Mediation Effect of Financial  Performance on The Influence of Intellectual Capital on Firm Value

This study aims to determine the mediating effect of financial performance on the effect of intellectual capital on firm value. This research was conducted at companies incorporated in LQ-45 listed on the Indonesian stock exchange. The sample of this research is the financial statements of companies incorporated in LQ-45 in the 2014-2019 period that publish financial statements continuously. Analysis of the data in this study using SEM-PLs using WarpPLs 6.0 software. The results of this study indicate that VACA, VAHU and STVA have a positive effect on firm value. In addition, this study also found that of the three intellectual capital proxies, only VACA and STVA had a positive effect on financial performance, while VAHU did not support the research hypothesis because it had a negative effect on financial performance. Further findings show that financial performance mediates the effect of VACA and STVA on firm value.

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PENGARUH INTELLECTUAL CAPITAL TERHADAP KINERJA KEUANGAN PERUSAHAAN DAN PENILAIAN PASAR DENGANCORPORATE GOVERNANCE SEBAGAI VARIABEL MODERASI

Jurnal Akuntansi Trisakti ◽

10.25105/jat.v2i2.4896 ◽

2015 ◽

Vol 2 (2) ◽

pp. 87

Author(s):

Citra Chairunissa ◽

Raden Rosiyana Dewi

Keyword(s):

Corporate Governance ◽

Financial Performance ◽

Intellectual Capital ◽

Sampling Method ◽

Stock Exchange ◽

Market Value ◽

Coefficient Of Determination ◽

Normality Test ◽

Negative Effect ◽

Positive Effect

The objective of the emperical study is to examine and to analyze 1) The Influence of Intellectual Capital to Financial Performance, 2 ) The Influence of Intellectual Capital to Market Value, 3) The Influence of Intellectual Capital to Financial Performance with Corporate Governance as an Moderating 4) The Influence of Intellectual Capital to Market Value with Corporate Governance as an Moderating Variable. The sample of this emperical study is the company financing company that listed in the Indonesia Stock Exchange (IDX) 2010-2012. This research uses purposive sampling method. Data analysis techniques include 1) Descriptive statistics, 2) Normality Test, 3) Classical Test Assumptions : Multicollinearity and Heteroskidastity , 4) Regression Testing : Coefficient of Determination Test , F Test , danUji T. The results of this empirical study are 1) Intellectual Capital significant positive effect on the company 's financial performance , 2) Intellectual Capital significant negative effect on market valuation , 3) Intellectual Capital no significant effect on the financial performance of companies with moderated Corporate Governance, 4) Intellectual Capital had no significant effect assessment of the performance market with moderated Corporate Governance

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Analisis Modal Intelektual Dan Kinerja Keuangan Serta Pengaruhnya Terhadap Nilai Perusahaan

10.31227/osf.io/j5e9u ◽

2019 ◽

Author(s):

Riski Wahyudi ◽

Lidya Martha

Keyword(s):

Financial Performance ◽

Intellectual Capital ◽

Firm Value ◽

Stock Exchange ◽

Value Added ◽

Financial Statements ◽

Manufacturing Companies ◽

Return On Assets ◽

Book Value ◽

Company Value

This study aims to examine the effect of intellectual capital and financial performance on the value of companies in manufacturing companies listed on the Indonesia Stock Exchange (IDX). The research population is all manufacturing companies listed on the Indonesia Stock Exchange for the period 2013 - 2017. This sample was selected using a purposive sampling method with sample criteria. Manufacturing is listed on the IDX during the end of 2017 period, Manufacturing is listed consecutively during the period 2013 - 2017, Manufacturing that uses Rupiah, Manufacturing that has complete financial statements for the period 2013 - 2017, Manufacturing that has financial data in accordance with the variables to be tested, namely Price to Book Value, Value Added Intellectual Coefficient, Return On Assets, and Manufacturing that does not has data outliers, and obtained a sample of 11 companies. The data source is the annual financial statements of manufacturing companies taken through the official website of the Indonesia Stock Exchange ( www.idx.co.id ). Testing uses panel data regression analysis with the Eviews Program tool. Intellectual capital is measured using Value Added Intellectual Coefficient (VAIC), while financial performance is measured by Return on Assets (ROA) and company value measured by Price to Book Value (PBV). The results showed that the variable intellectual capital had a negative and not significant effect on firm value, while financial performance had a positive and significant effect on firm value.

