PENGARUH INTELLECTUAL CAPITAL, PROFITABILITAS, DAN LEVERAGE TERHADAP NILAI PERUSAHAAN

Abstract

This study aims to examine the effect of intellectual capital (VAICTM), profitability (ROA) and leverage (DER) on the company value (PBV) of the property, real estate and building construction sectors. This type of research uses causal comparative which is a type of research with the characteristics of problems in the form of a causal relationship between two or more variables. The population in this study in property, real estate, and building construction companies listed on the Indonesia Stock Exchange during the 2015-2018 period and the sampling method using purposive sampling method, namely sampling based on specified criteria, obtained a sample of 23 companies with periods during 4 years, the data obtained are 92 observational data. The results showed that intellectual capital affects the value of the company, which means companies that have intellectual capital and are able to take advantage of intellectual capital owned can have competitive advantage and be able to create added value on an ongoing basis. While leverage does not affect the value of the company this can be interpreted if there is a significant negative direction that is seen it will show the higher leverage as reflected by the high level of corporate debt.
Keywords: intellectual capital, profitability, leverage, firm value