Effect ◽  
Board Of Director

This study aims to examine the effect of corporate governance’s mechanism to firm value which is proxied by Tobin’s Q. This mechanism is divided into two, internal mechanism which is proxied by board of director and audit committee and external mechanism which is  proxied by institutional ownership. This study is using control variables such as firm size, financial leverage and industrial sector.Sample used in this study are 40 companies which incorporated in several industrial sector in Indonesia which are listed in Indonesia Stock Exchange during 2011-2015. Hypothesis testing in this study is using multiple regression analysis.The result of this study shows that board of director has positive but insignificant effect to firm value in Indonesia, audit committee has positive and significant effect to firm value in Indonesia and institutional ownership has negative but insignificant effect to firm value in Indonesia. The control variables used in this study provide mixed results, where firm size has negative and insignificant effect to firm value, financial leverage has positive and significant effect to firm value and the whole industrial sector in Indonesia has no effect to firm value. From simultaneous test, this study shows that simultaneously independent variables significantly affect to firm value.

scholarly journals The Influence of Intellectual Capital, Firm Size, and Firm Growth on Firm Value with Profitability as Moderating Variable on Companies That are Joined in the Jakarta Islamic Index And Listed on the Indonesia Stock Exchange 2016-2019 Period

2021 ◽  
Vol 8 (7) ◽  
pp. 296-303
Author(s):  
Aji Sugandi ◽  
Rina Br Bukit ◽  
Tarmizi .
Keyword(s):  
Firm Size ◽  
Intellectual Capital ◽  
Firm Value ◽  
Firm Growth ◽  
Stock Exchange ◽  
Secondary Data ◽  
Analysis Technique ◽  
Size Firm ◽  
Saturated Sample ◽  
The Relationship

The purpose of this study was to determine and examine the effect of intellectual capital, firm size, and firm growth on firm value in companies that are incorporated in the Jakarta Islamic Index and listed on the Indonesia Stock Exchange and test whether profitability can moderate the relationship between the independent variables and the dependent variable. This research is causal research using secondary data. The population of this study is companies that are members of the Jakarta Islamic Index listed on the Indonesia Stock Exchange from 2016 to 2019. The method of determining the sample uses a saturated sample so that a sample of 57 companies is obtained multiplied by four years of research to obtain 228 observations. The analysis technique used in this study uses panel data regression analysis and moderating test with Eviews 10 software tools. The results of this study partially intellectual capital has a negative and significant effect on firm value. Firm size has a negative and significant effect on firm value, and firm growth has a positive and significant effect on firm value. The profitability variable moderates the relationship between the influence of intellectual capital and firm size on firm value and does not moderate the relationship between the effect of firm growth on firm value. Keywords: Intellectual Capital, Firm size, Firm growth, Profitability, Firm Value.

scholarly journals PENGARUH KEPEMILIKAN MANAJERIAL, UKURAN PERUSAHAAN, PROFITABILITAS, KEBIJAKAN DIVIDEN, KEPUTUSAN INVESTASI, STRUKTUR MODAL DAN INTELLECTUAL CAPITAL TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN KELUARGA YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2016 – 201

2021 ◽  
Vol 33 (01) ◽  
pp. 79-99
Author(s):  
Endang Wahyuni ◽  
Endang Purwaningsih
Keyword(s):  
Capital Structure ◽  
Firm Size ◽  
Intellectual Capital ◽  
Firm Value ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Investment Decisions ◽  
Managerial Ownership ◽  
Significant Positive Effect ◽  
Positive Effect

This study aims to provide empirical evidence regarding the effect of managerial ownership, firm size, profitability, dividend policy, investment decisions, capital structure and intellectual capital on firm value. The population of this study is family companies listed on the Indonesia Stock Exchange during 2016-2019. The sample of this research is 128 samples. Sampling using purposive sampling method, namely determining the sample from the existing population based on the criteria desired by the researcher. This study uses multiple linear regression to analyze the data. The results of this study indicate managerial ownership has no effect on firm value, firm size has no effect on firm value, profitability has a significant positive effect on firm value, dividend policy has no effect on firm value, investment decisions have a significant positive effect on firm value, capital structure has a significant negative effect on firm value, and intellectual capital has no effect on firm value.

STRUKTUR MODAL DAN UKURAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN DENGAN PROFITABILITAS SEBAGAI VARIABEL INTERVENING. (STUDI KASUS PADA PERUSAHAAN MANUFAKTUR SEKTOR INDUSTRI BARANG KONSUMSI YANG TERDAFTAR DI BEI PERIODE 2016-2018).

2020 ◽  
Vol 4 (02) ◽  
Author(s):  
Anindiya Mustika Gunarwati ◽  
Siti Maryam ◽  
Sudarwati Sudarwati
Keyword(s):  
Capital Structure ◽  
Firm Size ◽  
Firm Value ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Company Size ◽  
Manufacturing Companies ◽  
Descriptive Research ◽  
Company Value ◽  
Quantitative Descriptive

The purpose of this study was to determine the effect of Capital Structure and Firm Size on Firm Value with Profitability as Intervening Variables. (Case Study on Manufacturing Companies in the Consumer Goods Industry Sector which are listed on the Indonesia Stock Exchange for the 2016-2018 Period). This research uses quantitative descriptive research type. Sample 27 companies using Purposive sampling technique. The analysis method uses path analysis with SPSS software version 21.Based on the test result min this study that the variable capital structure and company size have a positive and significant effect on profitability. Capital structure has no effect on firm value, firm size and profitability affect company value, and profitability is able to mediate the effect of capital structure and firm size on firm value. Keywords: capital structure, company size, profitability and firm value.

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