INTELLECTUAL CAPITAL MEMPENGARUHI NILAI PERUSAHAAN MELALUI KINERJA KEUANGAN

Abstract

This research aimed to examine the intellectual capital on the firm value in financial performance at a manufacturing company listed in Indonesia Stock Exchange (IDX) in 2015-2019. Furthermore, this research used intellectual capital measured by Value Added Intellectual Coefficient (VAICTM). Meanwhile, the financial performance measured by Return On Assets (ROA), and the firm value measured by Price to Book Value (PBV). Moreover, the research data of this research used secondary data in the form of financial performance. The sample collection technique of this research used the purposive sampling method with several criteria. It obtained 66 companies as a sample with a total of 330 observations. Meanwhile, the analysis method of this research used path analysis. Moreover, this research showed that the company could manage an excellent intellectual capital; therefore it would affect an outstanding financial performance, and the company could handle the financial account. Consequently, it took a good response from the investors and increased the firm value. It showed from the financial performance to mediate the effect of intellectual capital to the substantial firm value.
Keywords: intellectual capital, financial performance, firm value