PENGARUH INTELLECTUAL CAPITAL DISCLOSURE, KINERJA KEUANGAN, GCG, DAN LEVERAGE TERHADAP NILAI PERUSAHAAN

Abstract

The aim of this study is to test the impact of the intellectual capital disclosure, the financial performance. The Good Corporate Governance, and the leverage toward the firm value. The population of this study are the LQ 45 companies which are registered in Indonesia’s Stock Exchange in 2015 – 2019. The samples of this study are collected by applying the purposive sampling method with some LQ 45 companies’ criteria which are determined by the researcher, so it collects 51 companies as the samples with 190 firm years as the total data. This analysis applies the multiple linier regression with SPSS 20. The impact of the intellectual capital disclosure which is proxied by the ICDI (Intellectual Capital Disclosure Index), it shows there is no significantly impact to the firm value. The financial performance which is proxied by the ROA (Return On Assets) gives positive and significant impact to the firm value. While the Good Corporate Governance gives positive and significant impact to the firm value, but the result of the leverage which is proxied by the DER (Debt to Equity Ratio) shows insignificant result toward the firm value.
Keywords: intellectual capital disclosure, financial performance, good corporate governance, leverage, firm value