Pengaruh Modal Intelektual, Set Kesempatan Investasi Terhadap Kinerja Keuangan Dan Nilai Perusahaan Makanan dan Minumam Yang Terdaftar Pada BEI Periode 2012-2016

In addition to increasing intangible assets, the company will also see the future by implementing policies regarding investment decisions to increase company performance and company value. For this reason, the purpose of this study is to examine the effect of intellectual capital, investment opportunity sets on company performance and firm value in food and beverage companies listed on the IDX for the period 2012-2106. The study population numbered 14 companies, while the sample used in this study was taken using purposive sampling, the number of samples taken in this research proposal is 11 samples that meet the criteria used. This study uses path analysis. The results of this study indicate that intellectual capital has no significant effect on financial performance, negative intellectual capital is not significant towards firm value, the investment opportunity set has a negative effect on financial performance. The investment opportunity set has a positive and significant effect on firm value, financial performance has a significant positive effect on firm value. ___________________________________________________________________ Perusahaan selain meingkatkan intangible asset, disisi lain perusahaan juga akan melihat masa depan dengan melakukan kebijakan mengenai keputusan investasi untuk menigkatkan kinerja perusahaan dan nilai perusahaan. Untuk itu tujuan penelitian ini adalah menguji pengaruh modal intelektual, set kesempatan investasi terhadap kinerja perusahaan dan nilai perusahaan pada perusahaan makanan dan minuman yang terdaftar pada BEI periode 2012-2106. Populasi penelitian berjumlah dengan jumlah 14 perusahaan, sedangkan Sampel yang digunakan dalam penelitian ini diambil dengan menggunakan purposive sampling, banyaknya sampel yang diambil dalam usulan penelitian ini adalah 11 sampel yang memenuhi kriteria yang digunakan. penelitian ini menggunakan analisis jalur (path analysis), Hasil penelitian ini menunjukkan modal intelektual tidak berpengaruh signifikan terhadap kinerja keuangan, modal intelektual negatif tidak signifikan terhadap nilai perusahaan, set kesempatan investasi berpengaruh negative pada kinerja keuangan. Set kesempatan investasi berpengaruh positif dan signifikan terhadap nilai perusahaan, kinerja keuangan berpengaruh positif signifikan terhadap nilai perusahaan.

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

JURNAL AKUNTANSI DAN PAJAK ◽

10.29040/jap.v20i1.574 ◽

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.

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ALOKASI ANGGARAN, INTELLECTUAL CAPITAL, KINERJA KEUANGAN, DAN INDIKATOR KINERJA UTAMA BADAN LAYANAN UMUM

JIAFE (Jurnal Ilmiah Akuntansi Fakultas Ekonomi) ◽

10.34204/jiafe.v7i1.2915 ◽

2021 ◽

Vol 07 (01) ◽

Author(s):

Setyo Budi Hartono ◽

◽

Wahab Zaenuri ◽

Fania Mutiara Savitri ◽

Dessy Noor Farida ◽

...

Keyword(s):

Human Resources ◽

Financial Performance ◽

Path Analysis ◽

Intellectual Capital ◽

Performance Indicators ◽

Intangible Assets ◽

Budget Allocation ◽

Intangible Asset ◽

Tangible Assets ◽

Tangible Asset

Abstrak: Penelitian ini ditujukan pada anggaran dalam bentuk intangible asset (sumber daya manusia) dan tangible asset (aset tetap dan persediaan) yang diprediksi dapat mempengaruhi intellectual capital, kinerja keuangan sekarang dan mendatang, serta indikator kinerja utama. Alokasi anggaran sebagai baromater prioritas dalam mengembangkan intellectual capital ditujukan untuk memenuhi performa keuangan bagi indikator kinerja utama organisasi. Populasi yang juga menjadi sampel yaitu unit dan fakultas pada UIN Walisongo Semarang sebanyak 30 unit. Metode pengambilan sampling menggunakan teknik sampel jenuh yang mengambil seluruh populasi. Data yang digunakan adalah data sekunder berupa laporan tahunan dan laporan pencapaian indikator kinerja utama tahun 2019-2020. Analisis data menggunakan path analysis. Hasil penelitian ini adalah alokasi APBN tahun 2019 UIN Walisongo hanya terfokus pada tangible asset sebesar 82%, sementara 18% dialokasikan untuk intangible asset. Intangible asset tidak berpengaruh secara terhadap semua hubungan, hanya tangible asset saja yang dapat mempengaruhi intellectual capital secara langsung dan kinerja keuangan sekarang secara tidak langsung. Berdasarkan hasil penelitian ini menunjukkan perlu dilakukan audit sumber daya manusia sehingga dapat ditetapkan alokasi kebutuhan anggaran bagi intangible asset-nya. Abstract: This research is aimed at the budget in the form of intangible assets (human resources) and fixed assets and inventories that are predicted to affect intellectual capital, current and future financial performance, as well as key performance indicators. Budget allocation as a priority barometer in developing intellectual capital is aimed at meeting financial performance for the organization's main performance indicators. The population that is also a sample is 30 units and architecture at UIN Walisongo Semarang. The sampling method uses a saturated sample technique that takes the entire population. The data used is secondary data in the form of annual reports and performance indicator reports for 2019-2020. Data analysis using path analysis. The results of this study were that the 2019 State Budget allocation of UIN Walisongo only focused on tangible assets by 82%, while 18% was allocated for intangible assets. Intangible assets do not affect all relationships, only tangible assets can directly affect intellectual capital and current financial performance indirectly. Results Based on this research, it is necessary to conduct an audit of human resources so that they can determine the allocation of budget requirements for intangible assets.