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Intellectual Capital, Leverage dan Profitabilitas Perusahaan Sub-Sektor Asuransi di Bursa Efek Indonesia

E-Jurnal Akuntansi ◽

10.24843/eja.2020.v30.i12.p09 ◽

2020 ◽

Vol 30 (12) ◽

pp. 3110

Author(s):

Putu Winda Agastya Paramita ◽

I Gusti Ayu Made Asri Dwija Putri

Keyword(s):

Linear Regression ◽

Financial Performance ◽

Intellectual Capital ◽

Sampling Method ◽

Stock Exchange ◽

Sampling Technique ◽

Analysis Technique ◽

Negative Effect ◽

A Company ◽

Positive Effect

The company's financial performance can be used as a tool to measure the overall level of health of a company. One indicator that is often used to measure a company's financial performance is profitability. Profitability is the level of a company's ability to generate profits and measure operational efficiency and the efficiency of the use of its assets. There are several factors that are thought to affect profitability including intellectual capital and leverage. This study aims to determine the effect of intellectual capital and leverage on company profitability. This research was conducted on 11 insurance sub-sector companies listed on the Indonesia Stock Exchange in 2016-2018. The sampling technique used is non probability sampling with the purpose sampling method. The analysis technique used in this study is multiple linear regression. The final results show that intellectual capital has a positive effect on profitability and leverage has a negative effect on company profitability. Keywords: Intellectual Capital; Leverage; Profitability.

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Pengaruh Tatakelola Terhadap Nilai Perusahaan Perbankan: ROA Dan NPL Sebagai Mediasi

Jurnal Ekonomi ◽

10.24912/je.v26i2.751 ◽

2021 ◽

Vol 26 (2) ◽

pp. 280

Author(s):

Lisa Dentika, Syamsul Ridjal, La Ode Sumail

Keyword(s):

Financial Performance ◽

Firm Value ◽

Sampling Technique ◽

Financial Statements ◽

Data Sources ◽

Negative Effect ◽

Bank Governance ◽

Positive Effect

This study attempts to investigate the effect of governance on firm value mediated by financial performance and risk of banking firms on the IDX. The sampling technique uses 46 saturated samples and data sources from the 2017-2020 financial statements so that the number of observations is 184. This study finds that bank governance can encourage an increase in firm value. Governance has a positive effect on ROA but has a negative effect on NPL. ROA has a positive effect on PBV and NPL has a negative effect on PBV. Governance has a positive and significant effect on PBV mediated by ROA and governance has a negative and significant effect on PBV mediated by NPL. Therefore, the role of ROA and NPL as partial mediation (partial mediation).

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Intellectual Capital Effectiveness of Jordanian Banks Financial Performance

WSEAS TRANSACTIONS ON BUSINESS AND ECONOMICS ◽

10.37394/23207.2021.18.56 ◽

2021 ◽

Vol 18 ◽

pp. 552-568

Author(s):

Abdulaziz Saymeh ◽

Harbi Arikat ◽

Firas Hashem ◽

Ashraf Al-khalieh

Keyword(s):

Financial Performance ◽

Intellectual Capital ◽

Stock Exchange ◽

Financial Statements ◽

Descriptive Statistics ◽

Study Group ◽

Return On Assets ◽

Amman Stock Exchange ◽

Financial Intelligence ◽

Positive Effect

Subject research intended to realize the effect of intellectual capital on the outcomes of Jordan’s banks listed on Amman Stock Exchange (ASE). Researchers had relyed on Pulic’s model to realize the reaserch objectives, the researchers had analyzed the banks’ historical financial statements. The study group consisted of all the banks listed on ASE for (2012-2018) period. Researchers had used the descriptive statistics and the basic fundamental analysese tools to mesure the effect of ideological capital as well as financial intelligence on the financial performance of sample banks [1]. This research had revealed a statistically significant positive effect of intellectual capital on the performance of the sample banks represented by the return on assets, while the research indicated that there was no significant effect of intellectual capital on the assets returns of ASE banks

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Influence of Corporate Governance on Firm Value Through Intellectual Capital and Corporate Social Responsibility

Journal of Public Administration and Governance ◽

10.5296/jpag.v9i4.15135 ◽

2019 ◽

Vol 9 (4) ◽

pp. 148

Author(s):

Zainab Masitha ◽

Djuminah

Keyword(s):

Corporate Social Responsibility ◽

Social Responsibility ◽

Intellectual Capital ◽

Firm Value ◽

Audit Committee ◽

Stock Exchange ◽

Negative Effect ◽

Corporate Social ◽

The Relationship ◽

Positive Effect

This study aims to find out empirical evidence about the influence of corporate governance on firm value through intellectual capital and corporate social responsibility. The sample used in this study amounted to 123 manufacturing companies listed on the Indonesia Stock Exchange continuously during the period 2015-2017 using purposive sampling technique. This study uses quantitative methods with secondary data obtained from annual reports that have been published by the Indonesia Stock Exchange during the period 2015-2017, which can be accessed through www.idx.co.id. Data analysis in this study uses Structural Equation Modeling based on Partial Least Square (SEM-PLS) with SmartPLS 3.0 software.The results showed that the board of commissioners had a significant negative effect on intellectual capital and had a significant positive effect on corporate social responsibility. Board of Commissioners has a significant positive effect on intellectual capital and has a significant negative effect on corporate social responsibility. The board of commissioners, audit committees, intellectual capital and corporate social responsibility have a positive and significant effect on firm value. Intellectual capital is not able to mediate the relationship between the board of commissioners and firm value, as well as the relationship of the audit committee to firm value. CSR is not able to mediate the relationship between the board of commissioners and firm value and the relationship between the audit committee and firm value.

