PENGARUH MANAJEMEN RISIKO, MODAL INTELEKTUAL DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN

Abstract

A higher firm value comes from the investors’ trust as a higher rate of return stock will be returned to them. This means, the higher the stock price of company will affect how big the investors have their investment decision.This research aimed to examine empirically the effect of risk management, intellectual capital, and profitability on the firm value of Food and Beverages companies which were listed on Indonesia Stock Exchange 2015-2018. White, the data collection technique used purposive sampling with 48 observational data. Moreover, the data analysis technique used multiple linier regression with SPSS 21.The research result concluded risk management had positive effect on the firm value, Besides, it meant the hypothesis was accepted; this showed also the company’s performance, intellectual capital did not affect the firm’s value. In other words, the hypothesis was rejected. This could also meant, there was other factors which affect the result, such as different sample or years of research. Thus, for the time being, there was no indirect relationship. On the other hand, profitability had positive effect on the firm value. It meant, the hypothesis was accepted since good company can provide higher profit.
Keywords: risk management, intellectual capital, profitability