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Pengaruh Profitabilitas pada Kebijakan Dividen dengan Investment Opportunity Set sebagai Variabel Pemediasi

E-Jurnal Akuntansi ◽

10.24843/eja.2020.v30.i01.p16 ◽

2020 ◽

Vol 30 (1) ◽

pp. 212

Author(s):

Ida Ayu Nabila Meidyna ◽

Made Mertha

Keyword(s):

Data Analysis ◽

Path Analysis ◽

Empirical Evidence ◽

Sampling Method ◽

Dividend Policy ◽

Stock Exchange ◽

Investment Opportunity ◽

Purposive Sampling ◽

Analysis Technique ◽

Investment Opportunity Set

The amount of dividends distributed to shareholders depends on the company's dividend policy. This study aims to obtain empirical evidence about the effect of profitability on dividend policy with an investment opportunity set as a mediating variable. This research was conducted at companies classified as LQ45 index on the Indonesia Stock Exchange. The sampling method used was purposive sampling to obtain 87 observations. Data analysis technique used is path analysis. Based on research results, it is known that profitability has a positive and significant effect on investment opportunity set. Profitability has a positive and significant effect on dividend policy. Investment opportunity set has a negative and significant effect on dividend policy. Investment opportunity set is able to mediate the effect of profitability on dividend policy.

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Kinerja Keuangan: Intellectual Capital Performance dan Investment Opportunity Set

Jurnal Ilmiah Akuntansi ◽

10.23887/jia.v5i1.24293 ◽

2020 ◽

Vol 5 (1) ◽

pp. 61

Author(s):

Muhamad Muslih ◽

Wima Rizky Aqmalia

Keyword(s):

Financial Performance ◽

Intellectual Capital ◽

Stock Exchange ◽

Manufacturing Sector ◽

Linear Regression Analysis ◽

Value Added ◽

Multiple Linear Regression Analysis ◽

Investment Opportunity ◽

Investment Opportunity Set ◽

Extended Value

This study aims to examine the factors that affect financial performance, i.e. Intellectual Capital Performance measured using the Extended Value Added Intellectual Capital Plus and Investment Opportunity Set methods measured using investment-based joint proxy. The population used for the object of research is manufacturing sector companies listed on the Indonesia Stock Exchange in the 2014-2018 period. Based on the purposive sampling method, a sample of 15 companies was obtained with a study period of 5 years so that the research data amounted to 75 data. By using multiple linear regression analysis techniques, this study proves that the Intellectual Capital Performance and Investment Opportunity Set influences the positive and significant direction of Financial Performance. The results of the study indicate an increase in Intellectual Capital Performance and Investment Opportunity Set will improve the company's financial performance in the aspect of profitability.

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MODAL INTELEKTUAL, KEUNGGULAN KOMPETITIF, DAN KINERJA KEUANGAN PADA PERUSAHAAN HIGH-IC DI INDONESIA DAN SINGAPURA

JMM UNRAM - MASTER OF MANAGEMENT JOURNAL ◽

10.29303/jmm.v7i4.343 ◽

2018 ◽

Vol 7 (4) ◽

Author(s):

Indah Yuliana ◽

Jam’iyyatul Khoiriyah

Keyword(s):