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Firm’s Attribute and Performance of Deposit Money Banks

Izvestiya Journal of the University of Economics – Varna ◽

10.36997/ijuev2021.65.2.207 ◽

2021 ◽

Vol 65 (2) ◽

pp. 207-219

Author(s):

Olusola Olowofela ◽

◽

Abiola Tonade ◽

Benjamin Lisoyi ◽

◽

...

Keyword(s):

Financial Performance ◽

Stock Exchange ◽

Financial Statements ◽

The Other ◽

Liquidity Management ◽

Negative Effect ◽

And Performance ◽

The Impact ◽

Firm Attributes ◽

Positive Effect

This study investigates the impact of firm attributes on the financial performance of deposit money banks in Nigeria’s financial sector. The scope of this research covered the period 2007 – 2018 using audited financial statements and reports of nine (9) deposit money banks listed on the Nigerian Stock Exchange. The results revealed that bank liquidity has significant negative effect, while bank growth has insignificant negative effect on financial performance. On the other hand, bank size and leverage have insignificant positive effect on the financial performance of banks. It is recommended that banks should pay attention to liquidity management and use this to enhance performance. Also, the management of banks should endeavor to make use of their growth opportunities optimally.

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Influence Of Intellectual Capital, Income Diversification on Firm Value Of Companies With Profitability Mediation: Indonesian Banking

Jurnal Dinamika Akuntansi ◽

10.15294/jda.v12i1.25466 ◽

2020 ◽

Vol 12 (1) ◽

pp. 77-89

Author(s):

Windie Yustyarani ◽

Indah Yuliana

Keyword(s):

Intellectual Capital ◽

Indirect Effect ◽

Firm Value ◽

Stock Exchange ◽

Secondary Data ◽

Annual Reports ◽

Capital Income ◽

Income Diversification ◽

Negative Effect ◽

Positive Effect

This study aims to examine and analyze the effect of intellectual capital and income diversification on firm value mediated by profitability. This study uses secondary data from annual reports on banks listed on the Indonesia Stock Exchange in 2013-2018. There are 30 banking samples in this study based on established criteria (purposive sampling). Data analysis using the WarpPLS 6.0 program. The results showed that intellectual capital had a positive effect on profitability and on firm value, income diversification had a negative effect on profitability, while it was found to have no effect on firm value, profitability had a positive effect on firm value, intellectual capital had an indirect effect on firm value mediated by profitabilit with partial mediation, while mediation is not supported by the indirect effect of Income Diversification on Firm Value.

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Intellectual Capital, Firm Value, and Financial Performance

AFEBI Accounting Review ◽

10.47312/aar.v1i01.24 ◽

2017 ◽

Vol 1 (01) ◽

pp. 29

Author(s):

Aida Irsyahma ◽

Nikmah Nikmah

Keyword(s):

Financial Performance ◽

Intellectual Capital ◽

Firm Value ◽

Banking Sector ◽

Stock Exchange ◽

Analysis Method ◽

The Relationship ◽

Modern Era ◽

Positive Effect ◽

Test Result

The ownership of intangible assets especially intellectual capital has becoming more important in this modern era where technology and knowledge have significant roles in company operating activities. The objective of this study is to examine the effect of intellectual capital on firm value and financial performance as intervening variable. The sample in this study is the banking sector listed in Indonesia Stock Exchange between 2011-2014 and 15 banks become samples in this study. The data was analyzed using the path analysis method with SPSS. The test result shows that intellectual capital has a positive effect on firm value, intellectual capital has a positive effect on financial performance, financial performance has a positive effect on firm value, and financial performance proved to intervene the relationship between intellectual capital and firm value. Keywords: Financial Performance, Firm Value, Intellectual Capital

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Implikasi Profitabilitas Terhadap Nilai Perusahaan dan Kebijakan Dividen Sebagai Variabel Intervening (Perusahaan Pertambangan yang Terdaftar di Bursa Efek Indonesia Periode 2009-2016)

Jurnal Manajemen Bisnis ◽

10.38043/jmb.v17i2.2355 ◽

2020 ◽

Vol 17 (2) ◽

pp. 150

Author(s):

Hairudin Hairudin ◽

Umar Bakti ◽

Agung Rachmadi

Keyword(s):

Path Analysis ◽

Firm Value ◽

Dividend Policy ◽

Stock Exchange ◽

Mediating Effect ◽

Mining Companies ◽

Negative Effect ◽

Positive Effect

This research examines and discovers the implication of profitability on firm value, and dividend policy as mediating effect at mining companies which are listed on Indonesian Stock Exchange in 2009-2016 with total samples, 5 companies. This study using path analysis to solve the problem with the help of SPSS 24. The result shows that Profitability and dividend policy have positive effect and significant on firm value, Profitability has negative effect on dividend policy, and dividend policy has no mediating effect between profitability and firm value.

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