Open AccessMediation Effect of Financial Performance on The Influence of Intellectual Capital on Firm Value
Author(s) -
Hidayatul Khusnah,
Mardiyah Anugraini
Publication year - 2021
Publication title -
jurnal ilmiah akuntansi dan keuangan
Language(s) - English
Resource type - Journals
eISSN - 2580-510X
pISSN - 2548-9453
DOI - 10.32639/jiak.v10i2.743
Subject(s) - intellectual capital , stock exchange , mediation , business , sample (material) , value (mathematics) , enterprise value , indonesian , accounting , finance , computer science , linguistics , chemistry , philosophy , chromatography , machine learning , political science , law
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.