Financial Performance ◽

Competitive Advantage ◽

Path Analysis ◽

Intellectual Capital ◽

Stock Exchange ◽

Financial Statements ◽

Corporate Financial Performance ◽

Purposive Sampling ◽

Descriptive Approach ◽

Quantitative Descriptive

Penelitian ini bertujuan untuk menguji pengaruh Modal Intelektual (Intellectual Capital) terhadap Keunggulan Kompetitif Perusahaan (Competitive Advantage), pengaruh Modal Intelektual (Intellectual Capital) terhadap Kinerja Keuangan Perusahaan, dan pengaruh Modal Intelektual (Intellectual Capital) terhadap Kinerja Keuangan Perusahaan melalui Keunggulan Kompetitif (Competitive Advantage) dengan menggunakan pendekatan kuantitatif deskriptif. Populasi penelitian ini adalah data laporan keuangan Bursa Efek Indonesia dan Bursa Efek Singapura dan terpilih sampel melalui purposive sampling yaitu 33 perusahaan dari LQ45 di Indonesia dan 26 perusahaan dari Strait Times Index di Singapura pada tahun 2014-2016. Pengolahan data penelitian ini menggunakan analisis jalur (path analysis) dan uji asumsi klasik untuk mengukur pengaruh variable terhadap kinerja keuangan perusahaan di Indonesia dan di Singapura. Hasil penelitian menunjukkan bahwa terdapat pengaruh positif dan signifikan Modal Intelektual terhadap Keunggulan Kompetitif, Modal Intelektual terhadap Kinerja Keuangan, dan Keunggulan Kompetitif mampu memediasi pengaruh Modal Intelektual terhadap Kinerja Keuangan pada tahun 2014-2016.This study aims to examine the effect of Intellectual Capital on Competitive Advantage, the effect of Intellectual Capital on Corporate Financial Performance, and the effect of Intellectual Capital on Corporate Financial Performance through Competitive Advantage (Competitive Advantage) by using a quantitative descriptive approach. The population of this study was the financial statements of the Indonesia Stock Exchange and the Singapore Stock Exchange and was selected by purposive sampling, namely 33 companies from LQ45 in Indonesia and 26 companies from the Straits Times Index in Singapore in 2014-2016. The data processing of this study uses path analysis (path analysis) and classic assumption test to measure the influence of variables on the financial performance of companies in Indonesia and in Singapore. The results showed that there was a positive and significant effect of Intellectual Capital on Competitive Advantage, Intellectual Capital on Financial Performance, and Competitive Advantage able to mediate the effect of Intellectual Capital on Financial Performance in 2014-2016.Kata Kunci :Modal Intelektual, Kinerja Keuangan, Keunggulan Kompetitif Keywords :Intellectual Capital, Financial Performance, Competitive Advantage

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Investment Opportunity Set (IOS) Berbasis Pertumbuhan Perusahaan dan Kaitannya Dengan Upaya Peningkatan Nilai Perusahaan

Jurnal Ekonomi dan Bisnis ◽

10.24914/jeb.v18i1.267 ◽

2016 ◽

Vol 18 (1) ◽

pp. 83 ◽

Cited By ~ 1

Author(s):

Eka Handriani ◽

Tjiptowati Endang Irianti

Keyword(s):

Path Analysis ◽

Theoretical Approach ◽

Firm Value ◽

Financial Statements ◽

Investment Policy ◽

Funding Policy ◽

Investment Opportunity ◽

Research Results ◽

Investment Opportunity Set ◽

Manufacturing Company

<p><em>This research aims to develop theoretical approach to complete the conceptual controversy regarding the research results on the investment policy and firm value. This research employs firm value, investment opportunity set (IOS), funding and dividend as variables. Dividends in the research proxied by dividend pay out ratio (DPR), funding proxied by DER and firm value indicated by Tobin’s q, which are mediated by IOS. The sample are taken from 154 manufacturing company financial statements during 2010 to 2012. The data were tested using path analysis. The research found that dividend and funding policy positively influence IOS. Investment opportunity (IOS) positively influences the firm value. IOS was able to mediate the effect of dividends to the firm value, and also the influence of funding decisions to firm value.</em></p>

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PENGARUH IOS PADA NILAI PERUSAHAAN DENGAN KUALITAS LABA SEBAGAI VARIABEL MODERASI

Jurnal Ilmiah Akuntansi ◽

10.23887/jia.v3i1.16627 ◽

2019 ◽

Vol 3 (1) ◽

Author(s):

Putu Eka Nopiyani ◽

Ni Made Wulan Sari Sanjaya ◽

Ni Made Rianita

Keyword(s):

