Open AccessAnalysis of Factors Affecting Firm Value with Intellectual Capital as Moderating Variable in Kompas 100 Companies Listed on the IDX
Author(s) -
Muhammad Fahriza Tampubolon,
. Erlina,
Khaira Amalia Fachrudin
Publication year - 2021
Publication title -
international journal of research and review
Language(s) - English
Resource type - Journals
eISSN - 2454-2237
pISSN - 2349-9788
DOI - 10.52403/ijrr.20210886
Subject(s) - enterprise value , profitability index , market liquidity , leverage (statistics) , capital structure , stock exchange , intellectual capital , business , nonprobability sampling , panel data , variables , capital call , econometrics , population , economics , finance , human capital , statistics , financial capital , mathematics , debt , demography , individual capital , sociology , economic growth
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