PENGARUH MODAL INTELEKTUAL, KINERJA KEUANGAN, KEBIJAKAN DEVIDEN DAN STRUKTUR MODAL TERHADAP NILAI PERUSAHAAN

Abstract

This research aimed to examine the effect of intellectual capital, financial performance, dividend policy, and capital structure on firm value. Moreover, the research was quantitative. The population was Coal Mining sub-sector companies listed on the Indonesia Stock Exchange (IDX). Furthermore, the data collection technique used purposive sampling i.e., a sample selection with determined criteria. In line with that, there were 30 companies as the sample. Additionally, the data were taken during 3 years (2020-2022). In total, there were 90 data taken. The data analysis technique used multiple linear regression. The research result showed that (1) intellectual capital did not affect the firm value of Coal Mining sub-sector companies listed on IDX, which means that the three components of intellectual capital do not influence the high or low value of a company; (2) financial performance had a positive effect on the firm value of Coal Mining sub-sector companies listed on IDX, which can be interpreted as whether the company's ability to gain profits influences company value; (3) dividend policy did not affect the firm value Coal Mining sub-sector companies listed on IDX, meaning that the high and low dividends given by the company do not affect the company value; (4) capital structure had a positive effect on the firm value Coal Mining sub-sector companies listed on IDX, the company's ability to balance the benefits and costs of using debt will affect company value.