Regression Analysis ◽

Firm Value ◽

Earnings Quality ◽

Sampling Technique ◽

Manufacturing Companies ◽

Investment Opportunity ◽

Purposive Sampling ◽

Opportunity Sets ◽

Analysis Technique ◽

Investment Opportunity Set

ABSTRAKPenelitian ini dilakukan untuk mendapatkan bukti empiris mengenai pengaruh investment opportunity set pada nilai perusahaan dengan kualitas laba sebagai variabel moderasi. Metode yang digunakan untuk menentukan sampel pada penelitian ini adalah teknik purposive sampling, sehingga diperoleh 38 perusahaan manufaktur sebagai sampel. Teknik analisis data yang digunakan dalam penelitian ini adalah Moderated Regression Analysis (MRA) dengan bantuan aplikasi SPSS 21. Hasil penelitian ini menunjukkan bahwa investment opportunity set tidak berpengaruh pada nilai perusahaan. Kualitas laba mampu memperkuat pengaruh investment opportunity set pada nilai perusahaan. Kata kunci: investment opportunity set; kualitas laba; nilai perusahaan ABSTRACTThis research is conducted to obtain empirical evidence about the effect of investment opportunity set on firm value with earnings quality as moderation variable. The method used to determine the sample in this study is purposive sampling technique, so that obtained 38 manufacturing companies as a sample. Data analysis technique used in this research is Moderated Regression Analysis (MRA) with the help of SPSS 21 application. The results of this study indicate that investment opportunity set has no effect on firm value. The earnings of quality are able to strengthen the influence of investment opportunity sets on the value of the firm. Keywords: Investment Opportunity Set; Earnings Quality; Firm Value

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Analisis Pengaruh Intellectual Capital Terhadap Nilai Perusahaan Dengan Kinerja Keuangan Sebagai Variabel Intervening Pada Perusahaan Perbankan Yang Terdaftar Di Bursa Efek Indonesia Periode 2010-2015

JURNAL PUNDI ◽

10.31575/jp.v2i3.99 ◽

2018 ◽

Vol 2 (3) ◽

Author(s):

Gina Septiana

Keyword(s):

Financial Performance ◽

Path Analysis ◽

Intellectual Capital ◽

Firm Value ◽

Stock Exchange ◽

Value Added ◽

Testing Hypotheses ◽

Book Value ◽

Independent Variable ◽

Test Result

The objective of this research is to determine the influence of intellectual capital to the firm value of the banks listed on BEI with financial performance as an intervening variable. The independent variable applied in this study was the intellectual capital which was measured by value added intellectual coefficient (VAIC). The dependent variable in this study was the firm value is measured by using price to book value (PBV), while financial performance as an intervening variable is measured by using return on asset (ROA). The sample used in this study are 11 banking companies listed by the Indonesia Stock Exchange (IDX) within the period of 2010-2015. This study used a quantitative approach to testing hypotheses used the technique of path analysis. To examine the effect of mediation used sobel test. The finding shows that (1) intellectual capital has significant effect to financial performance. (2) intellectual capital does not have significant effect to the level of firm value. (3) financial performance has significant effect to the level of firm value. (4) sobel test result showed that financial performance mediate intellectual capital to the firm value.

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MODAL INTELEKTUAL, KEUNGGULAN KOMPETITIF, DAN KINERJA KEUANGAN PADA PERUSAHAAN HIGH-IC DI INDONESIA DAN SINGAPURA

JMM UNRAM - MASTER OF MANAGEMENT JOURNAL ◽

10.29303/jmm.v7i4.331 ◽

2018 ◽

Vol 7 (4) ◽

Author(s):

Indah Yuliana ◽

Jam’iyyatul Khoiriyah

Keyword(s):

Financial Performance ◽

Competitive Advantage ◽

Path Analysis ◽

Intellectual Capital ◽

Stock Exchange ◽

Financial Statements ◽

Corporate Financial Performance ◽

Purposive Sampling ◽

Descriptive Approach ◽

Quantitative Descriptive

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Kinerja Keuangan Memediasi Pengaruh Modal Intelektual dan Struktur Modal pada Nilai Perusahaan di Masa Pandemi Covid-19

E-Jurnal Akuntansi ◽

10.24843/eja.2021.v31.i10.p08 ◽

2021 ◽

Vol 31 (10) ◽

pp. 2503

Author(s):

Luh Ayu Meliani ◽

Dodik Ariyanto

Keyword(s):

Capital Structure ◽

Financial Performance ◽

Path Analysis ◽

Intellectual Capital ◽

Firm Value ◽

Sampling Technique ◽

Company Value ◽

Negative Effect ◽

The Relationship ◽

Positive Effect

This study examines the effect of intellectual capital and capital structure on firm value with financial performance as a mediating variable. The sample was selected by purposive sampling technique. Data were analyzed using path analysis. The results of the analysis show that intellectual capital has no effect on financial performance, but has a positive effect on firm value. Capital structure has a positive effect on financial performance, but has no effect on firm value. Financial performance has a negative effect on firm value. The relationship between capital structure and firm value is successfully mediated by financial performance, however, financial performance does not mediate the relationship between intellectual capital and firm value. This research has implications for those who need information about company value in pharmaceutical sub-sector companies by considering the factors that influence it, especially during the Covid 19 pandemic. Keywords: Intellectual Capital; Capital Structure; Firm Value; Financial Performance.

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